Issues related to New Pension Scheme (NPS)

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)

NO.2019/E(G)/PN1/34

News Delhi, dated 11.09.2019

The PCPOs
All Zonal Railways and
PUs.

Sub: Issues related to New Pension Scheme (NPS)

A meeting of Dy.CPO’s and Dy.FA&CAO’s was held in Railway Board on 04.09.2019 and 05.09.2019. Board MS and FC had also addressed the officers. During the course of meeting various issues and performance parameters related to NPS were discussed. The problem areas included delay in registration of new entrants to the system; non initiation of subscription; delay in transfer of subscription; incomplete data capture leading to rejection of PRAN applications; transfer of PRAN; pending withdrawal requests etc. It also came to light that various login IDs created for the use of DDOs have not yet been activated. One of the problems highlighted by a Deputy CPO was non sharing of Information from Accounts.

As deficiencies In NPS may lead to imposition of penal interest, a stricter monitoring regime has to be in place, It is requested that a detailed report on the present status of functioning of NPS including problem areas where any intervention from Board’s side is expected, be submitted by 20th September to this office.

In a separate communication, Accounts directorate has advised that the pension bills of eligible NPS Subscribers are drawn and disbursed by Accounts department only. It has further advised to issue necessary instructions to the Personnel Department in Railways to streamline the procedure so that the pension bills are prepared by the respective Personnel Department in IPAS and forward to the Associate Accounts for passing and further payment. If is requested that the existing practice in this regard on the Railway and comments on the advice of the Accounts Directorate as above may also be furnished by 20th September.

(Chetan Prakash Jain)
Executive Director Estt(G)
Railway Board

Source : Confederation

NPS

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