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		<title>Option to avail benefits under OPS to All India Service officers covered under the NPS in the event of death during service or discharge from service on account of invalidation or disablement</title>
		<link>https://centralgovernmentnews.com/option-to-avail-benefits-under-ops-to-all-india-service-officers-covered-under-the-nps-in-the-event-of-death-during-service-or-discharge-from-service-on-account-of-invalidation-or-disablement/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sat, 21 Jun 2025 15:21:27 +0000</pubDate>
				<category><![CDATA[NPS]]></category>
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					<description><![CDATA[<p>Latest DoPT Orders 2025 No.25014/01/2024-AIS-II(Pension)Government of IndiaMinistry of Personnel, Public Grievances &#38; PensionsDepartment of Personnel and Training North Block, New DelhiDated 09 May, 2025 OFFICE MEMORANDUM Subject:- Grant of option to avail benefits under old pension scheme to All India Service officers covered under the National Pension System in the event of death during service [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/option-to-avail-benefits-under-ops-to-all-india-service-officers-covered-under-the-nps-in-the-event-of-death-during-service-or-discharge-from-service-on-account-of-invalidation-or-disablement/">Option to avail benefits under OPS to All India Service officers covered under the NPS in the event of death during service or discharge from service on account of invalidation or disablement</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<figure class="wp-block-image size-full"><a href="https://centralgovernmentnews.com/wp-content/uploads/2025/06/Pension_Option_Notice_AIS_Officers.jpg"><img fetchpriority="high" decoding="async" width="600" height="600" src="https://centralgovernmentnews.com/wp-content/uploads/2025/06/Pension_Option_Notice_AIS_Officers.jpg" alt="Option to avail benefits under OPS to All India Service officers covered under the NPS in the event of death during service or discharge from service on account of invalidation or disablement" class="wp-image-42326" srcset="https://centralgovernmentnews.com/wp-content/uploads/2025/06/Pension_Option_Notice_AIS_Officers.jpg 600w, https://centralgovernmentnews.com/wp-content/uploads/2025/06/Pension_Option_Notice_AIS_Officers-300x300.jpg 300w, https://centralgovernmentnews.com/wp-content/uploads/2025/06/Pension_Option_Notice_AIS_Officers-150x150.jpg 150w, https://centralgovernmentnews.com/wp-content/uploads/2025/06/Pension_Option_Notice_AIS_Officers-100x100.jpg 100w" sizes="(max-width: 600px) 100vw, 600px" /></a></figure>



<h2 class="wp-block-heading has-text-align-center">Latest DoPT Orders 2025</h2>



<p class="has-text-align-center">No.25014/01/2024-AIS-II(Pension)<br />Government of India<br />Ministry of Personnel, Public Grievances &amp; Pensions<br />Department of Personnel and Training</p>



<p class="has-text-align-right">North Block, New Delhi<br />Dated 09 May, 2025</p>



<p class="has-text-align-center"><strong>OFFICE MEMORANDUM</strong></p>



<h3 class="wp-block-heading">Subject:- Grant of option to avail benefits under old pension scheme to All India Service officers covered under the National Pension System in the event of death during service or discharge from service on account of invalidation or disablement.</h3>



<p>Sir/Ma’am,</p>



<p>I am directed to say that in accordance with rule 10 of the Central Civil Services (Implementation of National Pension System) Rules, 2021, every Government servant covered under the National Pension System (NPS) shall, at the time of joining Government service, exercise an option in Form 1 for availing benefits under the NPS or under the CCS (Pension) Rules or the CCS (Extraordinary Pension) Rules in the event of his death or boarding out on account of disablement or retirement on invalidation. Government servants, who are already in Government service and are covered by the NPS, shall also exercise such an option. The Department of Pension and Pensioners’ Welfare vide O.M. No.57/03/2022-P&amp;PW(B)/8361 dated 26.10.2022 has issued instructions for implementation of rule 10 of the CCS (Implementation of NPS) Rules, 2021.</p>



<p>2. The applicability of the provisions of the aforesaid O.M. dated 26.10.2022 to members of All India Services covered under NPS has been considered by this Department and it has been decided to make the provisions of the aforesaid Office Memorandum of Department of Pension and Pensioners’ Welfare applicable, mutatis-mutandis, to the members of All India Services covered under the National Pension System, till the finalization of All India Services (Implementation of National Pension System) Rules.</p>



<p>3. You are requested that the above provisions regarding the option to be exercised may be brought to the notice of members of All India Services covered under NPS. The detailed procedure is enclosed as&nbsp;<strong>Annexure</strong>.</p>



<p>Enclosed: (1)</p>



<p>Yours faithfully,</p>



<p class="has-text-align-right">(Bhupinder Pal Singh)<br />Under Secretary to Government of India<br />011-2309 4714</p>



<p class="has-text-align-center">******</p>



<p class="has-text-align-center"><strong>ANNEXURE</strong></p>



<h3 class="wp-block-heading">Subject: Option to avail benefits under old pension scheme to All India Service officers covered under the National Pension System in the event of death during service or discharge from service on account of invalidation or disablement.</h3>



<p>(1) Every member of service covered under the National Pension System shall, at the time of joining service, exercise an option in Form 1 for availing benefits under the National Pension System or under the All India Services (Death-cum-Retirement Benefits) Rules, 1958 or the Central Civil Services (Extraordinary Pension) Rules, in the event of his death or boarding out on account of disablement or retirement on invalidation. The members of service, who are already in Government service and are covered by the National Pension System, shall also exercise such option as soon as possible after the issuance of these instructions.</p>



<p>(2) The option shall be exercised to the Head of Office or any other designated authority for the aforesaid purpose who will accept the same after verifying all the facts submitted therein and place it in the service book.</p>



<p>(3) A copy of the option shall be forwarded by the Head of Office or any other designated authority for the purpose to the Central Recordkeeping Agency through the Accounts Officer or the designated authority for the purpose and the Pay and Accounts Officer or State Nodal Officer for their record. The Pay and Accounts Officer or State Nodal Officer shall also make suitable entry in the online system indicating the details regarding the option exercised by the member of service.</p>



<p>(4) (a) (i) Every member of service shall, along with the option in Form 1, also submit details of family in Form 2 to the Head of Office or any other designated authority for the aforesaid purpose;</p>



<p>(ii) if the member of service has no family, he shall furnish the details in Form 2 as soon as he acquires a family.</p>



<p>(b) The member of service shall communicate to the Head of Office or any other designated authority for the purpose, duly supported by a Medical Certificate from a Medical Officer, not below the rank of a Civil Surgeon. This may be indicated in by the Head of Office or any other designated authority for the purpose.</p>



<p>(ii) As and when the claim for family pension arises, the legal guardian of the child may make an application, supported by a fresh medical certificate from a Medical Officer, not below the rank of Civil Surgeon, that the child still suffers from the disability.</p>



<p>(d) (i) The Head of Office or any other designated authority for the purpose shall, on receipt of the Form 2, acknowledge receipt of the Form 2 and all further communications received from the member of service in this behalf, countersign it indicating the date of receipt and get it pasted on the service book of the member of service concerned;</p>



<p>(ii) The Head of Office or any other designated authority for the purpose on receipt of communication from the member of service regarding any change in the size of family shall incorporate such a change in Form 2.</p>



<p>(5) (i) The option exercised under paragraph (1) may be revised any number of times by the subscriber before his retirement by making a fresh option intimating his revised option to the Head of Office or any other designated authority for the purpose and on receipt of the revised option, the Head of Office or any other designated authority for the purpose and the Pay and Accounts Officer shall take further action as mentioned in paragraph (2);</p>



<p>(ii) A subscriber who is discharged on invalidation or disability shall be given an opportunity to submit a fresh option at the time of such discharge;</p>



<p>(iii) Where such subscriber does not exercise a fresh option or is not in a position to exercise fresh option at the time of discharge, the option already exercised by the subscriber shall become operative;</p>



<p>(iv) Where no option was exercised by the subscriber and the subscriber is not in a position to exercise an option at the time of discharge, his case will be regulated in accordance with paragraph (7).</p>



<p>(6) In the case of death of a subscriber while in service, the last option exercised by the deceased subscriber before his death shall be treated as final and the family shall have no right to revise the option.</p>



<p>(7) (i) Where a subscriber who did not exercise an option under paragraph (1) dies before completion of service of fifteen years or within three years of the issuance of these instructions, his family will be granted family pension in accordance with the provisions of the All India services (Death-cum-Retirement Benefits) Rules, 1958 or the Central Civil Services (Extraordinary Pension) Rules, as the case may be, as default option;</p>



<p>(ii) Where a subscriber is discharged from Government service on invalidation or disability before completion of service of fifteen years or within three years of the issuance of these instructions without exercising an option under paragraph (1), and is also not in a position to exercise an option at the time of discharge, he will be granted invalid pension or disability pension in accordance with the provisions of the All India Services (Death-cum-Retirement Benefits) Rules, 1958 or the Central Civil Services (Extraordinary Pension) Rules, as the case may be, as default option;</p>



<p>(iii) In all other cases, where no option was exercised by the subscriber, the claim of the subscriber, on discharge from the service and that of the family on death of the subscriber, shall be regulated in accordance with the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under National Pension System) Regulations, 2015, as default option.</p>



<p>(8) In cases where the option exercised by the deceased subscriber in accordance with paragraph (1) or the default option in accordance with paragraph (7) for benefit under the All India Services (Death-cum-Retirement Benefits) Rules, 1958 or the Central Civil Services (Extraordinary Pension) Rules, becomes infructuous on account of non-availability of an eligible member of the family for grant of family pension under the All India Services (Death-cum-Retirement Benefits) Rules, 1958 or the Central Civil Services (Extraordinary Pension) Rules, such option would be deemed to have become invalid and the benefits admissible under the National Pension System shall be granted to the legal heir(s) of the employee in accordance with the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under National Pension System) Regulations, 2015.</p>



<p>(9) A copy of Form 1 and Form 2 is enclosed.</p>
<p>The post <a href="https://centralgovernmentnews.com/option-to-avail-benefits-under-ops-to-all-india-service-officers-covered-under-the-nps-in-the-event-of-death-during-service-or-discharge-from-service-on-account-of-invalidation-or-disablement/">Option to avail benefits under OPS to All India Service officers covered under the NPS in the event of death during service or discharge from service on account of invalidation or disablement</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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		<title>Unified Pension Scheme (UPS) FAQ 2025 &#8211; PFRDA NPS Guidelines &#038; Clarifications</title>
		<link>https://centralgovernmentnews.com/unified-pension-scheme-ups-faq-2025-pfrda-nps-guidelines-clarifications/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sun, 13 Apr 2025 18:20:50 +0000</pubDate>
				<category><![CDATA[NPS]]></category>
		<category><![CDATA[PFRDA]]></category>
		<category><![CDATA[Unified Pension Scheme]]></category>
		<category><![CDATA[UPS]]></category>
		<category><![CDATA[UPS FAQ 2025]]></category>
		<guid isPermaLink="false">https://centralgovernmentnews.com/?p=42239</guid>

					<description><![CDATA[<p>UPS FAQ 2025 This FAQ document is intended solely for informational and reference purposes, based on the PFRDA (Operationalisation of UPS under NPS) Regulations, 2025. While every effort has been made to ensure the accuracy of the information provided, this document should not be considered a legal interpretation or a substitute for the official regulations, [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/unified-pension-scheme-ups-faq-2025-pfrda-nps-guidelines-clarifications/">Unified Pension Scheme (UPS) FAQ 2025 &#8211; PFRDA NPS Guidelines &amp; Clarifications</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center"><strong>UPS FAQ 2025</strong></p>



<p>This FAQ document is intended solely for informational and reference purposes, based on the <em>PFRDA (Operationalisation of UPS under NPS) Regulations, 2025</em>. While every effort has been made to ensure the accuracy of the information provided, this document should not be considered a legal interpretation or a substitute for the official regulations, circulars, or notifications issued by the Pension Fund Regulatory and Development Authority (PFRDA) or the Government of India.</p>



<p>Users are advised to refer to the relevant statutory documents and consult professional advisors for specific queries or decisions.</p>



<ul class="wp-block-list">
<li>Frequently Asked Questions (FAQs) &#8211; Unified Pension Scheme (UPS)</li>



<li>FAQs related to Contributions under UPS</li>



<li>FAQs related to Investment of Contributions</li>



<li>FAQs related to Benefits under UPS</li>



<li>FAQs related to operational issues on Payment of Benefits under UPS</li>
</ul>


<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://centralgovernmentnews.com/wp-content/uploads/2025/04/Unified-Pension-Scheme-UPS-FAQ-2025-PFRDA-NPS-Guidelines-Clarifications.png"><img decoding="async" width="1024" height="1024" src="https://centralgovernmentnews.com/wp-content/uploads/2025/04/Unified-Pension-Scheme-UPS-FAQ-2025-PFRDA-NPS-Guidelines-Clarifications.png" alt="UPS FAQ 2025" class="wp-image-42240" srcset="https://centralgovernmentnews.com/wp-content/uploads/2025/04/Unified-Pension-Scheme-UPS-FAQ-2025-PFRDA-NPS-Guidelines-Clarifications.png 1024w, https://centralgovernmentnews.com/wp-content/uploads/2025/04/Unified-Pension-Scheme-UPS-FAQ-2025-PFRDA-NPS-Guidelines-Clarifications-300x300.png 300w, https://centralgovernmentnews.com/wp-content/uploads/2025/04/Unified-Pension-Scheme-UPS-FAQ-2025-PFRDA-NPS-Guidelines-Clarifications-150x150.png 150w, https://centralgovernmentnews.com/wp-content/uploads/2025/04/Unified-Pension-Scheme-UPS-FAQ-2025-PFRDA-NPS-Guidelines-Clarifications-768x768.png 768w, https://centralgovernmentnews.com/wp-content/uploads/2025/04/Unified-Pension-Scheme-UPS-FAQ-2025-PFRDA-NPS-Guidelines-Clarifications-100x100.png 100w" sizes="(max-width: 1024px) 100vw, 1024px" /></a><figcaption class="wp-element-caption">UPS FAQ 2025</figcaption></figure>
</div>


<h2 class="wp-block-heading has-text-align-center"><strong>Frequently Asked Questions (FAQs) &#8211; Unified Pension Scheme (UPS)</strong></h2>



<p><strong>1. What is Unified Pension Scheme (UPS)?</strong></p>



<p>The Unified Pension Scheme (UPS) is introduced by the Central Government as an option under the National Pension System (NPS) for Central Government employees with effect from 1st April 2025. The UPS provides assured pay-out based on the prescribed conditions.</p>



<p><strong>2. Whether existing central government employee is eligible to opt for UPS?</strong></p>



<p>Yes, an existing Central Government employee in service as of 1 April 2025, who are covered under National Pension System (NPS) is eligible to opt for UPS.</p>



<p><strong>3. Whether newly recruited Central government employee is eligible to opt for UPS?</strong></p>



<p>Yes, a newly recruited Central Government employees joining service on or after 1 April 2025 is eligible to opt for UPS.</p>



<p><strong>4. Whether Central government employee retired prior to 31 March 2025 is eligible to opt for UPS?</strong></p>



<p>Yes, a Central Government employee who was covered under NPS retired on or before 31st March 2025 and who meets prescribed conditions i.e.</p>



<p>(i) Who has superannuated after minimum 10 years of qualifying service or</p>



<p>(ii) Has retired under Fundamental Rules 56(j) (which is not treated as penalty under Central Civil Services (Classification, Control and Appeal) Rules, 1965), on or before 31st March 2025, or</p>



<p>(iii) The legally wedded spouse as on date of superannuation/retirement of deceased subscriber eligible under UPS.</p>



<p><strong>5. What are the forms to be filled by eligible Central Government employee to opt for UPS?</strong></p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td><strong>Name of Form</strong></td><td><strong>Eligibility</strong>&nbsp;<strong>to opt UPS</strong></td></tr><tr><td>Form A1</td><td>Newly recruited Central Government employees joining service on or after 1st April 2025.</td></tr><tr><td>Form A2</td><td>Exercise of Option by an eligible Central Government employee presently subscribed to National Pension System (NPS) for being covered under Unified Pension Scheme (UPS).</td></tr></tbody></table></figure>



<p><strong>6. From where the forms for enrollment under UPS can be obtained?</strong></p>



<p>The forms A1, A2, along with the instructions and list of documents to be attached can be downloaded from the website of the Protean CRA at, www.npscra.nsdl.co.in/ups.php</p>



<p><strong>7. What are timelines to exercise the option of UPS under NPS by an eligible existing (as on 31.03.2025) Central Govt employee?</strong></p>



<p>Option has to be exercised within three (03) months from 1st April 2025, or within such extended timelines if any, allowed by the Central Government.</p>



<p><strong>8. What are timelines to exercise the option of UPS under NPS by an eligible retired (as on 31.03.2025) Central Govt employee?</strong></p>



<p>Option has to be exercised within three (03) months from 1st April 2025, or within such extended timelines if any, allowed by the Central Government.</p>



<p><strong>9. What are timelines to exercise the option of UPS under NPS by the legally wedded spouse as on date of superannuation/retirement in case of a subscriber who has superannuated or retired and has demised prior to exercising the option for UPS.?</strong></p>



<p>Option has to be exercised within three (03) months from 1st April 2025, or within such extended timelines if any, allowed by the Central Government.</p>



<p><strong>10. What are timelines to exercise the option of UPS under NPS by new recruit to the Central Govt services joining on or after 1st April 2025?</strong></p>



<p>Option has to be exercised within thirty (30) days from the date of joining Central Government services or within such extended timelines, if any, allowed by the Central Government.</p>



<p><strong>11. Can the option of UPS be changed subsequently?</strong></p>



<p>No, once exercised, the option to choose UPS is final and irrevocable.</p>



<p><strong>12. What happens if the employee fails to opt for UPS within the specified time period?</strong></p>



<p>An eligible person, who does not exercise the UPS option under NPS within the timelines laid down shall be deemed to have opted to continue under NPS without UPS option.</p>



<p><strong>13. What is Permanent Retirement Account Number (PRAN) under UPS?</strong></p>



<p>PRAN is a Permanent Retirement Account Number allocated to subscriber opening/opting for UPS, and under which all the transactions are recorded by the CRA system.</p>



<p><strong>14. What are the proofs of Identity and address documents required in form for opening UPS account?</strong></p>



<p>Identity and address proof are the key KYC documents. Any one of the following to be submitted:</p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Passport</td><td>Driving License</td><td>Voter ID Card</td><td>CKYC Number</td></tr><tr><td colspan="2">National Population Register</td><td colspan="2">Proof of possession of Aadhaar</td></tr></tbody></table></figure>



<p><strong>15. Where the option form/ account opening forms under UPS is to be submitted by the subscriber?</strong></p>



<p>The form can be submitted online or physically to the Head of Office / DDO where the subscriber is employed. Subscribers are advised to retain the acknowledgement slip signed/stamped by the designated respective nodal office where they submit the application</p>



<p><strong>16. Whether there is online process for enrolment under UPS?</strong></p>



<p>Yes, subscriber can submit their request for enrolment online by filing required forms through CRA website. Once it is submitted, the form goes to the DDO and then to PAO for verification.</p>



<p><strong>17. What are the details to be filled by Nodal Office in the account opening form for UPS?</strong></p>



<p>Employment Details (At the time of exercise of UPS option)</p>



<ol class="wp-block-list">
<li>
<ol class="wp-block-list">
<li>Date of joining</li>



<li>Date of Superannuation</li>



<li>Date of commencement of qualifying service</li>



<li>Employee Code/ID</li>



<li>Basic Pay</li>



<li>Pay Scale (Optional)</li>



<li>Name of the office</li>



<li>Department</li>



<li>Ministry</li>



<li>DDO Registration Number</li>



<li>PAO / CDDO / Pr.AO Registration Number.</li>
</ol>
</li>
</ol>



<p><strong>18. What is qualifying service under UPS?</strong></p>



<p>Qualifying service shall be the completed months for which UPS subscriber has rendered regular services under the Central Government, determined by the Head of Office, in terms of Regulation 13 of the PFRDA (Operationalization of Unified Pension Scheme under National Pension System) Regulations, 2025.</p>



<p><strong>19. Where the forms are to be submitted/processed by the nodal office?</strong></p>



<p>Through the online system of the CRA.</p>



<p><strong>20. How the subscriber can obtain the status of his/her application?</strong></p>



<p>The Subscriber can obtain the status of his/her application from CRA and respective Nodal Office.</p>



<p><strong>21. Will UPS subscribers still be able to open/ maintain/ hold voluntary NPS Tier-I/ II accounts?</strong></p>



<p>Yes, subscribers of UPS can voluntarily maintain NPS Tier-I and Tier-II accounts under “All Citizen Model” along with UPS as a separate account within same PRAN number.</p>



<h2 class="wp-block-heading has-text-align-center">FAQs related to Contributions under UPS</h2>



<p><strong>22. How much is monthly contribution under UPS?</strong></p>



<p>The monthly contribution of employee will be 10% of (basic pay + DA) along with matching contribution by employer, is to be credited to each employee’s PRAN through the concerned nodal office.</p>



<p>Further, an estimated 8.5%contribution towards Pool Corpus shall be paid by Central Government, on aggregate basis.</p>



<p><strong>23. What will happen to my existing corpus on migration from NPS to UPS?</strong></p>



<p>On migration from NPS to UPS, the corpus of the subscriber will get transferred to the PRAN tagged to UPS.</p>



<p><strong>24. On migration from NPS to UPS, whether new PRAN will be issued?</strong></p>



<p>On migration from NPS to UPS, the subscriber shall be identified by the erstwhile PRAN tagged to UPS.</p>



<p><strong>25. What is Individual Corpus and Benchmark Corpus?</strong></p>



<p>Individual Corpus means the value of corpus available in the PRAN of a subscriber under UPS.</p>



<p>Benchmark Corpus is a notional value computed by CRA for comparison with individual corpus. It is based on NAV of the default investment. (For more details, Regulation 12 and Illustrations in Schedules to the Regulations, may be referred).</p>



<p><strong>26. What are the timelines to be followed by the govt nodal offices for processing and remittance of contributions under UPS?</strong></p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td><strong>Particulars</strong></td><td><strong>TATs</strong></td></tr><tr><td>DDO shall deduct the contribution from the salary of the Central Government employee and send the bill to the PAO or Cheque Drawing and Disbursing Officer (CDDO) as the case maybe along with the details of contribution deducted in respect of each UPS Subscriber</td><td>on or before the twentieth (20th) day of each month.</td></tr><tr><td>The PAO or the CDDO as the case may be shall prepare and upload a Subscriber Contribution File (SCF) and generate transaction ID in the system of the CRA,</td><td>on&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; or&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; before&nbsp; the twenty fifth (25th) day of each month.</td></tr><tr><td>The PAO or the CDDO as the case may be, shall remit the employee contribution and matching co-contribution by the Central Government to the trustee bank through the accredited bank</td><td>by the last working day of each month.for the month of March, shall be remitted on the first (1st) working day of the month of April.</td></tr><tr><td>First contribution of a newly recruited Central Government employee shall be credited to the individual PRAN</td><td>within twenty (20) days from the date of submission of&nbsp;application or by the&nbsp;last date of the month,&nbsp;in which the Central Government&nbsp;employee joined, whichever is later.</td></tr></tbody></table></figure>



<p><strong>27. What is Pool Corpus under UPS?</strong></p>



<p>The government contributes an estimated 8.5% towards a Pool Corpus based on aggregate employee data.</p>



<p>The Pool Corpus shall comprise of: –</p>



<ol class="wp-block-list">
<li>
<ol class="wp-block-list">
<li>additional Central Government contribution at an estimated eight and half percent of Basic Pay (including non-practicing allowance, wherever applicable) plus Dearness Allowance, on aggregate basis of all employees who have chosen the UPS option;</li>



<li>transfer of balance from the individual corpus of a subscriber as per regulation 19 (3); and</li>



<li>any other contribution defined by the Central Government.</li>
</ol>
</li>
</ol>



<p><strong>28. How is the Pool Corpus managed?</strong></p>



<p>The Pool Corpus shall be allocated to such pension fund(s) as determined by the Central Government, who shall invest the funds in accordance with the investment pattern and related aspects thereto, as approved by the Central Government.</p>



<h2 class="wp-block-heading has-text-align-center">FAQs related to Investment of Contributions</h2>



<p><strong>29. Can an employee select the pension fund and investment pattern under UPS?</strong></p>



<p>Yes, employees can choose from registered pension funds and investment patterns, including default patterns defined by PFRDA.</p>



<p><strong>30. What happens if an employee does not choose a pension fund?</strong></p>



<p>In such cases, the employee will be assigned the default pension fund and investment pattern defined by PFRDA.</p>



<p><strong>31. What are the options of investment choices for individual corpus other that default pattern?</strong></p>



<ol class="wp-block-list">
<li>Option to invest hundred percent of the funds in Government securities (Scheme G); or</li>



<li>Option of any one of the following Life Cycle based schemes:</li>
</ol>



<p>(a) Conservative Life Cycle Fund with maximum exposure to equity capped at twenty- five percent. LC-25; or</p>



<p>(b) Moderate Life Cycle Fund with maximum exposure to equity capped at fifty percent. LC-50.</p>



<p><strong>32. How many times the choice of pension fund and investment choice can be exercised in a financial year?</strong></p>



<p>UPS Subscriber shall have an option to change</p>



<ul class="wp-block-list">
<li>
<ul class="wp-block-list">
<li>the choice of pension fund once in a financial year and</li>



<li>investment choice twice in a financial year.</li>
</ul>
</li>
</ul>



<p><strong>33. How Benchmark Corpus is calculated?</strong></p>



<p>Benchmark corpus shall be computed in the following manner:</p>



<p>(i) Partial withdrawals made out of individual corpus and voluntary contributions made into the individual corpus shall not be considered in the computation.</p>



<p>(ii) For contributions received prior to 1st April, 2025: monthly contributions shall be considered as and when they have been received and be valued on default pattern.</p>



<p>(iii) For contributions received on or after 1st April, 2025:</p>



<p>(a) monthly contributions which are to be received in that month, shall be considered as and when received during the month and valued on default pattern.</p>



<p>(b) In the event of any missing contribution in any month, value shall be based on the weighted average NAV of default pattern as on the last working day of the month applied to monthly contributions of previous full month.</p>



<p>(iv) Contributions arising from arrears, such as arrears of Dearness Allowance shall be considered and valued on the default pattern as and when they are received.</p>



<p><strong>34. Will the subscriber be informed of corpus value updates?</strong></p>



<p>Yes, CRA will provide details of the individual corpus and benchmark corpus in the PRAN account statement periodically.</p>



<h2 class="wp-block-heading has-text-align-center">FAQs related to Benefits under UPS</h2>



<p>35. How is the assured payout calculated under UPS?</p>



<ul class="wp-block-list">
<li>The rate of full <strong>assured payout</strong> will be @50% of 12 monthly average basic pay, immediately prior to superannuation, payable after a minimum 25 years of qualifying service.</li>



<li>In case of lesser qualifying service period, proportionate payout would be admissible.</li>



<li>A <strong>minimum guaranteed payout</strong> of Rs. 10,000 per month shall be assured in case superannuation is after 10 years or more of qualifying service subject to timely and regular credit of contributions and no withdrawals.</li>



<li>In cases of voluntary retirement after a minimum 25 years of qualifying service, assured payout will commence from the date on which the employee would have superannuated if he had continued in service.</li>
</ul>



<p><strong>Assured Payout</strong>&nbsp;= (½ of P) × (Q/300)</p>



<ul class="wp-block-list">
<li><strong>P</strong> = Average of Basic Pay for the last 12 months before retirement.</li>



<li>Q = Number of qualifying service months.</li>
</ul>



<p>If Q is:</p>



<ul class="wp-block-list">
<li>Less than 120 months → UPS benefits do not apply.</li>



<li>More than 300 months → Q is capped at 300 months.</li>
</ul>



<p><strong>36. When will the payout commence in case of voluntary retirement?</strong></p>



<p>In cases of&nbsp;<strong>voluntary retirement</strong>&nbsp;after a minimum 25 years of qualifying service, assured payout will commence from the date on which the employee would have superannuated if he had continued in service.</p>



<p><strong>37. What is the amount of minimum guaranteed payout under UPS?</strong></p>



<p>A minimum guaranteed payout of Rs. 10,000 per month is guaranteed after completing 10 years of service.</p>



<p><strong>38. Will the assured payout under UPS reduce in case of reduction in qualifying service?</strong></p>



<p>Yes, in case of Qualifying service period of ten years or more, but less than twenty-five years, proportionate payout shall be payable.</p>



<p><strong>39. Under what conditions shall the assured payout reduce?</strong></p>



<p>Assured payout shall be proportionately reduced in any or both of the following cases –</p>



<p>a)&nbsp;<strong>Individual corpus is less than the benchmark corpus</strong>&nbsp;as on the date of superannuation or voluntary retirement or retirement under Fundamental Rules 56(j), as may be applicable;</p>



<p>b)&nbsp;<strong>Final withdrawal not exceeding sixty percent of the individual corpus</strong>, as opted by a subscriber. The assured payout so proportionately reduced shall be payable&nbsp;<strong>as admissible payout.</strong></p>



<p><strong>40. What is Admissible Payout?</strong></p>



<p>The assured payout so proportionately reduced shall be payable as admissible payout. The formula for calculating admissible payout is as under:</p>



<p>Admissible Payout = Assured Payout x IC/BC x (1-FW%), where, IC= value of Individual<br />Corpus, BC= value of Benchmark Corpus, with condition of IC ≤ BC</p>



<p>FW= Final withdrawal in percentage points (maximum upto sixty percent of IC or BC, whichever is lower).</p>



<p><strong>41. What is Family Payout under UPS?</strong></p>



<p>Upon demise of a UPS Subscriber who was receiving admissible payout or top-up amount, as the case may be, the legally wedded spouse as on date of superannuation/retirement of such deceased subscriber shall receive for life, family pay out of sixty percent of the amount of the admissible payout or top-up amount drawn by the subscriber immediately prior to the demise.</p>



<p><strong>42. Subscriber who was eligible to receive UPS benefits but has not claimed any benefits prior to demise, whether spouse of such deceased UPS subscriber is eligible to receive UPS benefits?</strong></p>



<p>Yes, the legally wedded spouse shall be eligible to receive the benefits payable to deceased subscriber till the date of his/her demise. Thereafter, the spouse shall be eligible for family pay out of&nbsp;<em>sixty percent</em>&nbsp;of the amount eligible to be received by such subscriber immediately prior to the demise.</p>



<p><strong>43. What are the benefits available under UPS, to superannuated or retired employees covered under National Pension System on or before 31st March 2025?</strong></p>



<p>Employee who complies with the requirements under regulation 4 and regulation 19 shall be eligible to receive the following benefits –</p>



<p>a) lumpsum payment;</p>



<p>b) monthly top-up amounts payable immediately after the date of superannuation or retirement;</p>



<p>c) applicable dearness relief; and</p>



<p>d) simple interest as per applicable Public Provident Fund rates on arrears with respect to above benefits for the past period from the month after superannuation up to the month preceding the submission of claim forms.</p>



<p>Further, no interest shall be payable for the period beyond the last date of submission of option or claim as per clause (ii) of regulation 3.</p>



<p>The benefits specified under sub-regulation (1) shall be in addition to the benefits availed or accrued to such employee under NPS including annuity, if any under NPS.</p>



<p><strong>44. How the monthly top-up amount is calculated for employees already retired on or before 31st March 2025 and receiving annuity under NPS?</strong></p>



<p>Such employees will receive monthly top-up amount, which will be calculated as follows: Monthly top-up = (Admissible Payout + Dearness Relief on Admissible Payout)- Representative Annuity amount</p>



<p><strong>45. What is Representative Annuity rate &amp; amount?</strong></p>



<p>Representative Annuity rates for the period from January 2014 to March 2025 are provided under Schedule VI of PFRDA (Operationalization of Unified Pension Scheme under National Pension System) Regulations, 2025.</p>



<p>Representative annuity amount= (IC) x (1-FW%) *(Representative Annuity Rate)/ (12*100). In case IC is greater than BC, IC shall be taken as equal to BC.</p>



<p><strong>46. What benefits available and when payable under UPS to subscriber/Spouse?</strong></p>



<p><strong>Table- 1 (UPS subscriber who superannuated/retired on or before 31/03/2025)</strong></p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td rowspan="2"><strong>Type</strong>&nbsp;<strong>of</strong>&nbsp;<strong>Benefit</strong></td><td colspan="3"><strong>UPS subscriber who superannuated/retired on or before 31/03/2025</strong></td></tr><tr><td><strong>By</strong>&nbsp;<strong>subscriber</strong></td><td><strong>By</strong>&nbsp;<strong>spouse</strong>&nbsp;<strong>(deceased</strong>&nbsp;<strong>subscriber already availed</strong>&nbsp;<strong>benefits)</strong></td><td><strong>By</strong>&nbsp;<strong>spouse</strong>&nbsp;<strong>(deceased subscriber not</strong>&nbsp;<strong>availed benefits)</strong></td></tr><tr><td><strong>Claim Forms</strong></td><td><strong>B2</strong></td><td><strong>B4</strong></td><td><strong>B6</strong></td></tr><tr><td><strong>Lumpsum payout</strong>&nbsp;<strong>(1/10</strong><strong>th&nbsp;</strong>of last drawn basic pay + DA) for every completed 06 months</td><td>Upon submission of claim form and its authorization by PAO, payable as on date of superannuation/ retirement, along with interest.</td><td>Not applicable</td><td>Upon submission of claim form and its authorization by PAO, payable as on date of superannuation/retirement, along with interest.</td></tr><tr><td><strong>Final</strong>&nbsp;<strong>withdrawa</strong>&nbsp;<strong>amount</strong>&nbsp;<strong>(</strong>maximum 60% of IC or BC whichever is lower)</td><td>Not applicable, as already settled under NPS.</td><td>Not applicable, as already settled under NPS.</td><td>Not applicable, as already settled under NPS.</td></tr><tr><td><strong>Monthly Top-up</strong>&nbsp;<strong>amount</strong>&nbsp;(including DR)</td><td>Upon submission of claim form and its authorization by PAO, payable immediately after date of superannuation/ retirement, along with arear and interest.</td><td>Upon submission of claim form and its authorization by PAO, Monthly Family Pay out (60 % of top-up amount payable to subscriber) payable immediately after demise of subscriber.Adjustment of excess monthly top up paid for subscriber upto the date of commencement of family payout, if any, shall be made</td><td>Upon submission of claim form and its authorization by PAO, Monthly Family Pay- out (60 % of top-up amount payable to subscriber), payable immediately after demise of subscriber.Arrears upto date of commencement of Family Payout (including arrears of monthly top up payout payable to subscriber)</td></tr></tbody></table></figure>



<p><strong>Table- 2 (UPS subscriber who superannuated/retired on or after 01/04/2025)</strong></p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td rowspan="2"><strong>Type</strong>&nbsp;<strong>of</strong>&nbsp;<strong>Benefit</strong></td><td colspan="3"><strong>UPS subscriber who superannuated/retired on or after 01/04/2025</strong></td></tr><tr><td><strong>By</strong>&nbsp;<strong>subscriber</strong></td><td><strong>By</strong>&nbsp;<strong>spouse</strong>&nbsp;<strong>(deceased</strong>&nbsp;<strong>subscriber</strong>&nbsp;<strong>already</strong>&nbsp;<strong>availed benefits)</strong></td><td><strong>By</strong><strong>&nbsp;spouse (deceased subscriber</strong>&nbsp;<strong>not</strong>&nbsp;<strong>availed benefits)</strong></td></tr><tr><td><strong>Claim Forms</strong></td><td><strong>B1</strong></td><td><strong>B3</strong></td><td><strong>B5</strong></td></tr><tr><td><strong>Lumpsum payout</strong>&nbsp;<strong>(1/10</strong><strong>th</strong><strong>&nbsp;</strong>of las drawn basic pay + DA) for every completed 06 months</td><td>Upon submission of claim form and its authorization by PAO, payable as on date of superannuation/retirement</td><td>Not applicable</td><td>Upon submission of claim form and its authorization by PAO payable as on date o superannuation/retirement.</td></tr><tr><td><strong>Final withdrawa</strong>&nbsp;<strong>amount</strong>&nbsp;<strong>(maximum</strong>&nbsp;<strong>60%</strong>&nbsp;<strong>of</strong>&nbsp;<strong>IC</strong>&nbsp;<strong>or</strong>&nbsp;<strong>BC</strong>&nbsp;<strong>whichever</strong>&nbsp;<strong>is</strong>&nbsp;<strong>lower)</strong></td><td>Upon submission of claim form and its authorization by PAO, payable as on date of superannuation/ retirement.</td><td>Not applicable</td><td>Upon submission of claim form and its authorization by PAO payable as on date of superannuation/retirement.</td></tr><tr><td><strong>Monthly</strong>&nbsp;<strong>Admissible</strong>&nbsp;<strong>Payout</strong></td><td>Upon submission of claim form and its authorization by PAO, payable immediately after date of superannuation/retirement under FR 56 (j). In case of voluntary retirement payable from the deemed date of superannuation.</td><td>Upon submission of claim form and its authorization by PAO, Monthly Family Pay-out (60 % of monthly payout to subscriber) payable immediately after demise of subscriber.Adjustment of excess monthly top up paid for subscriber upto the date o commencement of family payout, if any, shall be made</td><td>Upon submission of claim form and its authorization by PAO Monthly Family Pay-out (60 % o monthly payout payable to subscriber), payable immediately after demise of subscriber.Arrears upto date of commencement of Family Payout (including arrears of monthly payout payable to subscriber)</td></tr><tr><td><strong>Excess, if any, of</strong>&nbsp;<strong>Individual</strong>&nbsp;<strong>Corpus</strong><strong>&nbsp;<em>vis-a-vis</em></strong>&nbsp;<strong>Benchmark</strong>&nbsp;<strong>Corpus</strong></td><td>Upon submission of claim form and its authorization by PAO, payable as on date of superannuation/retirement.</td><td>Not applicable</td><td>Upon submission of claim form and its authorization by PAO payable as on date of superannuation /retirement.</td></tr></tbody></table></figure>



<p><strong>47. Who are eligible to receive assured payouts under UPS?</strong></p>



<p>Assured Payout shall be available only in the following cases, namely: –</p>



<p>(a) In case of an employee superannuating&nbsp;<strong>after qualifying service of 10 years</strong>, from the date of superannuation;</p>



<p>(b) In case of the Government retiring an employee under the provisions of FR 56 (j) (which is not a penalty under Central Civil Services (Classification, Control and Appeal) Rules, 1965) from the&nbsp;<strong>date of such retirement</strong>; and</p>



<p>(c) In case of voluntary retirement after a&nbsp;<strong>minimum qualifying service period of 25 years</strong>, from the date such employee would have superannuated, if the service period had continued to superannuation.</p>



<p><strong>48. Who can claim family payout under UPS?</strong></p>



<p>Only the legally wedded spouse as on date of superannuation/retirement of the deceased UPS subscriber whose name appears as such in the service records as on the date of superannuation or voluntary retirement or retirement under Fundamental Rules 56(j), as may be applicable, and who is surviving the deceased subscriber is eligible for claiming family payout under UPS.</p>



<p><strong>49. Whether the spouse of the subscriber married after the date of superannuation, is eligible for family payout?</strong></p>



<p>No, only the legally wedded spouse as on date of superannuation/retirement is eligible for family payout.</p>



<p><strong>50. Is there any provision for lump-sum payment under UPS?</strong></p>



<p>Yes, a lump-sum amount equivalent to one-tenth of the last drawn basic pay (plus NPA and DA) is paid for every completed 6-month period of qualifying service.</p>



<p>Lumpsum Payment = (E/10) x L, where; Emoluments (E) = {Basic Pay (including non-practicing allowance, if applicable) + DA}</p>



<p>Length of service (L) = number of completed six months of qualifying service as certified by Head of Office.</p>



<p>Explanation: For the purpose of calculation of every completed six months of qualifying service, any period less than six months shall not be considered.</p>



<p><strong>51. Is there any option to withdraw an amount under UPS at the time of retirement and to what extent?</strong></p>



<p>Yes, UPS Subscriber shall have an option of final withdrawal for an amount not exceeding sixty percent (60%) of the individual corpus or benchmark corpus, whichever is lower, available in the PRAN tagged to UPS as on the date of superannuation or voluntary retirement or retirement, subject to proportionate reduction in the assured payout payable to such UPS Subscriber.</p>



<p><strong>52. What and how much is final withdrawal percentage?</strong></p>



<p>UPS Subscriber shall also have an option to withdraw an amount not exceeding sixty percentage of the individual corpus or benchmark corpus, whichever is lower, available in the PRAN tagged to UPS as on the date of superannuation or voluntary retirement or retirement under Fundamental Rules 56(j), as may be applicable subject to proportionate reduction in the assured payout payable to such UPS Subscriber.</p>



<p><strong>53. How the final withdrawal amount shall be calculated in case Individual Corpus is more than the benchmark corpus?</strong></p>



<p>Final withdrawal of up to 60% of the individual corpus or benchmark corpus (whichever is lower) is allowed as on date of Superannuation or Voluntary retirement or retirement under 56(j).</p>



<p><strong>54. When will final withdrawal be admissible?</strong></p>



<p>Such final withdrawal shall be admissible on the date of superannuation or voluntary retirement or retirement under Fundamental Rules 56(j).</p>



<p><strong>55. How is Dearness Relief applied under UPS?</strong></p>



<p>Dearness Relief as declared by the Central Government from time to time, will be applicable on admissible payout and family payout. Dearness Relief shall be payable only when admissible payout commences.</p>



<p><strong>56. Whether benefits under UPS are receivable if the employee has been removed or dismissed or has resigned from the service?</strong></p>



<p>No, Assured Payout shall not be available in case of removal or dismissal from service or resignation of the employee. In such cases, the Unified Pension Scheme option shall not apply.</p>



<p><strong>57. Can a subscriber make partial withdrawals during the service period?</strong></p>



<p>Yes, partial withdrawals up to 25% of self-contribution (excluding returns) are allowed after completion of lock-in period of three years from the date of enrolment under UPS or NPS whichever is earlier, for specified purposes.</p>



<p><strong>58. What purposes are allowed for partial withdrawal under UPS?</strong></p>



<p>Higher education of children, marriage of children, purchase/construction of residential house, medical emergencies, disability-related expenses, and skill development.</p>



<p><strong>59. How many times can partial withdrawals be made under UPS?</strong></p>



<p>A maximum of three times, including withdrawals made under NPS before opting for UPS.</p>



<p><strong>60. Is there any option to replenish the partial withdrawal made under UPS?</strong></p>



<p>Yes, the subscriber has the option to replenish the partially withdrawn amount before retirement.</p>



<h2 class="wp-block-heading has-text-align-center"><strong>FAQs related to operational issues on Payment of Benefits under UPS</strong></h2>



<p><strong>61. How are UPS benefits claimed after retirement/death of the subscriber?</strong></p>



<p>The subscriber or legally wedded spouse as on date of superannuation/retirement of the subscriber, as the case may be, must submit the relevant application forms to the Head of Office or DDO.</p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td><strong>To</strong>&nbsp;<strong>be Submitted by</strong></td><td><strong>Form</strong>&nbsp;<strong>No.</strong></td><td><strong>Conditions</strong>&nbsp;<strong>to apply</strong></td></tr><tr><td>Subscriber</td><td>B1</td><td>who superannuated or retired on or after 1st April 2025</td></tr><tr><td>Subscriber</td><td>B2</td><td>who superannuated or retired on or before 1st April 2025</td></tr><tr><td colspan="3"><strong>In</strong>&nbsp;<strong>case of Death of the subscriber</strong></td></tr><tr><td>Spouse of the deceased subscriber</td><td>B3</td><td>who superannuated or retired on or after 1st April 2025 and eligible for UPS benefits and subscriber had already availed benefits under UPS</td></tr><tr><td>Spouse of the deceased subscriber</td><td>B4</td><td>who superannuated or retired on or before 31st March 2025 and eligible for UPS benefits and subscriber had already availed benefits under UPS</td></tr><tr><td>Spouse of the deceased subscriber</td><td>B5</td><td>who superannuated or retired on or after 1st April 2025and eligible for UPS benefits and subscriber had not availed benefits under UPS</td></tr><tr><td>Spouse of the deceased subscriber</td><td>B6</td><td>Who superannuated or retired on or before 31st March 2025 and eligible for UPS benefits and subscriber had not availed benefits under UPS</td></tr></tbody></table></figure>



<p><strong>62. What is UPS Payout Order (UPO)?</strong></p>



<p>The UPS Payout order contains the details of the benefits payable to a UPS Subscriber.</p>



<p><strong>63. Who will authorize UPS payout order?</strong></p>



<p>The UPO shall be authorized by the respective PAO and sent to the National Pension System Trust through CRA.</p>



<p>A copy of such UPS Payout Order shall simultaneously be made available to the UPS Subscriber or the legally wedded spouse as on date of superannuation/retirement, as the case may be.</p>



<p>a) Upon receipt of UPS Payout Order by National Pension System Trust together with option of final withdrawal if any by the UPS subscriber, the National Pension System Trust shall authorize the release of UPS benefits as specified under these regulations and authorise the transfer of the balance in the individual corpus to pool corpus.</p>



<p>b) The National Pension System Trust shall ensure payment of monthly payout from the Pool Corpus to the bank account of the UPS subscriber and periodic release of applicable dearness relief. For this purpose, CRA shall intimate to the pension fund to effect redemption from the Pool Corpus for payment of such payout to the subscriber.</p>



<p><strong>64. What details are covered in UPS Payout Order (UPO)?</strong></p>



<p>a) requisite details of UPS Subscriber including particulars of legally wedded spouse as on date of superannuation/retirement of such subscriber as appearing in the service records,</p>



<p>b) the period of qualifying service;</p>



<p>c) Details of joint bank account of the UPS Subscriber and legally wedded spouse as on date of superannuation/retirement;</p>



<p>d) Percentage of final withdrawal upto sixty percent of individual corpus or benchmark corpus, whichever is lower, as opted by UPS Subscriber;</p>



<p>e) Details of benefits applicable under UPS as specified under these regulations, such as:</p>



<ol class="wp-block-list">
<li>
<ol class="wp-block-list">
<li>lumpsum payment;</li>



<li>excess, if any, of individual corpus vis-à-vis benchmark corpus</li>



<li>assured payout;</li>



<li>admissible payout;</li>



<li>Top-up amount (applicable for retirees on or after 31.03.2025)</li>



<li>family payout;</li>



<li>applicable dearness relief.</li>
</ol>
</li>
</ol>



<p>f) the date of commencement of admissible payout to subscriber.</p>



<p><strong>65. How UPS Payout Order and monthly payouts shall be processed?</strong></p>



<p>NPS Trust shall authorize release of benefits upon receipt of UPS Payout Order.</p>



<p>Further, the NPS Trust shall ensure payment of monthly payout from the Pool Corpus to the bank account of the UPS Subscriber and periodic release of applicable dearness relief.</p>



<p><strong>66. What is the role of nodal offices and the CRA in processing of claims under UPS?</strong></p>



<p>a) The CRA shall make available the details of partial withdrawals made if any, by superannuated or retired employee, and value of individual corpus and benchmark corpus as on the date of superannuation or retirement to DDO and PAO in their CRA system login.</p>



<p>b) The DDO shall update the records in CRA system after obtaining necessary details, if required from Head of Office and forward the same to PAO for its authorization in such system.</p>



<p>c) Based on the verification of subscriber details by Head of Office, the PAO shall issue a UPS Payout order, as per Form B1, B3 or B5, as applicable, containing details as specified under regulation 20.</p>



<p>d) Upon receipt of UPS Payout Order by National Pension System Trust together with option of final withdrawal if any by the UPS subscriber, the National Pension System Trust shall authorise the release of UPS benefits as specified under these regulations and authorise the transfer of the balance in the individual corpus to pool corpus.</p>



<p>The National Pension System Trust shall ensure payment of monthly payout from the Pool Corpus to the bank account of the UPS subscriber and periodic release of applicable dearness relief. For this purpose, CRA shall intimate to the pension fund to effect redemption from the Pool Corpus for payment of such payout to the subscriber.</p>



<p class="has-text-align-center"><strong><a href="https://centralgovernmentnews.com/wp-content/uploads/2025/04/UPS-FAQ-2025.pdf" target="_blank" rel="noreferrer noopener">Download Unified Pension Scheme (UPS) FAQ 2025 PDF</a></strong></p>
<p>The post <a href="https://centralgovernmentnews.com/unified-pension-scheme-ups-faq-2025-pfrda-nps-guidelines-clarifications/">Unified Pension Scheme (UPS) FAQ 2025 &#8211; PFRDA NPS Guidelines &amp; Clarifications</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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		<title>IRTSA &#8211; Restoration on Old Pension Scheme OPS for all Central Government Employees</title>
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		<pubDate>Mon, 16 Dec 2024 16:36:19 +0000</pubDate>
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					<description><![CDATA[<p>Comparison of UPS, NPS and OPS: IRTSA Demand dated 18.11.2024 INDIAN RAILWAYS TECHNICAL SUPERVISORS’ ASSOCIATION No:IRTSA/Memo-32 Date:18.11.2024 Hon’ble Minister for FinanceGovernment of India Hon’ble Minister for RailwaysGovernment of India Respected Madam/Sir, Sub: Restoration on Old Pension Scheme (OPS) for all Central Government Employees. 1) IRTSA brings to your kind notice on the concerns of the [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/irtsa-restoration-on-old-pension-scheme-ops-for-all-central-government-employees/">IRTSA &#8211; Restoration on Old Pension Scheme OPS for all Central Government Employees</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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<p>Comparison of UPS, NPS and OPS: IRTSA Demand dated 18.11.2024</p>



<p class="has-text-align-center"><strong>INDIAN RAILWAYS TECHNICAL SUPERVISORS’ ASSOCIATION</strong></p>



<p>No:IRTSA/Memo-32</p>



<p class="has-text-align-right">Date:18.11.2024</p>



<p class="has-text-align-center">Hon’ble Minister for Finance<br />Government of India</p>



<p class="has-text-align-center">Hon’ble Minister for Railways<br />Government of India</p>



<h3 class="wp-block-heading">Respected Madam/Sir,</h3>



<p>Sub: <strong>Restoration on Old Pension Scheme (OPS) for all Central Government Employees.</strong></p>



<p>1) IRTSA brings to your kind notice on the concerns of the Central Government Employees in getting stability, dignity and financial security after their retirement which should be equal for all pensioners and family pensioners in the form of Old Pension Scheme (OPS).</p>



<p>2) The Unified Pension Scheme (UPS) will be implemented from 1st April 2025 and is expected to cover 23 lakh Central Government employees. Government says UPS will provide stability, dignity and financial security for government employees and their family post-retirement, ensuring their well-being and a secure future. But all these objectives of UPS will not satisfy the basic principle of “Equal Pay for Equal Work” since pension is a deferred wage.</p>



<p>3) In the past on many occasions, judgements of the Hon’ble Supreme Court of India strongly recommended pension payment practice. The Supreme Court held that pension is a valuable right vested on Government employees. Refusal, reduction, forfeiture of pension not allowed unless on extreme conditions.</p>



<p>4) 5th Pay Commission in para 127.6 of its report said that, “It needs to be averted emphatically that pension is not in the nature of alms being doled out to beggars. The senior citizens need to be treated with dignity and courtesy benefited their age. Pension is statutory, inalienable, legally enforceable right and the sweet of their brow has earned it. As such it should be fixed, revised, modified and changed in ways not entirely dissimilar to the salaries granted to Government employees”.</p>



<p>5) UPS assures 50% pension after completing 25 years of service, minimum pension of Rs.10,000 for 10 years of service, 60% of pension as family pension and pension, family pension &amp; minimum pension under UPS are made inflation proof. Still there are crucial short comings of UPS compared to OPS which are listed below,</p>



<ul class="wp-block-list">
<li>a) 50% Pension eligible on completion of 25 years, instead of 20 years in OPS. In OPS, rule 39 of CCS (Pension) Rules 2021 permits pension for Central Government employees retiring before completing 10 years of qualifying service.</li>



<li>b) Employees continue to contribute monthly 10% of basic pay + DA. Employee will not get return proportionate to his contribution except lump sum equal to 1/10th of last drawn monthly pay for every six months of completed service.</li>



<li>c) Inflation protection – Provides inflation protection by adjusting pensions based on the All-India Consumer Price Index for Industrial Workers (AICPI-IW). It is doubted that proposed DR may start from zero on 01.04.2025.</li>



<li>d) Commutation of pension and restoration of full pension not available in UPS.</li>



<li>e) Additional pension/family pension 20%, 30%, 40%, 50% and 100% after attaining the age 80, 85, 90, 95 and 100 years respectively available in OPS is not available in UPS.</li>



<li>f) Lump sum amount provided to employees in UPS upon superannuation, which is 1/10th of their last drawn monthly pay for every six months of completed service is very meagre compared with monthly contribution of 10% of basic pay + DA by employee.</li>



<li>g) If an employee takes voluntary retirement after completion of 25 years of service, he will be eligible to receive his pension only at superannuation age.</li>
</ul>



<p>6) There are three different types of pensions ie, OPS, NPS and UPS with different benefits extended to Central Government employees working in same post discharging same duties and responsibilities. Comparison of UPS, NPS and OPS is given in annexure.</p>



<p>7) This is in violation of Articles 14 &amp; 16 of constitution of India. Article-14 on Equality before law says that “the State shall not deny to any person equality before the law or the equal protection of the laws within the territory of India”. Article-16 on equality of opportunity in matters of public employment says that “there shall be equality of opportunity for all citizens in matters relating to employment or appointment to any office under the State”.</p>



<p>8) It is therefore requested that, all central Government employees may please be covered under OPS to maintain equality among employees and to provide stability, dignity and financial security after their retirement.</p>



<p>Thanking you, with regards,</p>



<p class="has-text-align-right">Yours’ truly</p>



<p class="has-text-align-right">K.V. RAMESH<br />General Secretary, IRTSA</p>



<p class="has-text-align-center"><strong>Annexure</strong></p>



<h3 class="wp-block-heading has-text-align-center">Comparison of UPS, NPS and OPS</h3>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td><strong>S.N.</strong></td><td><strong>Particulars</strong></td><td><strong>UPS</strong></td><td><strong>NPS</strong></td><td><strong>OPS</strong></td></tr><tr><td>1</td><td>Pension</td><td>50% of the average basic pay over the last 12 months of retirement for employees retiring with at least 25 years of service and proportionate pension benefits for employees with 10-25 years of service.</td><td>Pension amount depends on the investments made in the NPS investment scheme and the accumulated corpus.</td><td>50% of the last drawn salary or average earnings over the previous 10 months of service, whichever is more with at least 20 years of service.</td></tr><tr><td>2</td><td>Minimum pension</td><td>Rs. 10,000 per month for employees with at least 10 years of service.</td><td>Minimum pension amount depends on the investments made in the NPS scheme.</td><td>Rs. 9,000 per month for employees with at least 10 years of service.</td></tr><tr><td>3</td><td>Gratuity</td><td>Eligible</td><td>Eligible</td><td>Eligible</td></tr><tr><td>4</td><td>Family pension</td><td>In the case of the retiree’s death, 60% of the pension provided immediately before the demise is given to the family.</td><td>Family pension amount depends on the accumulated corpus and the chosen annuity plan.</td><td>30% of basic pay subject to the minimum of Rs.9000 per month.</td></tr><tr><td>5</td><td>Employer’s contribution</td><td>18.5% of basic pay + DA.</td><td>14% of basic pay + DA.</td></tr></tbody></table></figure>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>6</td><td>Employee’s contribution</td><td>10% of basic pay + DA.</td><td>10% of basic pay + DA.</td><td>No contribution to the pension fund.</td></tr><tr><td>7</td><td>Lump sum amount payment / Commutation of pension</td><td>A lump sum amount is provided to employees upon superannuation, which is 1/10th of their last drawn monthly pay for every six months of completed service.</td><td>60% of the NPS corpus can be withdrawn as a lump sum upon superannuation.</td><td>A lump sum amount could be taken at the time of retirement, not exceeding 40%, through commutation of pension.Full pension restores on completion of 15 years.In case of death of pensioner commutated portion will not be recovered.</td></tr><tr><td>8</td><td>Inflation protection</td><td>Provides inflation protection by adjusting pensions based on the All-India Consumer Price Index for Industrial Workers (AICPI-IW).Proposed DA may start from zero on 01.04.2025.</td><td>There is no provision for automatic DR increments to protect against inflation.</td></tr></tbody></table></figure>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>9</td><td>Additional pension / family pension</td><td>No mention about additional pension.</td><td>Not available.</td><td>Pension goes up by 20%, 30%, 40%,50% and 100% after attaining the age 80, 85, 90, 95 and 100years respectively.</td></tr><tr><td>10</td><td>Voluntary retirement on completion of qualifying service</td><td>If an employee takes voluntary retirement after completion of 25 years of service, he will be eligible to receive his pension only at superannuation age.</td><td>80% of corpus will be kept for annuity fund.</td><td>Will get all eligible settlement at the time of voluntary retirement after completing 20 years of service.</td></tr><tr><td>11</td><td>Risk factor</td><td>Risk-free as it provides an assured pension.</td><td>There are market risks as the returns depend on the performance of the market-linked funds.</td><td>Risk-free as it provides an assured pension.</td></tr><tr><td>12</td><td>Tax for contribution towards pension fund</td><td>May follow the system followed for NPS.</td><td>10% contribution by employee is taxable. Eligible for tax benefit for combined limit of Rs.1.5 lakh under 80C, 80CCC and 80CCD(1).</td><td>N.A</td></tr></tbody></table></figure>



<figure class="wp-block-image size-large"><a href="https://centralgovernmentnews.com/wp-content/uploads/2024/12/comparison-of-ups-nps-ops.jpg"><img decoding="async" width="792" height="1024" src="https://centralgovernmentnews.com/wp-content/uploads/2024/12/comparison-of-ups-nps-ops-792x1024.jpg" alt="Comparison of UPS, NPS and OPS" class="wp-image-42051" srcset="https://centralgovernmentnews.com/wp-content/uploads/2024/12/comparison-of-ups-nps-ops-792x1024.jpg 792w, https://centralgovernmentnews.com/wp-content/uploads/2024/12/comparison-of-ups-nps-ops-232x300.jpg 232w, https://centralgovernmentnews.com/wp-content/uploads/2024/12/comparison-of-ups-nps-ops-768x994.jpg 768w, https://centralgovernmentnews.com/wp-content/uploads/2024/12/comparison-of-ups-nps-ops-1187x1536.jpg 1187w, https://centralgovernmentnews.com/wp-content/uploads/2024/12/comparison-of-ups-nps-ops.jpg 1389w" sizes="(max-width: 792px) 100vw, 792px" /></a></figure>
<p>The post <a href="https://centralgovernmentnews.com/irtsa-restoration-on-old-pension-scheme-ops-for-all-central-government-employees/">IRTSA &#8211; Restoration on Old Pension Scheme OPS for all Central Government Employees</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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		<title>Entitlement on voluntary retirement from Government service in respect of Central Government employees covered under the National Pension System</title>
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		<pubDate>Sat, 19 Oct 2024 10:37:35 +0000</pubDate>
				<category><![CDATA[NPS]]></category>
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					<description><![CDATA[<p>National Pension System &#8211; DoP&#38;PW O.M. dated 11.10.2024 No. 57/03/2022-P&#38;P W(B)/8361(S)Government of IndiaMinistry of Personnel, Public Grievances and PensionsDepartment of Pension and Pensioners’ Welfare Lok Nayak Bhavan, Khan Market,New Delhi, Dated the 11th October, 2024 OFFICE MEMORANDUM Subject: Entitlement on voluntary retirement from Government service in respect of Central Government servant covered under the National [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/entitlement-on-voluntary-retirement-from-government-service-in-respect-of-central-government-employees-covered-under-the-national-pension-system/">Entitlement on voluntary retirement from Government service in respect of Central Government employees covered under the National Pension System</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center"><strong>National Pension System &#8211; DoP&amp;PW O.M. dated 11.10.2024</strong></p>



<p class="has-text-align-center">No. 57/03/2022-P&amp;P W(B)/8361(S)<br />Government of India<br />Ministry of Personnel, Public Grievances and Pensions<br />Department of Pension and Pensioners’ Welfare</p>



<p class="has-text-align-right">Lok Nayak Bhavan, Khan Market,<br />New Delhi, Dated the 11th October, 2024</p>



<p class="has-text-align-center"><strong>OFFICE MEMORANDUM</strong></p>



<h3 class="wp-block-heading">Subject: Entitlement on voluntary retirement from Government service in respect of Central Government servant covered under the National Pension System.</h3>



<p>The undersigned is directed to say that the Department of Pension and Pensioners’ Welfare has notified the Central Civil Services (Implementation of National Pension System) Rules, 2021 to govern the service related matters of Central Government civil employees covered under the National Pension System.</p>



<p>2. Rule 12 of the Central Civil Services (Implementation of NPS) Rules, 2021 provides for voluntary retirement from service and entitlement on voluntary retirement from Government service in respect of a Central Government servant covered under National Pension System. The rule provides that at any time after a Central Government employee covered under NPS has completed twenty years’ regular service, he may, by giving notice of not less than three months in writing to the appointing authority, retire from service.</p>



<p>3. The notice of voluntary retirement given under sub-rule (1) shall require acceptance by the appointing authority. However, where the appointing authority does not refuse to grant the permission for retirement before the expiry of the period specified in the said notice, the retirement shall become effective from the date of expiry of the said period.</p>



<p>4. Government servant may make a request in writing to the appointing authority to accept notice of voluntary retirement of less than three months giving reasons therefore. The appointing authority, on receipt of such a request, may consider the request for curtailment of the period of notice of three months on merits and if he is satisfied that the curtailment of the period of notice will not cause any administrative inconvenience, the appointing authority may relax the requirement of notice of three months.</p>



<p>5. Government servant who has chosen to retire under this rule and has given the necessary notice to that effect to the appointing authority, shall be precluded from withdrawing his notice except with the specific approval of such authority. However, the request for withdrawal shall be made at least fifteen days before the intended date of his retirement.</p>



<p>6. This rule shall not apply to a Government servant who, &#8211;</p>



<ul class="wp-block-list">
<li>(a) retires under the Special Voluntary retirement Scheme of Department of Personnel and Training relating to voluntary retirement of surplus employees as notified by their Office Memorandum No. 25013/6/2001-Fstt. (A) dated the 28th February, 2002 as amended from time to time; or</li>



<li>(b) retires from Government service for being absorbed in an autonomous body or a public sector undertaking.</li>
</ul>



<p>7. Government servant, on voluntary retirement from service, shall be entitled to benefits admissible under the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under National Pension System) Regulations, 2015 to the Subscriber retiring on superannuation.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><a href="https://centralgovernmentnews.com/wp-content/uploads/2024/10/voluntary-retirement-nps-doppw.jpg"><img loading="lazy" decoding="async" width="720" height="1024" src="https://centralgovernmentnews.com/wp-content/uploads/2024/10/voluntary-retirement-nps-doppw-720x1024.jpg" alt="voluntary retirement nps Doppw" class="wp-image-41976" srcset="https://centralgovernmentnews.com/wp-content/uploads/2024/10/voluntary-retirement-nps-doppw-720x1024.jpg 720w, https://centralgovernmentnews.com/wp-content/uploads/2024/10/voluntary-retirement-nps-doppw-211x300.jpg 211w, https://centralgovernmentnews.com/wp-content/uploads/2024/10/voluntary-retirement-nps-doppw-768x1092.jpg 768w, https://centralgovernmentnews.com/wp-content/uploads/2024/10/voluntary-retirement-nps-doppw.jpg 900w" sizes="auto, (max-width: 720px) 100vw, 720px" /></a></figure>
</div>


<p>8. If the Government servant intends to continue his Individual Pension Account or to defer payment of benefits under the National Pension System beyond the date of retirement, he shall exercise an option in this regard in accordance with the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under National Pension System) Regulations, 2015.</p>



<p>9. All Ministries/ Departments are requested that the above provisions regarding entitlement on voluntary retirement from Government service in respect of a Central Government servant covered under the National Pension System may be brought to the notice of the personnel dealing with the NPS matters of employees in the Ministry/ Department and attached/ subordinate offices thereunder, for strict implementation</p>



<p class="has-text-align-right">(S. Chakrabarti)<br />Under Secretary to the Government of India</p>



<p class="has-text-align-left">To<br />All Ministries /Departments/ Organisations,<br />(As per standard list)</p>
<p>The post <a href="https://centralgovernmentnews.com/entitlement-on-voluntary-retirement-from-government-service-in-respect-of-central-government-employees-covered-under-the-national-pension-system/">Entitlement on voluntary retirement from Government service in respect of Central Government employees covered under the National Pension System</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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		<title>DoPPW &#8211; Contribution by the Government employee to the National Pension System in respect to Central Government employees covered under NPS</title>
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		<pubDate>Fri, 11 Oct 2024 16:33:31 +0000</pubDate>
				<category><![CDATA[NPS]]></category>
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					<description><![CDATA[<p>NPS The undersigned is directed to say that Department of Pension and Pensioners’ Welfare has notified the Central Civil Services (Implementation of National Pension System) Rules, 2021 to govern service related matters of Central Government civil employees covered under National Pension System. Rule 6 of these rules deals with contributions by the Central Government employee [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/doppw-contribution-by-the-government-employee-to-the-national-pension-system-in-respect-to-central-government-employees-covered-under-nps/">DoPPW &#8211; Contribution by the Government employee to the National Pension System in respect to Central Government employees covered under NPS</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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										<content:encoded><![CDATA[
<p class="has-text-align-center"><strong>NPS</strong></p>



<p>The undersigned is directed to say that Department of Pension and Pensioners’ Welfare has notified the Central Civil Services (Implementation of National Pension System) Rules, 2021 to govern service related matters of Central Government civil employees covered under National Pension System. Rule 6 of these rules deals with contributions by the Central Government employee into the National Pension System.</p>



<p>2. In accordance with rule 6 of the Central Civil Services (Implementation of National Pension System) Rules, 2021, the National Pension System shall work on defined contribution basis. A Government employee shall make a contribution of ten per cent or such other percentage as may be notified from time to time, of his emoluments to the National Pension System every month. The amount of contribution payable shall be rounded off to the next higher rupee.</p>



<p>3. During the period of suspension, contribution may be made by the employee at his option. However, if in the final orders passed by the Government on conclusion of the inquiry, the period spent under suspension is treated as duty or leave for which leave salary is payable, contributions to the National Pension System shall be determined based on the emoluments which the employee becomes entitled to for the period of suspension. The difference of the amount of contribution to be deposited and the amount of contribution already deposited during the period of suspension, shall be credited to the Individual Pension Account of the Subscriber along with interest. The rate of interest for this purpose would be the rate of interest as decided by the Government from time to time for the Public Provident Fund deposits.</p>



<p>4. No contribution shall be made by the Subscriber during the period of absence from duty (whether on leave or otherwise) for which no pay or leave salary is payable.</p>



<p>5. During the period of transfer on deputation to a Department or organisation under the Central Government or the State Government, the Subscriber shall remain subject to these rules in the same manner, as if he was not so transferred or sent on deputation and will continue to contribute towards National Pension System based on emoluments worked out in accordance with rule 5 of these rules.</p>



<p>6. The Subscriber shall contribute toward National Pension System during the period spent under probation.</p>



<p>7. Deduction and crediting of contributions to the Individual Pension Account during foreign service in India or outside India, including deputation to United Nations’ Secretariat or other United Nations’ Bodies, the International Monetary Fund, the International Bank of Reconstruction and Development, or the Asian Development Bank or the Commonwealth Secretariat or any other International Organisation, shall be regulated in accordance with the instructions issued by the Department of Personnel and Training from time to time and the procedure laid down by the Pension Fund Regulatory and Development Authority (PFRDA).</p>



<p>8. The Drawing and Disbursing Officer shall deduct the contribution from the salary of the Government servant and send the bill to the Pay and Accounts Officer or Cheque Drawing and Disbursing Officer, as the case may be, along with details of contributions deducted in respect of each Subscriber on or before Twentieth day of each month.</p>



<p>9. (i) The Pay and Accounts Officer or the Cheque Drawing and Disbursing Officer, as the case may be, based on the details of contributions in respect of each Subscriber sent by the Drawing and Disbursing Officer to Pay and Accounts Officer or Cheque Drawing and Disbursing Officer under sub-rule (8), shall prepare and upload a Subscription Contribution File and generate a Transaction ID by twenty- fifth day of each month.</p>



<p>(ii) The Pay and Accounts Officer or the Cheque Drawing and Disbursing Officer, as the case may be, shall remit the contribution to the Trustee Bank through the Accredited Bank by the last working day of each month. However, the contribution for the month of March shall be remitted by the Pay and Accounts Officer or the Cheque Drawing and Disbursing Officer to the Trustee Bank through the Accredited Bank on the first working day of the month of April.</p>



<p>(iii) In case of delay in crediting of contribution to the Individual Pension Account of the Subscriber beyond the prescribed timeline due to factors not attributable to the Subscriber, the amount shall be credited to the Individual Pension Account of the Subscriber along with interest for the delayed period, as determined in accordance with rule 8 of these rules.</p>



<p>10. All Ministries/Departments are requested that the above provisions may be brought to the notice of the personnel dealing with the NPS matters of employees in the Ministry /Department and attached / subordinate offices thereunder, for strict implementation.</p>



<p class="has-text-align-right">(S. Chakrabarti)<br />Under Secretary to the Govt. of India</p>



<p>To<br />All Ministries/ Departments/ Organisations,<br />(As per standard list).</p>



<figure class="wp-block-image size-large"><a href="https://centralgovernmentnews.com/wp-content/uploads/2024/10/Contribution-by-the-Government-employee-to-the-NPS.jpg"><img loading="lazy" decoding="async" width="1282" height="1709" src="https://centralgovernmentnews.com/wp-content/uploads/2024/10/Contribution-by-the-Government-employee-to-the-NPS-edited.jpg" alt="Contribution by the Government employee to the National Pension System - DoPPW" class="wp-image-41952" srcset="https://centralgovernmentnews.com/wp-content/uploads/2024/10/Contribution-by-the-Government-employee-to-the-NPS-edited.jpg 1282w, https://centralgovernmentnews.com/wp-content/uploads/2024/10/Contribution-by-the-Government-employee-to-the-NPS-edited-225x300.jpg 225w, https://centralgovernmentnews.com/wp-content/uploads/2024/10/Contribution-by-the-Government-employee-to-the-NPS-edited-768x1024.jpg 768w, https://centralgovernmentnews.com/wp-content/uploads/2024/10/Contribution-by-the-Government-employee-to-the-NPS-edited-1152x1536.jpg 1152w" sizes="auto, (max-width: 1282px) 100vw, 1282px" /></a></figure>
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		<title>Cabinet approves Unified Pension Scheme &#8211; Salient features of the UPS</title>
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		<pubDate>Sun, 25 Aug 2024 16:53:14 +0000</pubDate>
				<category><![CDATA[Dearness Allowance]]></category>
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		<category><![CDATA[Assured family pension]]></category>
		<category><![CDATA[Assured minimum pension]]></category>
		<category><![CDATA[Assured pension]]></category>
		<category><![CDATA[DA]]></category>
		<category><![CDATA[Inflation indexation]]></category>
		<category><![CDATA[Superannuation]]></category>
		<category><![CDATA[Unified Pension Scheme]]></category>
		<category><![CDATA[UPS]]></category>
		<guid isPermaLink="false">https://centralgovernmentnews.com/?p=41854</guid>

					<description><![CDATA[<p>Unified Pension Scheme Cabinet Cabinet approves Unified Pension Scheme The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Unified Pension Scheme (UPS). The salient features of the UPS are: 1/10th of monthly emoluments (pay + DA) as on the date of superannuation for every completed six months of service this [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/cabinet-approves-unified-pension-scheme-salient-features-of-the-ups/">Cabinet approves Unified Pension Scheme &#8211; Salient features of the UPS</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center"><strong>Unified Pension Scheme</strong></p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://centralgovernmentnews.com/wp-content/uploads/2024/08/Unified-Pension-Scheme-UPS.jpg"><img loading="lazy" decoding="async" width="940" height="788" src="https://centralgovernmentnews.com/wp-content/uploads/2024/08/Unified-Pension-Scheme-UPS.jpg" alt="Unified Pension Scheme - UPS" class="wp-image-41856" srcset="https://centralgovernmentnews.com/wp-content/uploads/2024/08/Unified-Pension-Scheme-UPS.jpg 940w, https://centralgovernmentnews.com/wp-content/uploads/2024/08/Unified-Pension-Scheme-UPS-300x251.jpg 300w, https://centralgovernmentnews.com/wp-content/uploads/2024/08/Unified-Pension-Scheme-UPS-768x644.jpg 768w" sizes="auto, (max-width: 940px) 100vw, 940px" /></a></figure>
</div>


<p class="has-text-align-center">Cabinet</p>



<h2 class="wp-block-heading has-text-align-center">Cabinet approves Unified Pension Scheme</h2>



<p>The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Unified Pension Scheme (UPS).</p>



<p>The salient features of the UPS are:</p>



<ol class="wp-block-list">
<li><strong>Assured pension:</strong> 50% of the average basic pay drawn over the last 12 months prior to superannuation for a minimum qualifying service of 25 years. This pay is to be proportionate for lesser service period upto a minimum of 10 years of service.</li>



<li><strong>Assured family pension</strong>: @60% of pension of the employee immediately before her/his demise.</li>



<li><strong>Assured minimum pension</strong>: @10,000 per month on superannuation after minimum 10 years of service.</li>



<li><strong>Inflation indexation</strong>: on assured pension, on assured family pension and assured minimum pension<br /><br />Dearness Relief based on All India Consumer Price Index for Industrial Workers (AICPI-IW) as in case of service employees<br /><br /></li>



<li>lump sum payment at <strong>superannuation</strong> in addition to gratuity</li>
</ol>



<p>1/10th of monthly emoluments (pay + DA) as on the date of superannuation for every completed six months of service this payment will not reduce the quantum of assured pension</p>



<p>PIB</p>
<p>The post <a href="https://centralgovernmentnews.com/cabinet-approves-unified-pension-scheme-salient-features-of-the-ups/">Cabinet approves Unified Pension Scheme &#8211; Salient features of the UPS</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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		<item>
		<title>Online NPS Subscriber Registration Module for PRAN generation</title>
		<link>https://centralgovernmentnews.com/online-nps-subscriber-registration-module-for-pran-generation/</link>
					<comments>https://centralgovernmentnews.com/online-nps-subscriber-registration-module-for-pran-generation/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 29 Sep 2023 18:51:55 +0000</pubDate>
				<category><![CDATA[NPS]]></category>
		<category><![CDATA[NPS Subscribers]]></category>
		<category><![CDATA[PRAN Generation]]></category>
		<guid isPermaLink="false">https://centralgovernmentnews.com/?p=41469</guid>

					<description><![CDATA[<p>NPS Subscriber Registration Online NPS Subscriber Registration Module for PRAN generation: CGA OM dated 25.09.2023 for complete rollout in all DDOs under all Ministries/ Departments (PAO/CDDOs) F.No.-I-84001/1/2020 -ITD-CGA/ ces-748/387Ministry of FinanceDepartment of ExpenditureController General of AccountsMahalekhaNiyantrak Bhawan‘E’ Block, GPO Complex, INA,New Delhi-110023 Dated: 25/09/2023 Office Memorandum Subject: Online NPS Subscriber Registration Module for PRAN generation [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/online-nps-subscriber-registration-module-for-pran-generation/">Online NPS Subscriber Registration Module for PRAN generation</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center"><strong>NPS Subscriber Registration</strong></p>



<p>Online NPS Subscriber Registration Module for PRAN generation: CGA OM dated 25.09.2023 for complete rollout in all DDOs under all Ministries/ Departments (PAO/CDDOs)</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><a href="https://centralgovernmentnews.com/wp-content/uploads/2023/09/Online-NPS-Subscriber-Registration-Module-PRAN-generation.jpg"><img loading="lazy" decoding="async" src="https://centralgovernmentnews.com/wp-content/uploads/2023/09/Online-NPS-Subscriber-Registration-Module-PRAN-generation-816x1024.jpg" alt="Online NPS Subscriber Registration Module for PRAN generation" class="wp-image-41470" style="width:358px;height:449px" width="358" height="449" srcset="https://centralgovernmentnews.com/wp-content/uploads/2023/09/Online-NPS-Subscriber-Registration-Module-PRAN-generation-816x1024.jpg 816w, https://centralgovernmentnews.com/wp-content/uploads/2023/09/Online-NPS-Subscriber-Registration-Module-PRAN-generation-239x300.jpg 239w, https://centralgovernmentnews.com/wp-content/uploads/2023/09/Online-NPS-Subscriber-Registration-Module-PRAN-generation-768x964.jpg 768w, https://centralgovernmentnews.com/wp-content/uploads/2023/09/Online-NPS-Subscriber-Registration-Module-PRAN-generation-1224x1536.jpg 1224w, https://centralgovernmentnews.com/wp-content/uploads/2023/09/Online-NPS-Subscriber-Registration-Module-PRAN-generation.jpg 1256w" sizes="auto, (max-width: 358px) 100vw, 358px" /></a></figure>
</div>


<p class="has-text-align-center">F.No.-I-84001/1/2020 -ITD-CGA/ ces-748/387<br />Ministry of Finance<br />Department of Expenditure<br />Controller General of Accounts<br />MahalekhaNiyantrak Bhawan<br />‘E’ Block, GPO Complex, INA,<br />New Delhi-110023</p>



<p class="has-text-align-right">Dated: 25/09/2023</p>



<p class="has-text-align-center"><strong>Office Memorandum</strong></p>



<h3 class="wp-block-heading">Subject: Online NPS Subscriber Registration Module for PRAN generation &#8211; reg.</h3>



<p>The undersigned is directed to refer to this office OM No. 1-84001/1/2020 -ITD-CGA /179-184 dated 12.10.2021 and OM of even No. 224-228 dated 24.11.2021, on the subject cited above.</p>



<p>2. Vide above said OM, it has been decided to pilot run of the employee information system (EIS)-salary module in PFMS with online Subscriber Registration of PRAN generation integration was carried out on select Ministries/Department. The said pilot run was successful.</p>



<p>3. It has, now been decided to complete rollout of NPS- Subscriber Registration Module in all DDOs under all Ministries/Departments (PAO/CDDOs). The user manual has been prepared and is enclosed. EIS help desk (pfms-eis [at] gov.in, Tel. No. 24665-404/405/666) shall handle the queries related to the pilot roll-out.</p>



<p>4. All Pr. CCAs/CCAs/CAs (IC) are hereby requested to direct their PAOs to follow up and actively participate in the complete rollout of NPS- Subscriber Registration Module.<br />This issues with the approval of competent authority.</p>



<p class="has-text-align-right">(Parul Gupta)<br />Dy. Controller General of Accounts</p>



<p>To<br />All Pr. CCAs/ CCAs/ CAs (IC) of the Ministries/ Departments.<br />Copy to: Sr. AO (ITD) for uploading this OM on CGA’s website please.</p>
<p>The post <a href="https://centralgovernmentnews.com/online-nps-subscriber-registration-module-for-pran-generation/">Online NPS Subscriber Registration Module for PRAN generation</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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		<item>
		<title>NPS Tier II through Default scheme for Government Sector Subscribers &#8211; PFRDA</title>
		<link>https://centralgovernmentnews.com/nps-tier-ii-through-default-scheme-for-government-sector-subscribers-pfrda/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 25 Sep 2023 02:44:17 +0000</pubDate>
				<category><![CDATA[NPS]]></category>
		<category><![CDATA[NPS Tier II]]></category>
		<category><![CDATA[PFRDA]]></category>
		<guid isPermaLink="false">https://centralgovernmentnews.com/?p=41431</guid>

					<description><![CDATA[<p>PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY a CIRCULAR Circular No: PFRDA/2023 /27/Sup-CRA/08 22nd Sep 2023 ToAll NPS Stake Holders and Govt sector subscribers Subject: NPS Tier II through Default scheme for Government Sector Subscribers-reg As part of PFRDA’s ongoing commitment to provide enhanced investment avenues under NPS, it has been decided to introduce the NPS [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/nps-tier-ii-through-default-scheme-for-government-sector-subscribers-pfrda/">NPS Tier II through Default scheme for Government Sector Subscribers &#8211; PFRDA</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center"><strong>PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY a</strong></p>



<p class="has-text-align-center"><strong>CIRCULAR</strong></p>



<p>Circular No: PFRDA/2023 /27/Sup-CRA/08</p>



<p class="has-text-align-right">22nd Sep 2023</p>



<p>To<br />All NPS Stake Holders and Govt sector subscribers</p>



<h3 class="wp-block-heading">Subject: NPS Tier II through Default scheme for Government Sector Subscribers-reg</h3>



<p>As part of PFRDA’s ongoing commitment to provide enhanced investment avenues under NPS, it has been decided to introduce the NPS Tier Il Default Scheme exclusively for Government Sector Subscribers.</p>



<p>2. Government Sector Subscribers under NPS will be given additional investment option of Default Scheme along with the existing Scheme E / Scheme C / Scheme G investment options.</p>



<p>3. The NPS Tier II Default Scheme represents a significant step forward in catering to the diverse financial aspirations of the Government Sector Subscribers. This scheme is designed to offer flexibility and convenience, aligning with the unique requirements of the Subscribers under the Government sector.</p>



<p>4. Government Sector Subscribers may continue with the Default Scheme under Tier Il even after their shifting account to another sector also.</p>



<p>5. The key benefits of an NPS Tier II account:</p>



<ul class="wp-block-list">
<li><strong>Greater Flexibility</strong>: There is no mandatory annual contribution requirement for Tier II. The Subscriber can open the account by paying the minimum contribution. There is no maximum limit on the amount that can be contributed under Tier II.</li>



<li><strong>Easy Withdrawals</strong>: With a Tier II account, subscribers can withdraw money at any point of time. It’s a convenient way to access the savings when subscribers may need them the most.</li>



<li><strong>Seamless Transfer</strong>: If subscriber wishes to move the funds to primary pension account (Tier I), it can be done at any point. This feature ensures that the investments remain dynamic and adaptable to your changing needs.</li>



<li><strong>No Minimum Balance</strong>: There is no requirement for maintaining a minimum balance in NPS Tier Il account. It offers the freedom to contribute as much or as little as one wants.</li>



<li><strong>Separate Nomination Facility</strong>: The Subscribers can nominate beneficiaries for Tier II account separately, if required.</li>



<li><strong>Default Investment Scheme</strong>: The facility of the Default Investment Scheme of Tier I has been extended to Tier Il accounts for Government Sector Subscribers. This facilitates the Subscribers to have access to a simplified default investment scheme, similar to Tier I, without the need for actively choosing a scheme of investment or PFs.</li>



<li><strong>Easy to onboard</strong>: To join Tier II and opt for the Default Scheme, the Subscribers need to provide consent or a request to the CRA through the associated nodal office. The online &amp; electronic modes of consent mode available on the CRA portal for the benefit of Subscribers.</li>
</ul>



<p>6. Government Sector Subscribers associated with Protean CRA can complete the account activation process on Protean e-NPS website. If any subscriber is already having Tier Il and wish to opt for default scheme in Tier II, one can do the same through scheme Preference Change option available in the login of subscriber. More than 700 subscribers have already opted for default scheme in Tier II.</p>



<p>The facility of Tier Il under default choice will also be made available soon for subscribers associated with KFin CRA.</p>



<p>7. This circular is issued under Section 14 (1) of PFRDA Act,2013 read with Regulation 18 and 19 of the PFRDA (Central Recordkeeping Agency) Regulations,</p>



<p class="has-text-align-right">Yours Sincerely,<br />Digitally signed by<br />K MOHAN GANDHI<br />Chief General Manager</p>



<figure class="wp-block-image size-large"><a href="https://centralgovernmentnews.com/wp-content/uploads/2023/09/NPS-Tier-II-PFRDA-Circular-22-09-2023.jpg"><img loading="lazy" decoding="async" width="792" height="1024" src="https://centralgovernmentnews.com/wp-content/uploads/2023/09/NPS-Tier-II-PFRDA-Circular-22-09-2023-792x1024.jpg" alt="NPS Tier II through Default scheme for Government Sector Subscribers - PFRDA" class="wp-image-41432" srcset="https://centralgovernmentnews.com/wp-content/uploads/2023/09/NPS-Tier-II-PFRDA-Circular-22-09-2023-792x1024.jpg 792w, https://centralgovernmentnews.com/wp-content/uploads/2023/09/NPS-Tier-II-PFRDA-Circular-22-09-2023-232x300.jpg 232w, https://centralgovernmentnews.com/wp-content/uploads/2023/09/NPS-Tier-II-PFRDA-Circular-22-09-2023-768x994.jpg 768w, https://centralgovernmentnews.com/wp-content/uploads/2023/09/NPS-Tier-II-PFRDA-Circular-22-09-2023-1187x1536.jpg 1187w, https://centralgovernmentnews.com/wp-content/uploads/2023/09/NPS-Tier-II-PFRDA-Circular-22-09-2023.jpg 1389w" sizes="auto, (max-width: 792px) 100vw, 792px" /></a></figure>
<p>The post <a href="https://centralgovernmentnews.com/nps-tier-ii-through-default-scheme-for-government-sector-subscribers-pfrda/">NPS Tier II through Default scheme for Government Sector Subscribers &#8211; PFRDA</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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		<title>Simplified &#038; Secured way to stay Informed on NPS Investments through Consolidated Account Statement (CAS)</title>
		<link>https://centralgovernmentnews.com/simplified-secured-way-to-stay-informed-on-nps-investments-through-consolidated-account-statement-cas/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Wed, 16 Aug 2023 12:40:46 +0000</pubDate>
				<category><![CDATA[NPS]]></category>
		<category><![CDATA[NPS investment]]></category>
		<category><![CDATA[PFRDA]]></category>
		<guid isPermaLink="false">https://centralgovernmentnews.com/?p=41217</guid>

					<description><![CDATA[<p>Benefits of Consolidated Account Statement PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITYCIRCULAR Circular No: PFRDA/2023 /26/Sup-CRA/07 10th Aug 2023 To All Subscribers &#38; NPS Stakeholders Subject: Simplified &#38; Secured way to stay Informed on NPS Investments&#160;through Consolidated Account Statement (CAS) The CAS provided by National Securities Depository Limited (NSDL) and Central Depository Services Ltd (CDSL) offers [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/simplified-secured-way-to-stay-informed-on-nps-investments-through-consolidated-account-statement-cas/">Simplified &#038; Secured way to stay Informed on NPS Investments through Consolidated Account Statement (CAS)</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center"><strong>Benefits of Consolidated Account Statement</strong></p>



<p class="has-text-align-center"><strong>PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY</strong><br /><strong>CIRCULAR</strong></p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://centralgovernmentnews.com/wp-content/uploads/2019/10/NPS-National-Pension-Scheme-PFRDA.jpg"><img loading="lazy" decoding="async" width="700" height="800" src="https://centralgovernmentnews.com/wp-content/uploads/2019/10/NPS-National-Pension-Scheme-PFRDA.jpg" alt="PFRDA - NPS" class="wp-image-25523" srcset="https://centralgovernmentnews.com/wp-content/uploads/2019/10/NPS-National-Pension-Scheme-PFRDA.jpg 700w, https://centralgovernmentnews.com/wp-content/uploads/2019/10/NPS-National-Pension-Scheme-PFRDA-263x300.jpg 263w" sizes="auto, (max-width: 700px) 100vw, 700px" /></a></figure>
</div>


<p>Circular No: PFRDA/2023 /26/Sup-CRA/07</p>



<p class="has-text-align-right">10th Aug 2023</p>



<p>To</p>



<p>All Subscribers &amp; NPS Stakeholders</p>



<h3 class="wp-block-heading">Subject: Simplified &amp; Secured way to stay Informed on NPS Investments&nbsp;through Consolidated Account Statement (CAS)</h3>



<p>The CAS provided by National Securities Depository Limited (NSDL) and Central Depository Services Ltd (CDSL) offers a consolidated view of the personal investments in the securities market with updated mark-to-market values. It encompasses holdings of Demat accounts and mutual fund holdings of the investors.</p>



<p>2. CAS is issued to investors in accordance with Regulation 36(4) of SEBI (Mutual Funds) Regulations, 1996 and circulars thereof for the benefit of Investors. Central Record Keeping Agencies (CRAs) in terms of Regulation 18(2)(k) of the PFRDA(CRA) Regulations,2015 enhance &amp; develop the modules to address the evolving requirements of various stakeholders. PFRDA in coordination with SEBI has enabled the functionality to benefit NPS Subscribers to view their pension corpus under NPS in CAS.</p>



<p>3. In line with the Government of India’s vision to create a comprehensive record of every individual’s financial assets, PFRDA has integrated the NPS Statement of Transaction (SoT) with CAS. Currently, the NPS SoT is shared on an annual basis either physically or through email, and it can also be viewed online in the CRA login. Now, PFRDA has enabled CRAs to integrate with depositories, registered with SEBI to provide NPS Subscribers with the option to include NPS transactions in CAS. Till date, nearly 50000 Subscribers have evinced interest and provided their consent to avail the facility.</p>



<p>4. Some important features regarding the inclusion of NPS SoT in CAS &amp; benefits are as under:</p>



<h4 class="wp-block-heading"><strong>a. Consent Basis:</strong></h4>



<p>The facility to include NPS SoT in CAS will be available to NPS subscribers on consent basis. If the Subscriber wishes to opt for this inclusion, the consent can be provided on the respective website of aforementioned CRAs.</p>



<h4 class="wp-block-heading"><strong>b. Nominal Charges:</strong></h4>



<p>A fee of Re 1/- will be applicable for each physical statement requests, while 10 paise will be charged for each email statement.</p>



<h4 class="wp-block-heading"><strong>5. Benefits of Consolidated Account Statement (CAS):</strong></h4>



<ol class="wp-block-list">
<li><strong>Simplified Record-Keeping:</strong>&nbsp;CAS eliminates the need to maintain separate statements for different investments by summarizing the details into one comprehensive statement. This reduces paperwork and provides a consolidated view of all investments at one place, making it easier to manage and track the same.</li>



<li><strong>Enhanced Safety:</strong> With the increasing popularity of online contribution and digital  payment methods, the CAS plays a crucial role in ensuring safety of information pertaining to contributions/ investments. By receiving monthly updates, the Subscribers can stay alert and promptly identify any unauthorized transactions. In case of fraudulent activities, the Subscribers can inform the associated intermediary at the earliest of necessary action.</li>



<li><strong>Timely Information:</strong>&nbsp;CAS keeps Subscribers well-informed about their investments. With a monthly update of all transactions and holdings, they can easily monitor the performance of investments, stay up to date with any changes, and make informed decisions accordingly.</li>
</ol>



<p>6. All the Stakeholders like POPs, Nodal Offices and NPS Trust are required to disseminate this important information to the subscribers and encourage them to avail the facility by providing consent for including NPS SoT in CAS. The CRA wise process flow of consent framework is provided at the Annexure-I for the benefit of Subscribers.</p>



<p>7. This circular is issued under Section 14 (1) of PFRDA Act,2013 read with Regulation 18 and 19 of the PFRDA (CRA) Regulations, 2015.</p>



<p>Yours sincerely,</p>



<p class="has-text-align-right">Digitally signed by K<br />MOHAN GANDHI<br />Chief General Manager</p>



<p class="has-text-align-right"><strong>Annexure</strong></p>



<h3 class="wp-block-heading"><strong>Procedure to give consent for inclusion of NPS details in CAS</strong></h3>



<h4 class="wp-block-heading"><strong>Subscribers associated with Protean CRA:</strong></h4>



<ol class="wp-block-list">
<li>Subscribers can visit the website of Protean CRA. Under News section, click on the link to provide to provide consent for availing NPS details in CAS.</li>



<li>Enter the 12-digit PRAN, PAN and Date of Birth.</li>



<li>Submit the declaration.</li>



<li>Enter the ‘One Time Password’ received on registered Mobile and Email ID.</li>



<li>On successful consent submission, NPS investments will be reflected in CAS.</li>
</ol>



<h4 class="wp-block-heading"><strong>Subscribers associated with KFin CRA:</strong></h4>



<ol class="wp-block-list">
<li>Subscriber will login to the NPS account on KFin CRA website.</li>



<li>Subscriber will select Statement Menu on left side and will click on CAS statement.</li>



<li>Subscriber need to give consent for CAS Yes/No and charges will be shown to subscriber. Once selected the option, subscriber need to click on submit button to captured the CAS request.</li>



<li>Subscriber if selected as Yes, message will be shown for dispatch mode. Subscriber need to selected mode type- physical or Email.</li>



<li>Subscriber has the option to opt out of CAS also.</li>
</ol>



<h4 class="wp-block-heading"><strong>Subscribers associated with CAMS CRA:</strong></h4>



<ol class="wp-block-list">
<li>Subscriber logs in to his / her CAMS NPS Account, and navigates to the “statements” tab.</li>



<li>In the Statement section, the subscriber selects the “CAS” option.</li>



<li>Subscriber provides the consent for sharing their NPS details with the depository and “submit”.</li>
</ol>



<p>Note: Integration of PCRA with NSDL is completed and under progress with CDSL</p>
<p>The post <a href="https://centralgovernmentnews.com/simplified-secured-way-to-stay-informed-on-nps-investments-through-consolidated-account-statement-cas/">Simplified &#038; Secured way to stay Informed on NPS Investments through Consolidated Account Statement (CAS)</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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		<title>REVERTING NPS TO OPS &#8211; One time option to the Central Government civil employee for inclusion under CCS Pension Rules 1972</title>
		<link>https://centralgovernmentnews.com/reverting-nps-to-ops-one-time-option-to-the-central-government-civil-employee-for-inclusion-under-ccs-pension-rules-1972/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Tue, 08 Aug 2023 13:08:46 +0000</pubDate>
				<category><![CDATA[NPS]]></category>
		<category><![CDATA[CCS Pension Rules 1972]]></category>
		<category><![CDATA[One time option]]></category>
		<category><![CDATA[OPS to NPS]]></category>
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					<description><![CDATA[<p>Inclusion under CCS Pension Rules 1972 Reverting to Old Pension Scheme : Lok Sabha QA GOVERNMENT OF INDIAMINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS(DEPARTMENT OF PENSION &#38; PENSIONERS’ WELFARE) LOK SABHAUNSTARRED QUESTION NO. 2171(TO BE ANSWERED ON 02.08.2023) REVERTING TO OPS 2171. DR. A. CHELLAKUMAR:SHRI RAJMOHAN UNNITHAN:DR. MOHAMMAD JAWED: Will the PRIME MINISTER be pleased [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/reverting-nps-to-ops-one-time-option-to-the-central-government-civil-employee-for-inclusion-under-ccs-pension-rules-1972/">REVERTING NPS TO OPS &#8211; One time option to the Central Government civil employee for inclusion under CCS Pension Rules 1972</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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<p class="has-text-align-center">I<strong>nclusion under CCS Pension Rules 1972</strong></p>



<h2 class="wp-block-heading">Reverting to Old Pension Scheme : Lok Sabha QA</h2>



<p class="has-text-align-center">GOVERNMENT OF INDIA<br />MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS<br />(DEPARTMENT OF PENSION &amp; PENSIONERS’ WELFARE)</p>



<p class="has-text-align-center">LOK SABHA<br />UNSTARRED QUESTION NO. 2171<br />(TO BE ANSWERED ON 02.08.2023)</p>



<p class="has-text-align-center"><strong>REVERTING TO OPS</strong></p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><a href="https://centralgovernmentnews.com/wp-content/uploads/2021/03/NPS-OPS-Scrap-national-pension-system-election-Central-Government-Employees-edited.jpg"><img loading="lazy" decoding="async" width="231" height="144" src="https://centralgovernmentnews.com/wp-content/uploads/2021/03/NPS-OPS-Scrap-national-pension-system-election-Central-Government-Employees-edited.jpg" alt="NPS to OPS" class="wp-image-34365"/></a></figure>
</div>


<p>2171. DR. A. CHELLAKUMAR:<br />SHRI RAJMOHAN UNNITHAN:<br />DR. MOHAMMAD JAWED:</p>



<p>Will the PRIME MINISTER be pleased to state:</p>



<p>(a) whether the Department of Personnel and Training has completed the process of issuing general orders to exclude Central Government employees whose advertisements for recruitment were released on or before 31/12/2003 from the National Pension System (NPS) and bring them under the Old Pension Scheme (OPS) in the light of the recent Supreme Court judgment; and</p>



<p>(b) if so, the details thereof and if not, the reasons therefor?</p>



<p class="has-text-align-center"><strong>ANSWER</strong><br />MINISTER OF STATE IN THE MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES<br />AND PENSIONS AND MINISTER OF STATE IN THE PRIME MINISTER’S OFFICE</p>



<p>(DR. JITENDRA SINGH)</p>



<p>(a) &amp; (b): Yes Sir, The Department of Pension and Pensioners’ Welfare has issued instructions on 03.03.2023 in the light of Court judgments, giving one time option to the Central Government civil employee for inclusion under CCS (Pension) Rules, 1972 (now 2021) who has been appointed against a post or vacancy which was advertised/ notified for recruitment/ appointment prior to notification for National Pension System i.e. 22.12.2003. Department of Personnel and Training has issued similar orders for AIS officers on 13.07.2023.</p>
<p>The post <a href="https://centralgovernmentnews.com/reverting-nps-to-ops-one-time-option-to-the-central-government-civil-employee-for-inclusion-under-ccs-pension-rules-1972/">REVERTING NPS TO OPS &#8211; One time option to the Central Government civil employee for inclusion under CCS Pension Rules 1972</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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