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NPS-Corporate Sector Model : ‘Corporate-CG scheme’ will be introduced by Central Government

Pension Fund Regulatory and Development Authority 1st Floor, ICADR Building,Plot No.6, Vasant Kunj Institutional Area, Phase II, New Delhi-11 0070 CIRCULAR PFRDAICIR/1/Corporate-CG/1 Date: 18th October 2012 SUBJECT: Change in Central Government Investment Model for the Corporate Sector Under the NPS-Corporate sector model, the Corporates have been provided option to select the Central Govt. Investment model [...]

October 21, 2012  Tags: Corporate CG Scheme, Fund Managers, New Pension Scheme, New Pension System, NPS, Pensioners, PFM  Posted in: NPS, Pension  No Comments

Revision of Investment Management Fee (IMF) for Pension Fund Managers for Private Sector NPS

CIRCULAR PFRDA/CIR/1/PFM/1 Date: 31-08-2012 To, All Pension Fund Managers, National Securities Depository Limited Stock Holding Corporation of India Bank of India NPS Trust Sub: Revision of Investment Management Fee (IMF) for Pension Fund Managers for Private Sector NPS 1. Based on the recommendations of the Expert Committee to determine the Upper ceiling of the Investment [...]

September 1, 2012  Tags: Fund Managers, National Pension Scheme, New Pension Scheme, New Pension System, PFRDA  Posted in: NPS  No Comments

National Pension Scheme fee hike to make pension fund mgmt sustainable: IDFC

National Pension Scheme fee hike to make pension fund mgmt sustainable: IDFC IDFC, one of the fund managers of National Pension Scheme (NPS), today said the proposed revision in fund management charges will help sustain the retirement fund industry in the long-run as all players are losing money under the present fee structure. "The proposal [...]

August 15, 2012  Tags: Fund Managers, IDFC, MGMT, National Pension Scheme, National Pension System, New Pension Scheme, NPS  Posted in: E.News, NPS, Pension  No Comments

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• Latest Stories...

  Revision of Income Criterion to exclude Socially Advanced Persons/ Sections (Creamy Layer) from list of other Backward Classes (OBCs)
  
  National Pension System (NPS) - NPS status report as on May 7, 2013
  
  Defence Civilian Medical Aid Fund (DCMAF) - 31.5.2013 is the last date to enroll as member
  
  Utilisation of mileage points / other incentives earned by CPSE employees on tickets purchased for official travel
  
  Travelling Allowances for Medical Treatment - Reimbursement for air travel in emergency cases
  
  Promotion of Section Officers of CSS to Grade-I (Under Secretary) on ad-hoc basis — reg.
  
  Dopt issued orders on DPC - Change of the term Departmental Confirmation Committee (DPC - for confirmation) - reg.
  
  Granting Rs. 4200 grade pay to 30% UDC after completion 5 years service…
  
  Expected DA from July 2013
  
  Death-cum-Retirement Gratuity under New Pension System

• Featured Stories

  DA FROM JAN 2013
  How to calculate DA...
  
  Hospitals empanelled under CGHS
  List of new hospitals empanelled under CGHS–LUCKNOW
  
  Agenda Items for NAC
  Agenda Items for the meeting of National Anomaly Committee meeting (NAC)
  
  Fixation of Pay - FR22(I)(a)(1)
  Fixation of Pay on Promotion or Upgradation as per Revised Pay Rules, 2008.
  
  DA order by Finmin
  DA orders issued by Finance Ministry...
  
  Employment News
  Employment News publishes new chart of employment offers
  
  MACP Clarification
  MACP Clarification for Non-Teaching employees of KVS...
  
  No Stepping up
  No Stepping up for Pre-2006 Pensioners – Who were in the scale of Rs.6500-10500.
  
  What is “Hierarchy”..?
  The formation of pay structure is called ‘Promotional Hierarchy’...
  
  Holidays and Public Holidays
  Holidays and Public Holidays declared by TN for the year 2012…

• Our Demands…

  Pay Revision of Pay with effect from 1.1.2011
  Pay Revision should be implemented after every five years...
  
  Compassionate Appointments
  Compassionate appointments in the Railways continue to be operated without any such ceiling...
  
  Functioning of the JCM
  The forum of Departmental Councils must be immediately revived in all Departments and made effective as an instrument to settle the demands of the employees...
  
  Remove the ban on recruitment and creation of posts
  Not a single Group A. post was abolished as most of the departments offered to do away with Group C and D posts even in the place of require Gr.A posts...
  
  Revising Over Time Allowance and Night Duty allowance rates
  The Government must accept the award of the Board and issue instructions linking the allowance to the actual pay of the employee.
  
  Grant five promotion in the service career – Career progression
  For the efficient functioning of an institution, more important is to provide them a systematic career progression...
  
  Scrap the New Pension Scheme
  The one day strike on 12th December, 2012 must be seen as a beginning of the sustained and incessant struggles in the days to come.
  
  Arbitration Awards
  The official side discussed the issue on several occasions but did not conclude with the result that these awards are still pending..
  
  Merger of DA with Basic Pay
  Recommendation of the 3rd CPC was to merge the DA when it crossed 36%, 5th CPC merged 60%, 5th CPC merged 98% of DA with pay and necessary that the Government takes steps to merge atleast 50% of DA with pay...
  
  

• Most Visited Posts…

  MINUTES OF THE MEETING OF NATIONAL ANOMALY COMMITTEE HELD ON 12th DECEMBER, 2009 Second National Anomaly Committee Meeting – Discussion and Decisions by Mr. K.K.N.Kutty Second National Anomaly Committee Meeting – Discussion and Decisions by Staff Side Leader MINUTES OF THE MEETING OF NATIONAL ANOMALY COMMITTEE HELD ON 12th DECEMBER, 2009 DOPT Published the Minutes of Second Meeting of the National Anomaly Committee Latest CSD price list for Washing Machine / Motorcycle / Oven etc., Consolidated instructions on Regularization of Unauthorized Absence Expected Dearness Allowance from July-2010 for Central Government Employees Extension in the tenure of the National Anomaly Committee Revision of option exercised under Rule 6 of the Central Civil Services (Revised Pay) Rules, 2008 Date of Next Increment : EXTRA ORDINARY LEAVE (EOL) Counts as Qualifying Service for Increment Minutes of the 46th Ordinary Meeting of the National Council (JCM) held on 15th May, 2010 MACP scheme for Group B, C & D employees of IITs and the salient features of the scheme Grant of Fixed Medical Allowance (FMA) to the Railways pensioners/family pensioners LTC – 80 Scheme : Air ticket fare reimbursement – reg. Date of Next Increment – Clarifications on CCS(Revised Pay) Rules, 2008 Cadre Restructuring of Central Secretariat Services (CSS) Fixation of pay on promotion under CCS (Revised Pay) Rules with some illustrations.... Treatment taken in Railway Hospitals under CS(MA) Rules, 1944.... Extension of Modified Assured Career Progression Scheme to the Staff Car Drivers Granting 3rd financial upgradation under the Modified ACP Scheme to Stenographers .... Clarifications regarding pay fixation of existing Group ‘D’ Employees in the revised pay structure.... Promotion of UDCs of Central Secretariat Clerical Service (CSCS) to the Assistant’s Grade.... Central implementing One-Rank One-Pension for ex-servicemen Department of Expenditure has approved to extend the Modified Assured Career Progression Scheme to Central Autonomous/Statutory Bodies CGHS – Fresh empanelment of private hospitals and revision of package rates – 1.9.2010... Introduction of Health Insurance Scheme for Central Government Employees and Pensioners Dearness Allowance January 2011 Modified Assured Career Progression Scheme (MACPS) for the Railways Employees – Clarifications Child Care Leave – CCL for women employees – Clarification MACP Scheme – Doubts and Clarifications published on 9.9.2010 Safety Related Retirement Scheme covering safety categories in Railways Govt employees near retirement should not be disturbed: CAT Guidelines on Air Travel on Tours / Leave Travel Concession How to calculate the amount of Encashment of Leave Salary… Grant of House Rent Allowance to Railway employees posted to new Zones/new Divisions AGENDA ITEMS FOR THE 19th MEETING OF STANDING COMMITTEE OF VOLUNTARY AGENCIES (SECOVA) Grant of Pay Structure of Grade Pay of Rs.4600 in PB-2 to the post that exists in the pre-revised scale of Rs.6500-10500 as on 01.01.2006 The next Meeting of the National Anomaly Committee will be held on 15.02.2011. National Anomaly Committee meeting – Decisions & Discussions Raising the retirement age of central government employees from 60 to 62..! Subscribers Registered under the New Pension System (NPS) Increment may be given when an employee is promoted within same grade pay Salary earners with income up to Rs 5 lakh need not file returns. AICPIN for the month of Apr-2011 National Anomaly Committee 3rd meeting – Decisions & Discussions Allowances increase by 25% from 11.2011 - Dopt order Retirement age stays 60, pensioners disappointed Retirement of five govt employees at 58 invalid: HC BSNL introduces Special offer to Central Government Employees… Travelling Allowance Rules – Implementation of the Sixth Central Pay Commission Pension can’t be withheld due to pending criminal case: CAT Retirement Age from 60 to 62..! Public Provident Fund (PPF) Clarification on increase in certain allowances 25%... ‘People earning up to Rs 5 lakh need not file IT return’ Fixed Medical Allowance to beneficiaries of New Pension Scheme... Expected Dearness Allowance from July-2011 Definition of "Actual Travelling Expenses" Clarification on Travelling Allowance Rules- Implementation of the Sixth Central Pay Commission... LTC 80 Fare List : Air India Domestic Fare List : Updated July, 2011... Retirement Age : An ILC Global Alliance Circular – March 2011 Policy to be followed in case where persons refuse promotion to a higher grade... Enhancement in the rate of various allowances by 25% as a result of enhancement of dearness Allowance w.e.f. 01.01.2011 SENIORITY OF DIRECT RECRUITS AND PROMOTEES Seniority is the critical issue for employees who joined in appointment... Rates of Dearness Allowance as per 4th CPC Our viewers asked to know the rates of dearness allowance as per 4th CPC... Latest list of Hospitals under CGHS in Bengaluru, Chennai and Mumbai cities Government has announced frequently that the list of hospitals under CGHS... History of Dearness Allowance Dearness Allowance is compensatory part of wages. In India, DA is being paid since the Second World War. What is “Hierarchy”..? An employee who gets promoted from lower pay-scale to higher pay-scale as a result of promotion, the formation of pay structure is called ‘Promotional Hierarchy’

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