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Tuesday, 22 September 2015

Fraudulent Collection of Funds in the name of National Pension System – Public Notice

Fraudulent Collection of Funds in the name of National Pension System – Public Notice

Pension Fund Regulatory and Development Authority
First Floor, ICADR Building, Plot No 6, Institutional Area Phase II,
Vasant Kunj, New Delhi-110070 Tel. 011-26897948
PUBLIC NOTICE

It has come to notice of the Authority recently that some organizations, NGOs, societies, individuals, etc. are resorting to offer employment to students/ members of general public under and/or in the name of National Pension System. It has also been reported that some of these entities are also collecting funds from the students in the name of security money for offer of jobs or using the National Emblem and PFRDA logo on their website and other documents. It is hereby informed that PFRDA has not authorized any entity to engage in any such activity, which is illegal and fraudulent. Any entity/ or person found to be engaged in such fraudulent activities, is liable to be prosecuted in law.

The Authority is the regulatory body for National Pension System and other pension schemes under the provisions of the PFRDA Act, 2013, and detailed information pertaining to its functions are available on its website being www.pfrda.org.in.

Members of general public are hereby advised not to pay heed to or act on such false and misleading propaganda issued by such organizations/ individuals. Authority shall not be liable for any loss suffered by any person on account of any dealings with such unauthorized entities/individuals which shall be at his/ her own risk. Members of the general public are also requested to report such unauthorized activities to local authorities/ police department with a copy addressed to grc@pfrda.org.in;

This public notice is issued in interest of members of the general public.

Date: 20.08.2015
Ashish Kumar
General Manager
Authority : www.pfrda.org.in
Click to view the Public Notice
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Payment of Gratuity and Guaranteed Benefits under NPS Beneficiaries – BPMS Resolutions

Removal of ceiling for Compassionate Appointment, Payment of Gratuity to NPS Beneficiaries and Minimum Guaranteed Benefits under NPS

BPMS Resolutions adopted in CEC Meeting held in Hyderabad

BHARATIYA PRATIRAKSHA MAZDOOR SANGH
(An All India Federation of Defence Workers)
(An Industrial Unit of B.M.S.)
(Recognized by Govt of India, Min of Defence)
Central Office: 2A, NaVin Market, Kanpur – 208001

REF: BPMS/ RESOLUTION/ 10(7/1/M)
Dated: 21.09.2015
To,
The Secretary,
Govt. of India, Min of Defence,
South Block, DHQ PO,
New Delhi – 110011

Subject: Resolutions adopted in the Central Executive Committee meeting of BPMS.

Respected Sir,
With due regards, it is submitted for your kind information that the Central Executive Committee meeting of this federation has held on 08th & 09”” Sep. 2015 at Dr APJ Abdul Kalam Complex, DRDO Township, Kanchanbagh, Hyderabad and 03 Resolutions have been unanimously adopted by the CEO of the federation & the same are enclosed herewith for your kind consideration and further necessary action please.

This federation is in full hope to get favourable consideration in this regard.

Thanking you in anticipation.
Sincerely yours
(M P SINGH)
General Secretary

RESOLUTION No. 1: Payment of Gratuity to NPS Beneficiaries

In spite of our strong opposition, the Government has made the New Pension Scheme applicable to all recruits after 01-01-2004. While continuing our opposition to the scheme, BPMS have given several inputs from time to time to ensure that maximum benefit be given to the employees.

As a part of this, the entire bye-laws and other issues pertaining to the formulation of the New Defined Contribution Pension System (popularly known as the NPS) was studies and it was found that as per clarification issued by the Ministry of Finance (Department of Economic Affairs) the NPS is a replacement for only Pension, and thus, other benefits provided to employees like Gratuity remains constant i.e. the employees enrolled under NPS are also eligible for Gratuity as per provision of extant law.

After vigorously pursuing the issue, the Department of Pension & Pensioners Welfare had issued O.M. No. 38/41/06/P&PW (A) DT. 05-05-2009, with the approval of Cabinet to provide for Invalid Pension, Family Pension, Disability Pension, Extra-Ordinary Family Pension, Retirement Gratuity and Death Gratuity in respect of NPS subscribers on provisional basis.

Consequent thereof, BPMS has been consistently demanding that this “Provisional” basis be converted into a PERMANENT BASIS feature of the NPS. The Government has, now vide DC. No. 1(4)/E-2006 DT. 17-08-2015 of JS (Pers) of the Ministry of Finance (Department of Expenditure) circulated a note proposing that the budget for the payment of gratuity be projected from the office of the Controller General of Accounts.

Subsequently, the issue has been earmarked to various Ministries, who in turn have further asked comments from various channels.

The federation having taken stock of the present situation feels that asking comments etc. is not required on a Policy decision and demands that the feature of payment of Gratuity to all NPS subscribers upon Retirement or Death, be made a Permanent feature, without further loss of time.

This resolution is therefore, unanimously adopted at the Central Executive Committee Meeting of the Federation on September 08th, 2015.

RESOLUTION No. 2: Minimum Guaranteed Benefits under NPS

In spite of our strong opposition, the Government has made the New Pension Scheme applicable to all recruits after 01-01-2004. While continuing our opposition to the scheme, BPMS have given several inputs from time to time to ensure that maximum benefit be given to the employees.

Even after a lapse of more than 10 years since the arbitrary implementation of the scheme, the Government has failed to formulate a policy ensuring “Guaranteed Minimum Pension” to the subscribers of the NPS.
Having examine the issue in detailed, BPMS now demands that without any further waste of time, the Government should frame a policy to ensure that irrespective of the financial/market conditions at the time of Retirement and/or Death of the NPS subscriber, he should get a minimum guaranteed pension equivalent to FIFTY PERCENT of his last drawn Basic Pay plus dearness relief for neutralization of price rise.
This Central Executive Committee Meeting of the Federation held at Hyderabad, on September 08th, 2015, hereby RESOLVES, to call upon the Government to frame a policy to ensure that the NPS subscribers receive a minimum guaranteed pension equivalent to FIFTY PERCENT of his last drawn Basic Pay plus dearness relief thereupon at par with Central Government Employees/Pensioners.

RESOLUTION No. 3: One time relaxation & removal of ceiling for Compassionate Appointment
The Government has imposed an arbitrary limit of 5% only for filling up of vacancies on compassionate grounds, subject to several conditions. As a result of this decision, many families are living in distress and the very concept of helping the families of those employees who die in harness, stands defeated due to imposition of this ceiling.

The Federation has been taking up the issue at all levels to relax the ceiling to enable the deserving candidate get employment and thereby provide help to the families of the deceased. Having examine the issue in detailed, BPMS now demands that without any further waste of time, the Government should frame a policy to ensure that as a onetime measure, all existing cases of compassionate appoints are provided suitable employment assistance immediately.

This Central Executive Committee Meeting of the Federation held at Hyderabad, on September 08th , 2015, hereby RESOLVES, to call upon the Government to frame a policy to ensure that one time measure, all existing cases of compassionate appoints are provided suitable employment assistance immediately and to further scrap the artificial ceiling of 5% with immediate effect.
(M P SINGH)

Source: BPMS
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Grant of 30% HRA to staff working Umdanagar, Medchal and Gundlapochampally on par with the staff working in GHMC limits.

Grant of 30% HRA to staff working Umdanagar, Medchal and Gundlapochampally on par with the staff working in GHMC limits.
GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)
No. E(P&A)II-2012/HRA-1
New Delhi, dated 18.9.2015.
The General Manager (P),
South-Central Railway,
Secunderabad

Sub:- Grant of 30% HRA to staff working Umdanagar, Medchal and Gundlapochampally on par with the staff working in GHMC limits.

Please refer to your office letter No. SCR/P-HQ/Ruling/O/811/HRA dated 29.06.15 on the above noted subject.

As per the dependency certificates dated 23.6.2015 issued by the District Collector of Ranga Reddy District, Umdanagar, Medchal & Gundlapochampally in Andhra Pradesh fulfill all the conditions prescribed in Para 2 of Board’s letter No.PC-65/HRA-1/3 dated 22-7-1965, as amended from time to time. The President is, therefore, pleased to decide that Railway employees posted at Umdanagar, Medchal and gundlapochampally, in Andhra Pradesh may be paid House Rent Allowance at the rates applicable to those posted with the classified city of Hyderabad (UA) [‘X’ class city] subject to fulfillment of the conditions laid down for grant of House Rent Allowance.

2. These orders will be valid from 01.06.2015 (a) for a period of 3 yrs i.e. upto 31.05.2018 or, (b) till the conditions prescribed in Para 2 of Board’s letter 22-7-1965, referred to above continue to be fulfilled in respect of Umdangar (ii) Medchal & (iii) Gundlapochampally or (c) until issue of any further orders in this regard by the Ministry of Railways, whichever is earliest.

3. The period at (a) of Para 2 above may, however, be extended after obtaining a fresh Dependency Certificate as prescribed in clause (ii) of Para 2 of Board’s letter dated 22-07-1965, as amended from time to time and in accordance with the provisions of Board’s letter No. E(P&A)II-85/HRA-12 dated 11-3-1986.

4. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.
sd/-
(Salim Md. Ahmed)
Dy. Director, Estt.(P&A)II
Railway Board
Source: NFIR
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Clarification regarding educational qualification for direct recruitment to the post of Assistant Loco Pilot (Diesel/Electric)

Clarification regarding educational qualification for direct recruitment to the post of Assistant Loco Pilot (Diesel/Electric) - "ITI (Machinist Grinder) cannot be accepted in lieu of qualification of ITI (Machinist) trade"

GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)

No. E(NG)-II/2000/RR-1/47
New Delhi, Dated: 9.9.2015.

The Chairman,
Railway Recruitment Board,
Opposite North Central Railway Headquarters,
Near Railway Hospital, Subedarganj,
ALLAHABAD – 211 011.

Sub: Clarification regarding educational qualification for direct recruitment to the post of Assistant Loco Pilot (Diesel/Electric).

Ref: RRB/ALD’s letter No. RRB/ALD/Con/ALP/CENO1/2010 dated 21.4.2009.

***

Clarification was sought for vide letter under reference whether National Trade Certificate (NTC) obtained from I.T.I. in Machinist Grinder Trade can be accepted in lieu of NTC from I.T.I. in Machinist Trade for the post of Assistant Loco Pilot (Diesel/Electric) on the railways.

2. The issue has been examined in consultation with Directorate General of Training (DGT), M/o Skill Development & Entrepreneurship and it is clarified that trade “Machinist” and trade “Machinist Grinder” are two different trades and content of curricula of both the trades are different, as such, ITI (Machinist Grinder) cannot be accepted in lieu of qualification of ITI (Machinist) trade.

Please acknowledge receipt.

(Neeaj umar)
Director Estt. (N)-II
Railway Board

Source: http://www.indianrailways.gov.in/
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Revision of Cycle Maintenance Allowance of GDS Mail Carrier/Mail Deliverer

Revision of Cycle Maintenance Allowance of GDS Mail Carrier/Mail Deliverer

F. NO.41-1/2011-PAP
GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS AND I.T.
DEPARTMENT OF POSTS
[ESTABLISHMENT DIVISION]
DAK BHAWAN, SANSAD MARG, NEW DELHI-110001
 
The 15th September, 2015
To,
All Heads of Circles
All G.M. (Finance & Accounts)
All Directors of Postal Accounts
Directors RAKNPA Ghaziabad
All Directors, PTCs
Sub:-Revision of Cycle Maintenance Allowance of GDS Mail Carrier/Mail Deliverer —Reg.
Ref: Annexure II to this Directorate O.M. No. 6-1/2009-PE-II dated October 9, 2009.
 
I am directed to convey approval of the competent authority for revision of Cycle maintenance Allowance payable to GDS Mail carrier/Mail Deliverer who use their own cycle for discharge of duty.
 
2. Rate of Cycle maintenance Allowance are revised @ Rs.90/-(ninety only) per month with immediate effect. All Other terms & conditions for sanctioning of Cycle maintenance Allowance will be unchanged.
 
3 The cycle maintenance allowance of GDS Staff will be increased by 25% as & when the D.A. payable on revised pay Scales goes up by 50% in future.
 
4. It is requested to kindly circulate these orders to all subordinate offices for information and further necessary action please.
 
5. This issues with the concurrence of Integrated Finance Wing vide their Advice in Dy. No.144/FA/2015/CS Dated 15-09-2015.

(Maj S.N.Dave)
Asstt. Director General (Estt.)
 
Source: NFPE
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Change in timings for booking train tickets through internet – Railway Board Orders on 18.9.2015

Change in timings for booking train tickets through internet – Railway Board Orders on 18.9.2015

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)
No.2010/TG-I/10/ITS
New Delhi, dated 18.9.2015.
MD/CRIS
Chanakyapuri, New Delhi.
Managing Director / IRCTC,
11th Floor, Statesman House,
Barakhamba Road,
New Delhi.

(COMMERCIAL CIRCULAR NO.58 OF 2015)

Sub:- Change in timings for booking through internet.

Please refer to this office letter no. 2010/TG-I/10/P/ITS dated 22.04.2010 on the subject quoted above wherein the timings for booking of reserved tickets through internet were advised.

2. The matter been reviewed and it been decided that the facility of booking revised tickets through internet will be available from 0030 hours to 2345 hours daily w.e.f 20.09.2015.

3. Since the timings of functioning of PRS will be changed 0030 hours to 2345 hours w.e.f. 20.09.2015, the current counters at train originating stations will also be able to function from 0030 hours to 2345 hour.

4. Wide publicity should be given for information of general public by IRCTC and Zonal Railways.

(Vikrnm Singh)
Director Passenger Marketing
Railway Board
Authority : Indian Railways
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New Pension Scheme (NPS) v/s Old Pension Scheme

NPS is far beneficial than Government Pension – Comparison of New Pension Scheme (National Pension Scheme) and Central Government Pension 

The Central Government employees who have joined after 1/1/2004 and are put under National Pension Scheme (NPS) have been demanding abolition of NPS and have been persuading the Central Government to make the government pension scheme applicable to them.

This only exhibits their ignorance of the fact that the New Pension Scheme is highly lucrative and make the government employees who joined after 1/1/2004 far richer than the government employees who enjoy government pension scheme. By doing so they are in the process of ruining the great fortunes that lies in store under New Pension Scheme. Let me compare both the scheme:

Comparison of New Pension Scheme (National Pension Scheme) and Central Government Pension

Benefits under NPS

Let me take a case of Upper Division Clerk(UDC) who joins government service in 2014 at the age of 25 and renders 35 years of service till attaining 60 years of age. He / She gets 3% annual increment every year and gets one promotion every 10 year under M.A.C.P. Although he / she is likely to get 14 to 20% increase in D.A every year as per Consumer Price Index I just take 12%(assuming 6 + 6%) 2 times D.A in a year
* MACP / Promotion Years
(A) Therefore, the total pension wealth of a government servant who joined in 2014 and retiring under New Pension Scheme shall at the time of his retirement be Rs. 2,87,26,201/-

(B) 60% of the lump-sum pension wealth which he / she will be getting on retirement:
Rs.1,72,35.720

(C) 40% invested in an annuity scheme which he / she can receive before 70 years:
Rs.1,14,90,481

(D) Earned Leave Encashment: Rs. 215625 x 10 months : Rs. 21,56,250
TOTAL of (A) (B) (C) and (D) will be Rs. 3,08,82,451
Death Gratuity:
Although not entitled for retirement gratuity, but eligible for Death Gratuity If died during the service

Monthly Pension:
At the assumed Interest at the rate of 8.7% per annum on the other 40% of pension wealth of Rs.1,14,90,481 invested in annuity shall fetch  monthly pension of at least : Rs.83,306/ –
Not only this, before he / she attains the age of 70 he / she can withdraw the remaining 40% of his pension wealth of Rs. 1,14,90,481/- which if invested in Fixed Deposit of a nationalised bank can fetch interest and take care of not only of his wife and children but his descendants also for generations to come.
This is just a tip of the iceberg. If we consider the other 4 pay commission benefits that materialize on1/1/2016, 1/1/2026, 1/1/2036 and 1/1/2046 which a NPS pensioner who joins as UDC shall be getting before his retirement in 2049,his total pension wealth will be undoubtedly double the above amount which comes to more than Rs.5 crores. While a person who joins as U.D.C. gets this much, one will be rocked out of stupor to know what a Group A officer who renders 35 years of service may get – undoubtedly his total pension wealth will be more than Rs.10 crores.

Benefits under Central Government Pension Scheme
Now let us see what will be the retirement benefits of the above person if he / she is put in government pension scheme:

1.Gratuity for 16.5 months :
Rs.2,15,625 x 16.5 months = Rs.35,57,812/- Restricted to Rs.10,00,000

2. Earned Leave Encashment:
Rs. 215625 x 10 months : Rs.21,56,250

3. Pension Commutation:
Rs.17195 x 40% = Rs.6878 x 12 x 8.194 years Rs 6,76,300
Total Benefits under Central Government Pension Scheme: Rs.38,32,550

4. GPF Balance:
As it is a general tendency of the government servants to withdraw from GPF frequently, there will be very
little left at the time of retirement

5. Monthly pension
i) Rs.34390 / 2 = Rs.17195 (basic pension being 50% of pay and grade pay Less 40% of basic pension towards commutation (Rs 6878) which will be restored after 15 years
Balance basic pension is Rs. 10317

ii) DA @ 527% of basic pension of Rs.17195 = Rs. 90617 (subject to increase in DA every 6 months based on consumer price index)
Total pension is Rs.1,00,934 per month.
After the death of government servant say after 67 years, spouse can take only 60% of the basic pension i.e.Rs.17195 x 60% = Rs.10317 plus D.A.at the prevailing rates. After spouse’s death children are unlikely to draw the pension as they would have already crossed the age limit. Thus, unlike the dependents of NPS pensioners, there will be nothing left for financial security of the dependents of the government pensioners .
Thus it is unwise on the part of government servants who have joined after 1/1/2004 to demand for abolition of NPS scheme and grant of government pension.
Mr.M.Dorai
Deputy Director
ESIC Model Hospital,
Bangalore (Ministry of Labour, Government of India) is the author of this Article
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Cabinet approves release of an additional instalment of DA to Central Government employees and DR to Pensioners, due from 1.1.2019

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