Tag Archives: New Pension Scheme

NPS- Corporate Sector Model – Discontinuation of ‘Corporate- CG scheme.’ for new corporates joining NPS

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Pension Fund Regulatory and Development Authority
1st Floor, ICADR Building, PIot No. 6. Vasant Kunj
Institutional Area Phase II, New Delhi-110070

CIRCULAR

PFRDA/2012-13/04/CORP/2

Date 12th February 2013

SUBJECT : NPS- Corporate Sector Model – Discontinuation of ‘Corporate- CG scheme.’ for new corporates joining NPS.

It has been decided, with immediate effect, to withdraw the option of Corporate- CG scheme under the NPS-Corporate Sector Model except for those corporates which have opted for it already. However, corporates / subscribers will continue to have the flexibility of choosing the investment pattern, with any PFM of their choice, wherein, if they so desires, they can align their asset mix with Govt. mandated investment pattern.

2. Henceforth, no further switchover to or opting of Corporate – CG scheme shall be permitted to the Corporates.

sd/-
Deepa Kotnis
(Chief General Manager)

Source: www.pfrda.org.in
[http://pfrda.org.in/writereaddata/linkimages/Discontinuation%20of%20Corporate%20CG%20Scheme6144022871.pdf]

Fixed Medical Allowance to railway beneficiaries of New Pension Scheme drawing additional relief on death /disability of railway servant

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GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)

No. PC-VI/ 311
New Delhi, dated 22-01-2013.

RBE No. 05/2013
No. PC-V/2010/A/Med./1

The General Manager
All Indian Railways & Pus
(As per mailing list)

Sub:- Fixed Medical Allowance to railway beneficiaries of New Pension Scheme drawing additional relief on death /disability of railway servant.

The Fixed Medical Allowance (FMA) is granted to Railway pensioners/family pensioners in terms of instructions contained in Board’s letter dated 21-4-99, 1-3-2004 and subsequent clarifications issued from time to time.

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National Pension Schemes will be linked to Aadhar, says Jairam

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Ministry of Rural Development

National Pension Schemes will be linked to Aadhar, says Jairam

The Rural Development Minister Shri Jairam Ramesh today said that National Social Assisstance Programme, NSAP will be completely restructured and all payments under the scheme will be done through Aadhar-based payment system. Talking to a select group of media persons here, he said, the restructured system will be in place by 10th of March this year and it will ensure that each beneficiary under old age, disabilities and widow pension schemes will get one’s entitlement every month and there will be no delay in payments. He said, the Central government spends nearly 8,000 crore rupees under the NSAP scheme, but the devolvement of funds is being done in a complicated process in a layered manner, which he said will be rectified and only one State Agency will be identified for receipt of funds for final disbursement to pass book holders through Aadhar-based system.

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