Registration of Government Employees aged 60 years and above under National Pension System (NPS)
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
22 April ,2014
PFRDA/2014/3/PDEX/12
Subject: Registration of Government employees aged 60
years and above under
National Pension System (NPS)
The Authority has been receiving several requests from
various governments (central & state) to approve the registration of
subscribers under National Pension System (NPS) who are aged 60 years and above and which re being approved on case by case basis by PFRDA at present.
Keeping in view of the difficulties being faced by
subscribers, now the Authority has decided to enroll all eligible Government employees
(central & state) who are on the rolls of the government in to NPS, irrespective of
the age at the time of entry, subject to the condition that the total period of
contribution to NPS account shall not be more than 42 years. The NPS applications of such subscribers need
to be submitted
through the appropriate nodal officer of the Govt/ Deptt,
in line with the procedure adopted for NPS registration for Government employees
aged below 60 years.Also, the responsibility for ensuring that the employee is
eligible for being covered under NPS and that the NPS contribution is not paid beyond 42 years
during the entire service
period for such an employee, lies with the department
submitting the subscriber registration form.
This is for the information of all concerned.
Sd/
Venkateswarlu Peri
General Manager
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