NPS KARMVHARIO NE NIVRUTI SAMYYE GRADUATY CHUKKVVA BABAT PARIPATRA DATE-31-8-2018.

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NPS KARMVHARIO NE NIVRUTI SAMYYE GRADUATY CHUKKVVA BABAT PARIPATRA DATE-31-8-2018.

The Central Government has introduced the Defined Contribution based Pension System known as the National Pension System (NPS) replacing the existing system of Defined Benefit Pension with effect from January 01, 2004 vide its notification Ministry of Finance (Department of Economic Affairs) OM No 5/7/2003 PR Dt 22/12/2003.
National Pension System (NPS) is a contributory pension system whereby contributions from subscribers along with matching contributions from respective governments as an employer, are collected and accumulated in an individual pension account of the employee. NPS is mandatory to all employees joining services of Central Government (except Armed Forces) and Central Autonomous Bodies on or after 1st January 2004.

Pension Fund Regulatory and Development Authority (PFRDA) is the regulator for NPS. PFRDA is an Authority set up by the Government of India through the PFRDA Act, 2013 to promote old age income security by establishing, regulating and developing pension funds to protect the interest of Subscribers to schemes of pension funds and for matters connected therewith or incidental thereto.
Following are the entities involved in NPS:
NPS Trust: The National Pension System Trust (NPS Trust) was established by PFRDA on 27th February, 2008 with the execution of the NPS Trust Deed. The NPS Trust has been set up and constituted for taking care of the assets and funds under the National Pension System (NPS) in the interest of the beneficiaries (Subscribers). Individual NPS Subscribers shall be the beneficiaries of the NPS Trust. The NPS funds are managed by the Board of Trustees to realize and fulfill the objectives of the NPS Trust in the exclusive interest of the Subscribers.

Central Recordkeeping Agency (CRA): Recordkeeping, administration and customer service are the core functions of NSDL e-Governance Infrastructure Limited, which is acting as the Central Record-keeper for the NPS.

NPS KARMVHARIO NE NIVRUTI SAMYYE GRADUATY CHUKKVVA BABAT PARIPATRA DATE-31-8-2018.
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