Highlights
Regulating service matters covered under NPS.
Detail guideline for processing various benefits.
New Delhi: The Department of Pension & Pensioners Welfare (DoPPW) has issued notification for Central Government employees for regulating the service matters of Central Government employees covered under the National Pension System.
The New Defined Contribution based Pension Scheme was introduced vide Department of Economic Affairs Notification No. 5/7/2003-ECB & PR dated 22nd December, 2003.Thereafter the activities under the National Pension System viz. registration, contribution, investment, fund management, withdrawals, annuity, etc. are regulated by the PFRDA Act, 2013.
However, there were several service matters pertaining the NPS employees which were not covered by the PFRDA Act. Therefore, in order to streamline the implementation of NPS, DoPPW initiated the proposal for framing of separate service rules for NPS employees.
Highlights
The DoPPW has issued a clarification on the amount admissible in case a child is eligible to draw two family pensions after the death of his or her parents.
Singh said that the amount of both the family pensions will now be restricted to Rs 1,25,000 per month, which is more than two and half times higher than the earlier limit.
Union Minister Jitendra Singh on Friday stated that in a far-reaching reform regarding family pensions the upper ceiling has been raised from Rs 45,000 to Rs 1,25,000 per month. He said the move will bring “Ease of Living” for the family members of the deceased employees and would provide adequate financial security to them.
Life Certificate submission date extended for Pensioners: Dr Jitendra
NEW DELHI: As a major relief to senior citizens, the Life Certificate submission date has been extended for Pensioners up to February 28, 2021. This important concession for Central government pensioners has been made by the Department of Pension & Pensioners’ Welfare (DoPPW) in view of the difficulties faced by the elder citizens in the wake of COVID pandemic.
Disclosing this here today, Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh, who is also In-Charge Department of Pension & Pensioners’ Welfare, said that this decision has been taken considering all the sensitivities to avoid pandemic risk emanating from gathering of crowds at the Pension Disbursing Banks. In addition to this, he informed that the pensioners above the age of 80 years were given an exclusive window from