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Recovery of NPS subscription fee/charge: NC, Staff Side JCM writes to DoPT

Recovery of NPS subscription fee/charge: NC, Staff Side JCM writes to DoPT

Shiva Gopal Mishra
Secretary

National Council(Staff Side)
Joint Consultative Machinery
for Central Government Employees
13-C, Ferozshah Road, New Delhi – 110001

No.NC/JCM/2015

Dated: October 31, 2015

Shri Sanjay Kothari,
Secretary,
Ministry of Personnel, Public Grievances & Pensions,
Department of Pension & Pensioners’ Welfare
(Government of India),
North Block,
New Delhi-110001

Dear Sir,

Sub: Recovery of NPS subscription fee/charge

Ref.: Dy. General Manager, NPS Trust, New Delhi’s notice dated 19.10.2015

It has come to our notice that, @ 0.01% of the AUM on daily accrual basis is proposed to be imposed on the NPS Subscribers. 

In this connection, it is worth-mentioning that, in the past, it was assured to the Central Government Employees that, no Administrative Charge/Fee would be imposed on any of the Government employees. 

Orders to this effect, if so issued, should immediately be withdrawn.

Comradely yours,
sd/-

(Shiva Gopal Mishra)
Secretary(Staff Side)
NC/JCM
&
Convener

Ms. Archana Varma, Jt. Secretary(AT&A), Department of Personnel & Training, Room No. 279-A, North Block, New Delhi-110001 – for necessary action please.
Smt. Annie G. Mathew, Jt. Secretary(Pers.), Deptt. of Exp.(Ministry of Finance), Room No.279-A, North Block, New Delhi-110001 – for necessary action please.
Shri G. Srinivasan, Director(JCA), Department of Personnel & Training, Ministry of Personnel, Public Grievances & Pensions(Government of India), North Block, New Delhi-110001 – for necessary action please.

Copy to: All Constituents of NC/JCM(Staff Side) – for information.

jcm-letter-on-nps-subscription-charge

Source: NC JCM

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COMMENTS

WORDPRESS: 1
  • Anonymous 7 years ago

    First you impose this NPS mandatorily on all the new employees and now this. How low will the government stoop to?