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

Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form - Additional Mandatory Requirements

Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form - Additional Mandatory Requirements

20 APR 2018

Pension Fund Regulatory and Development Authority (PFRDA) has been established by the Government of India for regulation and development of Pension Sector in order to protect the old age income security of subscribers. PFRDA takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System (NPS) like new functionality development under NPS architecture, simplification of account opening, withdrawal, grievance management etc. In this regard, it has been decided by the Authority to make bank account details and mobile no. mandatory to provide ease of operation for the benefit of subscribers and make the process of Exit from NPS hassle free.

Further, in compliance with the Prevention of Money Laundering Act guidelines issued by the Government of India, Foreign Account Tax Compliance Act (FATCA) and Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI) have been made mandatory for new as well as existing subscribers. These have been made mandatory in the new Common Subscriber Registration Form (CSRF) forms that are required to be filled in by the new subscribers. The existing subscribers have been provided the facility to submit online FATCA Self-Certification in their login (www.cra-nsdl.com or https://enps.karvy.com/Login/Login ). The information regarding the said functionality is also made available on Central Record-keeping Agency (CRA) websites. The steps to be followed by the subscriber to submit online FATCA self- certification are also mentioned on the website.

It is to be ensured by the subscribers to fill the mandatory fields correctly and not leave them blank in order to avoid rejection of their forms.

PIB

Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Pension Fund Regulatory
& Development Authority

1st Floor, ICADR Building,
Plot No. 6, Vasant Kunj
Institutional Area, Phase – II,
New Delhi – 110070
Tel : 011-26897948/26897949
Fax : 011-26897938

CIRCULAR

PFRDA/2015/02/PFM/02

Date: 05 Jan. 2015

To,
All Pension Fund Managers
CRA
Custodian Trustee bank NPS Trust Auditors

Subject: Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Part B – Clause 2 of the PFRDA (Appointment of Auditors)Guidance Note-2012 -has been amended to –
Appointment of auditors and their fee will have to be approved by the Board of NPS Trust.

The recovery of the audit fee and the appointment of auditor would be applicable as per Clause 6 of ‘PFRDA (Preparation of Financial Statements and Auditor’s Report of Schemes under National Pension System) Guidelines-2012 ’.which is reproduced hereunder for ready reference:

‘Every PF shall have the financial statements of scheme audited by an external auditor who is not in any way associated with the audit of the PF or sponsor of the concerned PF or any other PF or schemes of any other PF. Scheme Auditor will be appointed by the NPS Trust and audit fee will be paid by the Pension Fund after obtaining approval for payment from NPS Trust’.

sd/-

Sumeet Kaur Kapoor
(General Manager)

http://www.pfrda.org.in/MyAuth/Admin/showimg.cshtml?ID=568
Source: http://www.pfrda.org.in/