Guaranteed Pension to the Central Government Employees governed under NPS

Guaranteed Pension to the Central Government Employees governed under NPS

File No. PFRDA/16/3/29/0081/2017-REG-PF

Date: 13th February ,2019

To
Shri C.SriKumar
General Secretary

All India Defence Employee’s Federation
S.M.Joshi Bhavan, Survey No.81,
Dr.Babasaheb Ambedkar Road,
Khadki, Pune - 411 003

Subject: Guaranteed Pension to the Central Government Employees governed under NPS - reg.

Dear Sir,
We refer to your letter No.94/1094/NPS/AIDEF/19 dated 1st February ,2019 regarding subject mentioned above.

In this regard, we inform that the Authority is in process of designing a scheme providing minimum assured returns to the NPS subscribers in terms of Pension Fund Regulatory and Development Authority Act,2013, in consultation with the Pension Funds Actuaries and Financial Sector Regulators. The Proposal is under active deliberation and being workout in best possible way. It is proposed that the final proposal would be put up for stakeholder consultation in our website once the same is ready and feedback would be received from all concerned before finalizing the proposal.
The Authority would notify such minimum assured scheme once finalized with the approval of the Government.

This is for your information.

Yours sincerely,

(Venkateswarlu Peri)
Chief General Manager

National Pension System - New Functionalities to provide benefits of subscribers and nodal offices

National Pension System - New Functionalities to provide benefits of subscribers and nodal offices

Pension Fund Regulatory and Development Authority (PFRDA) takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System (NPS) like new functionality development under NPS architecture, simplification of account opening, withdrawal, grievance management etc. In this regard, recently many new functionalities have been released by the Central Recordkeeping Agency (CRA) to provide the ease of operation for the benefit of subscribers and nodal offices. These are detailed below:

Functionalities for NPS subscribers:

S.N	Functionalities	Brief Description
1	Online Submission of Foreign Account Tax Compliance Act (FATCA) Declaration	In-order to facilitate quick FATCA compliance, facility to submit online FATCA Self-declaration has been provided to the subscriber in their CRA login (www.cra-nsdl.com). The information regarding the said functionality is also made available on CRA websites. The steps to be followed by the subscriber to submit online FATCA self-declaration are also available on the website.
2	Interoperability between CRAs	Karvy Computershare Pvt. Ltd. (KCRA) was selected as a second CRA under NPS. Now, Subscribers/ Nodal Offices have option to open permanent retirement account with either of the CRAs. The existing Subscriber can also select CRA of his/her choice. To facilitate migration of Subscriber across CRAs (Karvy- CRA to NSDL- CRA and NSDL-CRA to Karvy- CRA), the CRA Interoperability functionality has been developed. The Subscriber will be required to approach target CRA to initiate the shifting request, the target CRA will facilitate the shifting request under NPS. Inter CRA shifting request will be allowed once in a financial year.
3.	New features under eNPS	1. Hindi version of eNPS module The bilingual version of eNPS module has been developed for convenience of NPS Subscriber. The Subscriber shall have option to choose the desired language option (either English or Hindi) for Registration and/or Contribution through eNPS. 2. eSign for Aadhaar based Registration In case of registration through Aadhaar, it was mandatory for Subscriber to submit physical Application Form within 90 days of completion of registration under eNPS. eSign facility (Aadhaar e-KYC services) has been integrated with eNPS platform to enable the Subscriber to sign his/her PRAN Application electronically. This process has eliminated the requirement of submission of physical documents to CRA. 3. New Payment Gateway - Bill Desk In eNPS, along with SBI ePay, Bill Desk has been integrated as the second Payment Gateway Service Provider. This will help the Subscriber to make payment through any service provider as per his/her choice by selecting the available payment options. Addition of Billdesk as new payment gateway has ensured participation of new banks which were not part of SBl e-Payment gateway especially AXIS Bank and HDFC Bank.
4.	New features in NPS Mobile App	1. Tier II Withdrawal Subscriber can now initiate Tier II account withdrawal under NPS using Mobile App. The Subscriber will log into the App with their User ID and password. An option to select Tier II withdrawal and generate One Time Password (OTP) is available in Mobile App. On entering the correct OTP, Subscriber will have an option to select mode of Withdrawal - (i) lump sum (amount), or (ii) scheme wise units. Once the option is selected and relevant details are submitted by the Subscriber, the same will get executed in the CRA system and funds will get transferred to Subscriber's Bank Account registered with CRA. 2. Aadhaar Seeding The Subscriber can now link his/her Aadhaar to NPS account using Mobile App. The Subscriber will log into the App with his/her User ID & password and select the option of ‘Add/Update Aadhaar Number'. The option will be available to the Subscriber to provide his/her Aadhaar. Once Aadhaar is entered, the details of Subscriber registered under NPS will get authenticated with details available in UIDAI database. Post authentication, an OTP will be sent to the Subscriber's mobile number registered with UIDAI. The Subscriber will enter the OTP and on entering the correct OTP, Aadhaar will get seeded for the PRAN. 3. Reset password using OTP Subscriber can now reset his/her password using Mobile App through OTP. The Subscriber is required to enter his/her PRAN, Date of Birth and set his/her new password and generate OTP. On entering the correct OTP received on his/her mobile (registered with CRA), the password becomes active. This option is in addition to the option of resetting password using secret question.
5.	New features under Atal Pension Yojana (APY)	1. ePRAN Card and Transaction Statement The facility to download and/or print ePRAN Card and Transaction Statement is made available to APY Subscriber. The APY Subscriber can access their ePRAN Card and Transaction Statement through CRA NPS Lite website (www.npslite-nsdl.com). The Subscriber have an option to search their ePRAN Card and Transaction Statement with/without PRAN details. The Subscriber are then required to provide minimum details like PRAN and Bank Account Number or Subscriber Name, Bank Account Number and Date or birth registered in the CRA system under APY. 2. Alert for Grievances An Email/SMS alert (along with Token No.) is sent to APY Subscriber on generation and resolution of a grievance in CRA system.

Functionalities for Nodal Offices:

S. N.	Functionalities	Brief Description
1.	Online Subscriber Registration by DDOs	The facility to register Subscriber online using Online PRAN Generation Module (OPGM) is made available to Drawing and Disbursing Office (DDOs) for Government Sector. The DDOs can capture the Subscriber registration details online in the CRA system.  The details entered by DDO needs to be verified by associated PAOs. On verification of registration details in the CRA system, PRAN gets generated online. This facility is an extension to the functionality already available with Pay & Account Offices (PAOs).
2.	Enhancement in Central Grievance Management System (CGMS)	1. Standard Frequently Asked Questions (FAQs) along with answers against respective query category are now available to Subscriber & Entity (raising grievance on behalf of NPS Subscriber) in CGMS. The Subscriber raising any query through CGMS will have a provision to view the FAQs & relevant answers based on the category of grievance selected. 2. The fortnightly email alerts are sent to the Nodal Office for pending grievances. Now, these alerts are enhanced to have the details of all pending grievances. 3. A facility is provided to Nodal Office under NPS Lite and APY to download the pending referrals for associated Subscriber. Also, email alerts will be sent to NPS Lite and APY Offices for all grievances raised & resolved during the day. 4. The fortnightly email alerts will be sent to Oversight Offices under NPS Lite and APY regarding the grievances which are pending for more than 15 days under CGMS.
3.	Error Rectification Module (ERM)	An ERM request can be processed by the Nodal Office through whom the contributions were uploaded in CRA system. In addition, now in case of State Govt., the facility to perform a single ERM transaction on behalf of all the underlying Nodal Offices is provided to the Oversight Office. This will save efforts and time of multiple ERM requests being captured by different Nodal Offices.
4.	Online Corporate Registration	A facility for online registration is enabled for Corporates through eNPS platform. Corporate is required to provide the requisite registration details and select a POP for association and submission of the relevant documents for further processing. The registration details captured by the Corporate are to be authorized by associated POP.
5.	Retirement Adviser:	The Retirement Advisers (RAs) are appointed by PFRDA to engage in the activity of providing advice on NPS thereby to extend the reach of NPS. The RAs can be an individual, registered partnership firm, body corporate, or any registered Trust or society. The online platform has been developed and released in the CRA system to facilitate registration of an individual/entity as RA.
6.	Withdrawal Reports / MIS in Nodal Office login	Additional reports related to Withdrawal have now been made available to Nodal Offices for better monitoring: a) Physical withdrawal forms received but online withdrawal request not processed b) Non Receipt of Physical Forms for online withdrawal processed cases c) Online withdrawal requests pending for authorization
7.	New CRA Toll Free Helpline	Dedicated toll free number (1800222081) is made available to Nodal Offices for contacting CRA regarding their general queries / complaints.  This is in addition to an existing toll free number (1800222080) available for NPS Subscribers.

Source : PIB

Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Pension Fund Regulatory
& Development Authority

1st Floor, ICADR Building,
Plot No. 6, Vasant Kunj
Institutional Area, Phase – II,
New Delhi – 110070
Tel : 011-26897948/26897949
Fax : 011-26897938

CIRCULAR

PFRDA/2015/02/PFM/02

Date: 05 Jan. 2015

To,
All Pension Fund Managers
CRA
Custodian Trustee bank NPS Trust Auditors

Subject: Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Part B – Clause 2 of the PFRDA (Appointment of Auditors)Guidance Note-2012 -has been amended to –

Appointment of auditors and their fee will have to be approved by the Board of NPS Trust.

The recovery of the audit fee and the appointment of auditor would be applicable as per Clause 6 of ‘PFRDA (Preparation of Financial Statements and Auditor’s Report of Schemes under National Pension System) Guidelines-2012 ’.which is reproduced hereunder for ready reference:

‘Every PF shall have the financial statements of scheme audited by an external auditor who is not in any way associated with the audit of the PF or sponsor of the concerned PF or any other PF or schemes of any other PF. Scheme Auditor will be appointed by the NPS Trust and audit fee will be paid by the Pension Fund after obtaining approval for payment from NPS Trust’.

sd/-

Sumeet Kaur Kapoor
(General Manager)

http://www.pfrda.org.in/MyAuth/Admin/showimg.cshtml?ID=568

KVS Orders - Nomination details for NPS subscribers

KVS Orders - Nomination details for NPS subscribers

 

KENDRIYA VIDYALAYA SANGATHAN

18th INSTITUTIONAL AREA, SHAHEED SINGH MARG, NEW DELHI -110016

 

F.No.110126125/01/2013/KVS/NRDCPS/nomination/PF

Dated: 11.12.2013

The Deputy Commissioner/Director,

Kendrlya Vidyalaya Sangathan,

All Regional Offices/ZIETs.

 

Sub: - Nomination details for subscribers.

 

Sir/Madam,

I am enclosing herewith circular No F No AS/PM/JJ/MS/ 201353372 dated 14.10.2013 received from Central Record keeping Agency, National Pension System (NSDL), Mumbai in connection with the nomination details for subscribers for your Information and further necessary action. This may also be circulated to all the Vidyalayas under your Region and displayed in Regional website also.

Yours faithfully,

sd/-

(B.C.D.Kumar)

Assistant Commission (Fin)

 

CENTRAL RECORD KEEPING AGENCY 

NATIONAL PENSION SYSTEM

NSDL

 

AS/PM/JJ/MS/201353372

Date: October 14, 2013

Deputy Commissioner

Pr.AO, Kendriya Vidyalaya Sangathan, 

New Shahid Jeet Singh Marg

New Delhi - 110602

 

Reg. No.: 3001876 

 

Dear Sir/Madam,

Subject: Nomination details for subscribers.

As you are aware, providing of nominee details by subscribers in the subscriber registration form (or through Annexure S2 form) is of utmost importance as it reduces the inconvenience/operational difficulties in processing of withdrawal requests upon death of the subscriber. There are certain subscribers underlying your office who have not yet provided nomination details (for these subscribers, nomination is not registered in CRA system).

 

You are requested to advise these subscribers to provide the nomination details so that these details can be captured in the CRA system by your underlying office. The subscribers can provide the nomination details in the S2 form or the form RN-402 as provided by PFRDA for registration of nomination (copy enclosed). Once the nomination details are provided by the subscribers, these details can be updated in the CRA system by your underlying offices.

 

Some of the subscribers may also be Non-IRA compliant. For these subscribers, you are requested to ensure that subscriber registration forms (S1 forms) submitted by these subscribers contain valid nomination details as well.

 

An email in this regard has already been sent to your office and the underlying PAOs.

 

Thanks & Regards

Central Recordkeeping Agency (National Pension System)

 

Click here to view the 'Request for Registering Nomination' form...

 

Source: www.kvsangathan.nic.in

[http://kvsangathan.nic.in/CircularsDocs/CIR-NPS-12-12-13.PDF]

Provide CSD Canteen facility to Defence Civilians - Writes Gurudass Gupta MP to Minister for Defence

Provide CSD canteen facility to Defence civilians-Writes Sh Gurudass Gupta MP to Minister for defence

GURUDAS DAS GUPTA
MEMBER OF PARLIAMENT
(LOK SABHA)

35-36, D. D.U Marg
Avenue, New Delhi-110002
Tel. 23217320/23220264
Fax: 23222427
Mobile 9868180640

GENERAL SECRETARY
ALL INDIA TRADE UNION CONGRESS

Dated 20.6.2013

Dear Shri Antony,

I am enclosing a copy of the Ministry of Defence order on the Smart Card of Canteen Stores Depot to Retired Civilian Employees. There is persistent demand from Retired Civilian employees for availing canteen depot facilities. The demand has been pending since long, I shall be grateful if you kindly consider this demand with sympathy and favorably and agree to issue Smart Card of Canteen Stores Depot to Retired Civilian Employees so that they may also avail C&D facilities.

With regards,

Yours sincerely,
sd/-
(Gurudas Das Gpta)

Source: www.scm-bps.blogspot.in
[http://scm-bps.blogspot.in/2013/09/provide-csd-canteen-facility-to-defence.html]

PFRDA NEWS : Appointment of new Trustee Bank (TB) under National Pension System (NPS)

Pension Fund Regulatory and Development Authority has issued a circular pertaining to the Axis Bank is  appointed of  new Trustee Bank (TB) under National Pension System (NPS) through its portal. The complete text of the order has been given below for your reference...
Circular

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

PFRDA/2013/10/CRTB/1

30th April, 2013

To
All Central Government Ministries & State Governments
All PrAOs / PAOs / DTAs / DTOs
All POPs / POP-SPs / Aggregators / Corporates
All PFMs / ASPs

Dear Sir / Madam,

Subject : Appointment of new Trustee Bank (TB) under National Pension System (NPS) - reg.

1. All the offices are hereby informed that Axis Bank has been appointed as a new Trustee Bank in place of Bank of India (the current Trustee Bank) for National Pension System (NPS) with effect from 1st July, 2013.

2. Accordingly, all NPS related funds are to be remitted to the designated accounts of Axis Bank from 1st July, 2013. The Offices shall continue to remit funds to the designated NPS Trust accounts being maintained with the current Trustee Bank, I.e., Bank of India till 30th June. 2013.

3. Kindly note that the overall procedure for remittance of funds to the Trustee Bank and Matching & Booking of Subscriber Contribution Files (SCF) as well as the receipt of funds from Trustee Bank shall remain unchanged.

4. The Offices are requested to take note of the same. A detailed circular communicating the new NPS Trust Account numbers where the funds will have to be remitted from 1st July, 2013 and the name, contact numbers and email ids of the Axis Bank officials for any query/assistance will be communicated subsequently.

Yours faithfully
sd/-
(Subroto Das)
Chief General Manager

Source: www.pfrda.org.in
[http://pfrda.org.in/writereaddata/linkimages/Appointment%20of%20TB7841226642.pdf]