August 26, 2009

PAYMENT OF 2ND INSTALMENT (60%) OF 6TH PAY COMMISSION ARREARS WHO ARE COVERED UNDERE NPS (APPOINTED ON OR AFTER 1.1.2004)

Copy of Ministry of Finance, Department of Expenditure, OM No 1(2)/EV/2008 dated 17.8.2009.

Sub : Implementation of New Pension Scheme - Pre-condition for release of 2nd installment of arrears of 6th CPC recommendataions."

Reference is invitied to this Department's earlier OMs regardings implementation of New Pension Scheme. The progress of implementation of NPS has been reviewed and the following action needs to be taken immediately.

i. It has been intimated by NSDL that in a large number of cases pertaining to post 01.01.2004 entrants into Government service, the individual application forms for registration to the NPS have not been filled up and sent to them. It is therefore, advised that all employees under the administrative control of your Ministry/Department who are covered under NPS may be asked to fillup the enclosed form which may then be forwarded by DDO/PAO to NSDL immediately (latest by 31st Aughst, 2009) if this has not been already been done. Action in this regard will need to be completed before release of second installment of arrears for which separate orders will be issued. It may be noted that release of the 2nd instalment, for post 1/1/2004 entrants, will be subject to the above action being completed.

ii. Further, the review has brought out that there are cases where the CDDOs/PAOs have not uploaded contribution files or (b) regular montly credits have not been posted in the IRA or (c) there is mismatch of contribution. NSDL has been asked to forward PAO/DDO wise subscriber details which will become available to CDDOs/PAOs by the end of August, 2009, suitable instructions may be issued to all the PAOs/CDDOs to veryfy the details/confirm contribution/Fund Transfer circulated by NSDL. Action as prescribed by NSDL/PFRDA while circulating these details (underlying action for missing credits) may be completed positively by 30th September, 2009.

SD/- Manoj Sahay, Director (A) Click here to see Finance Ministry of OM and enclosures

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