News for New Pension Scheme Employees
The Government of India’s Central Public Works Department has issued an OM dated 20 March 2023 regarding the coverage under the Central Civil Services (Pension) Rules of Central Government employees who were recruited before 22 December 2003
NPS was introduced by the Government of India in 2003 to replace the defined benefit pension system with a defined contribution pension scheme
Informing all zonal railways and production units that railway employees who were recruited before December 22, 2003, can opt for the Railway Services (Pension) Rules, 1993 instead of the NPS
The Food Corporation of India (FCI) has issued a circular on February 13, 2023, providing clarification on the provisions under the Income Tax Act of 1961 related to the National Pension System
The Government of Tripura’s Department of Finance has issued a memorandum regarding the partial withdrawal of NPS contribution.