Central Pension Scheme Archives - CENTRAL GOVERNMENT EMPLOYEES NEWS https://centralgovernmentnews.com/tag/central-pension-scheme/ All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more. Fri, 25 Jul 2014 16:28:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://centralgovernmentnews.com/wp-content/uploads/2019/02/cropped-central-government-employees-news-32x32.png Central Pension Scheme Archives - CENTRAL GOVERNMENT EMPLOYEES NEWS https://centralgovernmentnews.com/tag/central-pension-scheme/ 32 32 Details of the pension schemes being run by the Central Government https://centralgovernmentnews.com/details-of-the-pension-schemes-being-run-by-the-central-government/ https://centralgovernmentnews.com/details-of-the-pension-schemes-being-run-by-the-central-government/#respond Fri, 25 Jul 2014 16:28:44 +0000 http://centralgovernmentnews.com/?p=7117 Details of the pension schemes being run by the Central Government Under National Social Assistance Programme (NSAP) administered by Ministry of Rural Development, central assistance is provided only to old aged, widows, disabled persons and bereaved families on death of primary bread winner belonging to Below Poverty Line households irrespective of their caste category. The […]

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Under National Social Assistance Programme (NSAP) administered by Ministry of Rural Development, central assistance is provided only to old aged, widows, disabled persons and bereaved families on death of primary bread winner belonging to Below Poverty Line households irrespective of their caste category. The schemes are implemented both in urban and rural areas.

At present the scheme of NSAP comprises of 5 schemes applicable to BPL persons which are as follows:-

i. Indira Gandhi National Old Age Pension Scheme (IGNOAPS)

ii. Indira Gandhi National Widow Pension Scheme (IGNWPS)

iii. Indira Gandhi National Disability Pension Scheme (IGNDPS)

iv. National Family Benefit Pension (NFBS)

v. Annapurna Scheme.

The details of these 5 schemes along with the amount of assistance provided is enclosed as Annexure.

Assistance under the schemes of NSAP is provided to all persons who are Below Poverty Line including Scheduled Castes. The details of number of persons belonging to Scheduled Caste benefited under the schemes of NSAP is not available, as this information is not obtained/reported by States.

A Task Force constituted under the Chairmanship of Member Planning Commission, considered all the issues, demands and suggestions relating to social assistance/ security, received from various quarters and submitted its report in March, 2013, inter-alia, recommending expanding scope of coverage and increasing the quantum of pension. Further action has been initiated to process the recommendations of the Task Force.

ANNEXURE

Eligibility criteria and the amount of assistance underthe schemes of National Social Assistance Programme (NSAP)

Indira Gandhi National Old Age Pension Scheme (IGNOAPS): Central assistance of Rs. 200/- per month is provided to persons in the age group of 60-79 years and Rs. 500/- per month to persons of 80 years and above.

Indira Gandhi National Widow Pension Scheme (IGNWPS): Under the scheme, Central assistance @ Rs. 300/- per month is provided to widows in the age-group of 40-79 years. On reaching the age of 80 years, the beneficiary is shifted to IGNOAPS to get enhanced assistance of Rs.500/- per month.

Indira Gandhi National Disability Pension Scheme (IGNDPS): Under the scheme Central assistance @ Rs. 300/- per month is provided to persons aged 18-79 years with severe and multiple disabilities. On reaching the age of 80 years, the beneficiary is shifted to IGNOAPS to get enhanced assistance of Rs. 500/- per month.

National Family Benefit Scheme (NFBS): Under the scheme a BPL household is entitled to lump sum amount of money on the death of primary breadwinner aged between 18 and 59 years. The amount of assistance is Rs. 20,000/-

Annapurna: Under the scheme, 10 kg of food grains per month are provided free of cost to those senior citizens who, though eligible, are not receiving old age pension.

The above information was submitted as a written reply to a question in Parliament on 22nd July 2014 by the Minister of State for Social Justice and Empowerment Shri Sudarshan Bhagat.

Source: CGEN.in

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]]> https://centralgovernmentnews.com/details-of-the-pension-schemes-being-run-by-the-central-government/feed/ 0 National Pension System (NPS) – Abbreviations and Definitions https://centralgovernmentnews.com/national-pension-system-nps-abbreviations-and-definitions/ https://centralgovernmentnews.com/national-pension-system-nps-abbreviations-and-definitions/#respond Mon, 09 Dec 2013 16:48:12 +0000 http://centralgovernmentnews.com/?p=5077 National Pension System (NPS) – Abbreviations and Definitions Abbreviations and Definitions of National Pension System compiled here under for your information. The key words are frequently used among the employees working in Central and State Governments… The following words and expressions shall have the meaning specified below, unless the context otherwise requires: Abbreviations ASP Annuity […]

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]]> National Pension System (NPS) – Abbreviations and Definitions

Abbreviations and Definitions of National Pension System compiled here under for your information. The key words are frequently used among the employees working in Central and State Governments…

The following words and expressions shall have the meaning specified below, unless the context otherwise requires:

Abbreviations
ASP Annuity Service Provider
CGMS Centralised Grievance Management System
CRA Central Recordkeeping Agency
DC Defined Contribution
GRC Grievance Redressal Cell
GRM Grievance Redressal Mechanism
IMA Investment Management Agreement
IPO Initial Public Offer
KYC Know your Customer
NPS National Pension System
NRA Normal Retirement Age
PFs/PFMs Pension Funds/Pension Fund Managers
PFRDA Pension Fund Regulatory and Development Authority
POP Point of Presence
POP-SP Point of Presence – Service Provider (Authorized branches of POP for NPS)
PRA Permanent Retirement Account
PRAN Permanent Retirement Account Number
TB Trustee Bank
FEMA Foreign Exchange Management Act

 

Definitions
Applicable NAV Unless stated otherwise in the Offer Document, ‘Applicable NAV’ is the Net Asset Value at the close of a Working Day.
Applicant An individual who has expressed interest in joining NPS and has duly completed all formalities.
Custodian Agency responsible for holding assets of the NPS Trust. Refers to the Stockholding Corporation of India Limited (SHCIL)
IMA Investment Management Agreement, entered into between NPS Trust and the Pension Funds.
Offer Document This document, issued by PFRDA, making an offer to potential applicants to subscribe to NPS.
RBI Reserve Bank of India, established under the Reserve Bank of India Act, 1934.
Subscriber An individual who has become a member of the NPS
Unit holder Subscriber is also referred to as unit holder with respect to the units he/she owns.
Trust Deed The Trust Deed entered into between the NPS Trust and PFRDA, as amended up to date, or as may be amended from time to time.
Trust Fund The corpus of the Trust and all property belonging to and/or vested in the Trustees.
Working Day A day other than any of the following (i) Saturday or Sunday; (ii) a day on which banks including the Reserve Bank of India are closed for business or clearing and (iii) a day on which the Purchase and Redemption of Units is suspended.

Source: http://90paisa.blogspot.in/2013/12/national-pension-system-nps.html

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]]> https://centralgovernmentnews.com/national-pension-system-nps-abbreviations-and-definitions/feed/ 0 Eligibility of children from a void or voidable marriage for family pension – clarification regarding https://centralgovernmentnews.com/eligibility-of-children-from-a-void-or-voidable-marriage-for-family-pension-clarification-regarding/ https://centralgovernmentnews.com/eligibility-of-children-from-a-void-or-voidable-marriage-for-family-pension-clarification-regarding/#respond Thu, 29 Nov 2012 07:54:51 +0000 http://centralgovernmentnews.com/?p=1266 Eligibility of children from a void or voidable marriage for family pension – clarification regarding No.1/16/1996-P&PW (E) (vol.II) Government of India Ministry of Personnel, P.G. & Pensions Department of Pension & Pensioners’ Welfare 3rd Floor, Lok Nayak Bhavan,  Khan Market, New Delhi Dated: 27th November, 2012 Office Memorandum Sub : Eligibility of children from a […]

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]]> Eligibility of children from a void or voidable marriage for family pension – clarification regarding

No.1/16/1996-P&PW (E) (vol.II)
Government of India
Ministry of Personnel, P.G. & Pensions
Department of Pension & Pensioners’ Welfare
3rd Floor, Lok Nayak Bhavan,
 Khan Market,
New Delhi
Dated: 27th November, 2012
Office Memorandum
Sub : Eligibility of children from a void or voidable marriage for family pension – clarification regarding.
The undersigned is directed to refer to this Department’s O.M. No.1/16/96-P&PW(E), dated 2.12.1996 whereby it was clarified that Pensionary benefits will be granted to children of a deceased Government servant/pensioner from void or voidable marriages when their turn comes in accordance with Rule 54(8). It is mentioned in Para 4 of the O.M. that “It may be noted that they will have no claim whatsoever to receive family pension as long as the legally wedded wife is the recipient of the same.”
2. The matter has been re-examined in consultation with the Ministry of Law and justice(Department of Legal Affairs) and Ministry of Finance (Department of Expenditure). It has been decided that in supersession of Para 4 of the O.M., ibid, dated 2.12.1996, the share of children from illegally wedded wife in the family pension shall be payable to them in the manner given under sub-rule 7 (c) of Rule 54 of CCS (Pension) Rules, 1972, along with the legally wedded wife.
3. It has also been decided that in past cases, no recovery from the previous beneficiary should be made. On receipt of an application from eligible child/children of the deceased Government employee/pensioner born to an ineligible mother, a decision regarding division or otherwise of family pension may be taken by the competent authority after satisfying himself/herself about veracity of facts and entitlement of the applicant (s).
4. As regards pensioners/family pensioners belonging to the Indian Audit and Accounts Departments, these Orders issue after consultation with the Comptroller and Auditor General of India.
5. This issues with the concurrence of Department of Legal Affairs vide their FTS No.3036, dated 17.10.2012.
6. This issues with the concurrence of Ministry of Finance, Department of Expenditure vide their I.D. No.530/E.V/2012, dated 23.11.2012.
7. Hindi version will follow.
sd/-
(D.K. Solanki)
Under Secretary to the Govt. of India
Source: www.pensionersportal.gov.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D3/D03ppw/FP_27112012.pdf]

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]]> https://centralgovernmentnews.com/eligibility-of-children-from-a-void-or-voidable-marriage-for-family-pension-clarification-regarding/feed/ 0 Rate of monthly pension paid by the State Government of Tamil Nadu to Freedom Fighters https://centralgovernmentnews.com/rate-of-monthly-pension-paid-by-the-state-government-of-tamil-nadu-to-freedom-fighters/ https://centralgovernmentnews.com/rate-of-monthly-pension-paid-by-the-state-government-of-tamil-nadu-to-freedom-fighters/#respond Wed, 07 Nov 2012 01:35:18 +0000 http://centralgovernmentnews.com/?p=1125 Rate of monthly pension paid by the State Government of Tamil Nadu to Freedom Fighters Freedom Fighters Pension  Scheme :- The details of rate of monthly pension paid by the State Government of Tamil Nadu to Freedom Fighters / Freedom Fighters Pensioners under Central Pension Scheme… CENTRAL PENSION SCHEME :-  The Central Government have been implementing the Scheme […]

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Freedom Fighters Pension  Scheme :-
The details of rate of monthly pension paid by the State Government of Tamil Nadu to Freedom Fighters / Freedom Fighters Pensioners under Central Pension Scheme…
CENTRAL PENSION SCHEME :-  The Central Government have been implementing the Scheme of Freedom Fighters Pension (Swatantrata Sainik Samman Pension) with effect from 15.08.1972.  According to this Scheme, the following concessions are granted…

i)  Each recipient of Swatantrata Sainik Samman Pension is getting Rs. 6,330 as pension along with 143% Dearness Allowance i.e. Rs.15,382/-   with effect from 1.8.2011.

The total number of persons who are receiving Central Freedom Fighters Pension / Family Pension is  2,237.33

ii)  State Pension of  Rs.500/- per month from the State Funds is paid to those who receive Central Freedom Fighters Pension/Central Family Pension.


RATE OF MONTHLY PENSION PAID BY
THE STATE GOVERNMENT TO
FREEDOM FIGHTERS

Sl.No. Period Pension Amount
1. With effect from 01-10-1966 50/-
2. With effect from 15-08-1972 75/-
3. With effect from 01-04-1979 100/-
4. With effect from 25-01-1981 150/-
5. With effect from 10-06-1986 250/-
6. With effect from 01-08-1989 350/-
7. With effect from 01-01-1991 400/-
8. With effect from 01-08-1992 1,000/-
9. With effect from 01-09-1995 1,500/-
10. With effect from 15-08-1997 3,000/-
11. With effect from 01-05-2007 4,000/-
12. With effect from 01-09-2009 5,000/-

 

RATE OF MONTHLY PENSION PAID TO
THE DEPENDANTS OF STATE FREEDOM FIGHTERS
PENSIONERS

 

Sl.No. Period Pension Amount
1. With effect from 01-10-1966 50/-
2. With effect from 15-08-1972 75/-
3. With effect from 01-04-1979 100/-
4. With effect from 25-01-1981 150/-
5. With effect from 10-06-1986 250/-
6. With effect from 01-08-1989 350/-
7. With effect from 01-01-1991 400/-
8. With effect from 01-08-1992 500/-
9. With effect from 01-09-1995 750/-
10. With effect from 15-08-1997 1,500/-
11. With effect from 01-05-2007 2,000/-
12. With effect from 01-09-2009 2,500/-

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