Govt to relax norms for PSU employees to join NPS: The Hindu
The government is considering relaxing norms to enable PSU employees to join the National Pension Scheme and a Cabinet note in this regard is likely to be moved soon, interim pension regulator PFRDA said on Wednesday.
“We have taken up this matter with the Department of Public Enterprises (DPE) Secretary and he has prepared a note which he would be soon taking to the cabinet,” Pension Fund and Regulatory Development Authority (PFRDA) Chairman Yogesh Agarwal said in New Delhi.
Under the existing guidelines, if an employee of central public sector undertakings (CPSUs) does not have a minimum 15 years of services, he or she cannot join National Pension Scheme (NPS), Mr. Agarwal said on the sidelines of a seminar titled “Financial Consumer Protection” here.
“Even with the government employees earlier, the instruction was if you do not have 20 years of services, you can’t have pension. When the govt notified the guidelines for NPS they did away with the criteria,” he said.
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