NPS Accumulation on Mobility of Person amongst Central/State and Autonomous Bodies while working under Pensionable Establishment: Railway Board ACS No. 150
GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
RBA No. 76/2020
No. 2020/AC-I I/21/7
New Delhi, dated 18.09.202
All Indian Railways & PUs etc.
Sub: ACS No. 150- Introduction of new detailed head in India n Railway Finance Code Vol. II for Accountal of NPS Accumulation on Mobility of personnel amongst Central/State and Autonomous Bodies while working under Pensionable establishment.
Please connect Board’s letter No. F(E)III/2 005/PN l/35 dated 19.08.2020 circulating Department of Pension and Pensioners’ Welfare(DOP&PW)’s O.M. No. 28/30/2004-P&PW (B) dated 11.06.2020. As regards instructions with respect to para 9 of DOP&PW’s letter ibid, the accountal of corpus of N PS account of Railway employees will be as follows:
|1.||Adjustment of Employees contribution in Accounts||Account may be credited to individual SRPF Account and the account may be re-casted permitting up-to-date interest|
|2||Adjustment of Government contribution under NPS in Accounts||Amou nt may be credited to SMH 11-940 Credits under N PS -941 – Adjustment of Government Contribution to N PS (New detailed head introduced vide ACS No. 150 to F-11 enclosed herewith)|
|Adjustment of increased value of subscription on account of appreciation of investment||May be crediting to SMH 11 -940 Credits under NPS – 942 – Adjustment of increased value of subscription in NPS on account of appreciation of investment (New detailed head introduced vide ACS No. 150 to F-11 enclosed herewith)|
Contents of the correction slip may please be circulated suitably. Kindly acknowledge recept
DA: As above.
Director Finance/ Accounts
- C&AG (Railways) Room No. 224, Rail Bhawa n, New Delhi.
- DG/HR, AM(Revenue), EDFE
- AC-I (Comp), AC-III (6 copies), AC-IV, Code Revision, Accounts Inspection, Accounts Appropriation, Finance (Budget), Pay & Accounts/Rly
Advance Correction Slip No. 150
INDIAN RAILWAY FINANCE CODE – VOLUME – II
(Second Reprint Edition 2008).
Please introduce the following Detailed Head under Sub Major Head 11 (Erstwhile Demand No. 13) – Abstract ‘L’ Provident Fund, Pension and Other- Retirement Benefits – Minor Head – 900 Credits or recoveries – under Sub Head – 940 Credits under NPS for ‘Adjustment of Government contribution under NPS’ and ‘Adjustment of increased value of subscription on account of appreciation of investment’:
|900 Credits or recoveries||940 Credits under NPS||941 – Adjustment of Government Contribution to N PS
942 – Adjustment of increased value of subscription in N PS on account of appreciation of investment
(Authority: Board’s Letter No. 2020/AC-11/21/7 dated 18.09.2020 – RBA No. 76/2020)