NPS is applicable to all employees joining services of Central Government including Central Autonomous Bodies (except Armed Forces) on or after 1st January 2004. Many State Governments have adopted NPS architecture and implemented NPS mandatorily through Gazette Notifications for their employees joining on or after a cut-off date.
The old pension scheme of Government of India, referred as Defined Benefit Pension System (DBPS) is based on the last pay drawn of the employee. NPS is referred as Defined Contribution Pension System (DCPS) in which the employer & employee contributes for building a pension wealth payable at the time of retirement by way of annuity/ lumpsum withdrawal as per norms.
Yes. In line with the decision of GOI to introduce NPS for new entrants joining central government services on or after 1/1/2004, it has been decided vide OM 1(13)/EV/2001 Dt 13/11/2003 Department of Expenditure, Ministry of Finance that all new entrants in all Autonomous Bodies under various Central Ministries/Departments recruited on or after 1/1/2004 will also be governed by the NPS.
Department of Expenditure, Ministry of Finance , GOI vide its OM No 1(13)/EV/2008 Dt 30/1/2009 advised all Central Autonomous Bodies to submit Letter of Consent (LOC) indicating their formal commitment towards discharging their obligations under NPS through the Financial Advisors of the respective Ministries/ Departments.
Yes. The organizations are permitted to shift to NPS in respect of employees who have joined before 1/1/2004 vide OM dt 30/6/2009 No 1(2)/EV/2007 Department Of Expenditure Ministry of Finance. Date of effect will be the date when such option is exercised by the concerned employee. The other detailed operational features are as follows:
The Autonomous Bodies are required to submit duly authorized Letter of Consent to PFRDA through the Financial Advisor of the respective ministry.
After registration of Designated office for interaction with CRA, upon submission of Master Creation Form (MCF), the oversight offices & administrative offices shall be registered on the basis of submission of physical application forms to CRA i.e. Form N1 for Pr.AO, Form N2 for PAO and Form N3 for DDO.
Various State Governments have adopted NPS architecture and implemented NPS with effect from different dates.
Many State Governments have adopted NPS architecture and implemented NPS for the employees of State Government as well as for the employees of Autonomous bodies, State PSUs, Corporations, Boards, if notified in their respective gazette notifications.
Various State Governments have adopted NPS architecture and implemented NPS for the employees of State Government as well as for the employees of Autonmous bodies, State PSUs, Corporations, Boards, Nigams etc. with effect from different dates.
The Autonomous Bodies are required to submit duly authorized Letter of Consent to PFRDA through the designated Nodal offices/ Ministries/ Head of Department etc. as indicated in the NPS Notification of the respective State Government.
After registration of Designated office for interaction with CRA upon submission of Master Creation Form (MCF), the oversight offices & administrative day-to-day functioning offices shall be registered on the basis of submission of physical application forms to CRA i.e. Form N1 for DTA, Form N2 for DTO and Form N3 for DDO.
The Principal Accounts Office (PrAO)/ Directorate of Treasury & Accounts (DTA) act as the oversight authority in NPS monitoring. As per the standard operating procedure for NPS, the PrAO/DTA is required to discharge several functions, most of which are in the nature of monitoring performance of the registered nodal offices under its jurisdiction. The nature of activities required to be carried out by the PrAO/DTA may be summarized as under:
PAO is responsible for carrying out the following activities:
DDO is responsible for carrying out the following activities:
Nodal Offices can access CRA system through NPSCAN website www.npscan-cra.co.in or CRA website www.cra-nsdl.co.in. NPSCAN can be accessed for uploading Subscriber contribution details, modifying Subscriber details, updating various types of Subscriber request etc. CRA website can be accessed for viewing scanned copies of S1 forms, view rejection memos e-PRAN, transaction statements raising request for Inter Sector Shifting of Subscriber, Error Rectification Module, raising grievances, and checking the status of grievances and reports. Both the above sites can be accessed on internet only by using the User ID and I-PIN allotted by CRA.
NPSCAN is a web based "NPS Contribution Accounting Network" developed by CRA to maintain accounts of Government Subscribers. PAO can access NPSCAN for uploading Subscriber contribution file, updating various types of request of Subscribers such as change in Subscriber details, change in scheme preference, switch, withdrawal etc. Nodal Office can access NPSCAN with the User ID and I-PIN allotted by CRA.
I-PIN is an eight character Internet Personal Identification Number issued by CRA to the PrAO and PAO for accessing the CRA/NPSCAN system through the internet. CRA shall issue single I-PIN to the PrAO whereas two sets of I-PIN will be issued to the PAO. The Nodal Office can access both CRA website www.cra-nsdl.com and NPSCAN website www.npscan-cra.com with the same user id and I-PIN. The Nodal Office should maintain the confidentiality of the I-PIN.
Facilities those are available for a PAO through Call centre:
T-PIN is a four digit "Telequery Personal Identification Number" issued by CRA to the PAO, which are registered with the CRA for accessing Telequery facility. Telequery facility includes both Interactive Voice Response (IVR) service and Call Centre facility. CRA shall issue single T-PIN to the PrAO whereas two set of T-PIN will be issued to the PAO. The Nodal Office should maintain the confidentiality of the T-PIN.
Some of the functions of PAO require maker and authorizer activity, i.e., the Subscriber request shall be captured by an officer using a User ID and I-PIN and the authorization of the same shall be carried out by another officer using another User ID and I-PIN. Hence, two User IDs and I-PINs are provided to the PAOs. For this purpose, PAO shall identify two officers, one for Maker activity and another for Authorizer activity and handover the respective User ID and PIN to them.