Thursday, January 16, 2014

Fixation of Pay of Senior PAs with the PAs of CSSS promoted between 1.1.2006 to 31.8.2008 clarification

Fixation of Pay of Senior PAs with the PAs of CSSS promoted between 1.1.2006 to 31.8.2008 clarification regarding allowing arrears — regarding

No.5/16/2009-CS-11(C)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training

3rdFloor, Lok Nayak Bhawan,
Khan Market, New Delhi-110003.
Date: 13th January, 2014.

OFFICE MEMORANDUM

Subject: Fixation of Pay of senior PAs in the pre-revised scale of Rs.7450-11500 with the PAs of CSSS promoted between 1.1.2006 to 31.8.2008 —clarification regarding allowing arrears — regarding.

The undersigned is directed to say that references are still being received from Ministries/Departments regarding fixation of pay of senior PAs of CSSS and payment of arrears in the revised pay structure with the PAs of CSSS who were promoted between 1.1.2006 to 31.8.2008. PAs of CSSS promoted between 1.1.2006 to 31.8.2008 were allowed arrears from the date of their promotion as they had come over to the revised pay on the date of their promotion. Seniors to such promotee PAs of CSSS, however, were subsequently allowed stepping up of their pay with reference to these officials and they were not allowed arrears on the ground that the officials with reference to whom they got their pay stepped up were also not entitled to this.

2. The issue of fixation of pay with reference to the pre-revised pay scale of Rs. 7450-11500 and payment of arrears was taken up by Establishment Division of this Department with Department of Expenditure as this amounts to compelling the senior official, who was already serving as PA prior to 1.1,2006 and opted for fixation of his pay under revised pay rules from 1.1.2006 to opt for revised pay structure from the date of stepping up with the junior.


3. It is, therefore, clarified that the senior is entitled to arrears of pay from the date he opted to come over to the Revised Pay Scales tilt the date of stepping up of pay. These will be paid on the basis of pay actually fixed as on 1.1.2006.

sd/-
(Kameshwar Mishra)
Under Secretary to the Govt. of India
Source: www.persmin.nic.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02csd/16012014.pdf]

Pension to Gramin Bank Staff

Pension to Gramin Bank Staff : Govt answer in Lok Sabha:-

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO 371
ANSWERED ON 06.12.2013
PENSION TO GRAMIN BANK STAFF
371 . Shri A.K.S. VIJAYAN

Will the Minister of FINANCE be pleased to state:-

(a) whether Government has any proposal to extend pension scheme to all officers and employees of Gramin Banks across the country;
(b) if so, the details thereof and if not, the reasons therefor;
(c) whether the Government has consulted all the trade unions in this regard; and
(d) if so, the details thereof?

ANSWER

The Minister of State in the Ministry of Finance (Shri Namo Narain Meena)
(a) & (b): The employees of Regional Rural Banks (RRBs) are getting pension under provisions of Employees Provident Fund (Misc. Provisions) Act, 1952. However, the Government has in principle decided to allow RRBs to adopt pension at par with Nationalized Banks under prescribed frame work.
(c): No, Sir.
(d): Does not arise.

Source:  Lok Sabha Q & A

No cashless CGHS treatment from February 1, 2014

No cashless CGHS treatment from February 1, 2014
The 800 hospitals in the country empaneled under the Central Government Health Scheme will stop cashless transactions from February 1, 2014, because, they claim, the government has not cleared arrears of Rs 600 crore.

The aggrieved hospitals have come together under the umbrella of the Association of Healthcare Providers India and had served notice to the CGHS office in New Delhi on December 13, 2013.

A meeting with the Union health secretary K.N. Desiraju on January 9 yielded no results.

A senior officer of AHPI said, “The amount has been budgeted in the health budget and it must be released. But it is not being done. Hence, the question is, where is it going?”

Since 2010, the hospitals have been complaining of 40 per cent unauthorised deductions in the payments. Now they have come together to put across their point to the government.

AHPI general secretary for AP Govind Hari says, “The problem started in 2002 when they started inviting tenders. In doing so, they reduced the cost of surgeries drastically. Also, orthopaedic treatment costs Rs 3,200 in Karnataka and Rs 10,000 in AP. These errors in terms of determining the cost put the hospitals in a spot.”

A senior member of the APHI said, “We want to quit as it has become more of a burden than a service as the clearance promise of 180 days is hardly followed.”

Additional director, CGHS, Dr Prasad, says, “We have not received any communication from the hospitals.” But senior officers in the Begumpet office of the department say there has been an assessment of the pending amount, and deliberations have started to sort out that matter.

Source: http://www.deccanchronicle.com
[http://www.deccanchronicle.com/140116/news-current-affairs/article/no-cashless-cghs-treatment]

Exposure Draft on Guidelines for withdrawal of 25% accumulated contributions by NPS Subscribers

Exposure Draft on Guidelines for withdrawal of 25% accumulated contributions by NPS Subscribers
 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

EXPOSURE DRAFT
ON GUIDELINES FOR WITHDRAWAL OF 25 % OF ACCUMULATED CONTRIBUTIONS BY NPS  SUBSCRIBERS

Issued on: 15th January, 2014
Last date to accept Comments: 15th February, 2014

As per Chapter VI, Sec 20 (2b) of the PFRDA act, 2013 it has been provided that withdrawals, not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individual pension account subject to the conditions, such as purpose, frequency and limits as may be specified by the regulations.

Keeping the above in perspective, the draft guidelines for withdrawal of 25 % of accumulated contributions by NPS subscribers are proposed and comments from the public and all concerned are invited. It may also be noted that suggestions on addition/alteration in the proposed guidelines can also be given. Comments/Feedback may be forwarded by email to the e-mail id k.sumit@pfrda.org.in latest by 15.02.2014.
Comments should be given in the following format:
Name of entity/ person
Sr.No.Pertains to which Section/sub-section and Page numberProposed/ suggested changesRationale
    

Written comments in the above format may be addressed to:
Mr. Sumit Kumar 
Dy. General Manager 
Pension Fund Regulatory & Development Authority 
1st Floor, ICADR Building, Vasant Kunj Institutional Area Phase - II 
Vasant Kunj, New Delhi - 110070

 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

INTRODUCTION
As per Chapter VI, Sec 20 (2b) of the PFRDA act, 2013 it has been provided that withdrawals, not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individual pension account subject to the conditions, such as purpose, frequency and limits as may be specified by the regulations. In order to finalise the regulations for withdrawals, it becomes imperative to develop the formal aspects of the permitted withdrawals allowed under the Act for the benefit of NPS subscribers.


EXISTING EXIT / WITHDRAWAL GUIDELINES UNDER NATIONAL PENSION SYSTEM (NPS)

The current exit / withdrawal guidelines under NPS are framed in such a manner that the subscriber has a long period of accumulation of corpus for providing him with a decent accumulated pension wealth when he retires or he moves out of the regular work routine due to age. Also, it lets the subscriber have the freedom to move out of the scheme at any point of time, irrespective of cause or reason which determines the complete exit from the scheme.

The following are the current rules/guidelines for withdrawals under NPS as approved by PFRDA:

a) Exit from NPS upon attaining the age of Normal superannuation (for govt. employees only) or upon attaining the age of 60 years (for all subscribers other than govt. employees): At least 40% of the accumulated pension wealth of the subscriber needs to be mandatorily utilized for purchase of an annuity providing for the monthly pension of the subscriber and the balance is paid as a lump sum payment to the subscriber.

b) Exit from NPS before attaining the age of Normal superannuation (for govt. employees only) or before attaining the age of 60 years (for all subscribers other than govt. employees): At least 80% of the accumulated pension wealth of the subscriber needs to be utilized for purchase of an annuity providing for the monthly pension of the subscriber and the balance is paid as a lump sum payment to the subscriber.

c) Upon Death: The entire accumulated pension wealth (100%) would be paid to the nominee / legal heir of the subscriber.

For Swavalamban withdrawals under (a) & (b) in the previous page, there is an overriding condition on the lump sum payment payable due to which the entire accumulated pension wealth would be annuitised in case if the monthly pension obtained by using the 40%/80% of the pension wealth is below Rs.1000/- per month. Also, these exit/withdrawal rules as applicable to NPS can be modified/altered from time to time by the Authority as the NPS progresses.

BACKGROUND
The withdrawal of 25% of accumulated contributions under NPS is in addition to the withdrawal permitted at the time of exiting from NPS by the subscriber as specified above. The subscriber can continue to contribute in the scheme while using such withdrawal facility. These guidelines shall determine the circumstances under which the NPS subscriber can avail such withdrawal functionality under different time frames and thereby putting certain limits to which shall be adhered by him/her.

The guidelines are framed taking into the purpose and object of NPS i.e., to ensure a decent accumulated pension wealth in the accounts of the subscribers at the time of exit.

FEEDBACK /COMMENT PERIOD
The Feedback /Comments on this exposure draft received till 15th February, 2014 would be considered for evaluation by PFRDA. The decision of PFRDA on all and any matters related to the subject matter is final and binding on all stakeholders.


PROPOSED GUIDELINES FOR WITHDRAWAL OF 25 % OF ACCUMULATED CONTRIBUTIONS BY NPS SUBSCRIBERS

As per Chapter VI, Sec 20 (2b) of the PFRDA act, 2013 it has been provided that withdrawals, not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individual pension account subject to the conditions, such as purpose, frequency and limits as may be specified by the regulations. As the decision in this regard has to form part of the regulations to be made
under Sec 52 of PFRDA Act, we need to arrive at a decision on the matter purpose, frequency and limits of such withdrawals which would be allowed.

Posts examining the various aspects of the probable needs and duration, following aspects have been proposed in respect of the aforesaid guidelines:

(a) Purpose:
This withdrawal may be treated as partial withdrawal and whereby the subscriber can withdraw not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individual pension account for any of the following purposes only:

i) For Higher education of his/her children including a legally adopted child.

ii) For the marriage of his/her children, including a legally adopted child.

iii) For the purchase/construction of residential house or flat. However, if the subscriber already owns a residential house or flat, the same is not allowed as a ground for the withdrawal.

iv) Treatment for prescribed illnesses – suffered by subscriber or his legally wedded spouse and children. For this purpose, the prescribed illness referred above consists of hospitalization and treatment for the following diseases/illnesses:

1. Cancer
2. Kidney Failure (End Stage Renal Failure)
3. Primary Pulmonary Arterial Hypertension
4. Multiple Sclerosis
5. Major Organ Transplant
6. Coronary Artery Bypass Graft
7. Aorta Graft Surgery
8. Heart Valve Surgery
9. Stroke
10. Myocardial Infarction (First Heart Attack)
11. Coma
12. Total blindness
13. Paralysis

b) Limits:
It has been proposed that there should be limitation on eligibility as well as the maximum limit for each withdrawal that can be permitted till the person stays invested in National Pension System. We propose the following eligibility criteria and limit for availing the benefit:

1. The subscriber should have been in NPS for at least ten years and contributing to the scheme.
2. Subscriber can withdraw accumulations not exceeding twenty-five percent (25%) of the contributions made by him and standing to his credit in his NPS account, as on the date of application for withdrawal.

c) Frequency:
It is recommended that the subscriber may be allowed to withdraw at the most three (3) times from the scheme during the tenure and should have a gap of at least 5 years before availing the withdrawal facility for the next time. However, the mandatory requirement of 5 years gap between two successive permitted withdrawals would not be applicable in case of “treatment for above prescribed illnesses”.

We are proposing the above frequency in order to make sure that the subscriber should be left with a decent and considerable accumulated pension wealth at the time of superannuation/age of 60 years enabling him to purchase sustainable annuity.

The request for withdrawal should be sent along with relevant document through the Nodal Office/POP/Aggregator to Central Record Keeping Agency for processing of the withdrawal claim.

Source:  www.pfrda.org.in
[http://www.pfrda.org.in/writereaddata/linkimages/Exposure%20Draft%20withdrawal.pdf]

EPFO may come out with a scheme to provide housing

Besides managing retirement funds, EPFO may come out with a scheme to provide housing...
EPFO may provide housing to subscribers on additional payment of 10 pct
PTI | New Delhi | Updated: Jan 13 2014

Besides managing retirement funds, EPFO may come out with a scheme to provide housing to its over 5 crore subscribers on additional contribution of 10 per cent by them from their basic wages every month.

The idea was mooted by Labour Minister Oscar Fernandes during a function of Employees' Provident Fund Organisation (EPFO) on Sunday.

"EPFO can deduct extra 10 per cent of their basic wages over the mandatory contribution of 12 per cent made by them at present. The money can be used to provide them housing facility," he said.

The minister said most of the workers throughout their working life live in rented accommodation and their entire saving on retirement is spent on purchasing a house.

At present, all workers covered under the EPFO schemes, pay 12 per cent of their basic wages toward PF contribution every month. The basic wages include basic pay and dearness allowance.

Asked about the minister's proposal, EPFO's central Provident Fund Commissioner K K Jalan said: "We will definitely work on the proposal. He (the minister) has a lot experience."

As per another official, EPFO had earlier constructed houses and provided to workers covered under its scheme. However, they did not have to make any additional contribution during the Sahib Singh Verma's tenure as Labour Minister.

EPFO has a corpus of around Rs 5 lakh crore and receives an incremental deposits of over Rs 60,000 crore every year.

An EPFO subscriber said: "The body has the huge financial strength to take up any big housing project and complete it. But one has to see that how many members would come forward to take a cut of 10 per cent cut on their basic wages."

Source: http://www.financialexpress.com
[http://www.financialexpress.com/news/epfo-may-provide-housing-to-subscribers-on-additional-payment-of-10-pct/1218106]

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