Exemption of Railways from National Pension System (NPS) as recommended by the Hon’ble Railway Ministers

Under Secretary, Govt of India responds to GS/NFIR on the National Pension System

F. No.11/5/2016-PR
Ministry of Finance
Department of Financial Services

2nd Floor, Jeevan Deep Building,
Parliament Street, New Delhi

Dated the 5th August, 2016

OFFICE MEMORANDUM

Subject : Exemption of Railways from National Pension System (NPS) as recommended by the Hon’ble Railway Ministers- representation from National Federation of Indian Railwaymen (NFIR)

The undersigned is directed to enclose herewith a representation (in original) dated 26.06.2016 received from NFIR regarding the subject cited above.

2. In this regard, it may be stated that exemption of railways from NPS employees will have a bearing on the exchequer; Department of Expenditure (DoE) may take an appropriate action in this regard.

3. So far as proposals of Hon’ble Railway Minister in this matter is concerned, the reply to issues relevant to this Department were sent to DoE vide this Department’s OM dated 26.02.2016.(Copy enclosed)

sd/-
(Prabhu Dayal)
Under Secretary to the Government of India

Signed Copy