Matter of providing information from CPF to GPF :Ministry of Human Resource Development, Department of School Education and Literacy, letter no. 5-7 / 98-UT-1 dated 14 August 2008, the Navodaya Vidyalaya Samiti (Navis) has notified the new pension scheme of the Government of India.
The new pension scheme came into force from 01.04.2009 on all regular employees of Navis. NPS dated 01.04.2009 and all regular employees to be appointed thereafter. Become a member of However, those employees who are appointed in Navis before 01.04.09 on regular basis, were given the option to continue in the existing CPF scheme or to adopt the new pension scheme. This option was to be given within three months of the date of issue of this notification i.e. 04.08.2009.
The new pension scheme has two levels, Tier-I and Tier-II. Contribution is mandatory in Tier-I, while in Tier-II, it is optional and is based on the discretion of the employees. In Tier-I, employees are required to contribute 10% of the basic salary and dearness allowance in their pay scale, deducted from their pay bills every month for the respective PAOs. Is done by The same amount is also deposited by the committee. Withdrawal from Tier-I account is also not permitted.
Subject to the recommendations of the 7th Pay Commission, the deduction payable under the new pension scheme will be made according to the revised pay scale of the employee from the date on which the employee has given the option of revised pay scale.
Shimla. 80 thousand employees working in government jobs are caught in the pension scheme. On retirement, 60 percent of the employees’ money will be received in installments. The retired employee will have to wait for several years for the amount deposited under the pension.
In the CPF (Contributory Pension Scheme), the government will pay 60 per cent of the whole life’s earnings in a phased manner. Several screws have been put in the CPF scheme for government employees. Under the scheme, a monthly pension will be fixed for a retired employee with 40%. The government has issued new rules for the CPF scheme. Every month more than 5 crore rupees from the salary of the employees go to the pension fund.
7 thousand are deducted every month, under this scheme, one thousand rupees are deposited in the pension scheme every month from the salary of the fourth class employee. Due to increase in the position of government job, 7 thousand rupees are deposited in the scheme from the salary of IAS officer. The CPF scheme provides that the government will also contribute a share equal to the deduction from the salary of each employee. After 2003, the government launched the CPF scheme for employees joining government jobs after 2003.
Matter of providing information from CPF to GPF
Under this, it is mandatory for the government to cooperate even with the deduction from the salary of the employees. Now the system of GPF has been abolished by the salary of the employees. All types of employee schemes range from class four employees to IAS level officers under the CPF scheme. From regular employees to contracts, part time is also included in the plan. Will be applicable to officers and employees of IAS, IFS, HAS and State Administrative Services working in the government.