Proposal for Alternative Pension Scheme | Annuity based Pensionary Scheme in lieu of the existing CPF Scheme

Proposal for Alternative Pension Scheme | Annuity based Pensionary Scheme in lieu of the existing CPF Scheme

Navodaya Vidyalaya Samiti
Ministry of Human Resource Development
Government of India
(Department of School Education Literacy)
B-15. Institutional Area, Sector-62, Noida,
Gautam Budh Nagar, Uttar Pradesh 201309
URL: www.navodaya.gov.in
Tele: 0120-2405195-6

F.No.03-01-2018-NVS(Admin.) 4523.
Dated: 06/12/2018
To

The Deputy Commissioner
Navodaya Vidyalaya Samiti
All Regional Offices

Sub: Proposal for alternative pension scheme in lieu of the existing CPF Scheme

 Sir,

Proposal for alternative pension scheme in lieu of existing CPF scheme is under consideration of the Ministry. It has been intimated by the Ministry that in the context of the feasibility of extending the benefits of the GPF-cum-Pension Scheme, 1972 not being there, one of the options would be to explore the possibility of having an annuity based alternative pension scheme in lieu of the existing CPF scheme. It has been desired that a comprehensive proposal based on willingness of the eligible employee to opt for the alternative scheme is annuity based pensionary benefits in lieu of existing scheme may be submitted.

Accordingly, you are requested to submit the consent of employees on shifting form existing scheme to annuity based pensionary scheme.

In this regard, you are, therefore, requested to kindly obtain willingness of the eligible employees who have joined the services before 1.1.2004 (including those who have retired) to opt for the alternative scheme in lieu of the existing CPF scheme.

The consolidated data in respect of RO and JNVs may be submitted to this office latest by 30.12.2018.

This may kindly be treated as most urgent.


This has the approval of Commissioner, NVS.

Yours faithful

(Dr. Honnareddy N)
Joint Commissioner (Admn.)

Comments

Post a Comment

Popular posts from this blog

Central Government Office Holiday List 2023 - DoPT Order PDF Download

The important nodal Department of Central Government, the Department of Personnel and Training (DoPT) has today published a new list of Gazetted and Restricted Holidays for Central Government Offices located in Delhi/New Delhi to be observed in 2023. Central Govt Holiday India 2023 PDF Download Every year in June, the Department of Personnel and Training (DoPT) under the Central Government will release a new list of holidays to be observed next year for offices in Delhi or New Delhi. Check here is a list of holidays and optional holidays published in the Federal Gazette for 2023. Holidays to be observed to Central Government Offices during the year 2023 F.No.12/5/2022-JCA Government of India Ministry of Personnel, Public Grievances and Pensions (Department of Personnel and Training) Establishment (JCA) Section North Block, New Delhi Dated the 16 June 2022 OFFICE MEMORANDUM Subject: Holidays to be observed in Central Government Offices during the year 2023- reg. It has been de
Read more

7th CPC Pay Fixation on Promotion/MACP Calculator with Matrix Table

Image
7th CPC Pay Fixation on Promotion/MACP Calculator with Matrix Table Pay Fixation on Promotion/MACP Calculator as per 7th Pay Commission with Steps showing in Pay Matrix Table. Pay Fixation: One increment shall be given in the same level and placed equal or next higher amount in the promoted level. Increment: Promotion/MACP during the period from 2nd day of January to 1st day of July will be granted on 1st day of January. From 2nd day of July to 1st day of January will be granted on 1st day of July. In Matrix Table: Step 1: Locate Your Basic Pay in the Matrix Table Step 2: Grant of one increment in the same level Step 3: Locate the equal or next higher amount in the next promoted level Click to Check Your Pay Fixation on Promotion Calculators for CG Employees 7th Pay Commission Pay and Allowances  Calculator for CG Employees Click to read... 7th Pay Commission Pay and Arrears  Calculator for Defence Personnel Click to read... Defence
Read more

Revised Pay Scale from 1.7.2017 for Karnataka Govt Employees

Image
Revised Pay Scale from 1.7.2017 for Karnataka Govt Employees Check Your Revised Pension / Family Pension as on 1.7.2017 REVISED SCALES OF PAY:  The existing scales of pay are revised as specified below:-  DATE OF EFFECT: The revised scales of pay shall be deemed to have come into force with effect from 1st July 2017. The monetary benefit of the revised scales of pay shall be admissible from 1st April 2018. The increase in pay and allowances and pension on account of the revision of scales of pay shall be payable in cash with effect from 1st April 2018.  The revised scales of pay are linked to the cost of living situation represented by the index average of 276.9 points as on 1st July 2017 in the All India Average Consumer Price Index Numbers for Industrial Workers (General) (Base: 2001=100).  The revised pay scales are specific segments of Master scale of pay of Rs.17000-400-18600-450-20400-500-22400-550-24600-600-27000-650-29600-750-32600-850-36000-950-39800
Read more