Dear Comrades,
Registration of Government employees aged 60 years and above under National Pension System (NPS)
CIRCULAR
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
22 April, 2014
PFRDA/2014/3/PDEX/12
Subject: Registration of Government employees aged 60 years and above under National Pension System (NPS)
The Authority has been receiving several requests from various
governments (central & state) to approve the registration of
subscribers under National Pension System (NPS) who are aged 60 years
and above and which are being approved on case by case basis by PFRDA at
present.
Keeping in view of the difficulties being faced by subscribers, now the
Authority has decided to enroll all eligible Government employees
(central & state) who are on the rolls of the government in to NPS,
irrespective of the age at the time of entry, subject to the condition
that the total period of contribution to NPS account shall not be more
than 42 years. The NPS applications of such subscribers need to be
submitted through the appropriate nodal officer of the Govt/ Deptt, in
line with the procedure adopted for NPS registration for Government
employees aged below 60 years. Also, the responsibility for ensuring
that the employee is eligible for being covered under NPS and that the
NPS contribution is not paid beyond 42 years during the entire service
period for such an employee, lies with the department submitting the
subscriber registration form.
This is for the information of all concerned.
Sd/-
Venkateswarlu Peri
General Manager
Source : www.pfrda.org.in
[http://www.pfrda.org.in/writereaddata/linkimages/Registration%20of%20Govt%20employees%20aged%2060%20years%20and%20above763537413.pdf]
