Withdraw from NPS After 3 Years | National Pension Scheme According to the NPS rules, subscribers are allowed to withdraw their funds after three years from the date of joining the system. However, they can only withdraw a maximum of three times during the entire tenure of their subscription under NPS. This means that subscribers … Read more
Gratuity Benefits under NPS | National Pension System Gratuity Benefits are an essential component of the National Pension System (NPS), which provides retirement benefits to employees in India. Under the NPS, employees receive a lump sum amount upon retirement, which includes contributions made by the employer and the employee over the years, as well as … Read more
“Pay Gratuity & Benefits Under NPS – BPMS Resolutions” The government has implemented policies to provide relief to employees in various aspects of their employment. These policies include the removal of ceiling for Compassionate Appointment, which allows for greater flexibility in hiring individuals for positions, and the payment of gratuity to NPS beneficiaries, ensuring that … Read more
Extend Gratuity Benefits to All NPS Employees The Confederation is calling for the extension of the Gratuity benefit to all employees under the National Pension System (NPS). This important step would ensure that the struggles of NPS employees do not go in vain. With this benefit, all employees would have access to a retirement plan … Read more
“Implementing NPS in Central Autonomous Bodies” The implementation of the National Pension System (NPS) in Central Autonomous Bodies (CABs) is a significant step towards providing better retirement benefits to employees. This system is designed to ensure that employees have access to a sustainable pension plan that will allow them to live comfortably during their retirement … Read more
Streamline National Pension System Implementation for Govt Employees The Central Government has taken measures to streamline the implementation of the National Pension System for its employees. This decision comes as a way to simplify the process of pension management and ensure that all employees receive their benefits in a timely manner. The government is committed … Read more
Medical Benefits for Retirees Medical Benefits for Retirees are available under the Central Government Health Scheme (CGHS) guidelines. These benefits cover both current and retired Central Government employees who are part of the New Pension Scheme. By providing comprehensive healthcare benefits to retirees, the CGHS ensures that they are able to lead comfortable and healthy … Read more
OTP based authentication for paperless NPS on-boarding for opening of online NPS Account by prospective Subscribers in a paperless manner PFRDA PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY CIRCULAR CIR No.: PFRDA/2020/23/SUP-CRA/10 Date: June 15 2020 To All stakeholders under NPS Subject: OTP based authentication for paperless NPS on-boarding. Pension Fund Regulatory and Development Authority (PFRDA) … Read more
NPS Contribution 14% of Basic Pay plus DA – Gazette Notification “The monthly contribution would be 10 percent of the Basic Pay plus Dearness Allowance (DA) to be paid by the employee and 14 percent of the Basic Pay plus DA by the Central Government” Streamlining the Implementation of National Pension System (NPS) MINISTRY OF … Read more
Central Govt Rejects the Demand to Scrap NPS Abolition of Contributory Pension Scheme Representations have been received from various Associations of Government Employees on the problems being faced and the demand to withdraw the National Pension System (NPS). The 7th Central Pay Commission (CPC) also in its report examined the issues related to NPS and … Read more