Gratuity Pay under New Pension System Press Information Bureau Government of IndiaMinistry of Finance 03-May-2013 16:54 IST Gratuity Pay under New Pension System Death-cum-Retirement Gratuity is paid to Central Government employees under New Pension System (NPS) as it is paid under the old pension scheme. The monthly annuity under the New Pension System (NPS) … Read more
PFRDACIRCULAR PFRDA/2013/9/PFM/3 Date: 17-Apr-2013 Sub: Clarifications on Investment Guidelines for Private Sector NPS In response to queries received from Pension Fund Managers seeking clarification of clauses noted in Schedule – II of the Investment Management Agreement for Private Sector, the Authority has decided to issue the following clarifications which shall take immediate effect and shall … Read more
CRA reduces AMC by almost 20% and transaction charges by more than 16% CRA had reduced Annual Maintenance Charges (AMC) from Rs. 350 to Rs. 280 and Transaction Charges from Rs. 10 to Rs. 6 once the number of accounts (PRANs) crossed 10 lakhs. It was committed to reduce the charges once the number of … Read more
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY Sub: Circular on replacing the existing facility of ‘Phased Withdrawal’ with ‘Deferred Withdrawal’ Feedback is being received from various stakeholders that the subscribers be given a specific option to defer or time the entire lump sum withdrawal (max 60%) at the time of exit from National Pension System … Read more
INVESTMENT GUIDELINES FOR PRIVATE SECTOR NPS 1. Guidelines 1.1 The PF will manage the following separate schemes, each investing in a different asset class, being: Asset class E (equity market instruments) — (a)The investment by an NPS participant in this asset class would be subject to a cap of 50%. This asset class will be … Read more