Pension - Implementation of National Pension System to employees joining service with effect from 01.04.2013 - Orders issued.

GOVERNMENT OF KERALA
Abstract

Pension - Implementation of National Pension System to employees joining service with effect from 01.04.2013 - Orders issued.

FINANCE (PENSION-A) DEPARTMENT

G.O.(P) No. 20/2013/Fin. Dated, Thiruvananthapuram, 07. 01.2013

Read: G.O(P) No. 441/2012/Fin dated 08.08.2012

ORDER

   In accordance with the national pattern adopted by the Central Government and various State Governments, Government vide G.O read above, decided, in principle, that the National Pension System (NPS) shall be introduced with effect from 01.04.2013 which shall be applicable to all appointments made thereafter.

   2. Government, after having examined the matter in detail, are pleased to implement National Pension System in the State with effect from 01.04.2013 and issue the following further orders:

   i. The NPS would be mandatory for all appointments made on or after 01.04.2013.

   ii. The NPS will work on a defined contribution basis and will have two Tiers. viz. Tier I and Tier II. Contribution to Tier I will be mandatory for the employees whereas Tier II will be optional and at the discretion of the Government servants.

   iii. In Tier I, the Government servant shall make a contribution of 10% of his / her Basic Pay + Dearness Allowance which will be deducted from his/ her salary every month by the Treasury Officer / Drawing and Disbursing Officer concerned. Government will also make a matching contribution. The amount so deducted from the salary of the Government servant and the amount of matching contribution will be transferred to a pension account in order to invest the same as per the provisions of Government of India / Pension Fund Regulatory and Development Authority (PFRDA), a statutory body constituted by the Government of India. The entire amount under Tier I (Government servant contribution + matching Government contribution + investment returns) will be kept in a non withdrawable pension Tier I account.

   iv. Tier II contribution will be kept in a separate account that will be made available at the option of the Government servant. Government will not make any contribution to Tier II account.

   v. The pension funds of the Government servants will be managed by Pension Fund Managers (PFMs) nominated by the PFRDA and the records will be maintained by the National Securities Depository Ltd. (NSDL) that functions as the Central Record keeping Agency (CRA) of the Scheme.

   vi. A Government servant can exit at the retirement age from Tier I of the Scheme. At exit, it would be mandatory for him/ her to invest 40% of pension wealth to purchase an annuity which will provide for pension for the lifetime of the individual and his/ her spouse/ dependent parents. The Government servant would receive a lump sum of the remaining pension wealth, which the individual would be free to utilize in any manner. In case of Government servants who leave the Scheme before attaining the retirement age the mandatory annuitization would be 80% of the pension fund.

   vii. The Scheme will apply to all employees to whom Part III, KSR is applicable.

   viii. It will apply to all PSUs where pensionary benefits as per Part III, KSR are granted.

   3. The guidelines, detailed accounting procedure to be followed in the Scheme and necessary amendments to KSR will be issued separately.

By Order of the Governor,

Dr.V.P.JOY
Principal Secretary (Finance)

Source:www.finance.kerala.gov.in

Revision of enhanced rate of Ordinary Family pension in respect of pre-2006 Armed Forces family pensioners — Clarification regarding.

No 2(1)/2012/D(Pen/Policy)
Government of India
Ministry of Defence
Department of Ex-Servicemen Welfare
Sena Bhawan, New Delhi

Dated; 16.01.2013

To
The Chief of Army Staff
The Chief of Naval Staff
The Chief of Air Staff

Subject: Revision of enhanced rate of Ordinary Family pension in respect of pre-2006 Armed Forces family pensioners — Clarification regarding.

Sir,

   The undersigned is directed to refer to this Ministry’s letter No 17(4)/2008(1)/D(Pen/Policy) dated 11.11.2008, issued for implementation of Government decisions on the recommendations of 6th CPC for revision of pension/family pension in respect of pre-2006 Armed Forces pensioners/family pensioners.

   2. As per provisions contained in Para 5 of this Ministry’s above said letter dated 11.11.2008, the revised consolidated normal rate of Ordinary Family pension in no case be lower than thirty percent of the minimum of the pay in the pay band plus the grade pay (minimum of pay scales in cases of HAG and above) corresponding to the pre-revised scale from which the pensioner/deceased Armed Force personnel had retired/discharged/ died including Military Service Pay and ‘X’ Group pay where applicable.

   3. Ministry of Personnel, Public Grievances & Pension, Department of Pension & Pensioners’ Welfare, New Delhi vide their OM F. No. 1/3/2011-P&PW(E) dated 25th May, 2012 have now clarified that with effect from 1.1.2006, the revised consolidated enhanced rate of Ordinary Family pension during the applicable period, shall not be less than fifty percent of the minimum of the pay in the pay band plus the grade pay corresponding to the pre-revised scale from which the pensioner/deceased Government servant had retired/died. In cases where full revised pension is otherwise not authorized to a retired employee in terms of 6th CPC orders, the revised enhanced rate of Ordinary Family pension shall be restricted to that amount. However, the amount of revised enhanced rate of Ordinary Family pension in no case shall be less than thirty percent of the sum of minimum of the pay in the pay band plus the grade pay or thirty percent of
minimum pay scales in case of HAG and above.

   4. The matter has been examined in this Ministry and it has been decided that the provisions of Ministry of Personnel, Public Grievances & Pension, Department of Pension & Pensioners’ Welfare, New Delhi above said OM dated 25th May 2012 shall mutatis mutandis apply to the Armed Forces Personnel.

   5. This issues with the concurrence of Finance division of this Ministry vide their UO No 10(7)2012/FIN/PEN dated 15.01.13.

   Hindi version will follow.

Yours faithfully

sd/-
[Malathi Narayanan]
Under Secretary to the Govt.of India

Source:http://www.cgda.nic.in/audit/02_01_2010.pdf

Implementation of the Government decision on the recommendations of Committee on the issues related to Defence Service Personnel and Ex-Servicemen, 2012 - Minimum guaranteed pension to pre-2006 Commissioned Officers pensioners/family pensioners.

No. 1 (11)/2012-D(Pen/Policy)
Government of India
Ministry of Defence,
Department of Ex-Servicemen Welfare

New Delhi, Dated 17th January 2013.

To
The Chief of the Army Staff
The Chief of the Naval Staff
The Chief of the Air Staff

SUBJECT: Implementation of the Government decision on the recommendations of Committee on the issues related to Defence Service Personnel and Ex-Servicemen, 2012 - Minimum guaranteed pension to pre-2006 Commissioned Officers pensioners/family pensioners.

Sir,

   The under signed is directed to refer to this Ministry’s letter No. 17(4)/2008 (1)/D(Pen/Policy) dated 11.11.2008 as amended, issued for implementation of Government decision on the recommendations of the Sixth CPC for revision of pension/family pension in respect of pre-2006 Armed Forces pensioners/family pensioners. As per provisions contained in Para 5 therein, with effect from 1.1.2006 revised pension and revised ordinary family pension of all pre-2006 Armed Forces pensioners/family pensioners determined in terms of fitment formula laid down in Para 4.1 of above said letter dated 11.11.2008, shall in no case be lower than fifty percent and thirty percentage respectively, of the minimum of the pay in the pay band plus the Grade pay corresponding to the pre-revised scale from which the pensioner had retired/discharged/invalided out/died including Military Service Pay and ‘X Group pay, where applicable. Accordingly, rates of minimum guaranteed pension/ordinary family pension for Commissioned Officers were notified under Annexure-II (for pensioners of Regular Commission), Annexure-IIA (for pensioners of Military Nursing Services), Annexure-IIB (for pensioners of Territorial Army) and Annexure-IIC (Post-1996 Emergency/Short Service Commission pensioners) of this Ministry’s letter No 17(3)/2010/D(Pen/Policy) dated 15.11.2010 and No 17(4)/2008(1)/D(Pen/Policy)-Vol. VI dated 18.1.2011. The minimum guaranteed pension / family pension in respect of pre1996 Emergency/Short Service Commission pensioners has, however, been notified vide this Ministry’s letter No 1(1)/2007-D(Pen/Policy) dated 3.9.2009.