Monday, March 18, 2019

Government will soon start the selection process for the new PFRDA chairman

Government will soon start the selection process for the new PFRDA chairman

"The Finance Ministry will soon come out with an advertisement to find a successor to head the Pension Fund Regulatory and Development Authority (PFRDA),"

Contractor's term will be completed on April 30, 2019.

PFRDA was re-constituted into a statutory body after notification of PFRDA Act in 2014.

Contactor is the first Chairman to head the regulatory body. He had joined PFRDA on October 7, 2014.

As per the Act, the chairman will have a tenure of 5 years or till age of 65 years, whichever is earlier.
Contractor was previously held the post of SBI managing director before being appointed as the PFRDA Chairman.

The pension fund regulator has reached a subscriber base of 2.65 crore in its flagship National Pension System (NPS) and Atal Pension Yojana (APY) schemes and hopes to cover nearly 2.72 crore subscribers by the end of the current financial year.

The APY, mainly targeting the unorganised sector employees, offers five slabs of pension from Rs 1,000 - Rs.5,000 per month upon retirement. Employees in the age bracket of 18-40 years can sign up for an APY account.

NPS is a voluntary defined contribution retirement savings scheme for government employees as well as for those working in the organised and unorganised sectors.

PTI

DoPT Order: Declaration of Holiday on 14th April 2019 – Birthday of Dr.B.R.Ambedkar

DoPT Order: Declaration of Holiday on 14th April 2019 – 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)
Establishment (JCA-2) Section
North Block, New Delhi
Dated the 15th March, 2019.
OFFICE MEMORANDUM
Holiday_ 14thApril2019_DoPT_Orders_2019

Subject: Declaration of Holiday on 14th April, 2019-Birthday of Dr.B.R.Ambedkar.

              It has been decided to declare Sunday, the 14th April 2019, as a public holiday on account of the birthday of Dr B.R.Ambedkar, for all Central Government Offices including Industrial Establishments throughout India by invoking the powers under Section 25 of Negotiable Instruments Act, 1881.

2. All Ministries/Departments of Government of India may bring the above decision to the notice of all
concerned.
(Juglal Singh)
Deputy Secretary to the Govt. of India
2309 2338

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