National Pension System – CG Staff News https://cgstaffnews.in Gazetted Holiday List ✓ Restricted Holiday List ✓ School Holiday List ✓ Election Holidy List ✓ Court Holiday List Tue, 02 Jul 2019 05:07:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://cgstaffnews.in/wp-content/uploads/2020/08/cropped-cgstaffnews-logo-32x32.jpg National Pension System – CG Staff News https://cgstaffnews.in 32 32 Transfer of NPS to GPF Transferring NPS Subscription into GPF account https://cgstaffnews.in/transfer-of-nps-to-gpf-transferring-nps-subscription-into-gpf-account/ https://cgstaffnews.in/transfer-of-nps-to-gpf-transferring-nps-subscription-into-gpf-account/#respond Fri, 19 Apr 2019 11:29:52 +0000 http://www.cgstaffnews.in/?p=19857 Read more]]> Transfer of NPS to GPF

Transferring NPS Subscription into GPF account

GOVERNMENT OF INDIA
OFFICE OF THE DIRCTOR (ACCOUNTS)
MINISTRY OF HOME AFFAIRS
PAY AND ACCOUNTS OFFICE, C.R.F.F
PLOT NO 14, PSF .2, SECTOR-23, ROHINI
NEW DELHI-110085

No. PAO/CRFF/MHA/NPS/DA-1(1)/2018-19/797

Dated the 15.3.2019

To
The IG (Admin)
Directorate General CRPF,
CGO Complex,
Lodhi Road,
New Delhi-110003

Subject: Reg, transfer of NPS to GPF.

I am to say that various cases for transferring NPS Subscription into GPF account have been received to the officer after Order of Hon’ble High Court of Delhi In respect of WP(C) No.3834/2013 and WP(C) No.2810/2016 vide which benefits of Old Pension Scheme are extended to personal joined in the year 2004. As there is a large number of subscribers. Under this kind of transfer and many requesters are received asking with information of office orders issued by various authorities (i.e., The Commodities, The DIG, The IG, etc.,) In this regard, it is requested. To Issue appropriate orders to Copermed formations to need these cases with the following documents (02 copies of each):

(i) Necessary Administrative approval from the administrative. Head of the Department

(ii) Application (by the format enclosed) duly filled by The an barber

(iii) Month wise details of NPS subscriptions daily certified by the DDO

(iv) Copy of office order vide GPF account is allocated

(v) Any orders documents such as court order etc., related to accounting of previous Government service recorders before 01.01.2004

(vi) Copy of order vide pervious service of the subscriber Is counted (if applicable)

(vii) Copy of technical resignation of the subscriber (if applicable)

And cases should be sent only after NPS subscription in stopped and GPF subscription is started from salary

2. Further, the cases should be sent through the administrative Head of Department to this office. There are some Instances where officers are asking subscribers to apply for re-issue of PRAN and for submission with the case for NPS to GPF transfer Is this regard it is to inform that only if PRAN card is available may be sent there is no need for re-issue the PRAN card for this purpose. The details of PRANs are available in pay and Service related records The cases can be forwarded to principal Account Office, MHA for further processing only after the aforementioned documents are received.

Yours faithfully,
Sr, Accounts Officer (NPS)

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GPF to be introduced to willing NPS employees.- AIDEF Circular https://cgstaffnews.in/gpf-to-be-introduced-to-willing-nps-employees-aidef-circular/ https://cgstaffnews.in/gpf-to-be-introduced-to-willing-nps-employees-aidef-circular/#respond Fri, 19 Apr 2019 09:10:26 +0000 http://www.cgstaffnews.in/?p=19780 Read more]]> GPF to be introduced to willing NPS employees.- AIDEF Circular

ALL INDIA DEFENCE EMPLOYEES’ FEDERATION

Special Circular No.72
Date : 13.04.2019

As already informed to you the meeting of the National Council (JCM) was held on 13/04/2019 under the Chairmanship of the Cabinet Secretary. AIDEF was represented by Comrades C. Srikumar, K.Balakrishnan and R.S.Reddy. After the introductory remark by the Cabinet Secretary the Staff Side raised the following issues:

1. The 47th Meeting of the National Council (ICM) is being Called by the Chairman after a period of 9 years. The last i. e. the 46th meeting of the National Council (JCM) was held on 15 May 2010. Under the JCM Scheme the Ordinary meetings of the National Council shall be held as often as necessary, and not less than once in four months. Special meetings can also be called by the Chairman or on a request from the Staff Side. Unfortunately between 1999 and as on date only 7 meetings are held, which means within a period of 20 years only 7 times the National Council has met. This is a clear proof of violation and dilution of the JCM Scheme. Since the National Council of JCM is not functioning, the Departmental Council JCM’s under the Chairmanship of the Secretaries of the Concerned Departments are also not taking place. Therefore I request the Chairman to take a serious note of the situation and a decision may be taken to hold regular meetings of the National Council, its Standing Committee and also the Departmental Council JCM meetings and the decision may be communicated to all Departments.

2. When the JCM Scheme came in to effect from 1966 all the Non- Gazetted employees were allowed to participate in the JCM Scheme. However due to upgradation of various Group C Posts to Group B these categories are now exempted from the JCM Scheme. The Staff Side is demanding for review of the same and to permit all Non Gazetted employees irrespective of their pay should be allowed to participate in the JCM Scheme.

3. In the past due to repeated discussions in the National Council JCM, the Cabinet Secretary has written a D.O. Letter to all the Secretaries that before implementing any decisions to privatize, Outsource and closures, downsizing, corporatization, rationalization etc the staff side of the Departmental Council JCM should be consulted and their views may be kept in mind while framing such policy decision. However arbitrary decisions are taken especially by Ministry of Railway’s, Defence, Printing and Stationery, Postal and other departments for privatizing the work being done by permanent employees, closure of many units etc. This has resulted in total Labour unrest and series of agitations are being held including strike action. It is therefore requested that all these activities against the interest of employees may be stopped immediately and the entire issue may be discussed in the Departmental Council JCM meetings with the Staff Side.

4. After the submission of the 7th CPC recommendations, the Central Government Employees were very much disappointed and there was an all around dissatisfaction since the 7th CPC has not taken into account the proposals of the Staff Side in determining the minimum pay and corresponding fitment factor. The 7th CPC has also rejected our demand to scrap the NPS implemented for employees recruited on or after 1/1/2004. In this backdrop the National Joint Council of Action of the Central Government employees have issued an Indefinite Strike Notice on the Government. A meeting was convened under the Chairman ship of Hon’ble Home Minister Sh. Rajnath Singh in which other three Senior Ministers including the Finance Minister and Railway Minister were also present. The meeting was held on 30th of June 2016 and based on the assurance given by the senior Ministers that the demands of the Central Government employees would be considered by a high Level committee, the strike was deferred. It is unfortunate that the commitment given to the NJCA was never honored and the discontentment amongst the Central Government employees still prevails. It is therefore urged upon the Government that the commitment of the Group of Ministers may be honored in letter and spirit and Government may come forward to restore the negotiations with the NJCA for reaching an agreement on the following demands.

a. Enhancement of Minimum Pay and Fitment Factor w.e.f. 1.1.2006

b. Scraping of NPS and restoration of guaranteed Pension under CCS (Pension) Rules 1972.

c. Option No. 1 recommended by 7th CPC for employees who retired prior to 01/01/2016.

5. The Staff Side are repeatedly representing to grant one more option to switch over to 7th CPC pay scale from a date subsequent to 25/07/2016. Even thouge there is no much financial implication, the Department of Expenditure is not extending the benefit. This issue needs to be considered favourably.

6. Inspite of the Government orders for grant of entry pay to the employees promoted on or after 1/1/2006 prescribed for direct recruits in the pay band is not yet implemented in many of the Departments for want of certain clarifications from Department of Expenditure. The issue was discussed in the last Standing Committee meeting and it was assured that necessary clarifications would be issued. However the same has not yet been issued.

7. Due to non functioning of JCM and non acceptance of genuine demands of the Central Governments employees there is a multiplicity of litigations on service matters including MACP issues like date of implementation of MACP from 1/1/2006, MACP in promotional hierarchy, Annual Increment to employees retired on 30th June and 31st December etc. In majority of the cases the judgments have gone in favour of the employees and as usual the Government drag the employees up to Supreme Court and even after Establishing the Law on service matters by the Supreme Court the benefits are restricted only to the petitioners. A separate meeting with Staff Side may be held so that the demand for implementation of various Court judgments on service matters can be settled and the number of litigations can be reduced.

8. The Defence Industry like Ordnance Factories, DRDO, Units under Army and Navy etc. are under serious attack. The entire policy decision needs to be reconsidered and all these Defence Establishments should be strengthened and developed.

9. One time relaxation of LTC-80 cases, where employees have purchased Air Tickets from other than authorized Agents is pending for quite some time. The same may be considered favourably.

10. Compassionate Appointment to the wards of employees who dies/medically invalidated on accidents while performing Government duty should be given over and above the 5% quota.

11. Outsourcing of permanent Jobs which are being performed by erstwhile Group “D” Employees should be stopped and all the vacancies should be filled up

Decision on Agenda Points/ Points Raised in the meeting

1. Judgment of Supreme Court on service matters where policies are involved will be made applicable to all the similarly placed Employees.

2. GPF to be introduced to willing NPS employees.

3. Government seriously and positively considering the demand of allotment of salary budget separately to Ordnance Factories.

4. Stepping up of pay will be permitted in MACP.

5. Services of Temporary Status Employees of GSF Cossipore will be regularized.

6. Government Orders on Risk Allowance and Night Duty Allowance will be issued soon.

7. Relaxation of Educational Qualification for Compassionate Appointment to wife of employees medically boarded out from service would be considered.

8. Regarding residency period for promotion from one post to another, the Staff Side should forward a detailed proposal.

9. Grant of 90% Medical Advance for conventional diseases would be considered by Ministry of Health.

10. Proposal for relaxation of LTC-80 is under consideration.

11. Revision of pension to employees those who were compulsorily retired would be considered.

12. The provision of “Wherever feasible” given in the Government order for grant of HRA without NAC would be considered.

13.Regarding implementation of Arbitration Awards separate meeting would be held with staff side.

14. The decision on applicability of CCS (RSA) Rules 1993 to the workers of the Defence Ministry would be taken within a month. 15. The Demand for creation of NFSG grade in cadre of UDC / Stenographers in all offices outside Secretariat is under consideration of the Government.

16. Reimbursement of Medical expenditure involved for over stay in the Hospital, because of infection / side effects would be considered by the Ministry of Health.

With Greetings,

(C.SRIKUMAR)
General Secretary

Source : AIDEF Circular

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Amendment to the investment Guidelines to all NPS Scheme https://cgstaffnews.in/amendment-to-the-investment-guidelines-to-all-nps-scheme/ https://cgstaffnews.in/amendment-to-the-investment-guidelines-to-all-nps-scheme/#respond Sat, 30 Mar 2019 11:07:30 +0000 http://www.cgstaffnews.in/?p=19658 Read more]]> Amendment in Investment Guidelines for NPS Schemes – PFRDA

Amendment to the investment Guidelines (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana)

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

B-14/A, Chhatrapati Shivaji Bhawan,
Qutab Institutional Area,
Katwaria Sarai, New Delhi-110016.

Ph: 011-26517501, 26517503, 26133730
Fax: 011-26517507
Website: www.pfrda.org.in

CIRCULAR PFRDA/2019/8/SUP-PF/2

Date: 25.03.2019

Subject: Amendment to the investment Guidelines (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana)

Reference is invited to the Investment Guidelines for NPS Schemes (Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana) dated 3rd June 2015 issued vide circular no. PERDA/2015/16/PFM/7, the Change in Investment guidelines for NPS schemes W.r.t. Investment in equity Mutual funds vide circular no. PERDA/2018/56/PF/2 dated 20th August 2018 and Revised rating criteria for investments under NPS Schemes vide circular No. PERDA/2018/02/PF/02 dated 08.05.2018. The changes hereunder shall apply only to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana.

2. In order to provide flexibility to the Pension Funds to improve the scheme performance depending upon the market conditions, it has been decided to increase the cap on Government Securities & related investments and Short term debt instruments & related investments by 5% each.

3. The asset class wise revised caps on the various asset classes are as under:

Asset Class Caps On Investments For Composite Schemes
Government Securities & Related Investments Upto 55%
Debt Instruments & Related Investments Upto 45%
Equity & Related Investments     Upto 15%
Asset Backed, Trust Structured Etc.           Upto 5%
Short Term Debt Instruments & Related Investments Upto 10%

4.The other terms and conditions as mentioned in the circular PERDA/2015/16/PFM/7 dated 03.06.2015, circular no. PERDA/2018/56/PF/2 dated 20th August 2018 and circular No. PFRDA/2018/02/PF/02 dated 08.05.2018 shall remain the same.

This circular is issued in exercise of powers of the Authority under sub-clause (b) of the sub-section (2) of section 14 of Pension Fund Regulatory and Development Authority Act, 2013 read with regulation 14 and 43 of PFRDA (Pension Fund) Regulation, 2015.

This would be effective from 01.04.2019.

sd/-
Venkateswarlu Peri
(Chief General Manager) View order

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National Pension System to Tripura Govt Employees https://cgstaffnews.in/national-pension-system-to-tripura-govt-employees/ https://cgstaffnews.in/national-pension-system-to-tripura-govt-employees/#respond Mon, 04 Feb 2019 04:33:40 +0000 http://www.cgstaffnews.in/?p=18839 Read more]]> National Pension System to Tripura Govt Employees

Implementation of NPS for employees recruited on or after 1.7.2018 | Tripura Govt Notification

GOVERNMENT OF TRIPURA
FINANCE DEPARTMENT
National Pension Scheme

No.F.9(1)(131)-Fin(E)/95(P)/STATE/14

Dated, Agartala, January, 2019

Memorandum

It has been decided by the Government of Tripura that the employees were recruited on or after 1st July,2018 shall come under the purview of National Pension Scheme (NPS)

2. It is essential for the employees under NPS to have permanent Retirement Account Number (PRAN) as mandated by the Scheme.

3. Those employees who have been recruited on or after 1st July,2018, if have obtained PRAN should immediately furnish their PRAN details to their respective Head of Offices/DDOs for inclusion in the HRMS.

4. Those employees who were recruited on or after 1st July,2018, have not obtained PRAN, shall apply for PRAN through their respective DDO in the enclosed NPS registration form for online submission of application for PRAN all the Head of Departments are requested to circulate the blank NPS Registration form to all employees through their respective DDO who shall take necessary steps for online submission of application for PRAN. All the HoD are also requested to enclose copy of NPS Registration Form along with offer of appointment letter to the future recruitees for submission of duly filled in NPS registration from to concerned DDO while joining in the service.

sd/-
(N.Darlong)
Finance Department
Government of Tripura

View order

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New Norms for Withdrawal of National Pension System (NPS) https://cgstaffnews.in/new-norms-for-withdrawal-of-national-pension-system-nps/ https://cgstaffnews.in/new-norms-for-withdrawal-of-national-pension-system-nps/#respond Sat, 22 Dec 2018 08:50:43 +0000 http://www.cgstaffnews.in/?p=17853 Read more]]> New Norms for Withdrawal of National Pension System (NPS)

“Minimum period for partial withdrawal has been reduced from 10 years to 3 years from the date of joining w.e.f. 10th August, 2017”

NPS Withdrawal Norms

The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Keeping in view the possibility of sudden financial needs of the subscribers, the requirement of minimum period under National Pension System (NPS) for availing the facility of partial withdrawal from the mandatory Tier-I account of the subscriber has been reduced from 10 years to 3 years from the date of joining w.e.f. 10th August, 2017. The minimum gap of 5 years between two partial withdrawals has also been removed w.e.f. 10th August, 2017.

A subscriber is eligible for three partial withdrawals during the period of subscription under NPS, each withdrawal not exceeding twenty-five percent of the contributions made by the subscriber and excluding contributions made by the employer. There is, however, no restriction on withdrawals from the Tier-II account of the subscriber.

The extent and purpose for which partial withdrawals from the Tier-I account under NPS are permissible are as under:

Purpose (i) for higher education and marriage of his or her children including a legally adopted child;

(ii ) for the purchase or construction of a residential house or flat in his or her own name or in a joint name with his or her legally wedded spouse. In case, the subscriber already owns either individually or in the joint name a residential house or flat, other than ancestral property, no withdrawal under these regulations shall be permitted;

(iii) for treatment of specified illnesses: if the subscriber, his legally wedded spouse, children, including a legally adopted child or dependent parents suffer from any specified illness, which shall comprise of hospitalization and treatment in respect of the following diseases:

(a) Cancer;

(b) Kidney Failure (End Stage Renal Failure);

(c) Primary Pulmonary Arterial Hypertension;

(d) Multiple Sclerosis;

(e) Major Organ Transplant

(f) Coronary Artery Bypass Graft;

(g) Aorta Graft Surgery;

(h) Heart Valve Surgery;

(i) Stroke;

(j) Myocardial Infarction;

(k) Coma;

(l) Total blindness;

(m) Paralysis;

(n) Accident of serious/ life threatening nature.

(o) Any other critical illness of a life threatening nature as stipulated in the circulars, guidelines or notifications issued by the Authority from time to time.

Towards meeting the expenses by subscriber for skill development/re-skilling or for any other self-development activities.

Towards meeting the expenses by subscriber for establishment of own venture or any start-ups.

To meet medical & incidental expenses arranging out of disability or incapacitation suffered.

Limits: The subscriber should have been in the National Pension System at least for a period of three years from the date of his or her joining; The subscriber shall be permitted to withdraw accumulations not exceeding twenty-five per cent of the contributions made by him or her and standing to his or her credit in his or her individual pension account, as on the date of application for withdrawal;

Frequency: The subscriber shall be allowed to make partial withdrawals for a maximum of three times during the entire tenure of subscription under the NPS. There is, however, no minimum time gap now stipulated between two partial withdrawals.

This was stated by Shri Ship Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today.

Source: PIB

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