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eNPS – Frequently Asked Questions – FAQs

By
igeadmin
-

eNPS – Frequently Asked Questions – FAQs

1. What is eNPS ?
eNPS is an online platform provided by NPS Trust for enabling individuals to open his/her Individual Pension Account under NPS (Tier-I & Tier-II) and also facilitate the new or existing subscribers to make initial or subsequent contributions respectively to their Individual Pension Account under NPS using netbanking and debit/credit cards. eNPS does not facilitate enrolment of individuals under Atal Pension Yojana.

2. How can I open the Individual Pension Account under NPS online?

An individual can open his/her Individual Pension Account under NPS by choosing any one of the following alternatives and having netbanking faci I iti es enabled with his/her bankers :-
Option # 1 by providing Aadhaar details
Option # 2 by providing PAN details and KYC details as recorded with the Bank in which he/she maintains his/her bank account and that Bank is empanelled in eNPS

3. How Aadhaar details are processed for online opening of the Individual Pension Account under NPS?

An individual opting to open the online Individual Pension Account using Aadhaar details must have his/her mobile number registered with Aadhaar because after providing the Aadhaar number in the eNPS portal, a One Time Password (OTP) needs to be generated from Aadhaar which is sent to his/her mobile number registered with Aadhaar for authentication purposes.

On authenticating the OTP received from Aadhaar in the eNPS portal, the individual’s KYC details (demographic and photograph) as recorded with Aadhaar database gets auto populated on the online application form. Only the photograph is allowed to be replaced/substituted in the online application form if he/she desires to upload a different photograph.

Other mandatory fields are required to be filled compulsorily for completing the account opening process and subsequent generation of Permanent Retirement Account Number (PRAN)

4. How PAN details and KYC details as recorded with his/her Bank are processed for online opening of the Individual Pension Account under NPS?
An individual opting to open the online Individual Pension Account using PAN details and KYC details as recorded with his/her Bank must have enabled netbanking facility from the bank where his/her account is held/maintained and the concerned Bank selected should also be empanel ed on the eNPS platform for performing the KYC verification.

An individual providing the PAN details will be required to compulsorily fill all the mandatory fields for completing the account opening process and subsequent generation of Permanent Retirement Account Number (PRAN)

The name provided in the online application form is validated with the PAN records. The bank and address details provided in the online application form is authenticated by the concerned bank selected by the applicant as per the records available with the Bank in respect of the applicant. In case of rejection of KYC by the selected Bank, applicant should contact the bank as the PRAN will be get immediately categorised as ‘temporarily frozen’ and the subscriber will not be allowed to undertake any further transactions.

5. What uploads are required to be made for online opening of the Individual Pension Account under NPS?
An individual opening the Individual Pension Account in eNPS platform is required to upload his/her scanned photograph and signature in *.jpeg/* .jpg format with file size ranging between 4kb-12kb.

Uploading of scanned photograph is optional for individuals opting to open the Individual Pension Account with Aadhaar details.

6. At what stage of the online process will I be able to know that my online application has been accepted and I have been allotted a Permanent Retirement Account Number?

An applicant on completion of providing online his/her personal details as selected with Aadhar or PAN and subsequently getting authenticated from Aadhaar or PAN will be provided with an unique Acknowledgement Number for identification and future references.

After the applicant fills in all the mandatory fields of the online application form and uploads his/her photograph (optional with Aadhaar) and signature, the applicant will be redirected for initiating payment of initial contribution through netbanking or debit/credit card.
An applicant who has opted to open his/her Individual Pension Account with Aadhaar will have the option to select the mode of payment (netbanking or debit card or credit card) for making the initial contribution.

An applicant who has opted to open the Individual Pension Account with PAN and KYC authentication by Bank will be required to make the payment of initial contribution though netbanking facility provided by the concerned bank selected in the online application form.
For all successful online payments the applicant will be provided an online receipt and the Permanent Retirement Account Number (PRAN) generated thereafter. An SMS and email alert is also sent to the Subscriber.

7. How will I know whether my Banker has verified the KYC details?
On acceptance or rejection of applicant’s KYC by the selected Bank an SMS and emai I alert is sent to the Subscriber towards acceptance or rejection. In cases of rejection by the concerned Bank, the reasons of rejections are also communicated to the subscriber through SMS and email and the applicant should contact the bank immediately.

8. What are the charges for online opening of Individual Pension Account under
NPS?

The online opening of Individual Pension Account with Aadhaar details is free of any charges.

An applicant opting for online opening of Individual Pension Account with PAN and KYC authentication by Bank will be charged an amount of Rs 125 (Rupees One Hundred Twenty Five Only) for KYC verification by the concerned bank selected by the applicant during the online account opening process.
9. What are the charges to be paid for making online contributions?

A subscriber contributing to his PRAN in the eNPS platform will be charged the following fees by the payment gateway services provider as permitted by NPS Tr ust:-
Sl Mode of Payment Charges
1 Credit Card 0.90% of Transaction Amount + Service Tax.
2 Debit Card 0.80% of Transaction Amount + Service Tax.
3 Net Banking of Banks 60 Paisa per Transaction + Service Tax.

10. What should I do after completing the online account opening processes?
After completion of online account opening process, he/she should take a print of the online application form, paste his/her photograph (not stapled or clipped or signed across), put his/her signature in the box provided for in the printed application form and dispatch the documents to the following address within 90 days from the date of allotment of online PRAN:-
Central Recordkeeping Agency (eNPS)
NSDL e-Governance Infrastructure Limited,
1st Floor, Times Tower, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013

11. What will happen if I do not submit the documents within 90 days from the date on online PRAN allotment?
Non-submission of printed online application form along with photograph and signature within 90 days of allotment of online PRAN will render the PRAN to be categorised as `temporarily frozen’ and he/she will not be able to undertake any further transactions.

12. What is the minimum amount of contribution to be made for online opening of the Individual Pension Account under NPS?
The minimum amount of contribution to be made using netbanking or debit/credit card for online opening of the Individual Pension Account is Rs 500/- (Rupees Five Hundred Only). If applicant chooses to open Tier-II along with Tier-1 The minimum amount of contribution is Rs 1000/- (Rupees One Thousand Only).

13. What is the maximum amount or times that I can contribute to my PRAN in a month using eNPS?
There are no limits or restrictions for making contributions by subscribers to his/her PRAN using the eNPS platform.

14. Where and when will I receive the PRAN kit?
An individual completing the online account opening process and submitting the online printed application form along with photograph and signature will receive the PRAN kit at his/her communication address provided during the online registration process within 10 days from the date of receipt of completed documents at CRA.

15. When will the contribution paid online get reflected in my PRAN?
It normally takes 3-4 days for the contributions made online using eNPS being reflected in his/her PRAN.

16. Can I make changes in the application and in PRAN details online?
Subscribers desirous of changing/revising the detai Is provided i n the online application form will be able to amend the details online until the stage of initiating online payment towards initial contribution for PRAN generation is completed.

After allotment of online PRAN, subscriber desirous of changing/revising the PRAN details has to contact a registered Point of Presence and comply with the existing procedures of filling up the relevant forms and submitting the with relevant documents mentioned therein.

17. How can I make subsequent contributions to my PRAN?
All subscribers (excluding NPS Lite & Atal Pension Yojana) irrespective of their PRAN being generated through online (eNPS) or physical mode (PoP) can contribute to their PRAN (Tier I & Tier II) using eNPS platform through netbanking of empanelled banks or through credit / debit cards. Subscribers are required to quote the correct PRAN and authenticate it using the OTP received by the subscriber in his/her registered mobile while initiating the payment for contribution towards his/her PRAN.

EPFO to give interest on inoperative accounts

By
igeadmin
-

EPFO to give interest on inoperative accounts

Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials

Inoperative EPF Accounts that Stopped Earning Interest in 2011, Now to Earn Interest W.E.F. 01.04.2016

Software Module for Disbursal of Salaries to EPFO Launched

EPFO’s highest decision making body, the Central Board of Trustees methere last evening . This was its 212th meeting.The Union Minister for Labour and Employment (Independent Charge) and Chairman CBT, Mr BandaruDattatreya after the conclusion of the meeting said that the Board has taken two important decisions.

The first is in relation to Organisational Restructuring of EPFO. While approving the report in principle, the Board also constituted a Committee to look into the anomalies/gaps pointed out by the Board members. The committee chaired by the Central Provident Fund Commissioner has been asked to submit this report to the Board in a month’s time.

The Second major decision was to allow crediting of interest on inoperative accounts. Accounts of members who do not receive contributions for a continuous period of three years are treated as “Inoperative accounts”. Interest on these accounts was stopped in 2011. The Board decided to resume crediting interest on such accounts w.e.f. 01.04.2016

This is in view of recent amendment to paragraph 69(1) (a) that has been amended to provide for withdrawal of full amount on retirement from service after attaining the age of 58 years.Thus, the employer’s share of contribution in the provident fund account of a member would be withheld by EPFO up to the age of retirement. Hence the decision has been taken, to credit interest as per paragraph 60 of the employees ‘Provident Funds Scheme, 1952. Such an account would not be classified as an “Inoperative Account” for the purpose of paragraph 72(6) of EPFO Scheme, 1952.

The Union minister on the occasion also launched a Software module for disbursal of Salaries to EPFO. The Organisation is bringing IT (Information Technology) enabled systems to manage its Human Resources. Better Human Resources management would bring further improvement in the service delivery by the offices.

The software will achieve the following objectives: –
-Uniformity in preparation of salary across all offices of Organization.
– Provision of Upload facility for existing data to enable speedy & correct data capture.
– No need to enter data for subsequent months. Only changes are required to be entered.
– Automated TAX calculation.
– Automated Staff Provident Fund and Loan Accounting.
– Provision to make calculation of arrears when required.

-PIB

4th Reminder from DOPT for declaration of assets and liabilities by CSS officers

By
igeadmin
-

4th Reminder from DOPT for declaration of assets and liabilities by CSS officers

REMINDER-IV

No, 21/2/2014-C5,1 (PR/CMS)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
CS.I Division

2nd Floor, Lok Nayak Bhawan,
Khan Market, New Delhi 110003

Dated the 28th March, 2016

OFFICE MEMORANDUM

Subject: The Lokpal and Lokayuktas Act, 2013- Submission of declaration of assets and liabilities by CSS officers for each year- regarding.

The undersigned is directed to refer to this Department’s O.M. of even number dated 9,4,2015 followed by reminders dated 23.04.2015, 16.7,2015, 25.08.2015, 22.09.2015 and 01,10.2015 and to say that all CSS officers have been requested to file the returns as required under the Lokpal and Lokayuktas Act 2013 as on 1.8.2014 and for the year 2015 (as on 31.3,2015) online at cscms.nic.in. The last date for submission of the returns is 15.04.2016. CSS officers who have not yet submitted the returns are requested to submit the same immediately without waiting for the last date to approach to avoid rush and slowing down of the system at the last moment, All officers of US and above levels of CSS should also take a print out of the return filed online and submit to this Department duly signed.

2. Ministries/Departments are requested to circulate this D.M. among all C55 officers under them. They should also monitor to ensure that the returns are submitted by all C55 officers within the stipulated period without fail through the Web Based Cadre Management System. In case of any technical assistance nodal officers may contact helpline at Telephone No. 24629890.

(V. Srinivasaragavan)
Under Secretary to the Government of India

Original Copy

Meeting of JCM National Council, with the Secretary Pension held on 10.3.2016

By
igeadmin
-

Meeting of JCM National Council, with the Secretary Pension was held on 10.3.2016

The periodical meeting of JCM National Council, with the Secretary Pension was held on 10.3.2016 at the the Conference hall of the Department of Personnel and Administrative Reforms, Sardar Patel Bhawan, New Delhi today i.e. 10.3.2016

After the initial comments from the Secretary Pension and the Secretary Staff Side, the items which had been subjected to discussion in the earlier meeting and the action taken statement thereon were taken up. The following were the issues that came up for discussion in the Action Taken Statement.

1. Abnormal delay in the issue of revised PPO to pre 2006 retirees pensioners/family pensioners. (as per the minutes of the JCM held on 26.02.20125).The following information was given at the meeting:

Ministry/Deptt. Total Cases Revised authority issued  PPOs yet to be revised
Civil Ministries 431172 425599 5573
Railways 984260 984260 Nil
Posts 159675 159675 Nil
Telecom 53126 52284 272

2.Cashless treatment to CGHS beneficiaries by empanelled private hospitals. The health Ministry officials stated that since the budgetary provisions are made separately for each Ministry it was not possible to ensure cashless treatment to serving employees. The concerned Department or Ministry has to enter into agreement with the hospitals.

3.Finalisation of Family pension cases within a specified period.
It was stated by the official side that the instructions have already been issued. Regarding the complaint from the M.P. Circle of the Postal Department, the matter has been taken up with the concerned authorities on 6.2.2015. The representative of the Postal Department said that the complaint has been attended to and the matter has been settled.

Agenda Items for the meeting:

1. Grant of Gratuity on retirement/death of a Central Govt. NPS subscriber. The representatives of the Pension department said that the Department of Expenditure has given their concurrence for the grant of Gratuity for the NPS subscribers on 8.1.2016. The requisite amendment to the rules, they added were being processed and the consultation with the Law Ministry and the Labour Ministry have already been made. They said that they would expedite the issuance of orders in the matter.

2. Extension of the benefits of full pension to pre-2006 pensioners who had completed more than 20 years of service but less than 33 years. The Staff side said that despite series of judgements in favour of the pensioners, the Government has not yet issued the orders. Recently the Nagpur Tribunal has issued a contempt notice to the Government. They also alleged that the pensioners are being dragged to litigation. The Representatives of the Pension Department informed that the Department of Expenditure had not agreed to extend the benefit generally to all which has resulted in filing appeal. The representative of the Department of Expenditure stated that in the light of the view of the Department of legal affairs, the matter would be re-examined.

3. Delay in the finalisation of Family pension cases by the PCDA (Pension) Allahabad. In response to the complaint the representative of the Defence Ministry informed that only in a few cases, the finalisation has been delayed due to the documentation difficulties. They assured to sort out the matter.

4. Grant of modifed parity to all those who retired prior to 1.1.2006 with reference to the upgraded post. The Staff Side stated that the Department of Pension has taken a very narrow view of the matter and the cases are dragged to the courts of law. The very spirit of the recommendation of the 5th CPC to bring about atleast modified parity if not full parity has not been appreciated by the Govt. The issue was discussed at length. The official side pointed out the decisions of the Court in favour of the position taken by the Government in the case of K.S. Krishnaswany in CANO. 3174/3006, which has been upheld by the Honourable Gujarat High Court. In reply the Staff Side pointed out that the said decisions quoted by the official side had come about due to the phrase employed while issuing the original order viz. corresponding replacement scale. After some discussions, the Chairman agreed to look into the matter afresh and revisit the order of the Department of Pension in the matter.

5.The meeting also discussed the difficulties of Pensioners during the hearing of Pension Adalats. The Staff Side pointed out the need to engage some knowledgeable person to assistant the complainants. The official side said that there had been no prohibition in the matter. The Petitioners are entitled to seek the assistance of another pensioner in presenting his case. If specific complaint of denial of this facility is brought to their notice, the Pension Department will issue the necessary instruction in the matter.

The meeting ended with a vote of thanks to the Chair

Source : http://www.confederationhq.blogspot.in/

7th Pay Commission – Minutes of the 2nd meeting of Empowered Committee held with NCJCM Staff Side

By
igeadmin
-

7th Pay Commission – Minutes of the 2nd meeting of Empowered Committee held with NCJCM Staff Side
Minutes of the 2nd meeting of Empowered Committee of Secretaries (E-CoS)

Venue: Committee Room, Cabinet Secretariat, Rashtrapati Bhawan
Date of Meeting: Thursday, the 1 st March, 2016
Time of Meeting: 6:45 PM

Members of E-CoS present
1 Cabinet Secretary
2. Chairman, Railway Board
3. Home Secretary
4 Defence Secretary
5 Secretary, D/o Science & Technology
6. Secretary, D/o Personnel & Training
7. M/o Health & Family-Welfare
8. Secretary, D/o Pension and Pensioner’s Welfare
9. Secretary (Security), Cabinet Secretariat
10. Secretary, D/o Posts
11 . Deputy Comptroller and Auditor General
Secretariat for E-CoS:
1. Jöint Secretary, Implementation Cell, D/o Expenditure
2. Director, Implementation Cell, D/o Expenditure

Representatives of JCM (Staff-side):

1 . Shri Shiv Gopal Mishra
2. Shri M. Raghavaiah
3. Shri Rakhal Das Gupta
4. Shri Ch. Sankara Rao
5. Shri J.R. Bhosle
6. Shri Guman Singh
7. Shri R.P. Bhatnagar
8. Shri K.S. Murty
9. Shri K.K.N. Kutty
10. Shri C. Srikumar
11 . Shri R. Srinivasan
12. Shri M. Krishnan
13. Shri M.S. Raja

Subject: Implementation of the recommendations of the 7th Central Pay Commission — 2nd meeting of the E-CoS

A meeting of the Empowered Committee of Secretaries (E-CoS) was held on 1 st March, 2016 in the Cabinet Secretariat under the chairmanship of the Cabinet Secretary to discuss issues raised by Staff„side of JCM

2. Welcoming the members of E-CoS and JCM Staff side, Cabinet Secretary observed that the meeting had been called to take a note of concerns of Stäff-$ide of JCM regarding recommendations of the 7th CPC and invited the members Of Staff-side of JCM to share their views on the recommendations.

3. Opening the discussion, representative of Staff-side of JCM expressed gratitude to Cabinet Secretary for inviting them for interaction regarding the recommendations of the 7th CPC and requested that more frequent interactions of JCM may be held to resolve outstanding issues across the table. It was expressed that 7th CPC has recommended a meager increase of 14% in the minimum pay as against increase ranging up to 54% during previous Pay Commissions. It was further stated that the recommendations on minimum pay, allowances, advances etc. will cause difficulty to employees. Representative of Staff-side informed that they have already submitted a charter of demands to the Cabinet Secretary bringing out the issues. These have also been discussed in the meeting of JS (IC) with Staff-side of JCM held on 19.02.2016.

4. Major concerns expressed by JCM Staff-side were as under:

The minimum pay of Rs. 18000/- p.m. recommended by the Commission is on lower side and needs to be revised upward by taking into account the prices of commodities as on 01.07.2015 and appropriately factoring in for social obligations & housing.

(ii) New Pension Scheme should be done away with. Persons governed by the NPS are deprived of Family Pension and do not have provision of provident fund. As a result they are at a disadvantageous position as compared to the persons governed by the old system.

(iii) Recommendations on allowances need to be properly examined before taking a decision.

(iv) Fixed Medical Allowance should be increased from existing Rs. 500 p.m. to Rs. 2000 p.m. as majority of cities are not covered under CGI-IS and people residing outside the CGHS covered area are unable to meet their medical needs with meager amount of Rs. 500 p.m.

(v) Recommendation regarding withdrawal of non-interest bearing advances may not be accepted.

(vi) Outsourcing of services should be discouraged as the contract workers are being exploited by contractors and at the game time the service delivery is being compromised due to inefficiency and lack of accountability of low aid contractual staff.

(vii) Enhancement in contribution towards Group Insurance Scheme, is not justified as this would reduce the actual increase in take home salary considerably. If the rates are to be raised, the Government should bear the insurance premium

(viii) The recommendation regarding grant of only 80% of salary for the second year of Child Care Leave need not be accepted as this would deter women from availing of CCL, which was introduced as a welfare measure.

(ix) Annual increments be granted @ 5% instead of existing 3% and increments may be granted on two dates viz., 1 st of January and 1 st of July of every year as in the present system of grant of increment on 1 st July of every year, employees joining/promoted after 1 st January, who do not complete 6 months services as on 1 st July, have to wait for up to 18 months for grant of increment.

(x) The Commission’s recommendation of downgrading the Assistants of Central Secretariat for bringing in parity with their counterparts in the field offices is not appropriate.

(xi) Recommendation regarding PRIS need not be accepted as no scientific mechanism has been devised to assess the performance of employees and the same could ecourage favoritism.

5. Issues regarding financial upgradation under MACPS in promotional hierarchy without grading stipulation. grant of two increments on promotion introduction of Productivity Linked Bonus, treating Grameen Dak Sevak as Government employees, removal of pap of 5% on compassionate appointment 8i full pay and allowances In case of Work Related Illness and Injury Leave improving promotional avenues for technical and supervisory staff etc. were also raised by members of JCM.

6. During the discussion, representatives of JCM also suggested that the Nodal Officers nominated by various Ministries/Departments may hold interactions with recognized Staff Associations and other stakeholders under their purview so as to identify issues specific to those Ministries/Departments for redressal.

7. After hearing the participants, Cabinet Secretary observed that the deliberations have helped E-CoS in understanding the major concerns of the Staff-side and said that all issues have been taken note of. He assured that fair consideration will be given to all points brought out by JCM before taking a final view. He further stated that the E-CoS needs to examine the Report of the Commission in entirety as well as the issues raised by JCM in consultation with all other stakeholders. As such, it may take some time to take a final call on the recommendations of the Commission.

8. Cabinet Secretary also advised the members of E-CoS to hold interactions with their Staff Associations and other stakeholders under their purview preferably within a week.

9. Meeting ended with vote of thanks to the chair.

Source : http://www.confederationhq.blogspot.in/

Dearness Allowance hiked by 6% for Central Government Employees

By
igeadmin
-

Dearness Allowance hiked by 6% for Central Government Employees

The Union Cabinet on Wednesday gave a Holi gift to central government employees with a 6% hike in the dearness allowance.

With this move, the DA will go up to 125% from existing 119%, benefitting over 10 million employees and pensioners.

The new rate of DA is expected to be implemented from January 1, 2016, which will be applicable for 4.8 million central government employees and 5.5 million pensioners. DA is paid as a proportion of basic pay of employees.

The proposal to hike DA is moved by the Finance Ministry on the basis of accepted formula for calculation. The Union Cabinet approves the DA hike for its employees.

Earlier in September 2015, DA was increased to 119 per cent from 113 per cent which was effective from July 1, 2015.
In April 2015, the government had hiked DA by 6 percentage points to 113 per cent of their basic pay with effect from January 1, 2015.

Source : IBNLIVE

7th CPC notification and struggles – Confederation

By
igeadmin
-

7th CPC notification and struggles – Confederation, Karnataka State

Comrades,

The Central Government Employees are waiting for the implementation of Seventh Pay Commission. As per the reports received, the 7th Pay Commission Pay recommendations may be notified in June after the model code of conduct of states polls which in place is in place till 21st May 2016, which is being considered as cut off point for the notification of pay commission. To be on safer side, Government most likely will release notification regarding the latest pay commission only after 21st May 2016.

Implementation cell of the Empowered Committee of Secretaries is examining the grievances of employees. After giving final touch to report, Empowered Committee will send recommendations to PMO for its nod. Once PMO will through the report, it will be placed before the Cabinet for final approval. The whole process will take another three months.

But the larger question remains in the minds of the Central Government Employees, whether the Empowered Committee of Secretaries will consider the demands raised by the Staff side JCM. The Empowered Committee of Secretaries under the chairmanship of the Cabinet Secretary had one round of discussion with the staff side JCM. The Staff side JCM has clearly informed the Empowered Committee of Secretaries that the Central Government Employees are not satisfied with 7th CPC report and wants major changes before implementation of the 7th CPC report by the Central Government. Especially on the minimum wage, fitment formula, pay matrix and allowances.

The Empowered Committee of Secretaries was also informed that the Central Government Employees are ready for strike action, if the demands of the Central Government Employees are not met by the Empowered Committee of Secretaries and the Central Government.

The Empowered Committee of Secretaries may call the staff side JCM for more discussions, if the talks fail then the Central Government Employees should prepare for the indefinite strike from July 11th for which the staff side JCM has given the call.

Comrades, these three months are very crucial to the Central Government Employees, we should not relax waiting for the talks with the Central Government, instead prepare for the action for achieving a better wage hike.

Comrades during the 5th CPC we had similar situations, we had got better wage hike after struggles, similarly this time also the similar situation has arisen due to the lowest pay hike recommended by the 7th CPC and also reduction of the number of allowances.

Hence Comrades it is high time we educate each and every employee of the Central Government about the 7th CPC wage hike and our demands , this is help us to prepare for struggle and get better wage hike.

Comradely yours

(P.S.Prasad)
General Secretary

Source : http://karnatakacoc.blogspot.in/

Atal Pension Yojana amended to give an option to the spouse to continue to contribute for balance period

By
igeadmin
-

Atal Pension Yojana (APY) amended to give an option to the spouse to continue to contribute for balance period on premature death of the subscriber; After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years of the subscriber.

The feedback received from various quarters has indicated that the present provision under Atal Pension Yojana (APY) of handing-over lump sum amount to spouse on premature death of the subscriber is not preferred by many subscribers. It has also highlighted the fact that there is growing demand to give an option to the spouse to continue contribution after the death of subscriber to enable him / her to draw pension when the deceased subscriber would have turned 60 years of age. Therefore, after considering the feedback, the Government has decided to give an option to the spouse of the subscriber to continue contributing to APY account of the subscriber, for the remaining vesting period, till the original subscriber would have attained the age of 60 years instead of present provision of handing-over lump-sum amount to spouse on the premature death (death before 60 years of age) of the subscriber. The spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse. After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years of the subscriber.

Earlier to address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily save for their retirement, the Government had launched a new initiative called Atal Pension Yojana (APY) with effect from 1st June, 2015. Under APY, each subscriber, on completion of 60 years of age, will get the guaranteed minimum monthly pension, or higher monthly pension, if the investment returns are higher than the assumed returns for minimum guaranteed pension, over the period of contribution. After the subscriber’s death, the spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse. After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years of the subscriber. In exceptional circumstances, that is, in the event of the death of beneficiary or specified illness, as mentioned in the PFRDA (Exit and withdrawals under the National Pension System) Regulations, 2015, before the age of 60 years, the accumulated pension wealth till date would be given to the nominee or the subscriber as the case may be

PIB

Holiday on 14th April, 2016- Birthday of Dr. B.R. Ambedkar

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igeadmin
-

Holiday on 14th April, 2016- Birthday of Dr. B.R. Ambedkar

F. No.12/6/2016-JCA-2
Government of India
Ministry of Personnel, Public Grievances & Pensions
(Department of Personnel & Training)

North Block, New Delhi
Dated the 21st March, 2016.

OFFICE MEMORANDUM

Subject: Declaration of Holiday on 14th April, 2016- Birthday of Dr. B.R. Ambedkar.

It has been decided to declare Thursday, the 14th April 2016, as a Closed Holiday on account of the birthday of Dr. B.R. Ambedkar, for all Central Government Offices including Industrial Establishments throughout India.

2. The above holiday is also being notified in exercise of the powers conferred by Section 25 of the Negotiable Instruments Act, 1881 (26 of 1881).

3. All Ministries/Departments of Government of India may bring the above decision to the notice of all concerned.

(G Srinivasan)
Deputy Secretary to the Govt. of India

List of Holidays 2016 – Click here

OROP Arrears Payment in Record Time

By
igeadmin
-

OROP Arrears Payment in Record Time

The Government of India which accords utmost importance to the welfare of Ex-Servicemen, has kept its promise with regard to the historic decision taken on 05 September 2015 to implement the more than four decades old demand of Ex-Servicemen for One Rank One Pension (OROP), by ensuring that payments have begun to the concerned in record time.

Orders had been issued with regard to this historic decision, through a notification on 07 November 2015 by the Department of Ex-Servicemen Welfare (ESW) of the Ministry of Defence.

Then within just three months of the issue of these orders, the Department of Ex-Servicemen Welfare (ESW) brought out detailed OROP tables on 03 February 2016, which are also available on their website www.desw.gov.in. The 101 tables in these implementation orders contain revised pension of different ranks and categories. In the past implementation of CSC-2012 and 6th CPC had taken a longer time.

More than two-thirds of the Ex-Servicemen have now been paid the OROP arrears. Payments have now reached the accounts of 13.02 lakh pensioners amounting to about Rs. 2,293 crore. This amount has been released through Defence Pension Disbursing Offices (DPDOs), the State Bank of India (SBI) and the Punjab National Bank (PNB).

The details are as follows:-

As on March 17, the DPDOs have released an amount of about Rs. 606 crore to about 3.20 lakh defence personnel.

The SBI has as released upto March 17 an amount of Rs. 1,337 crore to 7.75 lakh pensioners which includes Family Pension cases. The PNB has released as on March 17, an amount of about Rs. 350 crore to about 2.07 lakh pensioners which includes Family Pension cases.

Other Banks who have also been assigned the task of disbursement of revised defence pension to Ex-Servicemen have been directed to complete the process of payment latest by March end.

-PIB

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