Implementation of NPS
PIB
The New Pension System (NPS) has been implemented for various sectors
like Central Government, State Government, Private Sector and NPS-Life.
The status of NPS in these sectors as on 10th November, 2012 is as
under:-
The number of subscribers is increasing every year in all the sectors.
| Sector | No. of Subscribers (Figures in lakhs) | Assets under Management (Rs. In crores) |
|---|---|---|
| Central Government | 10.62 | 14,846 |
| State Government | 14.67 | 7,445 |
| Private Sector | 1.64 | 835 |
| NPS-Life | 13.05 | 344 |
| Total | 39.98 | 23,470 |
There is no proposal to increase the monthly contribution of subscribers
by the Government. The Government provides matching contribution for
the Central Government employees who are covered under the NPS scheme.
In case of NPS Swavalamban accounts, Rs. 1000/- per annum is being
contributed by the Government.
NPS Trust consisting of professionals with expertise in the field of
Investment and Asset Management has been constituted. The NPS Trust
regularly monitors the performance of the Pension Funder Managers (PFMs)
appointed by Pension Fund Regulatory & Development Authority
(PFRDA). PFMs manage the investments of subscribers of NPS in
conformity with the Investment Management guidelines prescribed by the
NPS Trust.
This information was given by the Minister of State for Finance, Shri
Namo Narain Meena in written reply to a question in Lok Sabha today.
PIB
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