new pension scheme - Page 2

Deduction of commuted pension from pension revised in implementation of recommendations of Pay Commission

Notification No. 42/15/2022-P&PW(D)/4 25/10/2022

What amount shall be deducted from pension in cases where the pension is subsequently revised on implementation of recommendations of Pay Commission, etc....

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Monthly commuted pension not deductible from family pension if pensioner dies before restoration of commuted pension

No. 42/15/2022-P&PW(D)/5 25/10/2022

whether deduction towards commutation are required to be made from family pension for the remaining period in cases where the pensioner dies before the restoration of commuted pension....

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Emoluments for determining mandatory contributions under NPS

Notification No. - 57/03/2022-P&PW(B)/8361 25/10/2022

No. – 57/03/2022-P&PW(B)/8361 Government of India Ministry of Personnel, Public Grievances and Pensions Department of Pension and Pensioners’ Welfare *** 3rd Floor, Lok Nayak Bhavan, Khan Market, New Delhi, Dated the 25th October, 2022 OFFICE MEMORANDUM Subject: Emoluments for determining mandatory contributions under Nati...

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How to open/update NPS account using Driving License issued in DigiLocker

Steps for opening NPS account and updating address in NPS account using Driving License issued in DigiLocker ...

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Posted Under: Corporate Law |

Voluntary Contributions under D Remit enabled through UPI

Circular no.: PFRDA/2022/20/SUP-TB/1 11/08/2022

Pension Fund Regulatory and Development Authority Circular no.: PFRDA/2022/20/SUP-TB/1 | Dated: 11th Aug, 2022 To, All the NPS stakeholders Subject: Voluntary Contributions under D Remit enabled through UPI In continuation of our Circular no. PFRDA/2020/44/SUP-CRA/17 dt 01.10.2020 and Circular no. PFRDA/2021/6/SUP-CRA/5 dt 10.03.2021 vid...

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e-Investment Choice for Government sector NPS subscribers

Circular No. PFRDA/2022/17/SUP-CRA/05  01/08/2022

Central Government NPS Subscribers can choose any one of the available PFs and Investment Option as per their choice among the following: A. Active Choice - 100% Allocation into Government Securities B. Conservative Auto Choice - 25% Allocation in Equity Asset Class C. Moderate Auto Choice - 50% Allocation in Equity Asset Class...

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Responsible Innovation through Regulatory Sandbox (RS)

Circular no. PFRDA/2022/15/FT&DA/01 28/07/2022

Regulatory Sandbox (RS) nurtures responsible innovation in Financial/Pension/Retirement Planning services to promote efficiency, which eventually benefits the investors, Subscribers, consumers and users....

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PFRDA reconstituted Pension Advisory Committee

Notification No. F. No. PFRDA/17/RES/25 19/05/2022

Pension Fund Regulatory and Development Authority (PFRDA) hereby reconstitutes  Pension Advisory Committee constituted earlier vide Gazette Notification dated 16th September, 2020 with effect from 19th May, 2022. PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 19th May, 2022 F. No. PFRDA/17/RES/25.—In exer...

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PFRDA Working Paper on Perspectives on Pension-Sector in India

The paper observes that India’s pension-sector (NPS plus APY), provides a flexible mode of oldage income-security not only for salaried employees but also to the common person. In the recent 5-years, 2017-18 to 2021-22, subscriber numbers have multiplied over three-fold led by APY...

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Posted Under: Corporate Law |

More than 99 lakh APY accounts enrolled during FY 2021-22

The total enrollments under APY Scheme have crossed 4.01 crore as on March 2022 out of which more than 99 lakh APY accounts were opened during FY 2021-22. The scheme had seen this tremendous success due to the active participation of all categories of Banks. Around 71% of the enrolments done by Public-sector banks, 19% by Regional Rural B...

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Posted Under: Corporate Law |

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