Streamlining implementation of the National Pension System (NPS) held on 10.02.2017

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No.NC/JCM/2017/NPS

Dated: March 10, 2017

The Addl. Secretary(Pension),
Ministry of Personnel, Public Grievances & Pensions,
Deptt. of Pension & Pensioners’Welfare,
3rd Floor, Lok Nayak Bhawan, Khan Market,
New Delhi

Dear Sir,

Sub: Minutes of the meeting of the Staff side with the Sub-Committee-III to suggest measures for streamlining implementation of the National Pension System (NPS) held on 10.02.2017

Ref: Ministry of PPG&P, DoP&PW’s O.M.No.57/1/2016-P&PW(B) dated 16.02.2017

In the meeting held with the Sub-Committee-III on 10.02.2017, Staff Side(JCM) had emphasized that, the Government employees should be excluded from the purview of the National Pension System (NPS), and in case the same is not possible, a Minimum Pension @ 50% of the last pay drawn or an average emolument of the last 10 months, whichever is more beneficial(along with dearness indexing) may be ensured to all the NPS Covered employees on their retirement.

The Official Side, however, informed that, in the event of invalidation/ disability or death of the NPS covered employees, Pension/Family Pension, as per the rates application under CCS(Pension) Rules, is available to the NPS covered employees/their families.

It was also recorded in the minutes, after detailed deliberations, that, as regards Minimum Guaranteed Pension on retirement of the NPS covered employees, views of the Staff Side(JCM) would be conveyed to the committee set-up for streamlining implementation of the National Pension System (NPS).

Staff Side(JCM), therefore urges that, the demand of the Staff Side, in regard to Minimum Guaranteed Pension on retirement and the assurance of the Official Side in respect of payment of Pension/Family Pension in the event of invalidation/disability or death of the NPS covered employees, as per the rates applicable under CCS(Pension) Rules, be ensured by the committee while finalizing the recommendations.

sd/-
(Shiva Gopal Mishra)
Secretary(Staff Side)

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