Income Tax Deduction for NPS Subscribers
As per the Income Tax Rules, the following Tax Deductions are allowed to all the central government employees in NPS
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New Pension Scheme
New Pension Scheme, NPS News, NPS withdrawal, NPS Deduction
PFRDA Circular: Change of Pension Fund and Asset Allocation by NPS subscribers
Under All Citizen Model and NPS Corporates Sector Model, the subscriber or employer, as the case may be, shall have the option to change the investment choice / asset allocation four times in a financial year.
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NPS Employee Eligible for Family Pension under CCS (Implementation of NPS) Rules 2021
As per CCS (Implementation of NPS) Rules 2021, the NPS employee is eligible for Family Pension under CCS (Pension) Rules,1972 in the event of death during service
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Important initiatives for Central Government employees covered under NPS
Central Government employees covered under NPS : Initiatives taken from introduction to till date by DoPPW, DoPT, Department of Financial Service and Ministry of Health and Family Welfare Important initiatives
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Online exit process for NPS subscribers under Government Sector
PFRDA is pleased to extend the online and paperless process of exit to the Subscribers of Government Sector as an option in addition to the existing physical mode of exit.
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CCS (Payment of Gratuity under National Pension System) Rules 2021
Department of Pension and Pensioners’ Welfare has issued Notification dated 23.9.2021 in respect of Rules regarding Payment of Gratuity Rules under National Pension System. The Central Civil Services (Payment of Gratuity under National Pension System) Rules 2021 is provided below
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Enhancement of Lump sum Withdrawal limit on Exit from NPS
As per PFRDA (Exit and Withdrawal) (Amendment) Regulations, 2021 dt 14th June 2021, the provisions related to lump sum withdrawal from NPS have been modified for the benefit of Subscribers
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Payment of Family Pension on death of a Government Servant under NPS
Consequent upon issue of notification regarding CCS (Implementation of NPS) Rules, 2021 by DoPPW, the head of accounts for making payment of invalid pension/disability pension or family pension on death of a Government Servant under National Pension System is suggested as below
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Process Flow for Government Subscribers Registration through eNPS for Government official
Now, the Government employees (who are covered under NPS) will have the facility to register online in NPS and generate Permanent Retirement Account Number (PRAN) through eNPS. The process of registration through eNPS will be a paperless process wherein the Subscriber will submit the registration request through digital signature.
National Pension Scheme to Old Pension Scheme-Rajya Sabha Reply
Government servants who were declared successful for recruitment in the results declared on or before 31.12.2003 against vacancies occurring before 01.01.2004 and covered under the National Pension System on joining service on or after 01.01.2004, may be given a one – time option to be covered under the Central Civil Services
(Pension) Rules, 1972
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PFRDA (Exit and Withdrawals Under the National Pension system) Amendment Regulations 2021
These regulations may be called the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (Amendment) Regulations, 2021. These shall come into force on the date of their publication in the official gazette