Government will soon start the selection process for the new PFRDA chairman

Government will soon start the selection process for the new PFRDA chairman

"The Finance Ministry will soon come out with an advertisement to find a successor to head the Pension Fund Regulatory and Development Authority (PFRDA),"

Contractor's term will be completed on April 30, 2019.

PFRDA was re-constituted into a statutory body after notification of PFRDA Act in 2014.

Contactor is the first Chairman to head the regulatory body. He had joined PFRDA on October 7, 2014.

As per the Act, the chairman will have a tenure of 5 years or till age of 65 years, whichever is earlier.
Contractor was previously held the post of SBI managing director before being appointed as the PFRDA Chairman.

The pension fund regulator has reached a subscriber base of 2.65 crore in its flagship National Pension System (NPS) and Atal Pension Yojana (APY) schemes and hopes to cover nearly 2.72 crore subscribers by the end of the current financial year.

The APY, mainly targeting the unorganised sector employees, offers five slabs of pension from Rs 1,000 - Rs.5,000 per month upon retirement. Employees in the age bracket of 18-40 years can sign up for an APY account.

NPS is a voluntary defined contribution retirement savings scheme for government employees as well as for those working in the organised and unorganised sectors.

PTI

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Central Government employees - Withdrawal of Pension Facility

Central Government employees - Withdrawal of Pension Facility

Ministry of Personnel, Public Grievances & Pensions

Withdrawal of Pension Facility

03 JAN 2019

Information regarding the number of Central Government employees in the country is not maintained centrally in this Ministry. As per information provided by Department of Expenditure, the total number of Central Government civilian employees, as on 01.03.2016, was 32, 21,183
Total number of Central Government civil pensioners, as on 31.03.2018, is 37, 02,882.

Central Government employees (except Armed Forces personnel) appointed on or after 01.01.2004 are covered under the National Pension System (NPS) notified vide Ministry of Finance (Department of Economic Affair's) Notification No. 5/7/2003-ECB & PR dated 22.12.2003 and Section 20 of PFRDA Act, 2013. Such employees are, therefore, not covered by the Central Civil Services (Pension) Rule, 1972, which are allocable to Central Government civil employees appointed on or before 31.12.2003.

Under NPS a monthly contribution of 10 percent of basic pay plus dearness allowance is required to be made by the employees and a matching contribution is made by the Government. It has since been decided to increase the Government contribution to 14 percent of basic pay and dearness allowance.
On superannuation/retirement, at least 40% of the accumulated pension wealth of such subscriber is mandatorily utilized for purchase of annuity providing for a monthly or any other periodical pension and the balance of the accumulated pension wealth after such utilization is paid to the subscriber in lump sum.

In the event of death of a Government servant of his discharge from service on account of disability or invalidation on medical grounds, the benefit of Central Civil Services (Pension) Rules, 1972 are available to the Government employees of his family members.
Central Government employees covered under NPS are eligible for the benefit of retirement gratuity and death gratuity on the same terms and conditions as are applicable under Central Civil Services (Pension) Rules, 1972.

NPS employees are also eligible for other post-retirement benefits such as leave encashment, group insurance, medical facility, etc., as are applicable to employees appointed before 01.01.2014.
This information was provided by the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh in written reply to a question in Rajya Sabha today.

PIB

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DoPT is ready to hold meeting of NC JCM meeting on 29.05.2015 on merger of DA, 7th CPC report on time, Scrap PFRDA Act

DoPT ready to hold meeting of NC JCM meeting on 29.05.2015 on merger of DA, 7th CPC report on time, Scrap PFRDA Act.

March to Parliament was held on 28.04.2015 and call of strike has been given by JCA on 23.11.2015 on the demands of central government employees. On the backdrop of the pressure mounted by JCA, DOPT has called a meeting of NC JCM on 29.05.2015 to discuss and consider the issues of central government employees.

No.3/1/2015-JCA

Government of India

Ministry of Personnel, Public Grievances & Pension

Department of Personnel & Training

New Delhi,dated the 21st May, 2015

To
Shri Shiva Gopal Mishra,
Secretary, Staff Side,
National Council (JCM)
13, C Ferozshah Road
New Delhi

Sir,

Please refer to your online grievance No.PM0PG/2015/83480 dated 28th April, 2015 regarding proposed call for Strike on 23.11.2015.

2. You will be aware that the meeting of the National Anomaly Committee (NAC) is scheduled to be held on 29.05.2015 and also meeting of the National Council (JCM) is likely to be held shortly. Some of the issues will be discussed and considered during the meetings.

Yours faithfully

(A.Asholi Chalai)

Director (JCA)

CHARTER OF DEMANDS:

1.    Effect wage revision of the Central Government Employees from 01.01.2014, accepting the memorandum of the Staff Side JCM; ensure 5-year wage revision in future; grant Interim Relief and Merger of 100% of DA. Ensure submission of the 7th CPC report within the stipulated time frame of 18 months; include the Grameen Dak Sewaks within the ambit of the 7th CPC.  Settle all anomalies of the 6th CPC.

2.    No privatisation, PPP or FDI in Railways and Defence Establishments and no corporatisation of postal services.

3.    No Ban on recruitment/creation of post.

4.    Scrap PFRDA Act and re-introduce the defined benefit statutory pension scheme.

5.    No outsourcing; contractorisation, privatisation of governmental  functions; withdraw the proposed move to close down the Printing Presses; the publication, form store and stationery departments and Medical Stores Depots; regularise the existing daily rated/casual and contract workers and absorption of trained apprentices.

6.  Revive the JCM functioning at all levels as an effective negotiating forum for settlement of the demands of the CGEs.

7.    Remove the arbitrary ceiling on compassionate appointments.

8.    No labour reforms which are inimical to the interest of the workers.

9.    Remove the ceiling on payment of Bonus.

10. Ensure five promotions in the service career.

Source: http://ncjcmstaffside.com/2015/dopt-to-hold-a-meeting-of-nc-jcm-meeting-on-29-05-2015/

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Charter of Demands submitted to Cabinet Secretary by Confederation

Charter of Demands submitted to Cabinet Secretary by Confederation

CHARTER OF DEMANDS

1. Merger of DA with pay for all employees w.e.f. 01.01.2014 including Gramin Dak Sewaks and Pensioners.
2. Grant of Interim Relief to all employees including Gramin Dak Sewaks and Pensioners.
3. Inclusion of Gramin Dak Sewaks under the purview of 7th Central Pay Commission
4. Scrap PFRDA Act and grant statutory defined pension to all including those appointed on or after 01.01.2004.
5. Date of effect of 7th CPC recommendation should be 01.01.2014.
6. Regularisation and Revision of wages of casual labourers and contract workers.
7. Removal of 5% condition for compassionate appointment.
8. Fill up all vacant post and creation of New Post wherever justified.
9. Stop Downsizing, Outsourcing, Contractorisation and Privatisation of Government function.
10. Grant productivity Linked Bonus to all without ceiling; Compute bonus as weighted average of PLB for those not covered by PLB agreement.
11. Revise OTA and NDA and implement arbitration awards.
12. Settle all pending anomalies of 5th and 6th Pay Commission.

Source : http://confederationhq.blogspot.in/2014/09/memorandum-to-be-submitted-to-cabinet.html

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