Sunday, April 6, 2014

New Pension Scheme : Family pension under NPS

New Pension Scheme : Family pension under NPS

GOVERNMENT OF INDIA
MINISTRY OF  FINANCE
RAJYA SABHA
STARRED QUESTION NO-350
ANSWERED ON-18.02.2014

Family pension under NPS
350. SHRI PRABHAT JHA

Will the Minister of FINANCE be pleased to state:

(a) the details of cases of family pension sanctioned, so far, under the New Pension Scheme (NPS) to the families of deceased Central Government employees;

(b) whether family pension at the rate of old pension scheme to these family members of deceased employees has been stopped after coming into force of the New Pension Scheme;

(c) if not, the fate of those who have been receiving family pension under NPS at the rate of old pension scheme;

(d) whether some of the deceased employees have left behind them only few thousands rupees as Contributory Pension Fund (CPF) with the National Securities Depository Limited (NSDL); and

(e) if so, how Government would pay them family pension from their CPF?

ANSWER
FINANCE MINISTER
(SHRI P. CHIDAMBARAM )

(a) to (e): A Statement is laid on the Table of the House.

STATEMENT OF RAJYA SABHA STARRED QUESTION NO. *350 FOR ANSWER ON 18.02.2014 REGARDING “FAMILY PENSION UNDER NPS” RAISED BY SHRI PRABHAT JHA

(a): Central Pension Accounting Office has informed that as per its records there are 1900 cases of family pension and 20 cases of disability pension under National Pension System (NPS).

(b) and (c): The pension of the Government servants (except in the Armed Forces) appointed on or after 01-01-2004 is regulated by the NPS which is a defined contribution pension system. Employees appointed in the service of Central Government prior to this date are not covered by NPS. However, even after the introduction of NPS, the benefit of family pension is available to the families of the deceased Central Government employees covered under the NPS. Hence, family pension, at the rate of old pension scheme, to family members of deceased employees, who were in the service of the Central Government on or after 01-01-2004, is not denied or affected due to the implementation of NPS, as per the Office Memorandum (OM) No. 38/41/06/P&PW(A) dated 05-05-2009 of the Department of Pension and Pensioners Welfare, Ministry of Personnel, Public Grievances and Pensions. This OM envisages payment of various benefits on death/discharge of a Government employee after adjustment of the monthly annuitised pension from the accumulated funds in the NPS account of the employee.

(d) and (e): National Securities Depository Limited (NSDL) has informed that a few deceased employees, who passed away within a short span after joining NPS, had minimal accumulated pension wealth in their NPS accounts. However, as stated in reply to parts (b) and (c) above, the family members of the deceased employees are covered by the family pension

Source : http://rajyasabha.nic.in/

Report of 7th CPC : It is not possible to indicate the exact time by which the Report of the 7th CPC will be submitted

Report of 7th CPC : It is not possible to indicate the exact time by which the Report of the 7th CPC will be submitted
 
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA
UNSTARRED QUESTION NO-2057
ANSWERED ON-11.02.2014
Seventh Pay Commission
2057 . SHRI NARENDRA KUMAR KASHYAP
Will the MINISTER OF FINANCE be pleased to state:
(a) Whether Government has announced constitution of Seventh Pay Commission for the Central Government employees;
(b) if so, the details thereof; and
(c) the time by which the Pay Commission is expected to submit its report?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI NAMO NARAIN MEENA)

(a) and (b): Yes, Sir. The constitution of the 7th Central Pay Commission is as under:-
(i) Shri Justice Ashok Kumar Mathur – Chairman
(Retired Judge of the Supreme Court
and Retired Chairman,
Armed Forces Tribunal)
(ii) Shri Vivek Rae, – Member (Full time)
(Secretary, Petroleum & Natural Gas)
(iii) Dr. Rathin Roy, – Member (Part time)
(Director, National Institute
of Public Finance and Policy)
(iv) Smt. Meena Agarwal, – Secretary
(OSD, Department of Expenditure,
Ministry of Finance)
(c): It is not possible to indicate the exact time by which the Report of the Seventh Central Pay Commission will be submitted.

Source: http://rajyasabha.nic.in/

Merging of DA with basic pay of Central Government employees – Rajya Sabha News

Merging of DA with basic pay of Central Government employees – Rajya Sabha News

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA
UNSTARRED QUESTION NO-2062

ANSWERED ON-11.02.2014
Merging of DA with basic pay of Central Government employees
2062 . SHRI PRABHAT JHA, ARVIND KUMAR SINGH, KUSUM RAI
Will the Minister of FINANCE be pleased to state:

(a) whether Government is actively considering to merge existing dearness allowance payable to Central Government Employees with basic pay;
(b) if so, the details thereof, and if not, the reasons therefor;
(c) whether Government has received any representation from employees associations in this regard;
(d) if so, the details thereof and the details of action taken thereon; and
(e) the reasons for delay in constitution of 7th Central Pay Commission?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE
( SHRI NAMO NARAIN MEENA)

(a) No Sir.
(b) The 6th Central Pay Commission did not recommend merger of Dearness Allowance with basic pay at any stage. This has been accepted by the Government vide Resolution dated 29th August, 2008.
(c)&(d) A number of representations have been received from Associations/Organizations of Central Government Employees demanding merger of 50% of Dearness Allowance with basic pay. However, in view of (b) above, the same has not been agreed to.
(e) The Government has already decided to constitute the 7th Central Pay Commission under the Chairmanship of Justice Ashok Kumar Mathur, Retired judge of the Hon’ble Supreme Court.

Source: http://rajyasabha.nic.in/

Now Trending

Holidays to be observed in Central Government Offices during the year 2020

Holidays to be observed in Central Government Offices during the year 2020 CENTRAL GOVERNMENT HOLIDAY LISTS 2020 F.No.12/1/20...

Disclaimer:

All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. Our blog "Central Government Staff news" accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog.

Links to other websites that have been included on this blog are provided for public convenience only.

The blog "Central Government Staff news" is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.

Any suggestions write to us
centralgovernmentnews@gmail.com