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Exemption from National Pension System (NPS) – NFIR (RAILWAY BOARD)

March 6, 2018

Exemption from National Pension System (NPS) – NFIR

Exemption of Railway employees appointed on or after 1.1.2004 from the purview of National Pension System (NPS)

Government of India(BHARAT SARKAR)
Ministry of Railways (RAIL MANTRALAYA)
(RAILWAY BOARD)

No.2012/F(E)III/1(1)/4-Pt.

New Delhi, dated 13/02/2018

The General Secretary,
NFIR,
3, Chelmsford Road,
New Delhi – 110055

Dear Sir,
Sub : Exemption of Railway employees appointed on or after 01.01.2004 from the purview of National Pension System (NPS) – regarding

The undersigned is directed to refer to NFIRs letter No. IV/NPS/PFRDA BILL/Part- I dated 13.02.2017, 26.10.2017 and 11.12.2017 on the above subject.

2. In this regard it is informed that on the request of NFIR, Hon’ble former Minister of Railways, Sh.Suresh Prabhu had written a D.O letter dated 11.04.2017 to the Hon’ble Minister of Finance and Corporate Affairs, Sh.Arun Jaitley, to have a second look on the issue of exemption of Railway employees from the application of National Pension System (NPS). In reply, Hon’ble Minister of Finance and Corporate Affairs Sh. Arun Jaitley has communicated that the matter was reconsidered in consultation with pension Fund Regulatory and Development Authority (PFRDA) and that the request for exemption railway servants appointed on or after 01.01.2004 from the application of NPS does not seem to be feasible proposition.

Yours faithfully,
sd/-
for Secretary/Railway Board

Source: NFIR

Related posts:

  1. Exemption of Railway employees from New Pension Scheme/National Pension System (NPS) – NFIR writes to Railway Board on 24th October 2015
  2. Exemption of Railways from New Pension Scheme (NPS)
  3. Exemption of Railways from NPS – NFIR
  4. Tax exemption for withdrawals under the National Pension System (NPS)
  5. Exemption from New Pension Scheme (NPS) to Railway Employees
  6. Under Secretary, Govt of India responds to GS/NFIR on the National Pension System
  7. Eligibility of Old Pension Scheme to Substitutes who attained temporary status prior to 01.01.2004 – Railway Board clarification order
  8. National Pension System Employees shall eligible for benefit of ‘Retirement gratuity and Death gratuity’ as per CCS (Pension) Rule,1972
  9. National Pension System (NPS) : pfrda
  10. Income Tax benefit available under National Pension System – PFRDA

ALLOWANCE NEWS

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Cabinet approves Regulariztion of certain allowances

Revision of Allowances as per 7th CPC to University, College Teachers, Finance Officers and Controller of Examinations

7th CPC OTA for Operational Staff List Preparation

Grant of Running Allowance to Ticket Checking Staff – NFIR

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