New Monitoring Rule for NPS : Are Ministries Keeping Employee Contributions on Track? DoPPW insists 6-Monthly Report

Monitoring Rule for NPS under the NPS oversight mechanism

The Monitoring Rule for NPS (National Pension System), under the NPS oversight mechanism, requires Ministries to submit biannual (six-monthly) reports to DoPPW to ensure that employee contributions are being maintained and managed accurately.

Are Ministries Keeping Employee Contributions on Track?

It has been decided by the Government that an NPS oversight mechanism be established in each Ministry/Department to ensure proper monitoring of NPS contributions. This mechanism will ensure that employee contributions are regularly credited to their individual NPS accounts. Additionally, a six-monthly status report is to be submitted to the Department of Pension and Pensioners’ Welfare (DoPPW).

No.- 57/02/2021-P&P W(B)/7138
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Pension and Pensioners’ Welfare

Lok Nayak Bhawan, Khan Market,
New Delhi, Dated: 14.10.2024

Office Memorandum

Subject: Submission of six-monthly report on status of implementation of NPS through the NPS oversight mechanism online portal – reg.

Undersigned requests to refer to this Department’s O.M. of even number dated 04.06.2024 regarding submission of six-monthly report of NPS through the NPS OSM Portal for October, 2023 to March, 2024 pursuant to the instructions of Department of Expenditure vide OM No. 1(24)VEV/2016 dated 02.07.2019.

2. It is advised in the aforesaid instructions that an NPS oversight mechanism would be set up in each Ministry/Department to ensure proper monitoring of NPS contributions and ensuring that the same are regularly getting credited into the individual accounts of the employees covered under NPS and a 6- monthly status report may be sent to the DoPPW.

3. This Department circulated vide letter dated 07.06.2021 a prescribed format for the said report. Further DoPPW developed a portal with URL https://pensionersportal.gov.in/NPS for further facilitation. It was requested to furnish details of Nodal officers who would be handling the portal to this Department and also to submit the six monthly reports through the said portal. An user manual for handling the portal was also provided.

4. 50 Ministries/Departments have furnished details of Nodal officers who have been registered on the portal by this Department. Further 34 Ministries/Departments submitted their report online through the portal during the last six-monthly period. Now, report for the six-monthly period from April, 2024 to September, 2024 is due for submission.

5. In view of the above, all Ministries/Departments are requested to submit their six monthly reports for the period April, 2024 to September, 2024 thro the NPS OSM portal.

(Dhrubajyoti Sengupta)
Joint Secretary to the Government of India

Financial Advisors,
All Ministries / Departments

View the Order pdf