DoPPW issues notification for Central Government employees covered under the NPS

Hello friends TIMESSERAQUEEUTENHO, on this occasion the admin wants to share an article entitled DoPPW issues notification for Central Government employees covered under the NPS, we have made good, quality and useful articles for you to read and take information in. hopefully the post content is about National Pension System (NPS), which we write you can understand. Alright, happy reading.

 Ministry of Personnel, Public Grievances & Pensions

DoPPW issues notification for Central Government employees covered under the NPS

Posted On: 31 MAR 2021 5:16PM by PIB Delhi

DoPPW has brought out the notification for regulating the service matters of Central Government employees covered under the National Pension System. 

The New Defined Contribution based Pension Scheme was introduced  vide Department of Economic Affairs Notification No. 5/7/2003-ECB & PR dated 22nd December, 2003.Thereafter the activities under the National Pension System viz. registration, contribution, investment, fund management, withdrawals, annuity, etc. are regulated by the PFRDA Act, 2013. 

However, there were several service matters pertaining the NPS employees which were not covered by the PFRDA Act. Therefore, in order to streamline the implementation of NPS, DoPPW initiated the proposal for framing of separate service rules for NPS employees.

 The present notification provides a detail guideline for  processing various  benefits /facility available to NPS employees such as compensation to be paid to the Government servant in case of delay in registration and credit of contributions to the NPS Account,Option for benefits under the CCS(Pension) Rules or NPS Rules in the event of death or disability of Government servant during service,Benefits payable on retirement on superannuation, premature retirement, voluntary retirement, absorption in autonomous body or PSU, etc.

Earlier  the benefits of invalid pension, family pension on death during service, disability pension  and extraordinary family pension were extended to NPS covered Government employees at par with the employees appointed before 01.01.2004, vide DoPPW’s O.M. No. 38/41/06-P&PW(A) dated 05.05.2009.  Thereafter, the  benefits of Retirement Gratuity and Death Gratuity have also been extended to all Central Government employees covered by National Pension System vide DoPPW’s order dated 26.08.2016 on the same terms and conditions as are applicable under CCS(Pension) Rules.



That's the article: DoPPW issues notification for Central Government employees covered under the NPS
Thank you for visiting my blog, hopefully it can be useful for all of you. Don't forget to share this article with your friends so they also know the interesting info, see you in other article posts.

You are now reading the article DoPPW issues notification for Central Government employees covered under the NPS with link address https://viralupdateonline.blogspot.com/2021/04/doppw-issues-notification-for-central.html

More Articles

Post a Comment

Previous Post Next Post