• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Govtempdiary

Govtempdiary is a prominent source of news for Central government employees

  • Home
  • Aicpin
  • Recent Post
  • DA From July 2023
  • Pay Matrix
  • Dopt orders
  • Recent Govt Orders
  • DA News


Pay Matrix7th Pay Commission Calculator
Dopt Order 2023Recent govt order
8th Pay commission NewsMACP Calculator
Gratuity CalculatorKV Fees Online
CGE Holiday 2023 PDFCGHS Rate list PDF
AicpinDA From July 2023

Setting up of NPS oversight mechanism – RBA No. 15/2020

March 23, 2022 GEDWEBZIP

Setting up of NPS oversight mechanism – RBA No. 15/2020

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)

RBA No. 15/2020

No. 2019/AC-II/21/9

New Delhi, dated: 27.02.2020

General Managers,
All Indian Railways and PUs

Sub: Setting up of NPS oversight mechanism
Ref: Board’s letter of even no. dated 22.07.2019 (RBA No. 58/2019)

Please connect Board’s letter under reference requesting Railways to set up Committee comprising of FA&CAC in charge of NPS, Dy. CPO and Dy. FA&CAO to ensure the following:

i. Ensuring that the contributions of employees and the Government are credited without delay to the NPS financial architecture both in case of existing employees and employees newly recruited from time to time and the existing system and procedure being followed for the purpose shall be monitored effectively to ensure that no delay in credit of the contributions takes place,

ii. Ensuring that in case any grievance by any employee is received in regard to delay in credit of contribution, either directly from the employee or through PFRDA, the same has been looked into and disposed of in a manner to the satisfaction of the concerned employees.

iii.Any other matter as having a bearing on the issue of crediting/remittance of NPS contributions,

iv. Devise its own mechanism as also appropriate checks and balances to ensure that NPS contributions are credited on time in respect of all employees under NPS system.

v. The Committee shall meet at least-once in 3 months to review the progress and in case any slippages are notices, it shall take immediate corrective action. However, the concerned officers shall keep a watch over the progress on a regular basis.
READ PFRDA Circular on Option for Complete Withdrawal in case of exit at the age of Superannuation or 60 Years – Request cum undertaking form

The letter envisaged review of the NPS processes on above parameters and submission of quarterly report by 1st of the month following each quarter. The replies received from the Railways are, however, very general in nature, not adequate to establish status of compliance on Railways. It is, therefore, requested that the Committee may review the position w.r.t. the desired parameters and send a report in the enclosed format to facilitate correct assessment of the position. It may kindly be noted that with the new rules, delay in remittances of NPS fund shall how attract penal interest,

Kindly ensure compliance.

DA: As above.

(Anjali Goyal)
Pr. Executive Director Accounts
Railway Board

Download Setting up of NPS oversight mechanism - RBA No. 15/2020 PDF

Share this:

  • Email
  • Tweet
  • WhatsApp

Related

Filed Under: CGE Latest News, Dopt Orders 2023 | Department of Personnel & Training, National Pension System (NPS), RAILWAYS, Superannuation March 23, 2022

Primary Sidebar

CALCULATORS

  • Expected DA Calculator from July 2023
  • 7th pay commission calculator [updated]
  • Salary Hike Calculator for Government Employees
  • Promotion/MACP Option form Calculator
  • Next MACP Calculator
  • 7th Pay Commission Pension Calculator
  • GPF Interest Calculator 2022-23
  • Age Calculator
  • Gratuity Calculator
  • HRA Exemption Calculator

Pay Matrix

  • Defence Personnel
  • MNS Officers
  • Tamil nadu
  • Rajasthan
  • Odisha
  • Gujarat
  • Haryana
  • Jharkhand
  • Madhya Pradesh
  • Nagaland
  • Tripura
  • Uttrakhand
  • Assam
  • Bihar
  • CSD Car Price List 2023
  • Maruti CSD Car Price
  • afd.csdindia.gov.in login

Secondary Sidebar

Recent Posts

  • Pay Protection for State Govt/High Court Employees Joining Lower-level Central Govt Positions
  • Inclusion of Additional Categories under RBE No. 155/2022
  • New TDS Regulations for Mahila Samman Savings Certificate
  • Updated Guidelines for KYC/AML/CFT in relation to POSB – SB Order No. 12/2023
  • Update on the Merger of PA (SBCO) and PA (FPO) with PA (PO)

Footer

Copyright© 2010–2023

Central Government Employees News - Govtempdiary