Conference on Portability from Superannuation and Recognized Provident Funds to National Pension System (NPS) Press Information Bureau Government Of India Ministry Of Finance 15-Sep-2017 Conference on Portability from Superannuation and Recognized Provident Funds to National Pension System (NPS); NPS has more than 1.71 crore subscribers with total Asset under Management (AUM) of more than Rs. 2.04 lakh crores. A Conference on Portability from Superannuation and recognized Provident Funds to National Pension System (NPS) was organized by the Pension Fund Regulatory and Development Authority (PFRDA) in coordination with Willis Towers Watson in national capital. The Prime objective of the Conference was to provide a knowledge base platform to the Corporate by providing solutions to address the issues / challenges of portability of superannuation funds to NPS. 160 participants comprising Corporate, Points of Presence (POPs), Pension Funds, Central Record Keeping Agencies (CRAs) participated in the Conference. Dr. B. S. Bhandari, Whole Time Member (Economics), PFRDA, highlighted the need to expand the coverage of NPS in an efficient and sustainable way. He asserted the fact that there are more employees in the Corporate – Private sector than in the government sector and hence there is a great potential for NPS in the corporate sector. PFRDA has been constantly engaging with its stake holders in the NPS and has been working with industry associations for promotion of NPS in the Corporate – Private sector. To make NPS entry easy and the interface user friendly, various modifications have been carried out in the product. Shri Rohit Jain, Head, Willis Towers Watson (India), speaking on the occasion, told that the average life expectancy of persons in India has risen and hence there is a greater need for a retirement / pension product for all. Traditional pension products cover only 30% of the population. In this changing scenario there is a latent demand for product like NPS as there is no universal pension product. Shri Hemant Contractor, Chairman, PFRDA in his key note address, informed that, earlier, people used to retire from the same job not only in the government sector but also in private sector. With opening up of economy people started getting more job opportunities switching jobs suitable to their skills and talents. Job switching has become more frequent and people seek more controls on their finances, when they start moving jobs and place from one to another. The concept of portability came in and people started thinking about having better control on their retirement savings. Defined Benefit Pension schemes, which were predominant, became unsustainable not only for the government sector but also for the private sector because of various factors. A Defined Contribution scheme was therefore launched in 2004 which was initially only for Central Government employees, but which was later extended to State Government employees and later to the private sector. This scheme is the National Pension System (NPS), which is regulated by PFRDA. NPS addressed the concerns of subscribers relating to portability and freedom of choice, and gradually started to pick up momentum in the private sector. The other features of NPS, namely, low cost, attractive returns, transparency, flexibility and domain expertise in each area of pension activity were the other factors which appealed to the private sector. Innovations and changes are made from time to time in the NPS product and processes, some recent examples being, introduction of two new life cycle funds, inclusion of alternative assets in investment portfolio, online entry and exit etc. The entry age to NPS is now proposed to be increased to 65 years from 60 years and there is an option to continue up to age of 70 years. The Chairman also mentioned that NPS should also be explored, as an additional retirement benefit, for corporates where superannuation funds are not available and employees are covered only under the mandatory EPFO schemes. He highlighted the growth of 47% in AUM and 26% in number of subscribers in the last financial year (2016-17). He also made a reference to Atal Pension Yojana, the pension platform available for unorganized segment through Government of India / PFRDA and its year on year growth indicating the underlying demand for pension products in India. During the conference, a panel discussion comprising industry experts such as Willis Towers Watson, HDFC Pension Funds, Siemens Limited, Vedanta Group and NSDL e-Governance Infrastructure Limited eyeing the opportunities, addressing the challenges / issues and preparation of necessary guidelines on superannuation funds and NPS portability was conducted. In the second half, a Conference for Point of Presence (PoPs), the distribution channel for NPS, was conducted. Shri Hemant Contractor, Chairman, PFRDA, in his keynote address stressed on the need for robust distribution of the NPS through the current distribution network being managed by POPs which are Banks and other financial institutions. He also laid emphasis on the fact that, the key to last mile connectivity is increased distribution network by the POPs by registration and activation of more branches and through awareness campaigns. He informed that PFRDA has empanelled IL&FS Skill Development Corporation Limited as its training agency to impart training on NPS to POPs and Corporate and urged the POPs to utilise the services of the Training Agency for training of their staff member on NPS. During this conference, awards were distributed to the POPs, for their performance in FY 2016-17 under various categories. Currently, NPS has more than 1.71 crore subscribers with total Asset under Management (AUM) of more than Rs. 2.04 lakh crores. Source: PIB … Continue Reading…
Grant of Educational Concession to the Children of Armed Forces Officers/Personnel Below Officer Ranks (PBORs) missing / disabled / killed in action No.6(l)/2009/Edu. Concession/ D(Res.-II) Government of India Ministry of Defence Department of Ex-Servicemen Welfare Room No. 231, ‘B’ Wing Sena Bhawan, New Delhi Dated: 13th Sept, 2017 To, The Chief of the Army Staff The Chief of the Naval Staff The Chief of the Air Staff The Director General Indian Coast Guard. Subject : Grant of Educational Concession to the Children of Armed Forces Officers/Personnel Below Officer Ranks (PBORs) missing / disabled / killed in action: Consequent upon the decision taken by the Government on the recommendations made by the Seventh Central Pay Commission (7th CPC) in Para 8.17.42 regarding enhancement of Educational Concessions to the Children of Armed Forces Officers/Personnel Below Officer Ranks (PBORS) Missing/Disabled/Killed in action and in supersession of earlier order No 6(1)/2009/Edu. Concession/II D(Res) dated 25th Oct 2010 on the subject, the President is pleased to issue the following instructions: (i) Tuition Fees: Full reimbursement of tuition fee (Capitation fee and caution money not included) levied by the educational institutions concerned (including charges levied for the school bus maintained by the school or actual fares paid for railway pass for students or bus fare certified by the Head of Institutes). (ii) Hostel Charges: Full reimbursement of Hostel charges for those studying in boarding schools and colleges. (iii) Cost of books/stationery: Rs. 2000/- (Rupees two thousand only) per annum per student or the amount claimed by the student, whichever is less. (iv) Cost of Uniform where this is Compulsory: Rs. 2000/- (Rupees two thousand only) or the amount claimed‘by the student, whichever is less. (v) Clothing: Rs. 700/- (Rupees seven hundred only) per annum per student or the amount claimed by the student, whichever is less. 2.The education concessions referred to above will be admissible only for undertaking studies in Govt/Govt. aided schools/educational institutes, Military/Sainik Schools and other schools or colleges recognised by the Central or State Governments including the autonomous organisations financed entirely by the Central/State Governments. 3.The above educational concessions will be available for school going children from 2 classes prior to lst class up to and inclusive of the First Degree Course. 4. Re-imbursement of Educational Concession shall have no nexus with the performance of the child in his/her class. In other words, even if a child fails in a particulars class, the re-imbursement of CEA shall not be stopped. 5. The combined amount of Tuition Fees and Hostel Charges shall not exceed Rs. 10,000/-pm. 6.The concession shall go up by 25 percent each time DA rises by 50 percent. 7.These orders shall be effective from 1st July, 2017. 8.The Educational concession referred to in this order will be debit able from Major Head 2076 and Minor Head 800 B(a)2 of the Defence services Estimates (Army) and relevant Heads of Navy, Air Force and Coast Guard. 9. This issues with the concurrence of Ministry of Defence (Finance Pension) vide their U.O. No.IO (23)/09/Fin/Pen dated 11.09.2017. Yours faithfully, S/d, (Santosh) Joint Secretary to the Government of India Signed Copy … Continue Reading…
Agitation programmes of NFPE & Confederation – AIPEU-GDS Dear Comrades, The Confederation of Central Govt Employees & Workers decided to conduct series of agitation programmes on the issues of working class & Central Govt. Employees as scheduled below. NFPE is the major organization in the CCGEW and endorsed the agitation programmes announced on the charter of demands. The members of AIPEU-GDS is also should participate in all the agitation programmes given by NFPE. The GDS demands are also placed in the Charter for the cause of GDS along with the demands of postal working class and Central Govt Employees. It is requesting all the members of AIPEU-GDS in the divisions of all Circles to participate in all agitation programmes along with NFPE unions and make it grand success. The CHQ office bearers, Circle Secretaries, Division/Branch Secretaries and active comrades are requested to mobilize the GDS comrades and participate in a large number to make all the agitation programmes successful. Phased ProgrammesMass Dharna at all District Head Quarter on 19th Sept 2017 Mass Dharna at all State Capitals on 17th October 2017 Maha Dharna at New Delhi with Central Trade Unions other independent federation on 9th, 10th& 11th Nov 2017.12 points charter of Demands of all workers 1.Urgent measures for containing price rise through universalization of public distribution system and banning speculative trade in commodity market. 2.Containing unemployment through concrete measures for employment generation. 3.Strict enforcement of all basic labour laws without any exception or exemption and stringent punitive measures for violation of Labour laws. 4.Universal social security cover for all workers. 5.Minimum wages of not less than 18000/- per month with provisions of indexation. 6.Assured enhanced pension not less than Rs.3000/- per month for the entire working population. 7.Stoppage of disinvestment and strategic sale in Central/State Public Sector Undertakings. 8.Stoppage of Contractorisation in permanent periennial work and payment of same wage and benefits for contract workers as regular workers for same and similar work. 9.Removal of all ceilings on payment and eligibility of bonus, provident fund; increase the quantum of gratuity. 10.Compulsory registration of Trade Unions within a period of 45 days from the date of submitting application and immediate ratification of ILO Conventions C-87 and C-98. 11.Against Labour law amendments. 12.Against FDI in Railways, Insurance and Defence. 21 points charter of Demands of Confederation 1.Honour the assurance given by the Group of Ministers to NJCA on 30th June 2016 and 6th July 2016, especially increase in minimum wage and fitment factor. Grant revised HRA at the rate of 30%, 20% and 10% with effect from 01-01-2016. Settle all anomalies arising out of implementation of 7th CPC recommendations, in a time bound manner. 2.Implement option-I recommended by 7th CPC regarding parity in pension of pre-2016 pensioners. 3.Scrap PFRDA Act and Contributory Pension Scheme and grant pension and Family Pension to all Central Government employees recruited after 01.01.2004, under CCS (Pension) Rules 1972. 4.Treat GraminDakSewaks of Postal department as Civil Servants, and extend all benefits like pay, pension, allowances etc. of departmental employees to GDS. 5.Regularise all casual, contract, part-time, contingent and Daily rated mazdoors and grant equal pay and other benefits. 6.No Downsizing, Privatisation, outsourcing and contractorisation of Government functions. 7.Withdraw the arbitrary decision of the Government to enhance the bench mark for performance appraisal for promotion and financial upgradations under MACP from “GOOD” to VERY GOOD” and also decision to withhold annual increments in the case of those employees who are not able to meet the bench march either for MACP or for regular promotion within the first 20 years of service. Grant MACP pay fixation benefits on promotional hierarchy and not on pay-level hierarchy. Personnel promoted on the basis of examination should be treated as fresh entrants to the cadre for grant of MACP. 8.Withdraw the draconian FR 56 (J) and Rule 48 of CCs (Pension) Rules 1972 which is being misused as a short cut as purity measure to punish and victimize the employees. 9.Fill up all vacant posts including promotional posts in a time bound manner. Lift ban on creation of posts. Undertake cadre Review to assess the requirement of employees and their cadre prospects. Modify recruitment rules of Group-‘C’ cadre and make recruitment on Reginal basis. 10.Remove 5% ceiling on compassionate appointments and grant appointment in all deserving cases. 11.Grant five promotions in the service carreer to all Central Govt. employees. 12.Abolish and upgrade all Lower Division Clerks to Upper Division Clerks. 13.Ensure parity in pay for all stenographers, Assistants, Ministerial Staff in subordinate offices and in all organized Accounts cadres with Central Secretariat staff by upgrading their pay scales. Grant pay scale of Drivers in LokSabha Secretariat to Drivers working in all other Central Government Departments. 14.Reject the stipulation of 7th CPC to reduce the salary to 80% for the second year of Child Care leave and retain the existing provision. 15.Introduce Productivity Linked bonus in all department and continue the existing bi-lateral agreement on PLB wherever it exists. 16.Ensure cashless, hassle free medical treatment to all Central Government employees & Pensioners in all recognized Government and Private hospitals. 17. Revision of Overtime Allowance (OTA) and Night Duty Allowance (NDA) w.e.f 01.01.2016 based on 7th CPC pay scale. 18.Revision of wages of Central Government employees in every five years. 19.Revive JCM functioning at all levels. Grant recognition to the unions/Associations under CCS (RSA) Rules 1993 within a time frame to facilitate effective JCM functioning. 20.Implementation of the Revised Pay structure in respect of employees and pensioners of autonomous bodies consequent on implementation of CCS (Revised Pay) Rules 2016 and Revised Pension Rules in respect of Central Government employees and pensioners. 21.Implementation of the “equal pay for equal work” judgment of the Supreme Court in all departments of the Central Government. P.Pandurangarao General Secretary Source : aipeugdsnfpe.blogspot.in … Continue Reading…
Productivity Linked Bonus for the eligible Defence civilians of the Army Ordnance Corps (AOC) for the year 2016-2017. No. 20(3)/2017/D(JCM) Government of India Ministry of Defence New Delhi, the 12th September, 2017. To The Chief of the Army Staff, New Delhi. Subject :Productivity Linked Bonus for the eligible Defence civilians of the Army Ordnance Corps (AOC) for the year 2016-2017. Sir, I am directed to refer to the Productivity linked Bonus Scheme already circulated vide this Ministry's letter No. F.24(6)/80/D(JCM), dated 28th September, 1983, as amended from a time to Vine, and to convey the sanction of the President to the payment of 40 days (Forty days) wages in cash as PLB for the year 2016-2017 to the eligible civilian employees of the AOC. 2. The entitlement has been worked out on the basis of the working results for the year 2016-2017 in accordance with the agreed formula. 3. The PLB will be paid to all eligible Gp. 'B' (Non-Gazetted), Gp 'C' & Gp. 'D' civilian employees of AOC who are covered under PLB Scheme for the accounting year 2016-2017. The calculation celling of Rs.7000/-(7000 x 40/30.4) and other terms and conditions of the PLB Scheme in will rein unchanged. 4. Productivity Linked Bonus to the casual labourer will be paid at the assumed wages of Rs.1200/- p.m (1200 x 40/30.4) for the accounting year 2016-2017. However, in cases where the actual wages fall below Rs.1200/- p.m., the amount will be calculated on the actual monthly waged. The other conditions remain unchanged. 5. The expenditure on this account will be debatable to Defence Services Estimates under respective Heads to which the pay and allowances of these employees are debited. The entire expenditure on the payment of PLB is to be met out of the sanctioned budget grant for the year 2017-2018. 6. This issues with the concurrence of the Ministry of Finance (Department of Expenditure] vide their ID No. 300349248/E.III(A)/2017 dated 08.09.2017 and Defence (Finance /AG/PB) vide their Dy. No. 149/AG/PB/2017 dated 11.09.2017 Yours faithfully S/d, (Pawan Kumar) Under Secretary to the Government of India Telefax: 2301 1681 Signed Copy … Continue Reading…
Productivity Linked Bonus for the civilians of the Indian Navy for the year 2016-2017 No.20(5)/2017/D(JCM) Government of India Ministry of Defence New Delhi, the 12th September, 2017 To The Chief of the Naval Staff, New Delhi. Subject : Productivity Linked Bonus for the civilians of the Indian Navy for the year 2016-2017. ****** Sir, I am directed to refer to the Productivity Linked Bonus Scheme already circulated vide this Ministry ‘s letter No.F.24(9)/80/D(JCM), dated 28th september, 1983, as amended from time to time, and to convey the sanction of President to the payment of 40 days (Forty days) wages in cash as PLB for the year 2016-2017 to the eligible civilian employees of the Indian Navy. 2.The entitlement has been worked out on the basis of the working results for the year 2016-2017 in accordance with the agreed formula. 3.The PLB shall be paid to all eligible Gp.’B’(Non-Gazetted), Gp.’C’ and Gp.’D’ civilian employees of Indian Navy who are covered under PLB Scheme for the accounting year 2016-2017. The calculation ceiling of Rs.7000/-(7000*40/30.4) and other terms and conditions of the PLB Scheme will remain unchanged. 4. Productivity Linked Bonus to the casual labourer will be paid at the assumed wages of Rs.1200/- p.m.(1200*40/30.4) for the accounting year 2016-2017,.However, in cases where the actual wages fall below Rs.1200/-p.m., the amount will be calculated on the actual monthly wages. The other conditions remain unchanged. 5.The Expenditure on this account will be debitable to Defence Services Estimates under respective Heads to which the pay and allowances of these employees are debited. The entire expenditure on the payment of PLB is to be met out of the sanctioned budget grant for the year 2017-2018. 6.This issues with the concurrence of the Ministry of Finance (Deptt. Of Expenditure) vide their I.D. No. 300349888/E.III(A)/2017 dated 08.09.2017 and MoD (Finance/AG/PB) vide their Dy. No.163/AG/PB dated 11.09.2017 Yours faithfully, S/d, (Pawan Kumar) Under Secretary to the Government of India Signed Copy … Continue Reading…
Notification of fresh empanelment of Private Hospitals & Diagnostic Centers under Continuous Empanelment Scheme of CGHS, Chandigarh
GOVERNMENT OF INDIA
Ministry of Health & Family Welfare
(CENTRAL GOVT HEALTH SCHEME)
O/O ADDITIONAL DIRECTOR, CGHS, CHANDIGARH
In response to Ministry of Health & Family Welfare, Govt. of India, Nirman Bhawan, New Delhi’s O.M No. S.11011/23/2009-CGHS D.II/Hospital Cell(Part IX) dated 14.02.2013 & letter No. S.11045/23/2013/CGHS D.II (HEC)/CGHS(P)/Pt) dated 15.07.2013 for continuous fresh empanelment of private hospitals & diagnostic centers for city of Chandigarh, a committee consisting of two senior most CMOs headed by undersigned and selected the private hospitals & diagnostic centers for Chandigarh. The qualified list of Hospitals & Diagnostic Centers is according to category and purpose attached as Annexure “I” with this O.M.
2. The hospitals & diagnostic centers who have qualified to be empanelled under CGHS, Chandigarh have submitted the Memorandum of Agreement(MOA) with CGHS alongwith Performance Bank Guarantee, acceptance of CGHS Rates etc. are approved for empanelment of private hospitals & diagnostic centers under CGHS Chandigarh.
3. The empanelment shall be for a period of one year from the date of notification or till new empanelment process which ever is earlier subject to the condition that Those Hospital/Diagnostic centers/Imagining centers who have obtained entry level pre- accreditation from NABH/NABL at the time of submission of application, such hospitals would however have to obtain final accreditation from NABH/NABL within twelve(12) months from the date of issue of this notification and other hospitals/diagnostic centers have applied for NABH/NABL accreditation with six(06) months failing which their empanelment will stand cancelled.