Wednesday, August 23, 2017

Rly Board22.8.2017 Revision of Pension of pre 2016 pensioners


Government of India
Ministry of Railways
Railway Board
RBA No. 117 /2017
No. 2016/AC-II /21/8/PT-III
New Delhi dated : 22. 08.2017
GMs/CPOs/PFAs
All Zonal Railways / PUs

Sub:- Revision of Pension of Pre-2016 pensioners/family pensioners as per 7th CPC.

Ref: 1.DoP&PW’s OM no. 4/23/2017-P&PW(D) dated 7.8.2017.
2. RBA NO. 108/2017 Dated 04.08.2017.

Please find enclosed a copy of DOP&PW’s OM ibid wherein it has again been stressed that the pension cases may be suo-moto processed based on the details available without insisting for submission of any additional information or documents from the pensioners.
Further, Finance Secretary has reviewed the progress made in revision of pension cases and has expressed concern about the progress. It is desired that clear timelines may be drawn to complete the exercise and the progress be monitored on a weekly basis.
It is therefore requested that the timelines drawn and weekly progress made may be communicated to Board by mail at 7cpcac2rb[at]gmail.com
DA:As above
(Vivek.P. Tripathi)
Director Finance/CCA
Railway Board






Tuesday, August 22, 2017

PFRDA – Exits and Withdrawals under the National Pension System) (First Amendment) Regulations, 2017


PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
New Delhi, the 10th August, 2017
Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations, 2017
No. PFRDA/12/RGL/139/8.—in exercise of the powers conferred by sub-section(1) of Section 52 read with sub-clause(g), (h), and (i) of sub-section 2 of Section 52 of the Pension Fund Regulatory and Development Authority Act, 2013 (Act No.23 of 2013), the Pension Fund Regulatory and Development Authority hereby makes the following regulations to amend the Pension Fund Regulatory and Development Authority(Exits and Withdrawals under the National Pension System) Regulations, 2015 namely,-
1. These regulations may be called the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations, 2017.
2. These shall come into force on the date of their publication in the official gazette.
3. In the Pension Fund Regulatory and Development Authority(Exits and Withdrawals under the National Pension System) Regulations, 2015:-
(I) In regulation 2, in sub-regulation (1), the following new clauses shall be added after sub-clause (j)-
(k) “Exit ” for the purpose of this regulation shall mean closure of individual pension account of the subscriber under National Pension System, upon and on the date of happening of any of the following events, as may be applicable:
(i) a subscriber having superannuated/retired from employment, as per the terms of such employment;
(ii) a subscriber having attained the age of sixty years, and where so specifically permitted has not exercised a choice in writing to continue to remain subscribed to such system, till such further period as is permissible, with or without making contributions;
(iii) death of the subscriber before attaining the age of superannuation, or the age of sixty years, or in cases where an option has been exercised by subscriber to continue to remain subscribed to a certain permissible time period, death before expiry of such period ;
(iv) voluntary closure of the account by the subscriber, in cases where so permitted and on the date on which such closure is effected in the system;
Provided that a subscriber shall be deemed to have exited from National Pension System, in accordance with sub-clause (i) to (iv) notwithstanding that no claims have been received by or on behalf of the subscriber or such claims having being received are pending settlement.
Provided further that where a subscriber ceases to be in employment other than retirement or superannuation, it shall not be treated as exit and he shall have the option to continue his individual pension account, if available under new employment or as voluntarily available to citizens, unless the subscriber prefers a claim as provided under these regulations for withdrawal of benefits.
(l) The expression “defer” or “deferment” wherever used in these regulations shall mean the postponement or deferment of claims for receiving benefits admissible to a subscriber upon exit from National Pension System.
(II) Regulation 3 shall be substituted as follows –
3. Exit from National Pension System for government sector subscribers.-A subscriber under the government sector shall exit from the National Pension System in any of the manners specified hereunder, namely:-
(a) Where the subscriber who, upon attaining the age of superannuation as prescribed by the service rules applicable to him or her, retires, then at least forty per cent. out of the accumulated pension wealth of such subscriber shall be mandatorily utilized for purchase of annuity providing for a monthly or any other periodical pension 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:
Provided that,-
(i) the following shall be the default annuity contract that will be applicable and wherein the annuity contract shall provide for annuity for life of the subscriber and his or her spouse
(if any) with provision for return of purchase price of the annuity and upon the demise of such subscriber, the annuity be re-issued to the family members in the order specified hereunder, at a premium rate prevalent at the time of purchase of such annuity by utilizing the purchase price required to be returned under the annuity contract ( until all the family members in the order specified below are covered) :
(a) living dependent mother of the deceased subscriber;
(b) living dependent father of the deceased subscriber.
After the coverage of all the family members specified above, the purchase price shall be returned to the surviving children of the subscriber and in the absence of children, the legal heirs of the subscriber, as may be applicable; In the absence of or non-availability of such a default annuity for any reason, the subscriber shall be required to exercise the option for purchase of such annuity of his choice, within the then annuity types or contracts made available by the annuity service providers empanelled by the Authority.
Further, a subscriber who wishes to opt out of the default option mentioned above and wishes to choose the annuity contract of his choice from the available annuity types or contracts with the annuity service providers, shall be required to specifically opt for such an option.
(ii) where the subscriber does not desire to withdraw the balance amount, after purchase of mandatory annuity, such subscriber shall have the option to defer the withdrawal of the lump sum amount until he or she attains the age of seventy years, provided the subscriber intimates his or her intention to do so in writing, not less than fifteen days prior to his attaining the age of superannuation, to the Central recordkeeping agency or National Pension System Trust or any other approved intermediary or entity authorized by the Authority, in the specified form or in any other manner specified by the Authority;
(iii) where the subscriber desires to defer the purchase of annuity, he or she shall have the option to do so for a maximum period of three years from the date of attainment of age of superannuation, provided the subscriber intimates his or her intention to do so in writing in the specified form or in any other manner approved by the Authority, at least fifteen days prior to the attainment of age of superannuation, to the Central recordkeeping agency or National Pension System Trust or an intermediary or entity authorized by the Authority for this purpose. It shall be a condition precedent to opt for such deferment of annuity purchase, that in case if the death of the subscriber occurs before such due date of purchase of an annuity after the deferment, the annuity shall mandatorily be purchased by the spouse(if any) providing for annuity for life of the spouse with provision for return of purchase price of the annuity and upon the demise of such spouse, be re-issued to the family members in the order of preference provided hereunder, at a premium rate prevalent at the time of purchase of the annuity, utilizing the purchase price required to be returned under the contract ( until all the members given below are covered):-
(a) living dependent mother of the deceased subscriber ;
(b) living dependent father of the deceased subscriber.
After the coverage of all such members, the purchase price shall be returned to the surviving children of the subscriber and in absence of children to the legal heirs of the subscriber as applicable;
(iv) where the subscriber desires to defer the withdrawal of benefits available under National Pension System, the expenses, maintenance charges and fee payable under the National Pension System in respect of the individual pension account/ Permanent Retirement Account, shall continue to remain applicable;.
(v) where the accumulated pension wealth in the Permanent Retirement Account of the subscriber is equal to or less than a sum of two lakh rupees, or a limit as specified by the Authority, basing on the instructions issued by the appropriate regulator on the minimum value of annuities to be made available by the life insurers, the subscriber shall have the option to withdraw the entire accumulated pension wealth without purchasing annuity and upon such exercise of this option, the right of such subscriber to receive any pension or other amount under the National Pension System or from the government or employer, shall extinguish;
(vi) where the subscriber desires to continue in the National Pension System and contribute to his retirement account beyond the age of sixty years or the age of superannuation, he or she shall have the option to do so by giving in writing or in such form as may be specified, and up to which he would like to contribute to his individual pension account but not exceeding seventy years of age. Such option shall be exercised at least fifteen days prior to the age of attaining sixty years or age or superannuation, as the case may be, to the central recordkeeping agency or the National Pension System Trust or any other intermediary or entity authorized by the Authority for the purpose. Upon exercise of the option, the other options of deferment of benefits shall not be available to such a subscriber.
Notwithstanding exercise of such option, the subscriber may exit at any point of time from National Pension System, by submitting a request to central recordkeeping agency or the National Pension System Trust or any intermediary or entity authorized by the Authority for the purpose ;
(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:
Provided that such annuity contract shall provide for annuity for life of the subscriber and his or her spouse (if any) with provision for return of purchase price of the annuity and upon the demise of such subscriber the annuity be re-issued to the family members in the order specified hereunder at a premium rate prevalent at the time of purchase of the annuity, utilizing the purchase price required to be returned under the annuity contract (until all the members given below are covered) :-
(i) living dependent mother of the deceased subscriber ;
(ii) living dependent father of the deceased subscriber.
After the coverage of all such members, the purchase price shall be returned to the surviving children of the subscriber and in the case of absence of children, to the other legal heirs of the subscriber, as may be applicable; In the absence of or non-availability of such a default annuity for any reason, the subscriber shall be required to exercise the option for purchase of such annuity of his choice, within the then annuity types or contracts made available by the annuity service providers empanelled by the Authority.
Further, a subscriber who wishes to opt out of the option mentioned above and wishes to choose the annuity contract of his choice, from the available annuity types or contracts with the annuity service providers , shall be required to specifically opt for such an option.
Provided that if the accumulated pension wealth of the subscriber is more than one lakh rupees or a limit to be specified by the Authority for the purpose but the age of the subscriber is less than the minimum age required for purchasing any annuity from any of the empanelled annuity service providers as chosen by such subscriber, such subscriber shall continue to be subscribed to the National Pension System, until he or she attains the age of eligibility for purchase of any annuity:
Provided further that if the accumulated pension wealth of the subscriber is equal to or less than one lakh rupees or a limit to be specified by the Authority basing on the instructions issued by the appropriate regulator on the minimum value of annuities to be made available by the life insurers, such subscriber shall have the option to withdraw the entire accumulated pension wealth without purchasing any annuity and upon such exercise of this option the right of the subscriber to receive any pension or other amounts under the National Pension System shall extinguish and any such exercise of this option by the subscriber, before the notification of this provision, , shall be deemed to have been made in accordance with this regulation;
(c) where the subscriber who, before attaining the age of superannuation, dies, then at least eighty percent out of the accumulated pension wealth of the subscriber shall be mandatorily utilized for purchase of annuity and balance pension wealth shall be paid as lump sum or in another manner from among the options made available by the Authority from time to time to the nominee or nominees or legal heirs, as the case may be, of such subscriber:
Provided that,-
(i) such annuity contract shall provide for annuity for life of the spouse of the subscriber (if any) with provision for return of purchase price of the annuity and upon the demise of such spouse be re-issued to the family members in the order specified hereunder at the premium rate prevalent at the time of purchase of the annuity, utilizing the purchase price required to be returned under the contract (until all the members given below are covered):-
(a). living dependent mother of the deceased subscriber ;
(b) living dependent father of the deceased subscriber .
After the coverage of all such members, the purchase price shall be returned to the surviving children of the subscriber and in absence of children, the legal heirs of the subscriber as applicable. In the absence of or non-availability of such a default annuity for any reason, the subscriber shall be required to exercise the option for purchase of such annuity of his choice, within the then annuity types or contracts made available by the annuity service providers empanelled by the Authority.
(ii) Provided further that if the accumulated pension wealth in the permanent retirement account of the subscriber at the time of his death is equal to or less than two lakh rupees or a limit to be specified by the Authority, basing on the instructions issued by the appropriate regulator on the minimum value of annuities to be made available by the life insurers, the nominee or legal heirs as the case may be, shall have the option to withdraw the entire accumulated pension wealth without requiring to purchase any annuity and upon such exercise of this option the right of the family members to receive any pension or other amounts under the National Pension System shall extinguish;
(III) (i) Proviso (i) to Sub-clause (a) of Regulation 4 shall be substituted as follows –
Provided that,-
(i) where the subscriber desires to continue in the National Pension System and contribute to his retirement account beyond the age of sixty years or the age of superannuation, he or she shall have the option to do so by giving in writing or in such form as may be specified of the age not exceeding seventy years and up to which he would like to contribute to his individual pension account. Such option shall be exercised at least fifteen days prior to attaining the age of sixty years or age of superannuation, as the case may be, to the central recordkeeping agency or the National Pension System Trust or any other intermediary or entity authorized by the Authority for the purpose. Upon exercise of the option, the other options of deferment of benefits shall not be available to such a subscriber.
Notwithstanding exercise of such option, the subscriber may exit at any point of time from the National Pension System, by submitting a request to National Pension System Trust or any intermediary or entity authorized by the Authority for the purpose;
(ii) Proviso to sub-clause (b) of Regulation 4 shall be substituted as follows:
Provided further that if the accumulated pension wealth in the individual pension account of the subscriber is equal to or less than one lakh rupees, or a limit to be specified by the Authority, basing on the instructions issued by the appropriate regulator on the minimum value of annuities to be made available by the life insurers, such subscriber shall have the option to withdraw the entire accumulated pension wealth without requiring to purchase any annuity;
(iii) proviso (ii) to sub-clause (c) of clause (ii) of Regulation 4 shall be substituted as follows:
(ii) in case, the nomination is not registered by the deceased subscriber before his death, the accumulated pension wealth shall be paid to the family members on the basis of the legal heir certificate issued by the competent authorities of the State concerned or the succession certificate issued by a court of competent jurisdiction.
(IV) Sub-clause (b) of Regulation 5 shall be substituted as follows:
(b) at any time, before attaining the age of sixty years, subject however that at least eighty percent out of the accumulated pension wealth shall be mandatorily 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;
Provided that for a Swavalamban subscriber, the annuity purchased by utilizing the mandatory minimum of eighty percent out of the accumulated pension wealth ought to yield at least a monthly annuity or pension of one thousand rupees per month, failing which the entire accumulated pension wealth shall be annuitised in such a manner so as to yield at least a monthly annuity or pension of one thousand rupees and balance if any thereafter shall be paid as lump sum to the subscriber. However there shall be no implicit or explicit guarantee that the annuity purchased even with entire accumulated pension wealth would yield a monthly annuity or pension of one thousand rupees;
Provided that subject to the provisions of this clause, where the accumulated pension wealth does not exceed one lakh rupees or a limit to be specified by the Authority basing on the instructions issued by the appropriate regulator on the minimum value of annuities to be made available by the life insurers, the whole of the pension wealth up to the limit so specified shall be paid to the subscribers who have not availed any Swavalamban co-contribution, without any requirement of annuitisation and further this provision shall be applicable to a subscriber who has availed a Swavalamban co-contribution only if such subscriber has continued in the scheme for a minimum period of twenty-five years;
Provided further that the migration of Swavalamban subscriber or subscribers to any other pension scheme of Government of India and as approved by the Authority shall not be deemed as an exit and withdrawal for the purposes of these regulations.
(V) Regulation 6 shall be substituted with the following :
6. Conditions to apply for exit and withdrawal.- A subscriber registered under the National Pension System shall not exit there from, and no withdrawal from the accumulated pension wealth in the Tier-1 of the Permanent Retirement Account of such subscriber shall be permitted, except in the manner so specified under regulations 3,4, 5 and 8 and further as mentioned in these provisions, namely:-
(ii) Sub-regulation(e) shall be substituted with the following:
(e)If the subscriber or the family members of the deceased subscriber, upon his death, avails the option of additional relief on death or disability provided by the Government or employer, the Government or employer shall have the right to adjust or seek transfer of the entire accumulated pension wealth of the subscriber to itself. The subscriber or family members of the subscriber availing such benefit shall specifically and unconditionally agree and undertake to transfer the entire accumulated pension wealth to the Government or employer, in lieu of enjoying or obtaining such additional reliefs like family pension or disability pension or any other pensionary benefit from such Government or employer. With the release of such family pension to the eligible family members of the deceased subscriber, the right to claim any benefits under the National Pension System, by any person shall extinguish thereupon including the rights of the nominee as recorded for the purpose of receiving benefits under National Pension System.
(iii) Sub-regulation(h) shall be substituted with the following:
(h) Upon exit of a subscriber from tier-I of the National Pension System, the tier-II account of the subscriber shall also be simultaneously closed and amounts under the said account shall be paid to the subscriber or his nominees or legal heirs as the case may be.
(i) With respect to subscribers who have not submitted the withdrawal application as is required under regulation 7 and within one month from the date of attainment of the age of sixty years or the age of normal superannuation as the case may be, for withdrawal of benefits upon exit from national pension system, the accumulated pension wealth in the account of such subscriber (both under tier I and tier II) would be monetized and kept separately as per the guidelines or directions issued by the Authority for the said purpose. The income earned from such safe keeping of the monetized accumulated pension wealth of the subscriber shall form part of the benefits that the subscriber is entitled under the National Pension System. This provision shall apply in respect of such subscribers who have deferred the withdrawal of benefits or have partly withdrawn the benefits and have not taken the steps to completely withdraw the benefits as is required under the regulations and or in the guidelines or directions issued by the Authority for the purpose.
(iii) Under Regulation 6 new sub-regulation (j) after sub-regulation (i) shall be added as follows:
(j) With respect to settlement of claims arising out of the accumulated pension corpus of deceased subscribers, where no valid nomination as specified in these regulations exist on the date of death, the Authority may issue suitable directions in the interest of subscribers for settlement of such claims in favour of the family members of the deceased subscriber, up to a specified limit, by requiring such heirs to submit such documents as may be specified.
(V) Regulation 7 shall be substituted as follows: –
7. Conditions of withdrawals under National Pension System.- a subscriber shall submit the withdrawal application along with the required documents, for the purpose of withdrawing the benefits upon exit as provided in these regulations, on or before the expected date of exit from the National Pension System to the National Pension System Trust or the central recordkeeping agency, acting on behalf of it or any other entity authorized by the Authority. central recordkeeping agency or National Pension System Trust may on receipt of such an application for exit or withdrawal from a subscriber in the specified form and subject to fulfillment of conditions so specified, may allow exit or withdrawals from the National Pension System in the mode and manner permitted under these regulations and guidelines, circulars, orders or notifications issued by the Authority for the purpose:
(VI) Regulation 8 shall be substituted as follows:-–
8. The following withdrawals shall be permitted under National Pension System.- (1) A partial withdrawal of accumulated pension wealth of the subscriber, not exceeding twenty-five per cent. of the contributions made by the subscriber and excluding contributions made by employer, if any, at any time before exit from National Pension System subject to the terms and conditions, purpose, frequency and limits specified below:-
(A) Purpose: A subscriber on the date of submission of the withdrawal form, shall be permitted to withdraw not exceeding twenty-five percent. of the contributions made by such subscriber to his individual pension account, for any of the following purposes only:-
(a) for Higher education of his or her children including a legally adopted child;
(b) for the marriage of his or her children, including a legally adopted child;
(c) for the purchase or construction of a residential house or flat in his or her own name or in a joint name with his or her legally wedded spouse. In case, the subscriber already owns either individually or in the joint name a residential house or flat, other than ancestral property, no withdrawal under these regulations shall be permitted;
(d) for treatment of specified illnesses: if the subscriber, his legally wedded spouse, children, including a legally adopted child or dependent parents suffer from any specified illness, which shall comprise of hospitalization and treatment in respect of the following diseases:
(i) Cancer;
(ii) Kidney Failure (End Stage Renal Failure);
(iii) Primary Pulmonary Arterial Hypertension;
(iv) Multiple Sclerosis;
(v) Major Organ Transplant;
(vi) Coronary Artery Bypass Graft;
(vii) Aorta Graft Surgery;
(viii) Heart Valve Surgery;
(ix) Stroke;
(x) Myocardial Infarction
(xi) Coma;
(xii) Total blindness;
(xiii) Paralysis;
(xiv) Accident of serious/ life threatening nature.
(xv) any other critical illness of a life threatening nature as stipulated in the circulars, guidelines or notifications issued by the Authority from time to time.
(B) Limits: the permitted withdrawal shall be allowed only if the following eligibility criteria and limit foravailing the benefit are complied with by the subscriber:-
(a) the subscriber shall have been in the National Pension System at least for a period of three years from the date of his or her joining;
(b) the subscriber shall be permitted to withdraw accumulations not exceeding twenty-five per cent of the contributions made by him or her and standing to his or her credit in his or her individual pension account, as on the date of application for withdrawal;
(C) Frequency: the subscriber shall be allowed to withdraw only a maximum of three times during the entire tenure of subscription under the National Pension System. The request for withdrawal shall be submitted by the subscriber, along with relevant documents to the central recordkeeping agency or the National Pension System Trust, as may be specified, for processing of such withdrawal claim through their nodal office. Provided that where a subscriber is suffering from any illness, specified in sub-clause (d), the request for withdrawal may be submitted, through any family member of such subscriber.
(2) A subscriber having a valid and active Tier-II account of the Permanent Retirement Account can withdraw the accumulated wealth either in full or part, at any time by applying for such withdrawal, on such application form and in such mode and manner, as may be specified by the Authority in this behalf. There shall be no limit on such withdrawals till the account has sufficient amount of accumulated pension wealth to take care of the applicable charges and the withdrawal amount.
Provided that the Tier-II account shall stand automatically closed at the time of exit of the subscriber from the National Pension System, even if an application so specified for the purpose has not been received from the subscriber, and the accumulated wealth in such account shall be transferred to the bank account provided by the subscriber, while submitting his application for exit from the National Pension System.
(VII) Regulation 9 shall be substituted as follows:-–
9. Withdrawal process.- (1) The National Pension System Trust or any other intermediary or entity authorized by the Authority for the said purpose shall be responsible for processing, authorizing and approving the withdrawal and exit claims lodged by the subscriber in accordance with the provisions of the Act, regulations, directions, guidelines issued by the Authority and the Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015, where applicable. The National Pension System Trust shall frame and issue suitable operational processes including online processes or guidelines including the exit or withdrawal forms for facilitating withdrawals and Exit of subscribers from National Pension System after taking due approval from the Authority.
(VIII) Sub -regulation (1) of Regulation10 shall be substituted as follows:-–
10. Conditions of annuity purchase upon exit.- (1) The subscriber, at the time of exit, shall mandatorily purchase an annuity providing for a monthly or periodical annuity or pension as specified in these regulations, excepting those cases where exempted or provided otherwise and to the extent so exempted. Such annuity shall be purchased from an annuity service provider who is empanelled by the Authority.
(IX) In regulation 32, in the proviso, the following a new sub-clause (xii) shall be added after sub-clause (xi)-
(xii). In respect of subscribers covered under sub-clause(c) of Regulation 3 and sub-clause(c) of Regulation 4, where no valid nomination exists in accordance with these regulations, at the time of exit of such subscriber on account of death, the nomination, if any existing in the records of such subscriber with his or her employer for the purpose of receiving other admissible terminal benefits shall be treated as nomination exercised for the purposes of receiving benefits under the National Pension System. The employer shall send a confirmation of such nomination in its records, to the National Pension System Trust or the central recordkeeping agency, while forwarding the claim for processing.
(X) Regulations 33 and 34 shall be omitted
(XI) Regulation 35 shall be substituted as follows:-
35. Providing bank account details.- A subscriber seeking benefits upon exit or withdrawals as permitted under these regulations shall provide the Bank details mandatorily apart from details or copy of Aadhar card issued by Unique Identification Authority of India or details of or copy of Permanent Account Number (PAN) card issued by Income-Tax Department, in order to have the facility of credit of the eligible benefits directly in to the subscriber’s or claimants Bank account as applicable.
(XII) Regulation 37 shall be substituted as follows: –
37. Stoppage of last month’s deductions by employer.- The monthly contribution consisting of both the employer and employee, as may be applicable and that is required to be deducted for crediting to the subscribers account under the National Pension System by the employers from the salary of such subscriber shall be stopped at least one month prior to the date of superannuation. The employer shall pay such eligible contributions directly to the employee subscriber along with the monthly salary or remuneration that such subscriber is eligible to receive from the employer.
(XIII) Regulation 39 shall be substituted as follows: –
39. Power of the Authority to issue directions and clarifications.-(1)The Authority shall have the power to issue necessary directions, restricting the provisions relating to withdrawals and exit, as the case may be, under these regulations for complying with any requirements to move from any other pension or superannuation schemes or funds to the National Pension System.
(2) The Authority shall also have the power to issue clarifications and guidelines in order to remove any difficulties in the application or interpretation of these regulations or any provision thereof.
HEMANT G. CONTRACTOR, Chairperson
[ADVT.-III/4/Exty./179/17]

Monday, August 21, 2017

PCDA ALLAHBAD circular 173 dad 11.8.17 reg revision of pension of pre 2016 pensioners 


OFFICE OF THE PR. CONTROLLER OF DEFENCE ACCOUNTS (PENSIONS)
DRAUPADI GHAT, ALLAHABAD- 211014
Circular No C-173
No. G1/C/052/Vol-IX/Tech
O/o the PCDA (P), Allahabad
Dated: 11/08/2017
To
(All Head of Department under Min. of Defence)
Sub :- Restoration of full pension of absorbee pensioners in view of the order dated 01.09.2016 of Hon’ble Supreme Court in Civil Appeal No. 6084/2010 and civil appeal No. 6371/2010.
Ref :- GOI, Dptt.of P&PW O.M. No. 4/34/2002-P&PW(d).Vol.II, dated 23rd June,2017 & 21st July 2017(copies enclosed).
Reference is invited to para-8 of above cited DP&PW O.M. dated 23/06/2017 vide which, it has been decided to extend the benefit of order dated 02-08-2007 of the Hon’ble Madras High Court and the Order dated 01-09-2016 of the Hon’ble Supreme Court to all similarly placed absorbee pensioners. Accordingly, all such absorbee pensioners who had taken 100% lump-sum amount in lieu of pension on absorption in PSUs/Autonomous Bodies in accordance with the then existing Rule 37-A of the CCS(Pension)Rules 1972 and in whose case 1/3rd pension had been restored after 15 years, may be allowed restoration of full pension after expiry of commutation period of 15 years from the date of payment of 100% lump-sum amount
2. It is, therefore, decided that revision in such cases will be carried out by this office by issue of Corr. PPO on the basis of document forwarded by respective HOOs with the following particulars:-
i. Name of the absorbees.
ii. Name of H.O.O. from which retired
iii. Date of restoration of 1/3rd commuted portion of pension
iv. Original PPOs No. (Copy may please be attached)
v. Latest Corr. PPO No. (Copy may please be attached)
vi. Current PDA Details
a. PDA Name (i.e. Bank, DPDO, TO etc.)
b. PDA Station
c. Bank Name#
d. Branch Name#
e. Account No.#
f. BSR code of CPPC BR.#
g. IFSC Code#
Note:- If PDA is Bank, filling of columns with # mark is mandatory.
3. The absorbee pensioners whose full pension is restored in terms of the above instructions would also be entitled to revision of their pension in accordance with the instructions issued from time to time in implementation of the recommendations of the Pay Commissions, including the 7th Central Pay Commission in terms of DP&PW O.M. No. 38/37/2015-P&PW(A), dt. 12/05/2017. In is therefore, HOOs are advised to provide following mandatory information so that revision under 7th CPC may also be carried out:-
i. Last Pay drawn at the time of retirement.
ii. Pay Scale at the time of retirement.
Further, in r/o those Government Servants who retired or died before 01.01.1986 following information should also be mentioned.
iii. Notional Pay fixed as on 01-01-1986 (in case of Pre-86 retirees)
iv. Notional Pay Scale as on 01-01-1986(in case of Pre-86 retirees)
4. In view of the foregoing, you also are requested to issue suitable instructions (along with copy of this circular) to all the Head of Offices under your administrative control to ensure that application/claim on the subject matter henceforth are floated in accordance with instructions given in above Paras.
(Rajeev Ranjan Kumar)
Dy. CDA (P)
Source: pcdapension.nic.in



Saturday, August 19, 2017

Serving employee /Pensioners of Union Territories are not entitled to CGHS facilities



Government of India
Ministry of Health and Family Welfare
Department of Health & Family Welfare
Directorate Genaral of CGHS



Nirman Bhawan, New Delhi 110011
Dated the 21st July, 2017

No: Z 15025/58/2017/DIR/CGHS/Pt

OFFICE MEMORANDUM

Subject: Serving employee /Pensioners of Union Territories are not entitled to CGHS facilities’.

With reference to the above mentioned subject it has come to the notice that some CGHS cards were inadvertently issued to Pensioners of Union Territories in some cities, In this regard it is clarified that Serving employees/Pensioners of Union Territories are not entitled to CGHS facilities care must be taken to ensure that CGHS Cards are not issued to such individuals, in such cases, where CGHS cards were issued inadvertently the individuals concerned may be informed of the mistake and cancel such with a notice of one month’s grace period and the balance CGHS subscription for the remaining years may be returned to such individuals.

S/d,
(Dr.D.C.Joshi)
Director, CGHS

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Thursday, August 17, 2017

An Appeal to make pension accounts as zero balance accounts


Government caps price of knee implants, surgeries to cost nearly 70% less

                                                                       


                                            

 | Updated: Aug 16, 2017, 09:36 PM IST   


MRP of most widely used complete knee implant (Cobalt-Chromium) has been fixed at Rs 54,720 plus GST from earlier average MRP of Rs 1,58,324 MRP of special metal titanium and oxidised zirconium has been fixed at Rs 76,600 plus GST,      NEW DELHI: After coronary stents, the government on Wednesday fixed a price range for knee implants from Rs 54,000 to Rs 1.14 lakh, nearly 70 per cent lower than most surgeries currently cost.With private hospitals reportedly charging exorbitant rates, the government capped the maximum retail price of the knee implants, a move that will save patients an estimated Rs 1,500 crore annually."Government will not remain a mute spectator and will not allow this illegal and unethical profiteering," Chemicals and Fertilisers Minister Ananth Kumar told a news briefing. The price in case of specialised implants for cancer and tumour has been sharply cut to Rs 1,13,950 from the current prices of Rs 4-9 lakh. There are 1.5 crore to 2 crore patients who require knee implant surgery. Every year 1.2 lakh to 1.5 lakh knee surgeries takes place in India, according to the government. It is estimated by World Health Organization (WHO) that by 2020, osteoarthritis is going to be the fourth largest cause of immobility globally, Kumar informed.

The government had in February slashed the maximum price of life-saving heart stents implants by up to 85 per cent by capping them at Rs 7,260 for bare metal ones and Rs 29,600 for drug eluting variety.

Earlier, the average maximum retail price (MRP) for BMS was Rs 45,000 and for DES, it was Rs 1.21 lakh.Ananth Kumar said today's decision comes a day after Prime Minister Narendra Modi announced from the Red Fort on the Independence Day that prices of knee surgery would be brought down.Earlier this month, the National Pharmaceutical Pricing Authority had stated that the average trade margin on orthopaedic knee implants were found to be as high as 313 per cent.

"After cardiac stents, we have now decided to bring all kinds of knee implants under price control. In our country 1.5 to 2 crore people suffer from knee problems, who need health assistance," Kumar said."The government will not be a mute spectator to illegal and unethical profiteering," he added.

"Today across the country, private hospitals have increased prices of knee implant surgeries. They are indulging in unethical profiteering. To stop this and give relief to patients, we have taken this decision," he said. The decision has been taken keeping people's interest and health security of the nation into consideration, Kumar said.

The minister warned of stringent action against hospitals, importers, retailers if they charged in excess of the MRP saying that the government would recover excess profit from such knee implants with 18 per cent interest and may also cancel licences of hospitals.

Asked whether industry would be able to recover their costs under the new prices, the minister said: "The MRP has been fixed after taking into account the landed cost and there will be comfortable margins for the industry."

Reacting to the development, medical device industry body MTaI said MTaI is reviewing the order from NPPA.

Under the new price regime, the MRP of most widely used complete knee implant (Cobalt-Chromium) has been fixed at Rs 54,720 plus GST, a reduction of 65 per cent from earlier average MRP of Rs 1,58,324. This particular type of knee implant has around 80 per cent market share.

The new MRP of special metal titanium and oxidised zirconium has been fixed at Rs 76,600 plus GST, down 69 per cent from an average rate of Rs 2,49,251 earlier.


High flexibility implant will now cost Rs 56,490 plus GST, down 69 per cent from average MRP of Rs 1,81,728 earlier.


Special metal and high flexibility knee implants account for another 17 per cent of the market.


Revision implants for second surgery, which patients normally need after 10 years, will now cost Rs 1,13,950 plus, lower by 59 per cent from average MRP of Rs 2,76,869.


Lastly, the MRP of specialised implants for cancer and tumour has been fixed at Rs 1,13,950 which used to be priced around Rs 4-9 lakh.
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Railway Board order dated 04.08.17 regd revision of pension of pre 2016-PPOvrevison to be done suo moto