Guaranteed Pension to the Central Government Employees under NPS

Guaranteed Pension to the CG Employees under NPS – Minimum assured returns to the NPS subscribers in terms of Pension Fund Regulatory and Development Authority Act, 2013

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
B-14/A, Chhatrapati Shivaji Bhawan, Qutab Institutional Area,
Katwaria Sarai, New Delhi-110016

File No. PFRDA/16/3/29/0081/2017-REG-PF

Date: 13th February, 2019

To

Shri C. SriKumar
General Secretary
All India Defence Employee’s Federation
S.M.Joshi Bhavan,Survey No.81,
Dr.Babasaheb Ambedkar Road,
Khadki, Pune – 411 003

Subject: Guaranteed Pension to the Central Government Employees governed under NPS – reg.

Dear Sir,

We refer to your letter No.94/1094/NPS/AIDEF/19 dated 1st February,2019 regarding subject mentioned above.

2. In this regard, we inform that the Authority is in process of designing a scheme providing minimum assured returns to the NPS subscribers in terms of Pension Fund Regulatory and Development Authority Act,2013, in consultation with the Pension Funds Actuaries and Financial Sector Regulators. The Proposal is under active deliberation and being workout in best possible way. It is proposed that the final proposal would be put up for stakeholder consultation in our website once the same is ready and feedback would be received from all concerned before finalizing the proposal.

3. The Authority would notify such minimum assured scheme once finalized with the approval of the Government.

4. This is for your information.

Yours sincerely,

(Venkateswarlu Peri)
Chief General Manager

Source: PFRDA