14% Government Contribution in NPS – Gazette Notification

14% Government Contribution in NPS – 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” MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 31st January, … Read more

General Provident Fund Scheme to NPS Employees by Optional Basis

General Provident Fund Scheme to NPS Employees by Optional Basis  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 … Read more

Monitoring Committees Watch NPS Contributions Credited On Time – Setting up of NPS oversight mechanism

Monitoring Committees Watch NPS Contributions Credited On Time Setting up of NPS oversight mechanism GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (RAILWAY BOARD) RBA No.85/2019 No.2014/AC-H/21/6 Vol.I New Delhi, dated: 22.07.2019 General Managers, All Indian Railways/PUSs etc. Sub: Setting up of NPS oversight mechanism Timely credit of deduction made from the salary of Central Government employees … Read more

Amendment to the investment Guidelines to all NPS Scheme

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 … Read more

Old and new pension scheme for railway employees

Railway employees whose selection for the appointment was finalized before 1.1.2004 but who joined Railway service on or after 1.1.2004 National Federation of Indian Railwaymen (NFIR) writes a detailed letter to the Secretary Railway Board on 16 March 2020 regarding the above subject. The letter is reproduced and given below for your ready reference: NFIR … Read more

Employee Pension Scheme Limitation

Minimum Pension Under Employees’ Pension Scheme (EPS) 1995 The Government had, for the first time, provided a minimum pension of Rs.1000/- per month to the pensioners under Employees’ Pension Scheme (EPS), 1995 from 01.09.2014 by providing additional budgetary support. In addition, Government provides budgetary support of 1.16% of wages of the member to the Employees’ … Read more