Not Possible to Revert Back to Old Pension Scheme It is not possible for the government to revert back to old pension scheme – Minister replied in Parliament on 24.7.2018 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 … Read more
Reversion to old pension scheme Ministry of Personnel, Public Grievances & Pensions Reversion to old pension scheme In accordance with the scheme for National Pension System (NPS), as notified vide Ministry of Finance (Department of Economic Affairs)’s Notification No. 5/7/2003-ECB & PR dated 22.12.2003, the System is mandatory for all new recruits to the Central … Read more
Important Announcements and Approvals in Board Meeting of PFRDA “Modification in Partial Withdrawal rules under NPS & Increasing cap on equity investment in active choice to 75% from current 50% for Private Sector Subscribers” Ministry of Finance Important Announcements and Approvals in Board Meeting of PFRDA Pension Fund Regulatory and Development Authority (PFRDA) is established … Read more
Minimum Guaranteed Pension under National Pension System (NPS) – BPMSREF: BPMS/17th TC/NPS/Cir/33 REF: BPMS/17th TC/NPS/Cir/33 Dated: 31.03.2018 To, The Office Bearers and CEC Members Bharatiya Pratiraksha Mazdoor Sangh & The President/ General Secretary Unions affiliated to the federation Subject: One day Agitational Programme on 24.04.2018 on Minimum Guaranteed Pension under National Pension System (NPS). Dear … Read more
NPS subscribers can withdraw after three years “The NPS subscribers can withdraw after three years from the date of joining the system and a maximum of three times during the entire tenure of subscription under NPS” Partial Withdrawal under NPS The Pension Fund Regulatory Development Authority (PFRDA) has relaxed the norms for partial withdrawal under … Read more