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CLARIFICATION- ELIGIBILITY OF FMA

All India Postal RMS Pensioners Association held its Central Management Committee Meeting on 12-08-2019 at the BSNL Multi- Purpose Hall,  Panbazar ,Guwahati. Com.KKN Kutty, Secretary General, NCCPA inaugurated the CMC with an inspiring speech. Com.D K Rahate, President , AIPRPA controlled the proceedings. Com.K G jayaraj, General Secretary, in his address mentioned the special bond  of AIBDPA with AIPRPA which are the dominant constituents of NCCPA. He also spoke on the peculiar political scenario in the country and mounting attacks  on the workers and pensioners which have to be resisted with united struggles.

Com.K.Raghavendran, General Secretary, AIPRPA in his speech elaborately dealt with the issues of the pensioners including Option 1 and MACP. Com.G. Talukdhar, Circle Secretary, R-3 and General Secretary, JCTU also addressed. Coms. M R Das, AGS, AIBDPA, Shankar Kumar Das, General Secretary, Assam Pensioners Associations and S N Sarma, Circle Secretary, AIBDPA participated.

AIBSNLPWA has claimed in their website posting that they had sent their letter on pension revision to our email address aibdpa @gmail.com. But the fact is that our email address was changed some five years ago to mail. aibdpa@gmail.com

The updated email address is available in our website, “contact us” . This is only to clear the confusion in this regard.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA
QUESTION NO 3404
ANSWERED ON 23.07.2019

Pensionary benefits under NPS on voluntary retirement

3404 Shri Ravi Prakash Verma

Will the Minister of FINANCE be pleased to state :-

(a) whether voluntary retirement is allowed to employees of Central Government covered under NPS after completion of 20 years of service on the lines of old pension scheme;

(b) if so, the details thereof;

(c) the details of pensionary benefits and other retirement benefits available/ allowed under NPS to employees who voluntarily retire;

(d) whether Government would increase its contribution to 20 per cent from 14 per cent under NPS in view of dismal returns on NPS fund to make it more attractive;

(e) if so, the details thereof; and

(f) if not, the reasons therefor?

ANSWER

The Minister of State (Finance)

(a) and (b) The features and benefits under National Pension System (NPS) and the old pension scheme are independent. Under NPS, there is a provision for voluntary retirement/exit prior to the age of superannuation, without linking it with the minimum number of 20 years of service.

(c) As per Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) Regulations, 2015, and amendments there under, the provisions for voluntary retirement/exit and the benefits available/ allowed under NPS to employees of Central Government who voluntary retires are as follows:

“3(b) where the subscriber who, before attaining the age of superannuation prescribed by the service rules applicable to him or her, voluntarily retires or exits, then at least eighty per cent out of the accumulated pension wealth of the subscriber shall mandatorily be utilized for purchase of annuity and the balance of the accumulated pension wealth, after such utilization, shall be paid to the subscriber in lump sum or he shall have a choice to collect such remaining pension wealth in accordance with the other options specified by the Authority from time to time, in the interest of the subscribers”

Further, as informed by the Department of Pension and Pensioners’ Welfare, the benefit of retirement gratuity and death gratuity has been extended to Government employees covered under NPS on the same terms and conditions as are applicable under CCS (Pension) Rules, 1972.

(d) to (f) (d) to (f) Recently, vide Gazette Notification dated 31.01.2019, the mandatory contribution by the Central Government for its employees covered under NPS Tier-I has been enhanced from the existing 10% of basic pay +DA to 14% of basic pay + DA. The employees’ contribution rate would remain at the existing 10% of basic pay + DA. There is no proposal to increase the contribution to 20 percent from 14 percent under NPS.

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BSNLEU is greatly perturbed that in the name of Revival Package, BSNL’s valuable land parcels are being transferred to the Special Purpose Vehicle (SPV). In turn, the SPV will hand over these lands to the corporates entrepreneurs at a throw-away price. According to BSNLEU, this is a very big scam. BSNLEU has written to the Secretary, Telecom, seeking his   intervention to stop this scam.

(BSNLEU Website)

Kannur District Branch organised a mammoth Dharna in front of Telephone Bhavan, Kannur on 07-08-2019 in support of the struggle being conducted by the CCLU (CITU) against the retrenchment and non-payment of wages for the last seven months. Com.Keecheri Raghavan, Secretary, Folklore Academy, Kerala inaugurated the Dharna. Com.P V Unnikrishnan, President presided over the meeting. Com.K Kunhiraman, District Secretary welcomed one and all. Coms. P Manoharan (Circle President, BSNLEU), K.Mohanan (Working President,CCLU ,Kerala), Karayi Sreedharan ( Circle Patron,AIBDPA) and a host of leaders addressed the Dharna.

Com.P V Unnikrishnan has stated that the District Branch has decided to donate Rs.One lakh towards the relief fund of the suffering casual ,contract workers. CHQ heartily congratulate Kannur District Branch for the support being extended to the struggling workers. 

The Second biennial district conference of Hisar district, Haryana was held on.3-08-2019 under the presidentship of Com.Ashok Gupta at Kumhar Dharamshala ,Hisar. Com.Kuldeep Singh Circle Secratery inaugurated the conference & explained about the issue’s related to pensioners like Pension Revision,Setellement of Medical Claims & financial revival of BSNL. He also emphasized on strengthening the organization .Com.Naresh Kumar, Com.Suresh Sharma,Com.Ashok Gupta & Com.R.K Mehta also addressed the conference.After adoption of the report &accounts , election of office bearers were held unanimously 

Com. Dharamchand ,Com.B N Verma and Com.P N Chopra are the President ,Distt.Secratery and Treasurer, respectively.