Enhancement of ceiling of Payment of Gratuity to the NVS employees from Rs.10.00 lacs to Rs.20.00 lacs

Enhancement of ceiling of Payment of Gratuity to the NVS employees from Rs.10.00 lacs to Rs.20.00 lacs

Navodaya Vidyalaya Samiti

Ministry of Human Resource Development

Government of India

(Department of School Education & Literacy)

B-15. Institutional Area. Sector-62 Noida

Gautam Budh Nagar, Uttar Pradesh -201209

Dated: 24.02.2020

NOTIFICATION

Sub:- Enhancement of ceiling of Payment of Gratuity to the employees of NVS from Rs.10.00 lacs to Rs.20.00 lacs.

It is hereby notified that the ceiling limit of Gratuity has been enhanced from Rs.10.00 lacs to Rs.20.00 lacs with effect from 29.03.2018 in respect of the employees who joined NVS prior to 01.01.2004.

Also read: Benefit of gratuity in respect of Central Government Employees counting of service on joining new service covered under National Pension System (NPS)

It is also notified that the NVS-Payment of Gratuity Rules, 2007 hither to in operation has been scrapped. Henceforth, the Payment of Gratuity, as amended from time to time under Payment of Gratuity Act, 1972 ( amended in 2018) will be applicable for employees of NVS who joined NVS prior to 01.01.2004.

This has the approval of the Ministry as communicated vide letter No. F.No. 17-30/2018-UT-3 dated 11.02.2020.

Also check: NPS: Extension of benefits of Retirement Gratuity and Death Gratuity to the Central Government employees covered by New Defined Contribution Pension System (National Pension System)

(G. Arumugam)

Joint Commissioner (Admn.)

Annuity based alternate pension proposal for the employees of NVS prior to 1.1.2004

Annuity based alternate pension proposal for the employees of NVS prior to 1.1.2004

F. No. 3-1/2018 -NVS(Admn)/3584

Date : 4/12/2018

To,
The Deputy Commissioner,
All Regional Offices

Sub: Annuity based alternate pension proposal for the employees of NVS prior to 1.1.2004 - reg.

Sir,
In continuation to this office letter of even number dated 06.12.2018 seeking willingness of the employees with regard to introduction of alternate annuity based pension, it is to clarify the following:-

1. Own share of employee in the existing CPF scheme shall remain intact. It will not be utilized for creating the corpus fund of the alternate pension plan.

2. However, the management share of the existing CPF scheme will be utilized to form the corpus fund for the proposed annuity based pension scheme.

3. Proposed basic pension is 50% of the basic pay at the time of retirement and there is no provision for DA thereon.

4. Provision for commutation of pension upto 1/3rd of the basic pension exists..Employee at the time of retirement can get the commutation value. It would be more or less equal to the management share. Besides 213rd of basic pension per month fixed at the time of retirement is payable.

5. The pension is payable till the pensioner is alive. There is no provision for family pension after death of the employee.
6. However, proposal for provisioning of DA and family pension is also being sent to the Ministry for
consideration.

7. In case of death of the eligible employees during service, Provision for a lump sum insured amount payable to their dependents is proposed to be covered under group term Insurance Scheme.

The afore mentioned information may be widely circulated amongst the eligible employees to enable them to franchise their options/willingness for the proposed annuity based pension.

This issues with the approval of Competent Authority.

Yours faithfully,
S/d,
(B.C. Panda)
Assistant Commissioner (Admn.)

NPS Applicable to NVS Employees w.e.f. 1.4.2009

NPS Applicable to NVS Employees w.e.f. 1.4.2009

The New Pension Scheme introduced for the Central Government employees w.e.f. 1.1.2004, was made applicable to the regular employees of NVS w.e.f. 1.4.2009.

Pension benefit to teachers of Jawahar Navodaya Vidyalayas

The option to switchover to the GPF Scheme was available only to the employees of those institutions which were in existence as on 1.1.1986. Since the Navodaya Vidyalaya Samiti (NVS) was registered as a society only on 28.2.1986, the option of switchover to GPF scheme was not applicable to the employees of NVS.

The employees of NVS had been given the benefits of Contributory Provident Fund (CPF) scheme since its inception. The New Pension Scheme (NPS), which was introduced for the Central Government employees w.e.f. 1.1.2004, was made applicable to the regular employees of NVS w.e.f. 1.4.2009. Those employees who had joined NVS on regular basis before 1.4.2009 were given an option to continue with the existing CPF scheme or to join the NPS.

The option was to be exercised by 3.11.2009. Those employees of NVS who have opted for and are covered under the NPS, are entitled to the benefits envisaged under this scheme. Thus, the teachers of the Jawahar Navodaya Vidyalayas are already entitled to benefits of either the CPF scheme or the NPS scheme having regard to the option exercised by them.

This was stated by Shri Satya Pal Singh, Minister of State for Human Resource Development in a written reply to a question in Rajya Sabha on 13.12.2018.