NPS Exit and purchase of Annuity - PFRDA

NPS Exit and purchase of Annuity – Clarification issued by PFRDA in respect of interim arrangement for the purpose of buying annuity from the NPS maturity amount In the case of pre-mature exit by NPS Subscriber, any annuity scheme provided by Annutiy Service provider that covers the spouse of NPS subscriber can be purchased PENSION FUND REGULATORYAND DEVELOPMENT AUTHORITYB-14/A, Chhatrapati Shivaji BhawanQutab Institutional Area,Katwaria Sarai, New Delhi-110016 Circular PFRDA/2016/5/Exits/01 03.03.2016 Subject: Clarifications on Settlement...

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Healthcare, Education Facilities for NPPS Employees

Healthcare, Education Facilities for NPPS Employees Facilities for NPPS employees In respect of employees at the Nuclear Power Plant sites, healthcare facilities are provided to all the employees and their family members through Contributory Health Service Scheme (CHSS) of Department of Atomic Energy (DAE) through hospitals established by NPCIL/DAE at the Nuclear Power Plant sites and/or hospitals empanelled for the purpose. The wards of employees are provided education facility upto 12th standard through Atomic Energy Central Schools (AECS)...

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Reviewing Pay and Allowances of Armed Forces Personnel

Reviewing Pay and Allowances of Armed Forces Personnel The Government entrusted the task to a Pay Commission in 1973, at the time of setting up of 3rd Central Pay Commission. The Government had set up a Post War Pay Committee in 1947, a departmental pay committee (Raghuramiah Committee) during 1959-60 and another Departmental Committee in 1967 for review of pay and allowances of Defence Forces Personnel. There was general discontentment amongst the Services with respect to the recommendations of these Committees. Thereafter, the Government...

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Indian Army faces shortage of 9,106 officers

Indian Army faces shortage of 9,106 officers There is a shortage of 9,106 officers in the Indian Army and 1,265 officers in the Navy, the government said Tuesday. “In army (excluding Army Medical Corps, Army Dental Corps and Military Nursing Service), as on July 1, 2015, against the authorised strength of 49,631 officers, held strength of officers is 40,525 with shortage of 9,106,” Defence Minister Manohar Parrikar said in a written response to a question in Lok Sabha. The Navy, as on January 31, 2016, faced shortage of 1,265 officers....

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7th Pay Commission – If not Hefty Pay Hike, Government Likely to Restore Allowances

7th Pay Commission – If not Hefty Pay Hike, Government Likely to Restore Allowances Some good news for government employees anticipating Centre’s response to their demands on salary hike! As per reports, government may agree to reinstate some of the allowances that were subsumed by the 7th Pay Commission’s recommendations. 7th Pay Commission – If not Hefty Pay Hike, Govt Likely to Restore Allowances – The employees have been demanding that allowances which are stated to be subsumed and which are clubbed with others also need to be looked at. Central...

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