Monday, 22 August 2016

Exemption of Railways from National Pension System (NPS) as recommended by the Hon'ble Railway Ministers- NFIR Representation- Finance Ministry Reply

Exemption of Railways from National Pension System (NPS) as recommended by the Hon’ble Railway Ministers- NFIR Representation- Finance Ministry Reply

F. No. 11/5/2016- PR
Ministry of Finance 
Department of Financial Services 

2nd Floor, Jeevan Deep Building,
Parliament Street, New Delhi,
Dated the 5th August, 2016 
OFFICE MEMORANDUM 

Subject: Exemption of Railways from National Pension System (NPS) as recommended by the Hon'ble Railway Ministers— representation from National Federation of Indian Railwaymen (NFIR) 

The undersigned is directed to enclose herewith a representation (in original) dated 26.06.2016 received from NFIR regarding the subject cited above. 

2. In this regard, it may be stated that exemption of Railways from NPS employees will have a bearing on the exchequer; Department of Expenditure (DoE) may take an appropriate action in this regard. 

3. So far as the proposal of Hon’ble Railway Minister in the matter is concerned, the replies to issues relevant to this Department were sent to DoE vide this Department’s OM dated 26.02.2016. (Copy enclosed)
Sd/-
(Prabhu Dayal)
Under Secretary to the Government of India
011-23748760 
Shri Vivek Ashish, Under Secretary
Department of Expenditure
Ministry of Finance
New Delhi
Copy to: Dr. Raghvaiah, General Secretary, National Federation of Indian Railwaymen, 3, Chelmsford Road, New Delhi 110055 w.r.t. your letter no. IV/NPS/PFRDA Bill/Part 1 dated 26.06.2016

Source:- NFIR
[https://drive.google.com/file/d/0B40Q65NF2_7UcXcwVFZCQkFMWTQ3ZFV2eGRuYTM4ZE5nSnBN/view]

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