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NPS To OPS: AP Govt Issued Orders – Review and Examine Demand For OPS

November 30, 2018 by wpadmin Leave a Comment

NPS To OPS: AP Govt Issued Orders – Review and Examine Demand For OPS

National Pension System To Old Pension Scheme
Govt of AP Issued Orders based on Expert Committee

“In case it is to withdraw the Contributory Pension Scheme and in lieu of it to implement the Statutory Pension Scheme, what will be the legality of such a decision with respect to those who have already retired from service after serving under the Contributory Pension Scheme? or expired while in service?”

GOVERNMENT OF ANDHRA PRADESH
ABSTRACT

Contributory Pension Scheme (CPS/NPS)- An Expert Committee for review of the Contributory Pension Scheme and examining demand for continuing Old Pension Scheme – Constituted – Orders – Issued.

FINANCE (HR.3-PENSION-I) DEPARTMENT

G.O.R .RT.No. 2052

Dated: 28-11-2018

Read the following : –

1. G.O.Ms.No.653 Finance(Pen-1) Department, dated: 22.09.2004.
2. G.O.Ms.No.654 Finance(Pen-1) Department, dated: 22.09.2004.
3. G.O.Ms.No.655 Finance(Pen-1) Department, dated: 22.09.2004.
4. Representations from various Service Associations, public representatives for restoration of Old Pension Scheme.

ORDER :

In G.O. 1st to 3rd read above, Government of Andhra Pradesh adopted the Government of India’s New Pension Scheme based on Defined Contributions for the employees of the State, who are newly recruited on or after 01.09.2004.

2. Several representations and requests have been received from various service associations and people representatives for de-adoption of Contributory Pension Scheme and restoration of Old Pension Scheme for the State Government employees.

3. Keeping in view of the representations from the service associations and people representatives, the Government hereby constitute an Expert committee with the following composition.

Sri. S.P.Tucker, IAS (Retd),
Former Chief Secretary to Government
: Chairperson
Sri. Peeyush Kumar, IAS ,
Secretary to Govt (FP), Finance Department
: Member Secretary
Sri. D.Venkata Ramana,
Secretary to Government, Law Department
: Member
Prof. K. Muniratnam Naidu
(Retd),
Professor in Economics, S.P.Mahila University, Tirupathi
: Member
Prof Galab
Professor in Economics,
Director, CESS, Hyderabad
: Member

4. Terms of reference for the committee:

i. To submit a detailed report analysing the repercussions, both legal and financial of reviewing the Contributory Pension Scheme now in force.

ii. To submit a detailed report analysing the impact of Contributory Pension Scheme on the State Finances.

iii. To suggest propositions regarding the liabilities and risks that may arise out of the agreements entered into with NPS trust and NSDL.

iv. In case it is to withdraw the Contributory Pension Scheme and in lieu of it to implement the Statutory Pension Scheme, suggest propositions for refund of the contributions made by the employees & employer so far?

v. In case it is to withdraw the Contributory Pension Scheme and in lieu of it to implement the Statutory Pension Scheme, what will be the legality of such a decision with respect to those who have already retired from service after serving under the Contributory Pension Scheme? or expired while in service?.

vi. To analyse the status of the scheme in detail and the experiences and current scenarios of other states that have implemented the Contributory Pension Scheme.

vii. In case if the scheme is continued, what are the various steps that can be taken to make it more attractive/beneficial?

viii. To make suggestions in other matters that the committee finds relevant with regard to the review of the Contributory Pension Scheme.

5. The term of the committee shall be 3 months from the date of issue of orders.

(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)

ANIL CHANDRA PUNETHA
CHIEF SECRETARY TO GOVERNMENT

Source: Confederation

Click to View the Notification

Related posts:

  1. NPS to OPS: Old Pension Scheme will be restored by AAP Govt. in National Capital
  2. An Overview of New Contributory Pension System (NPS) – Confederation
  3. FAQ for Family Pension – Central Civil Services
  4. Retirement Benefits for Govt Staff
  5. Tamil Nadu – PENSION – Dearness Allowance to the Ex-gratia beneficiaries – Sanction – Revised rate admissible from 1st January 2018 – Orders Issued on 18-06-2018
  6. Guidelines for settlement of Medical claims of pensioners and others
  7. Strike Declaration National Convention of CG Employees – Confederation
  8. Govt Staff Recruitment Rules FAQs-DoPT
  9. Brief Summary of Proceedings on Abolish NPS by Delhi Assembly
  10. NPS to OPS: Resolution on Abolishing NPS by Delhi Assembly

Filed Under: NPS, OPS Tagged With: National Pension System, New Pension System, NPS to OPS, Old Pension System, Pensioners Issues

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