• Home
  • 7th Pay Commission News
  • orop news
  • Dopt Orders
  • CGDA Orders
  • expected da

PAY NEWS

Latest Central Government Employees News - 7th Pay Commission News, Dearness Allowance, Pension News, DOPT Orders

You are here: Home / Pension News / Enhanced Govt Contribution from 10% to 14% under NPS – PFRDA Circular

Enhanced Govt Contribution from 10% to 14% under NPS – PFRDA Circular

Enhanced Govt Contribution from 10% to 14% under NPS – PFRDA Circular

Necessary instructions for all CABs (Central Autonomous Bodies) concerned with reference to gazette notification F.No.1/3/2016-PR dated 31/01/2019 issued by Dept of Financial Services (DFS), Ministry of Finance containing recent announcements under NPS

PENSION FUND REGULATORY
AND DEVELOPMENT AUTHORITY
B-14/A, Chhatrapati Shivaji Bhawan,
Qutub Institutional Area,
Katwaria Sarai, New Delhi-110016

PFRDA/17/07/11/0002/2019-SUP/CG

07.06.2019

To,

All Principal Accounting Officers of Central Autonomous Bodies

Sir/ Madam,

Subject: Necessary instructions for all CABs (Central Autonomous Bodies) concerned with reference to gazette notification F.No.1/3/2016-PR dated 31/01/2019 issued by Dept of Financial Services (DFS), Ministry of Finance containing recent announcements under NPS- reg.

This is with reference to the gazette notification F.No.1/3/2016-PR dated 31/01/2019 issued by Dept of Financial Services (DFS), Ministry of Finance (copy enclosed).

Vide the aforementioned notification, certain changes under NPS have been announced by Central Government including enhanced contribution by the Central Government to its employees covered under NPS from the existing 10% to 14% (to Tier-I account). The changes under said notification are applicable w.e.f. 01-04-2019 for Central Government employees. However, the circular is silent on the its applicability to the employees of the CABs covered under NPS.

In view of the above, PFRDA has requested the Department of Expenditure to clarify whether the above-mentioned changes/ modifications under NPS would be applicable to employees of Central Autonomous Bodies (CABs) covered under NPS.

In the interim, PFRDA has been approached by various CABs who have individually obtained their internal approvals for enhancing the employer contribution from 10% to 14% and hence, have sought PFRDA’s approval for uploading the same through the existing CRA functionality.

In light of the above and till the time clarification emerges on the matter of applicability of notification dated 31.01.2019 on CABs , it has been decided by the competent authority that the CABs who have obtained such internal approvals, should obtain a separate and express approval/concurrence for the applicability of the said provisions of the notification dated 31.01.19 on their employees from Department of Expenditure (DOE), Ministry of Finance.

Consequent upon receipt of such approval from the DOE, Ministry of Finance, a copy of the referred approval may be forwarded to the CRA, for necessary action at the CRA’s end.

Yours Sincerely,
sd/-
(Sumeet Kaur Kapoor)
Chief General Manager

Source: ww.npstrust.org.in

Filed Under: Pension News July 11, 2019 By Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Featured Posts

7 cpc option calculator

7 cpc option calculator

7 cpc option calculator

Recent Entries

Calculate your DA from July 2020

May 10, 2020

Comprehensive Transfer Policy – FREE from 5 years service condition – NFIR

November 13, 2019

Minutes of the 31st SCOVA meeting held under the chairmanship of Hon’ble MOS(PP) on 05.09.2019

November 13, 2019

Free Preventive Health Checkup for Central Government Retired employees aged 75 years and above under CGHS Scheme

September 9, 2019

Steps Taken to Streamline And Strengthen Pension Sanctioning And Payment System

July 22, 2019

Various Measures To Bring Transparency In Administration

July 22, 2019

Enhanced Govt Contribution from 10% to 14% under NPS – PFRDA Circular

July 11, 2019

Increment for central government employees starts today, 7th CPC Increment

July 1, 2019

New Income Tax Rules; Defaulters Will Not Be Able To Get Away Just By Paying A Penalty

June 26, 2019

Are You Salaried Employee? Leave Encashment Is Taxable While In Service

June 26, 2019

Copyright © 2023 | Central Government Employees News | Paynews.in