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Sunday, 19 January 2014

Revision of Headquarter Allowance admissible to officers of organised Group-A’ Services

Revision of Headquarter Allowance admissible to officers of organised Group-A’ Services


F. No. 4/2/2013-Estt(Pay-II)
Government of India
Ministry of Personnel, P.G. & Pensions
(Department of Personnel & Training)

North Block, New Delhi ,Dated 17th January, 2014

OFFICE MEMORANDUM

Subject: Revision of Headquarter Allowance admissible to officers of organised Group-A’ Services posted in Headquarters Organisations — reg.

The undersigned is directed to refer to this Department’s Office Memorandum No. 2/8/97-Estt. (Pay-11) dated 16th July, 1998, on the above subject and to say that consequent upon the decision taken by the Government on the recommendations made by the Sixth Central Pay Commission, the President is pleased to decide that the existing rates of Headquarter Allowance may be doubled.

2. These orders shall not apply to officers of services the cadres of which consist only of posts at the Headquarters organisations as also to officers of services who are not entitled to any special pay/special allowance while posted as Under Secretary/Deputy Secretary or ‘Director in the Central Secretariat. These orders shall be effective from the first date of the month in which this O.M is
issued.

4. In so far as application of these orders to officers of the Indian Audit & Accounts Department is concerned, these orders are being issue in consultation with the Comptroller & Auditor General of India.

sd/-
(Mukesh Chaturvedi)
Deputy Secretary (Pay)
Source: www.persmin.nic.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/4_2_2013-Estt.Pay-II-17012014.pdf]
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Guidelines for withdrawal of 25 % of accumulated contributions by NPS Subscribers

 Guidelines for withdrawal of 25 % of accumulated contributions by NPS Subscribers

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
EXPOSURE DRAFT
ON GUIDELINES FOR WITHDRAWAL OF 25 % OF ACCUMULATED CONTRIBUTIONS BY NPS SUBSCRIBERS

Issued on: 15th January, 2014
Last date to accept Comments: 15th February, 2014

As per Chapter VI, Sec 20 (2b) of the PFRDA act, 2013 it has been provided that withdrawals, not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individualpension account subject to the conditions, such as purpose, frequency and limits as may be specified by the regulations.

Keeping the above in perspective, the draft guidelines for withdrawal of 25 % of accumulated contributions by NPS subscribers are proposed and comments from the public and all concerned are invited. It may also be noted that suggestions on addition/alteration in the proposed guidelines can also be given. Comments/Feedback may be forwarded by email to the e-mail id k.sumit@pfrda.org.in latest by 15.02.2014. Comments should be given in the following format:

Name of entity/ person
Sr.No. Pertains to which Section/sub-section and Page number Proposed/ suggested changes Rationale
       
Written comments in the above format may be addressed to:
Mr. Sumit Kumar
Dy. General Manager
Pension Fund Regulatory & Development Authority
1st Floor, ICADR Building, Vasant Kunj Institutional Area Phase – II
Vasant Kunj, New Delhi – 110070

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

INTRODUCTION
As per Chapter VI, Sec 20 (2b) of the PFRDA act, 2013 it has been provided that withdrawals, not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individualpension account subject to the conditions, such as purpose, frequency and limits as may be specified by the regulations. In order to finalise the regulations for withdrawals, it becomes imperative to develop the formal aspects of the permitted withdrawals allowed under the Act for the benefit of NPS subscribers.

EXISTING EXIT / WITHDRAWAL GUIDELINES UNDER NATIONAL PENSION SYSTEM (NPS)
The current exit / withdrawal guidelines under NPS are framed in such a manner that the subscriber has a long period of accumulation of corpus for providing him with a decent accumulated pension wealth when he retires or he moves out of the regular work routine due to age. Also, it lets the subscriber have the freedom to move out of the scheme at any point of time, irrespective of cause or reason which determines the complete exit from the scheme.

The following are the current rules/guidelines for withdrawals under NPS as approved by PFRDA:
a) Exit from NPS upon attaining the age of Normal superannuation (for govt. employees only) or upon attaining the age of 60 years (for all subscribers other than govt. employees): At least 40% of the accumulatedpension wealth of the subscriber needs to be mandatorily utilized for purchase of an annuity providing for the monthly pension of the subscriber and the balance is paid as a lump sum payment to the subscriber.

b) Exit from NPS before attaining the age of Normal superannuation (for govt. employees only) or before attaining the age of 60 years (for all subscribers other than govt. employees): At least 80% of the accumulatedpension wealth of the subscriber needs to be utilized for purchase of an annuity providing for the monthly pensionof the subscriber and the balance is paid as a lump sum payment to the subscriber.

c) Upon Death: The entire accumulated pension wealth (100%) would be paid to the nominee / legal heir of the subscriber.

For Swavalamban withdrawals under (a) & (b) in the previous page, there is an overriding condition on the lump sum payment payable due to which the entire accumulated pension wealth would be annuitised in case if the monthly pension obtained by using the 40%/80% of the pension wealth is below Rs.1000/- per month. Also, these exit/withdrawal rules as applicable to NPS can be modified/altered from time to time by the Authority as the NPS progresses.

BACKGROUND
The withdrawal of 25% of accumulated contributions under NPS is in addition to the withdrawal permitted at the time of exiting from NPS by the subscriber as specified above. The subscriber can continue to contribute in the scheme while using such withdrawal facility. These guidelines shall determine the circumstances under which the NPS subscriber can avail such withdrawal functionality under different time frames and thereby putting certain limits to which shall be adhered by him/her.

The guidelines are framed taking into the purpose and object of NPS i.e., to ensure a decent accumulated pensionwealth in the accounts of the subscribers at the time of exit.

FEEDBACK /COMMENT PERIOD

The Feedback /Comments on this exposure draft received till 15th February, 2014 would be considered for evaluation by PFRDA. The decision of PFRDA on all and any matters related to the subject matter is final and binding on all stakeholders.

PROPOSED GUIDELINES FOR WITHDRAWAL OF 25 % OF ACCUMULATED CONTRIBUTIONS BY NPS SUBSCRIBERS

As per Chapter VI, Sec 20 (2b) of the PFRDA act, 2013 it has been provided that withdrawals, not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individualpension account subject to the conditions, such as purpose, frequency and limits as may be specified by the regulations. As the decision in this regard has to form part of the regulations to be made under Sec 52 of PFRDA Act, we need to arrive at a decision on the matter purpose, frequency and limits of such withdrawals which would be allowed.

Posts examining the various aspects of the probable needs and duration, following aspects have been proposed in respect of the aforesaid guidelines:

(a) Purpose: This withdrawal may be treated as partial withdrawal and whereby the subscriber can withdraw not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from theindividual pension account for any of the following purposes only:

i) For Higher education of his/her children including a legally adopted child.
ii) For the marriage of his/her children, including a legally adopted child.
iii) For the purchase/construction of residential house or flat. However, if the subscriber already owns a residential house or flat, the same is not allowed as a ground for the withdrawal.
iv) Treatment for prescribed illnesses – suffered by subscriber or his legally wedded spouse and children. For this purpose, the prescribed illness referred above consists of hospitalization and treatment for the following diseases/illnesses:

1. Cancer
2. Kidney Failure (End Stage Renal Failure)
3. Primary Pulmonary Arterial Hypertension
4. Multiple Sclerosis
5. Major Organ Transplant
6. Coronary Artery Bypass Graft
7. Aorta Graft Surgery
8. Heart Valve Surgery
9. Stroke
10. Myocardial Infarction (First Heart Attack)
11. Coma
12. Total blindness
13. Paralysis

b) Limits: It has been proposed that there should be limitation on eligibility as well as the maximum limit for eachwithdrawal that can be permitted till the person stays invested in National Pension System. We propose the following eligibility criteria and limit for availing the benefit:
1. The subscriber should have been in NPS for at least ten years and contributing to the scheme.
2. Subscriber can withdraw accumulations not exceeding twenty-five percent (25%) of the contributions made by him and standing to his credit in his NPS account, as on the date of application for withdrawal.

c) Frequency:
It is recommended that the subscriber may be allowed to withdraw at the most three (3) times from the scheme during the tenure and should have a gap of at least 5 years before availing the withdrawal facility for the nexttime. However, the mandatory requirement of 5 years gap between two successive permitted withdrawals would not be applicable in case of “treatment for above prescribed illnesses”.
We are proposing the above frequency in order to make sure that the subscriber should be left with a decent and considerable accumulated pension wealth at the time of superannuation/age of 60 years enabling him to purchase sustainable annuity.

The request for withdrawal should be sent along with relevant document through the Nodal Office/POP/Aggregator to Central Record Keeping Agency for processing of the withdrawal claim.

Download PFRDA Draft Guidelines dated 15.01.2014 :
via: http://www.gservants.com/2014/01/17/guidelines-withdrawal-25-accumulated-contributions-nps-subscribers/
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Authorisation of Earned Leave in respect of Industrial Employees in OFB

Authorisation of Earned Leave in respect of Industrial Employees in OFB

Office of the Principal Controller of Accounts ( Fys.)
1.0-A,S.K.Bose Road, Kolkata-700001


No. Pay/Tech-II/1058
Date: – 10/01/2014
To
All Cs of F&A(Fys.)/Br.AOs,

Sub:- Authorisation of Earned Leave in respect of Industrial Employees (IEs) Of Ord. Fys and Ord. Equip. Fys.

Ministry of Defence vide ID No.8/1R108/D(Fy.II) dated 25/09/2013 has clarified that the Industrial Workers employed in Ordnance factories are entitled for 30 days Earned Leave (Annual Leave) with wages. With the issuance of the clarification the provisions contained in DOP&T OM dated 20-07-1998 has become equally applicable to Industrial Employees, opted to be governed under Factories Act for Earned Leave purpose by virtue of the provisions contained in Section 78 of the Factories Act, 1948. Further, on specific queries, the Ministry confirmed that the clarification should be given effect from 20-07-1998.

In view of the above following instructions are issued for immediate implementation:

1) Entitlement of 30 days Earned .Leave for each completed year of service may be extended to IEs who are guided under Factories Act invoking provisions of Section 78 of Factories Act.

2) The benefit of calculation of leave wages as per Section 80 of the Factories Act may be extended only to those piece workers who already opted to be guided under Factories Act for EL purpose on or before 31/10/2005. No fresh option in this regard is acceptable.

3) Crediting of 30 days EL for those IEs, as specified in Para 2, may be made w.e.f. 20/07/1998 subject to maximum accumulation of 120 days upto 06/11/2006 and 300 days thereafter.

4) Calculation of leave wages of such Industrial employees, as mentioned in Para 2 and debiting of availed leave in their leave account is to be made taking into account .intervening Sunday g & Holidays as inclusive of availed leave. Hence, instead of the existing formula of P/(N-S), their leave wages may be calculated as per regular establishment i.e. taking into account the formula of P/N where ‘P’ means the Basic Pay and piece work profit actually earned in the month immediately preceding the leave. If holidays fall during the currency of the availed Earned Leave, ‘Holiday Pay’ should not be allowed separately.




(Avra Ghosh)
Joint Controller of Accounts(Fys.)
Source: http://bpms.org.in/documents/ies-leave-2k1s.pdf
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