Press Information Bureau
Government of India Ministry of Finance
23-November-2012 16:57 IST
Implementation
of NPS
The New Pension System (NPS) has been
implemented for various sectors like Central Government, State Government,
Private Sector and NPS-Life. The status of NPS in these sectors as on 10th
November, 2012 is as under:-
The number of subscribers is increasing
every year in all the sectors.
There is no proposal to increase the
monthly contribution of subscribers by the Government. The Government provides
matching contribution for the Central Government employees who are covered
under the NPS scheme. In case of NPS Swavalamban accounts, Rs. 1000/- per annum
is being contributed by the Government.
NPS Trust consisting of professionals with
expertise in the field of Investment and Asset Management has been constituted.
The NPS Trust regularly monitors the performance of the Pension Funder Managers
(PFMs) appointed by Pension Fund Regulatory & Development Authority
(PFRDA). PFMs manage the investments of subscribers of NPS in conformity with
the Investment Management guidelines prescribed by the NPS Trust.
This information was given by the Minister of State
for Finance, Shri Namo Narain Meenain
written reply to a question in Lok Sabha today.
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