OFFICE OF THE PRINCIPAL CONTROLLER OF ACCOUNTS(FYS)
10-A, S K BOSE ROAD. KOLKATA – 700001
NPS Section
Questionnaire regarding New Pension Scheme :-
1.What is New Pension Scheme ?
A new defined contribution pension system in place of existing defined benefit system, applicable for fresh entrants to Central Government Service from 01-01-2004.
2. When it is started & for whom ?
The system is mandatory for all new recruits to the Central Government Service from 01-01-2004 except the Armed Forces.
3.What is the quantum of the Contribution ?
The monthly contribution to be deducted amounts to 10% of the Basic Pay, Grade Pay and DA to be paid by the employee & matched by the Central Government.
