Streamlining of National Pension System

Jul 02, 2019 | by Avantis RegTech Legal Research Team

The Ministry of Finance on June 18, 2019, has issued an Office Memorandum for streamlining the implementation of National Pension Scheme (NPS) [Notification F. No. 1/3/2016-PR issued dated January 31, 2019] with regard to enhancement of Central Government’s contribution rate; providing choice of investment pattern and pension fund; and compensation for non or delayed deposit of NPS contributions in respect of NPS subscribers under Central Government. It is requested to circulate the Notification amongst the concerned employees and subscribers.



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