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Central Government Offices Holidays 2021
Kendriya Vidyalaya Admission 2021-22: Application Form, Eligibility Criteria, Important Dates
Kendriya Vidyalaya Admission 2021-22 Online registration for Class 1 to commence from 1st April 2021 on kvsonlineadmission.kvs.gov.in
Freezing of Dearness Allowance and Dearness Relief – Finmin Orders 2020
DA Loss Calculation Table 2020

LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
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

Accounting procedure and NPS accounting for the amount of pensioner’s refund from PFRDA

September 9, 2019

Accounting procedure and NPS accounting for the amount of pensioner’s refund from PFRDA

Accounting Procedure for crediting the amount withdrawn by the pensioner from PFRDA and interest thereon in to Government Account for availing benefit of Additional Relief on Death/ Disability of the Govt Servant covered under NPS

NPS

Availing benefit of Additional Relief on Death / Disability of the Government Servant covered under NPS

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TAIKOOT-II,BHIKAJI CAMA PLACE,
NEW DELHI-110066

CPAO/IT&Tech /NPS Procedure/ 22 Vol-III/P.F./2019- 20/85-92

04.09.2019

Office Memorandum

Subject: Accounting Procedure for crediting the amount withdrawn by the pensioner from PFRDA and interest thereon in to Government Account for availing benefit of Additional Relief on Death/ Disability of the Govt Servant covered under NPS-reg.

Attention is invited to DP&PW OM. No. 38/41/06/P&PW(A) dated 05.05.2009 to be read with OM No. 28/03/2018-P&PW(B) dated 02.04.2018 wherein it is stated the “The Exit and Withdrawals under NPS regulations 2015 provides in para 6(e) that if the subscriber or the family members of the deceased subscriber, upon his death, avails the option of additional relief on death or disability provided by the Government, the Government shall have right to adjust or seek transfer of the entire accumulated pension wealth of the subscriber to itself. The subscriber or family members of the subscriber availing such benefit shall specifically and unconditionally agree and undertake to transfer the entire accumulated pension wealth to the Government, In lieu of enjoying or obtaining such additional reliefs like family pension or disability pension or any other pensionary benefits from such Government authority.” It is also stated in the OM dated 02.04.2018 that “the family of the deceased Govt. servant is entitled to family pension under old pension scheme, if they want to avail the benefits under old pension scheme. In this case the entire accumulated funds under NPS may be recovered from the family with interest However, the possibility to adjust the recovery of accumulated wealth from arrears of family pension may also be explored. “

Central Government Offices Holidays 2021
Kendriya Vidyalaya Admission Schedule 2021-22

References have been received from the Pay & Account Offices for accounting procedure for N PS corpus deposited by the pensioner/family pensioner or received from PFRDA.

O/o the CGA vide its U O no. 1(7)(2)/2010/Cla/TA/205 dated 05.08.2019 has suggested the accounting procedure for the amount of NPS corpus received from pensioner/family pensioner/ PFRDA as under:

  • The amount received may be deposited into the existing government account of the PAO concerned.
  • The receipt may be accounted for by crediting MH 0071- Contributions and Recoveries towards Pension and other retirement benefits, 01- Civil. Minor Head 101-Subscriptions and Contributions. A new sub-head ‘Accumulated Pension Wealth in respect of N PS subscribers’ may be got opened under the above head for the purpose, if already not opened.

All the Pr. CCAs/CCAs/CAs/ AGs/Administrators of UTs are requested to instruct concerned PAOs to follow the accounting procedure mentioned above.

Sd/-
(Md. Shahid Kamal Ansari)
(Dy. Controller of Accounts)

Source: CPAO

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  • Scrapping of National Pension System and extending coverage of the Old Pension Scheme under CCS Pension Rules 1972 for appointees on or after 01.01.2004 February 17, 2021 Read more…
  • Exit through Self-authorization by e-NPS Subscribers using Aadhaar – PFRDA December 27, 2020 Read more…
  • PFRDA Exits and Withdrawals under NPS Amendment Regulations 2020 October 7, 2020 Read more…
  • How to change Nomination in NPS account online | NPS Nominee Change September 15, 2020 Read more…
  • Choice for Points of Presence (POPs) to integrate with Central Record Keeping Agencies (CRAs) for National Pension System (NPS) July 19, 2020 Read more…
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  • National Pension Scheme Tier II- Tax Saver Scheme, 2020 July 11, 2020 Read more…
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Related News:

  1. PFRDA – New Pension Scheme : Clarification of Deferred withdrawal of lump sum
  2. Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS)
  3. Tax benefit available under National Pension System (NPS) – AIRF
  4. New Features Released For NPS Subscribers
  5. Withdrawal of NPS is not within the purview of NPS Committee – Confederation
  6. Revision of Additional Relief on death/disability of Government servants covered under New Pension Scheme (NPS)
  7. Important Announcements and Approvals in Board Meeting of PFRDA
  8. Important Announcements and Approvals in Board Meeting of PFRDA
  9. Not Possible to Revert Back to Old Pension Scheme
  10. Amendment to the investment Guidelines (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana)

ALLOWANCE NEWS

Travelling Allowance – Reimbursement of Travelling Charges Admissible under Daily Allowance on tour

Transport Allowance for Central Govt Employees During Nation-wide Lockdown due to COVID-19 Pandemic

7th Pay Commission Risk Allowance to Central Govt Employees – Dopt Order

7th CPC Night Duty Allowance to Railway Employees w.e.f. 01-07-2017

Review of Cost of Over Time Allowance and Travelling Allowance to Railway Servants

GDS Latest News 2021

Compensation of Rs.10 lakhs to GDS to Cover Death Due to Covid-19

Counting of Service of GDS for Grant of Pension

Provision of Ten lakh to GDS and Postal Employees of Department of Posts due to COVID19 Death

Increase Awareness of Welfare Scheme for Department of Postal and GDS Employees

Revision in Rule 4 of Gramin Dak Sevaks (Conduct and Engagement) Rules, 2020

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