The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Keeping in view the possibility of sudden financial needs of the subscribers, the requirement of minimum period under National Pension System (NPS) for availing the facility of partial withdrawal from the mandatory Tier-I account of the subscriber has been reduced from 10 years to 3 years from the date of joining w.e.f. 10th August, 2017. The minimum gap of 5 years between two partial withdrawals has also been removed w.e.f. 10th August, 2017.Wednesday, December 26, 2018
New Norms for Withdrawal of National Pension System (NPS).
The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Keeping in view the possibility of sudden financial needs of the subscribers, the requirement of minimum period under National Pension System (NPS) for availing the facility of partial withdrawal from the mandatory Tier-I account of the subscriber has been reduced from 10 years to 3 years from the date of joining w.e.f. 10th August, 2017. The minimum gap of 5 years between two partial withdrawals has also been removed w.e.f. 10th August, 2017.
Meeting was held between AIAPS representatives and Postmaster cadre committee members
Meeting was scheduled at Dak Bhawan on 20.12.2018 between AIAPS representatives and Postmaster cadre committee members and lasted 2 hours 45 minutes.
We had healthy detailed discussion regarding PM cadre's 8 years issues and expected remedies also recorded with the committee.
Committee is very positive and we could definitely expect the finest possible solution from the directorate for our all problems faced till date.
We may expect minutes copy of that meeting and further recommendations of the Postmaster cadre committee within one or two weeks.
We may expect minutes copy of that meeting and further recommendations of the Postmaster cadre committee within one or two weeks.
Wednesday, December 12, 2018
Standard Operating Procedure – Internet Banking
Introduction:
Department of Posts has introduced Internet Banking facility for Post Office Savings Bank customers for CBS migrated Post Offices.
Tuesday, December 11, 2018
Article No 4 - Whether Group C cadre restructure clarification order dated 05.12.2018 is huge set back???
Dear Supervisors and Postal Assistants....
1.You may well aware about my previous articles related to Group 'C' cadre restructure of DOP. Now department had circulated one more clarification on 05.12.2018 regarding Group C cadre restructure. It is definitely a huge set back to all the Postal Assistants, LSG/HSG II/HSG I officers.
2. A detailed article is produced below along with directorate letter dated 05.12.2018 for the information of all and necessary further action too.
3. After thorough discussions with staff side by Shri.Charles lobo committee, department had clarified on 10.11.2017 that to maintain the uniformity at all circles in completing the Cadre restructure order dated 27.5.2016, when ever, LSG/HSG II/HSG I promotion given belatedly due to administrative delay at various circles, date of effect of such promotion is accorded retrospectively as on date of cadre restructure order i.e., 27.05.2016 instead of actual date of joining in those supervisory posts.
Streamlining of National Pension System (NPS) - PIB News!
Press Information Bureau
Government of India
Ministry of Finance
10-December-2018 15:01 IST
Streamlining of National Pension System (NPS)
Decision
The Union Cabinet in its Meeting on 6th December, 2018 has approved the following proposal for streamlining the National Pension System (NPS).
Enhancement of the mandatory contribution by the Central Government for its employees covered under NPS Tier-I from the existing 10% to 14%.
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