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National Pension System (NPS)

Number of subscribers in NPS status as on March 2, 2013

March 11, 2013 by rajasinghmurugesan Leave a Comment

National Pension System Status – March 2013 A. Sector wise NPS status as on March 2, 2013 SI. No. Employer/Sector   Number of subscribers Corpus under NPS(In crore) 1. Central Government   11 25,871 17,047 2. State Government   15 85,349 9,780 3. Private Sector   2 02,679 1,254 4. NPS-Lite   15 79,690 412 […]

Filed Under: National Pension System (NPS)

NPS- Corporate Sector Model – Discontinuation of ‘Corporate- CG scheme.’ for new corporates joining NPS

February 15, 2013 by rajasinghmurugesan Leave a Comment

Pension Fund Regulatory and Development AuthorIty1st Floor, ICADR BulldIng, PIot No. 6. Vasant KunjInstitutional Area Phase II, New Delhi-110070 CIRCULAR PFRDA/2012-13/04/CORP/2 Date 12th February 2013 SUBJECT : NPS- Corporate Sector Model – Discontinuation of ‘Corporate- CG scheme.’ for new corporates joining NPS. It has been decided, with immediate effect, to withdraw the option of Corporate- […]

Filed Under: National Pension System (NPS)

Master Circular on Product design and Exit from National Pension System (NPS)

February 10, 2013 by rajasinghmurugesan Leave a Comment

MASTER CIRCULAR -MAIN SUBJECT Withdrawal of erroneous contribution received into NPS instead of GPF. Exit rules under National Pension System for Government Employee Subscribers Exit rules under National Pension System for All Citizen model under UoS including Corporates Processing of withdrawal requests of Non IRA Compliant subscribers Additional Benefit on death/disability of government servant covered […]

Filed Under: National Pension System (NPS), Pay Rules

Scrap the New Pension Scheme

November 22, 2012 by rajasinghmurugesan Leave a Comment

Confederation of central government employees and workers |  explanatory note on demands POINT NO.14 Scrap the New Pension Scheme The defined benefit scheme of pension was introduced replacing the then existing contributory system decades back. .  The Government decided to reconvert the same into a contributory scheme on the specious plea that the outflow on […]

Filed Under: National Pension System (NPS) Tagged With: New Pension Scheme

PFRDA to appoint auditors for pension fund managers

November 5, 2012 by rajasinghmurugesan Leave a Comment

PFRDA to appoint auditors for pension fund managers To keep a tighter check on investments, the pension regulator has decided to appoint auditors for the pension fund managers (PFMs) and schemes of the National Pension System (NPS). Fund managers will also be expected to make full disclosure of scheme-wise investments on their websites. “As the […]

Filed Under: National Pension System (NPS), NPS Tagged With: Pension fund managers, PFRDA, PFRDA latest news

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