Tuesday, 11 December 2018

Streamlining of National Pension System (NPS)

Ministry of Finance

Streamlining of National Pension System (NPS)

Posted On: 10 DEC 2018 3:01PM by PIB Delhi
 Decision

The Union Cabinet in its Meeting on 6th December, 2018 has approved the following proposal for streamlining the National Pension System (NPS).

·         Enhancement of the mandatory contribution by the Central Government for its employees covered under NPS Tier-I from the existing 10% to 14%.
·         Providing freedom of choice for selection of Pension Funds and pattern of investment to central government employees.
·         Payment of compensation for non-deposit or delayed deposit of NPS contributions during 2004-2012.
·         Tax exemption limit for lump sum withdrawal on exit has been enhanced to 60%. With this, the entire withdrawal will now be exempt from income tax. (At present, 40% of the total accumulated corpus utilized for purchase of annuity is already tax exempted. Out of 60% of the accumulated corpus withdrawn by the NPS subscriber at the time of retirement, 40% is tax exempt and balance 20% is taxable.)
·         Contribution by the Government employees under Tier-II of NPS will now be covered under Section 80 C for deduction up to Rs. 1.50 lakh for the purpose of income tax at par with the other schemes such as General Provident Fund, Contributory Provident Fund, Employees Provident Fund and Public Provident Fund provided that there is a lock-in period of 3 years.

Background

The new entrants to the central government service on or after 01.01.2004 are covered under the National Pension System (NPS). The Seventh Pay Commission (7th CPC), during its deliberations, examined certain concerns regarding NPS and made recommendations in the year 2015. The 7th CPC recommended for setting up of a Committee of Secretaries in this regard. Accordingly, a Committee of Secretaries was constituted by the Government to suggest measures for streamlining the implementation of NPS in the year 2016. The Committee submitted its report in the year 2018. Accordingly, based on the recommendations of the Committee, draft Cabinet Note was placed before the Cabinet for its approval.

Implementation strategy and targets

The proposed changes to NPS would be made applicable immediately once time critical decisions are taken in consultation with the other concerned Ministries / Departments.

Major impact

·         Increase in the eventual accumulated corpus of all central government employees covered under NPS.
·         Greater pension payouts after retirement without any additional burden on the employee.
·         Freedom of choice for selection of Pension Funds and investment pattern to central government employees.
·         Benefit to approximately 18 lakh central government employees covered under NPS.
·         Augmenting old-age security in a time of rising life expectancy.
·         By making NPS more attractive, government will be facilitated in attracting and retaining the best talent.

Expenditure involved

The impact on the exchequer on this account is estimated to be to the tune of around Rs. 2840 crores for the financial year 2019-20, and will be in the nature of a recurring expenditure. The financial implications on account of provisions regarding payment of compensation for non-deposit or delayed deposit of NPS contributions during 2004-2012, would be in addition to the amount indicated above.

No. of beneficiaries

Approximately 18 lakh central government employees covered under NPS would be benefitted from the streamlining of the National Pension System.

States/districts covered

Pan India.

Details and progress of scheme if already running

Presently, the new entrants to the central government service on or after 01.01.2004 are covered under the NPS. NPS is being implemented and regulated by Pension Fund Regulatory and Development Authority in the country. 

DRAFT STRIKE NOTICE

TO BE SERVED TO
THE SECRETARY DEPARTMENT OF POSTS
ON 12th DECEMBER 2018
FOR 2 DAYS STRIKE ON 8th & 9th JANUARY-2019

 PART-A
CHARTER OF DEMANDS

1.    Implement all positive recommendations of Sri Kamlesh Chandra Committee report and grant Civil servant Status to GDS.
2.    Fill up all Vacant Posts in all cadres of Deptt of Post i.e P.A/S.A, Postmen, Mail Guard ,  Mailmen, MMS, MTS, GDS, Postal Acctts, P.A  Admn Offices, P.A SBCO & Civil Wing etc  within a time frame  and separate identity of all cadres.
3.    Settle all the problems arisen out of implementation of C.S.I & R.I.C.T.
4.    Withdraw NPS and Guarantee minimum pension 50% of last pay drawn.
5.    Membership verification of G.D.S and declaration of result of regular employees membership verification conducted in 2015.
6.    Implementation of orders of   payment of  revised wages and arrears to the casual , Part time, Contingent employees & daily rated mazdoors as per 6th and   7th CPC and Regularize Services of  casual Labourers.
7.    Implement Cadre Restructuring for left out categories i.e RMS, MMS, Postman/MTS, PACO, PASBCO, Postal Acctts, Postmaster Cadre and Civil Wing etc.
8.    Stop Privatization, Corporatization and out sourcing in Postal Services.
9.    Scrap Bench Mark in MACP .
10. Implement 5 days week in Postal and RMS
11. Enhancement of higher pay scales to those categories whose minimum qualification has been enhanced e.g Postmen, Mail guard.
12. Grant of pension to the promoted GDS based on Supreme Court Judgement in SLP No (C) 13042/2014
13. Withdraw orders of enhancement of cash conyance limit without security.
14.  Implement all High Court and Supreme Court decisions in C/W MACP, RTP and others.
15. Cash less treatment under CGHS  and allotment of adequate fund under head MR & T.A
16. Retention of Civil wing in the Deptt of Post.
17. Holding of Deptt Council Meetings and periodical meetings at all levesl.
18. Stop Trade Union victimization and in the name of unscientific targets.
19. Provide 40 percent SCF quota promotion in AAO cadre and amend RR incorporating the modifications demanded by AIPAEA.
20. Status of audit to SBCO.
21. Restore Special Allowance to PO & RMS Accountants and OSA to RMS/MMS Staff.
22. All NSH and I.C. Speed Post Hubs should be under the administrative control of RMS and All L-2 Mail Offices should be identified as I.C. Speed Post Hubs and as Parcel Hubs.
23. Permission to all Staff of Circle Office, Postmaster Cadre, SBCO, Postal Accounts and RMS/MMS Staff to appear in Departmental Examination for promotion to PSS Group-B.
PART-B

      1.  Urgent measures for containing price rise through universalization of 
        public distribution system and banning speculative trade in commodity  
        market.

      2. Containing unemployment through concrete measures for employment
       generation.

3.    Strict enforcement of all basic labour laws without any exception or exemption and stringent punitive measures for violation of labour laws.

4.    Universal social security cover for all workers.

5.    Minimum wage of not less than 18000/- per month with provisions of indexation (for unskilled worker).

6.    Assured enhanced pension not less than 3000 P.M.  for the entire working population (including unorganized sector workers).

7.    Stoppage of disinvestment in Central/State public sector undertakings

8.    Stoppage of Contractorisation in permanent /perennial work and payment of same wage and benefits for contract workers as that of regular workers for the same and similar work.
                                    
9.    Removal of all ceiling on payment and eligibility of bonus , provident fund and increase in quantum of gratuity

10. Compulsory registration of trade unions within a period of 45 days from the date of submission application and immediate ratification of ILO conventions C-87 & C-98.

11. No FDI in Railways, Defense and other  strategic sectors.


      12.No unilateral amendment to labour laws.

CADRE RESTRUCTURING OF GROUP 'C' EMPLOYEES IN DEPARTMENT OF POSTS CLARIFICATION



Sunday, 9 December 2018

Grand General Body Meeting in the campus of Circle Office, Bhubaneswar on 09.12.2018 for successful conductance of the forthcoming 2 days nationwide strike on 8th & 9th January, 2018.





Circular of Postal Joint Council of Action (NFPE & FNPO), Odisha


Postal Joint Council of Action
National Federation of Postal Employees
Federation of National Postal Organizations
All India Postal Employees Union, GDS
National Union, GDS

No. PJCA/Odisha/2018,                  
Dated at Bhubaneswar the 9th December, 2018

Circular

Dear Comrades,
     A meeting of all the affiliates of NFPE and FNPO, Odisha Circle along with the AIPEU GDS and NUGDS was held in the campus of Bhubaneswar GPO on 09.12.2018 under the chairmanship of  Com. B Samal, Chairman, NFPE, Odisha State CoC and Circle Secretary, P-III, Odisha.

       A threadbare discussion in the light of Postal JCA Circular dated 16.11.2018 (Copy enclosed for ready reference) took place on the forthcoming agitational programmes culminating with 2 days nationwide strike on 8th and 9th January, 2019 with 21 point charter of demands of Postal JCA and 12 point common charter of demand (Copy enclosed) and it was unanimously decided to undertake serious campaign programmes as detailed below to make the above strike a successful one.

Sl.
Date &
Time of Meeting
Place
Leaders / Divisions to attend
1
16.12.2018 (Sunday)
10 AM to 2 PM
Berhampur

All Circle Secretaries of Postal JCA  and all Postal & RMS Divisions  under Berhampur Region
2
28.12.2018
(Friday)
05.30 PM
to
8.30 PM
Bhubaneswar
From NFPE
Com. Subhash Chakraborty AGS P-IV  & Com. N.S. Chakraborty AGS - R-III
Com. D K Sethi, CS, R-III, Odisha
Com. S K. Swain, Circle Secy, P-IV, Odisha 
And From FNPO
Shri Johnson D Avokkaran, ASG, NAPE P.III, Shri Rabindra Pattnayak, D.G.S NUR-C,
Shri Lambodar Rout ,CS NUPE P4,
Shri Manoranjan Sarangi, CS, NAPE P.III, Shri Gautam Das, CS, NUGDS
3
30.12.2018 (Sunday)
10 AM to 2 PM
Sambalpur

All Circle Secretaries of Postal JCA and all Postal & RMS Divisions  under Sambalpur Region

As such, all the Divisional Secretaries are requested to form JCA immediately and start campaign programmes rigorously to make the forthcoming 2 days nationwide strike a grand success.

The Convener, Postal JCA, Berhampur, Bhubaneswar and Sambalpur are requested to finalize the venue and take all initiatives for smooth conductance of the campaign programmes. 

They are requested to call combined General Body Meetings (P-III, P-IV, R-III, R-IV and GDS) as per the place, date and time mentioned above.

All the Circle Secretaries are requested to ask their local Circle / Division / Branch Union office bearers to remain present in the venue in time as per the programme

Expecting cooperation from all of you.

With struggle greetings.

Encls.- PJCA Circular & Charter of Demands
Comradely yours,



(Manoranjan Sarangi)
Circle Secy, P-III, FNPO, Odisha 


(Bruhaspati Samal)
Circle Secy, P-III, NFPE, Odisha  


(Lambodar Raut)
Circle Secy, P-IV, FNPO, Odisha 


(Sudhir Kumar Swain)
Circle Secy, P-IV, NFPE, Odisha 


(R N Pattnaik)
Circle Secy, R-III, FNPO, Odisha


(Dusmanta Kumar Sethi)
Circle Secy, R-III, NFPE, Odisha


(Syed Basa)
Circle Secy, R-IV, FNPO, Odisha


(Ashok Kumar  Mohanty)
Circle Secy, R-IV, NFPE, Odisha


(Goutam Das)
Circle Secy, NUGDS, Odisha


(Kalinga Kumar Panda)
Circle Secy,  AIPAEA, Odisha



(Srikanta Mallick)
Circle Secy,  AIPEBCOEA, Odisha



(Kishore Biswal)
Circle Secy, AIPAOEU, PPP Branch, Odisha



(Nirmal Chandra Singh)
Circle Secy, AIPEU GDS, Odisha Circle


POSTAL JOINT COUNCIL OF ACTION
NATIONAL FEDERATION OF POSTAL EMPLOYEES
FEDERATION OF NATIONAL POSTAL ORGANIZATIONS
ALL INDIA POSTAL EMPLOYEES UNION – GDS
NATIONAL UNION – GDS

Circular No. PJCA/2/2018                                      Dated - 16.11.2018

Circular
Comrades,
     A meeting of Postal J.C.A consisting of NFPE, FNPO, AIPEU GDS and NUGDS was held at NFPE office, North Avenue, New Delhi on 15-11-2018. All General Secretaries of NFPE, FNPO and GDS Unions participated in the meetings.

       The meeting was presided over by Com. T.N Rahate, Secretary General FNPO.

       A threadbare discussion took place on the prevalent situation in Deptt of Post. Deptt is moving ahead on the path of corporatization which will lead to privatization of services in future . IPPB is the burning example of this. After MNOP, PNOP has been brought and separate Parcel Directorate has been  Setup . The Minister communication is announcing to setup a separate company for PLI & RPLI.

       There is acute shortage of staff in each cadre . Cadre Restructuring for left out categories is not being finalized. The result of regular membership verification conducted in 2015 has not been declared yet. The entire process of GDS membership verification was cancelled arbitrarily.

       High Court & Supreme Court decisions in respect of MACP, RTP and others matters are not being implemented.

       Positive recommendations of Sri Kamlesh Chandra Committee are not being implemented.

       Every day new services are being introduced without developing proper infrastructure and without providing adequate manpower and training to the staff. Deptl Council meetings and periodical meetings are also not being held since long. More and more victimization of trade union leaders has become the order of the day.

       So therefore taking a serious note of all the above mentioned facts, PJCA has decided unanimously to conduct 2 days strike on 8 & 9 January – 2019 for which vigorous campaign will be launched . All leaders of NFPE & FNPO will carry on the campaign programme which will be declared shortly.
           
            T.N Rahate                                                                           R.N Parashar
          S/G – FNPO                                                                           S/G - NFPE

CHARTER OF DEMANDS
1.    Implement all positive recommendation of Sri  Kamlesh Chandra Committee report and grant Civil servant Status to GDS.

2.    Fill up all Vacant Posts is all cadres of Deptt of Post i.e P.A/S.A, Postmen, Mail Guard, MTS, GDS, Postal Acctts, P.A  Admn Offices, P.A SBCO & Civil Wing etc and separate identity of all cadres within a time frame.

3.    Settle all the problems arisen out of implementation of C.S.I & R.I.C.T.

4.    Withdraw NPS and Guarantee minimum pension 50% of last pay drawn.

5.    Membership verification of G.D.S and declaration of result of regular employees membership verification conducted in 2015.

6.    Implementation of orders of   payment of  revised wages and arrears to the casual , Part time, Contingent employees & daily rated mazdoors as per 6th  7th CPC and Regularize Services of  casual Labourers.

7.    Implement Cadre Restructuring for left out categories i.e RMS, MMS, Postman/MTS, PACO,  PASBCO, Postal Acctts, Postmaster Cadre and Civil Wing etc.

8.    Stop Privatization,  Corporatization and out sourcing in Postal Services.

9.    Very Good Bench Mark should be implemented after issue of orders i.e from 25.7.2016.

10. Implement 5 days week in Postal and RMS.

11. Consider the suggestions by RMS JCA regarding PNOP & CSI.

12. Enhancement of higher payscales to those categories whose minimum qualification has been enhanced e.g Postmen, Mail guard.

13. Grant of pension to the promoted GDS based on Supreme Court Judgement in SLP No (C) 13042/2014.

14. Withdraw orders of enhancement of cash conveyance limit without security.

15. Implement all High Court and Supreme Court decision in C/W MACP, RTP and others.

16. Cash less facility treatment under CGHS  and allotment of adequate fund under head MR & T. A.

17. Retention of Civil wing is the Deptt of Post.

18. Holding of Deptt Council Meetings and periodical meetings at all level.

19. Stop Trade Union victimization and in the name of unscientific targets.

20. Provide 40%SCF Quota promotion in AAO Cadre and amend RR incorporating the modification demanded by AIPAEA.

21. Status of audit to SBCO