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Thread: New Pension Scheme to SSC (Short Service Commission) Officers

  1. #1
    Administrator gconnect has disabled reputation
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    Post New Pension Scheme to SSC (Short Service Commission) Officers

    Dr. Manoj kumar asked

    I want to ask a question regarding the new pension scheme for new
    recruits after 2004. As you are aware that the new pension scheme is
    not applicable to Armed Forces what about those SSC officers who join
    central/state govt after 05 years of ssc. They were not a part of NPS
    in Army and on reemployment what about the counting of their period of
    employment in defence for pension. Also what about those SSC officers
    who were in Army before 01 Jan 2004 and join Central Govt after 2004.

  2. #2
    Senior Member ramanrao60 is on a distinguished road
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    For operationalisation of NPS, as per the NPS architecture, each employee covered under NPS is required to be registered in the CRA system who is linked to the administrative offices, the Drawing and Disbursing Officer (DDO), who in turn is linked to the Pay and Accounts Office (PAO) which in turn is linked to Principal Accounts Office (PrAO). Hence, your organisation has to identify the administrative offices which will be functioning as PrAO, PAO and DDO and register them before registration of the Subscribers. The steps to be followed for operationalisation of NPS and availing the services of CRA are attached with the mail. The format of the forms for registration of the administrative offices (N1 form for PrAO, N2 form for PAO and N3 form for DDO), subscribers (form S1) and the Master Creation Form is also attached. These forms are also available at our website ‘www.npscra.nsdl.co.in’ under the menu –Downloads-Forms-Autonomous bodies-Central Autonomous Bodies.

    For more details about registration of the administrative offices, subscribers as well as upload of subscribers’ contribution details to CRA and remittance of funds to Trustee Bank, you may refer to the SOPs available in the downloadable section of the aforesaid website ‘www.npscra.nsdl.co.in’.

  3. #3
    Senior Member RKPATHAK is an unknown quantity at this point
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    Default Nps

    You may contact pfreda whose address is 6, institutioanl area, vasant kunj, phaseii ,new delhi

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    Senior Member ramanrao60 is on a distinguished road
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    PFRDA (Pension Fund Regulatory and Development Authority), India has opened New Pension Scheme ( NPS) to all Indian citizens starting today, on 1st May, 2009.

    Its a safe, flexible and portable scheme introduced by Indian Government’s cell PFRDA; to replace the existing System of Pension System in the country and to provide income security after retirement.

    PFRDA was established by the Government of India to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds.


    Highlights

    Any Indian citizen will be able to start a New Pension Scheme account and can start investing any amount up for a pension.

    Open to all citizens aged between 18-60 years
    Exit age for new pension scheme will be 60 years.
    Attractive investment schemes to choose from
    Professional record-keeping and fund management
    Technology driven, Transparent fee based system
    Withdrawal facility as and when you wish, under Tier II
    No entry and exit loads
    Multiple fund managers
    Multiple investment options
    Minimum Contribution per installment: Rs 500
    Minimum Contribution per year: Rs 6000
    Minimum Contributions per year : 4
    Under this scheme, an investor can deposit their contributions in Bank Branches and Post offices all over the country. Unlike EPF (employee provident fund schemes), there will be only one number allotted to each investor, In case of change of job or location of job, it can be easily transferred to another branch. Each Investor will be allotted a unique 16 digit Permanent Pension Account Number (PPAN) it will valid for life like current PAN number. There will be no need to open a new account every time you change job or location unlike the current EPF (Employee Provident Fund)

    In starting, there will be 23 Points of Presence (POP) including PSU banks and post offices, and they will be provide account opening and other transactions facility. Following is the participating POP list: Allahabad Bank, Axis Bank, Bajaj Allianz General Insurance Co, Central Bank of India, Citibank, CAMS (Computer Age Management Services), ICICI Bank, IDBI Bank, IL&FS Securities, Kotak Mahindra Bank, LIC (Life Insurance Corporation of India), Oriental Bank of Commerce, Reliance Capital, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, SBI (State Bank of India), State Bank of Indore, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore, South Indian Bank, Union Bank of India, UTI.

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