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LATEST CENTRAL GOVERNMENT EMPLYOEES NEWS
Central Govt Holidays 2023 | Dopt Orders on Holidays 2023
34% DA Order for Central Govt Employees wef 01.01.2022 - Finmin Orders 2022
Revised Rates of HRA 27%, 18% and 9% from 01.01.2021 - Finmin Orders 2021
Central Government Holiday List 2022
KVS ONLINE ADMISSION 2022-23 FOR CLASS 1
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KV Online Fee Payment 2022-23 | KV UBI Fee login (epay.unionbankofindia.co.in KV Fee)

LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
Revised Rate 34% DR Order for Central Government Pensioners and Family Pensioners from 1.1.2022
Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
FR 56(j) of CCS (Pension) Rules age of 50 years or on Completion of 30 years of Service
Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

Benefits of National Pension Scheme (NPS)

December 11, 2015

Benefits of National Pension Scheme (NPS)

Financial Impact on Employees Under National Pension Scheme (NPS)

The National Pension System (NPS) has been designed giving utmost importance to the welfare of the subscribers under NPS. There are a number of Benefits of National Pension Scheme (NPS) available to the employees under NPS. Some of the benefits are enlisted below:

• NPS is a well designed pension system managed through an unbundled architecture involving intermediaries appointed by the Pension Fund Regulatory and Development Authority (PFRDA) viz, pension funds, custodian, central record keeping and accounting agency, National Pension System Trust, trustee bank, points of presence and annuity service providers. It is prudently regulated by PFRDA which is a statutory regulatory body established to promote old age income security and to protect the interests of subscribers of NPS.

• Dual benefit of low cost and power of compounding – The pension wealth which accumulates over a period of time till retirement grows with a compounding effect. The all-in-costs of the institutional architecture of NPS are among the lowest in the world.

Central Govt Holiday List 2023 PDF | Holiday Calendar 2023 India

• Tax Benefits – The tax benefits are available to the NPS subscribers under the provisions of the Income-tax Act, 1961. These were further increased in the Finance Bill, 2015.

• Transparency and Portability is ensured through online access on the pension account by the NPS subscribers, across all geographical locations and portability of employments.

• Partial withdrawal – subscribers can withdraw upto 25% of their own contributions before attaining superannuation age, subject to certain conditions.

Some representations have been received from certain quarters against the implementation of the NPS. The main demand in these representations is that NPS may be scrapped and the Government may revert to old defined benefit system. But the Government does not propose to reimplement the old pension scheme by doing away with NPS.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

Source: PIB News

Related News:

  1. PFRDA – New Pension Scheme : Clarification of Deferred withdrawal of lump sum
  2. Number of Subscribers Registered Under National Pension System (NPS) has more than Doubled
  3. New Website of National Pension System Trust Launched
  4. Employees Provident Fund(EPF) to be Provided two Options
  5. Payment of Gratuity and Guaranteed Benefits under New Pension Scheme (NPS) Beneficiaries – BPMS Resolutions
  6. Exemption of Railway employees from New Pension Scheme/National Pension System (NPS) – NFIR writes to Railway Board on 24th October 2015
  7. Recovery of NPS subscription fee/charge – NC JCM writes to DoPT
  8. NPS is more beneficial than EPF
  9. National Pension System for Central Government Employees
  10. New Pension Scheme : Analysis of the Issues by the 7th Pay Commission

ALLOWANCE NEWS

Revision of Minimum Wages and Variable Dearness Allowance – Lok Sabha Q and A

IDA from July 2022 at 391% to CPSE Employees for 1997 Pay Scales

DA from July 2022 at 190.8% to CPSE Employees for 2007 Pay Scales

DA from July 2022 at Revised Rate 32.5% to CPSE Employees for 2017 Pay Scales

5th CPC Dearness Relief Order for CPF Beneficiaries from 01.01.2022

GDS Latest News

Review of the Scheme for Engagement of the Dependent of a Deceased GDS on Compassionate Grounds

June 7, 2022 By admin Leave a Comment

34 Percent DA Order to GDS Employees wef 1.1.2022

April 12, 2022 By admin Leave a Comment

Revised GDS Online Engagement Process wef 4th Week of January 2022

January 24, 2022 By admin Leave a Comment

Enhancement of Rs. 20,000/- to Rs. 50,000/- to GDS Employees Suffering from COVID-19

November 25, 2021 By admin Leave a Comment

Review of Security Amount to be Furnished by the Gramin Dak Sevaks (GDS)

November 22, 2021 By admin Leave a Comment

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