Enrolment of Subscribers under NPS who lost both hands - PFRDA Circular

Enrolment of Subscribers under NPS who lost both hands - PFRDA Circular

PENSION FUND REGULATORY

AND DEVELOPMENT AUTHORITY

B-14/A, Chhatrapati Shivaji Bhawan,

Qutub Institutional Area,

Katwaria Sarai, New Delhi-110016

Ph: 011-26517501, 26517503, 26133730

Website: www.pfrda.org.in

CIRCULAR

PFRDA/2019/17/SUP-SG/1

04.10.2019

To,

All Central Government Ministries & Departments/ State Governments
PrAOs, PAOs, CDDOs, NCDDOs – CG Nodal offices
DTAs,DTOs, DDOs – SG Nodal offices
All Central and State Autonomous Bodies
Points of Presence

Subject: Acceptance of CSRF forms or registration under NPS in case of subscriber who has lost both hands

The Pension Fund Regulatory and Development Authority (PFRDA) has received few requests from the Govt Nodal offices, requesting PFRDA to accept the subscriber registration (CSRF) form in case of such subscriber-employees joining under them, who are unable to affix signature on the CSRF form, being due to loss of both hands.

In view of the above and to facilitate the registration of such subscribers under NPS, the Govt Nodal offices/PoPs are advised to accept the subscriber registration (CSRF) form by obtaining the toe impression of the subscriber on the CSRF form. Further, where toe impression of such subscriber who has lost both hands is obtained on the CSRF form, it should be attested by two persons, one of whom should be the official designated to handle NPS related activities in Govt Nodal office/ PoP.

Sd/-

Sumeet Kaur Kapoor

Chief General Manager

PFRDA Circular regarding enhanced Govt Contribution from 10% to 14% under NPS i.r.o. Central Autonomous Bodies

PFRDA Circular regarding enhanced Govt Contribution from 10% to 14% under NPS i.r.o. Central Autonomous Bodies

PENSION FUND REGULATORY

AND DEVELOPMENT AUTHORITY

B-14/A, Chhatrapati Shivaji Bhawan,

Qutub Institutional Area,

Katwaria Sarai, New Delhi-110016

PFRDA/17/07/11/0002/2019-SUP/CG

07.06.2019

To,

All Principal Accounting Officers of Central Autonomous Bodies

Sir/ Madam,

Subject: Necessary instructions for all CABs (Central Autonomous Bodies) concerned with reference to gazette notification F.No.1/3/2016-PR dated 31/01/2019 issued by Dept of Financial Services (DFS), Ministry of Finance containing recent announcements under NPS- reg.

This is with reference to the gazette notification F.No.1/3/2016-PR dated 31/01/2019 issued by Dept of Financial Services (DFS), Ministry of Finance (copy enclosed).

Vide the aforementioned notification, certain changes under NPS have been announced by Central Government including enhanced contribution by the Central Government to its employees covered under NPS from the existing 10% to 14% (to Tier-I account). The changes under said notification are applicable w.e.f. 01-04-2019 for Central Government employees. However, the circular is silent on the its applicability to the employees of the CABs covered under NPS.

In view of the above, PFRDA has requested the Department of Expenditure to clarify whether the above-mentioned changes/ modifications under NPS would be applicable to employees of Central Autonomous Bodies (CABs) covered under NPS.

In the interim, PFRDA has been approached by various CABs who have individually obtained their internal approvals for enhancing the employer contribution from 10% to 14% and hence, have sought PFRDA’s approval for uploading the same through the existing CRA functionality.

In light of the above and till the time clarification emerges on the matter of applicability of notification dated 31.01.2019 on CABs , it has been decided by the competent authority that the CABs who have obtained such internal approvals, should obtain a separate and express approval/concurrence for the applicability of the said provisions of the notification dated 31.01.19 on their employees from Department of Expenditure (DOE), Ministry of Finance.

Consequent upon receipt of such approval from the DOE, Ministry of Finance, a copy of the referred approval may be forwarded to the CRA, for necessary action at the CRA’s end.

Yours Sincerely,

(Sumeet Kaur Kapoor)

Chief General Manager

Source: NPSTrust.Org.in

PFRDA: Amendment to the investment Guidelines (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana)

PFRDA: Amendment to the investment Guidelines (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana)

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
B-14/A, Chhatrapati Shivaji Bhawan,
Qutab Institutional Area,
Katwaria Sarai, New Delhi-110016.

Ph: 011-26517501, 26517503, 26133730
Fax: 011-26517507
Website: www.pfrda.org.in

CIRCULAR

PFRDA/2019/8/SUP-PF/2

Date: 25.03.2019

Subject: Amendment to the investment Guidelines (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana)

Reference is invited to the Investment Guidelines for NPS Schemes (Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana) dated 3rd June 2015 issued vide circular no. PERDA/2015/16/PFM/7, the Change in Investment guidelines for NPS schemes W.r.t. Investment in equity Mutual funds vide circular no. PERDA/2018/56/PF/2 dated 20th August 2018 and Revised rating criteria for investments under NPS Schemes vide circular No. PERDA/2018/02/PF/02 dated 08.05.2018. The changes hereunder shall apply only to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana.

2. In order to provide flexibility to the Pension Funds to improve the scheme performance depending upon the market conditions, it has been decided to increase the cap on Government Securities & related investments and Short term debt instruments & related investments by 5% each.

3. The asset class wise revised caps on the various asset classes are as under:

Asset Class	Caps on Investments for composite schemes
Government Securities & related investments	Upto 55%
Debt Instruments & related investments	Upto 45%
Equity & related investments	Upto 15%
Asset backed, trust structured etc.	Upto 5%
Short term debt instruments & related investments	Upto 10%

4.The other terms and conditions as mentioned in the circular PERDA/2015/16/PFM/7 dated 03.06.2015, circular no. PERDA/2018/56/PF/2 dated 20th August 2018 and circular No. PFRDA/2018/02/PF/02 dated 08.05.2018 shall remain the same.

This circular is issued in exercise of powers of the Authority under sub-clause (b) of the sub- section (2) of section 14 of Pension Fund Regulatory and Development Authority Act, 2013 read with regulation 14 and 43 of PFRDA (Pension Fund) Regulation, 2015.

This would be effective from 01.04.2019.

Venkateswarlu Peri
(Chief General Manager)

Guaranteed Pension to the Central Government Employees governed under NPS

Guaranteed Pension to the Central Government Employees governed under NPS

File No. PFRDA/16/3/29/0081/2017-REG-PF

Date: 13th February ,2019

To
Shri C.SriKumar
General Secretary

All India Defence Employee’s Federation
S.M.Joshi Bhavan, Survey No.81,
Dr.Babasaheb Ambedkar Road,
Khadki, Pune - 411 003

Subject: Guaranteed Pension to the Central Government Employees governed under NPS - reg.

Dear Sir,
We refer to your letter No.94/1094/NPS/AIDEF/19 dated 1st February, 2019 regarding subject mentioned above.

In this regard, we inform that the Authority is in process of designing a scheme providing minimum assured returns to the NPS subscribers in terms of Pension Fund Regulatory and Development Authority Act,2013, in consultation with the Pension Funds Actuaries and Financial Sector Regulators. The Proposal is under active deliberation and being workout in best possible way. It is proposed that the final proposal would be put up for stakeholder consultation in our website once the same is ready and feedback would be received from all concerned before finalizing the proposal.
The Authority would notify such minimum assured scheme once finalized with the approval of the Government.

This is for your information.

Yours sincerely,

(Venkateswarlu Peri)
Chief General Manager

PFRDA Common Stewardship Code

PFRDA

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

B-14/A, Chhatrapati Shivaji Bhawan
Qutab Institutional Area,
Katwaria Sarai, New Delhi - 110 016.
Ph: 011-26517501, 26517503, 26133730
Fax:011-26517507
Website: www.pfrda.org.in

CIRCULAR

PFRDA/2018/01/PF/01

Date: 4th May, 2018

Subject: Common Stewardship Code

1.  National Pension System strives to provide old age income security to its subscribers of which NPS Trust is the legal owner of the funds and the Pension Funds undertaking investment of such monies as per the investment guidelines approved by the Authority. Pension Funds are expected to shoulder greater responsibility towards the subscribers/beneficiaries by enhancing monitoring and engagement with the investee companies. Such activities are commonly referred to as 'Stewardship Responsibilities' of the institutional investors and asset managers and are intended to protect the subscribers' pension wealth. Such increased engagement is also seen as an important step towards improved corporate governance in the investee companies and gives a greater fillip to the protection of the interest of subscribers in such companies.

2. In view of the above, in consultation with Securities and Exchange Board of India (SEBI) and Insurance Regulatory and Development Authority of India (IRDAI), a proposal for introducing a Stewardship Code in India was examined by a sub¬committee of the Financial Stability and Development Council (FSDC) and approved.

3. All the Pension Funds under the NPS architecture shall follow the Stewardship Code as placed at Annex including the voting policy dated 20.04.2017, which is already recognized in such principles and is effective.

4. The principles (other than voting policy which is already in effect) enumerated in the Code shall be effective from the date of issuance.

5. This Circular is issued in exercise of the powers conferred under Sections 14 (1) read with 14 (2) (a) & (b) of the Pension Fund Regulatory and Development Authority Act, 2013.

6. This Circular is available at www.pfrda.org.in/ under the link "Regulatory Framework- Circulars".

S/d,
(Venkateswarlu Peri)
Chief General Manager

To
Pension Funds registered with PFRDA