Tuesday, 16 April 2019
Monday, 8 April 2019
AMENDMENT IN NPS FUND INVESTMENT GUIDELINES PFRDA CIRCULAR
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
B-14/A, Chhatrapati Shivaji Bhawan,
Qutab Institutional Area,
Katwaria Sarai, New Delhi-110016.
Ph: 011-26517501, 26517503, 26133730
Fax: 011-26517507
Website : www.pfrda.org.in
CIRCULAR
PFRDA/2019/8/SUP-PF/2
Date: 25.03.2019
Subject: Amendment to the investment Guidelines (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana)
Reference is invited to the Investment Guidelines for NPS Schemes (Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana) dated 3rd June 2015 issued vide circular no. PERDA/2015/16/PFM/7, the Change in Investment guidelines for NPS schemes W.r.t. Investment in equity Mutual funds vide circular no. PERDA/2018/56/PF/2 dated 20th August 2018 and Revised rating criteria for investments under NPS Schemes vide circular No. PERDA/2018/02/PF/02 dated 08.05.2018. The changes hereunder shall apply only to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana.
2. In order to provide flexibility to the Pension Funds to improve the scheme performance depending upon the market conditions, it has been decided to increase the cap on Government Securities & related investments and Short term debt instruments & related investments by 5% each.
3. The asset class wise revised caps on the various asset classes are as under:
Asset Class
|
Caps on Investments for composite schemes
|
Government Securities & related investments
|
Upto 55%
|
Debt Instruments & related investments
|
Upto 45%
|
Equity ‘& related investments
|
Upto 15%
|
Asset backed, trust structured etc.
|
Upto 5%
|
Short term debt instruments & related investments
|
Upto 10%
|
4.The other terms and conditions as mentioned in the circular PERDA/2015/16/PFM/7 dated 03.06.2015, circular no. PERDA/2018/56/PF/2 dated 20th August 2018 and circular No. PFRDA/2018/02/PF/02 dated 08.05.2018 shall remain the same.
5. This circular is issued in exercise of powers of the Authority under sub-clause (b) of the sub-section (2) of section 14 of Pension Fund Regulatory and Development Authority Act, 2013 read with regulation 14 and 43 of PFRDA (Pension Fund) Regulation, 2015.
6. This would be effective from 01.04.2019.
Venkateswarlu Peri
(Chief General Manager)
Saturday, 6 April 2019
Regarding illegal recovery towards CGHS contribution by divisional heads.
No. MH/RIII/WCAMBERNATH/CGHS
CONTR/46/2018-19 Date: 22/03/2019
To,
The Chief Postmaster General,
Maharashtra
Circle,
Mumbai
400001
Sub: Regarding illegal recovery
towards CGHS contribution by divisional heads.
Respected sir,
This
union has brought to notice regarding unauthorized recovery towards CGHS
contribution in respect of officials residing beyond prescribed area covered by
CGHS i.e. Wellness centre Ambernath.
In
this regard, your honours kind attention is invited GOI MOHFW, Directorate of CGHS
No. C14012/02/2018/CHGS-III/DIR dated 06th April 2018 regarding
clarification regarding demarcation of CGHS covered areas under CGHS Wellness
centre. Vide the clarification under reference it is clarified that “The
coverage of CGHS shall limited to the areas within 5 km (approx.) radius of the
CGHS wellness centre, in all CGHS covered cities, where such demarcation was
not specified.”
The
serving Central government employees residing outside the CGHS area s shall be
covered under CS (MA) Rules. However, in all CGHS covered cities the serving
Central government employees residing within Municipal limits in the city,
shall be given a onetime choice to opt for CGHS (instead of CS(MA) Rules) from
the nearest CGHS wellness Centre. It is brought to notice of your honour that
all divisional heads/DDOs are being compulsorily deducting CGHS contributions
in respect of the officials who residing the beyond the prescribed limit of
CGHS covered area/wellness centre Ambernath where CS(MA) facility available.
It is
therefore requested to please give instructions to all divisional head/DDOs to
stop illegal recovery towards CGHS contributions in respect of officials who
not residing in CGHS area/Wellness centre Ambernath. I shall remain highly
thankful to you for doing the needful.
With
warm regards.
Yours sincerely,
(A B Shivtare)
Circle
Secretary
AI
RMS And MMS Emp. Union Gr C
Maharashtra Circle
Regarding constitution of review DPCs for MACP as per clarification received from directorate for consideration of “Good’’ remark prior 25-07-2016 for MACP promotion.
No. MH/RIII/MACP-BENCHMARK/DPC/52/2018-19 Date: 25/03/2019
To,
Shri H C Agarwal, IPoS,
Chief Postmaster General,
Maharashtra
Circle,
Mumbai
400001
Sub: Regarding constitution of review DPCs
for MACP as per clarification received from directorate for consideration of “Good’’
remark prior 25-07-2016 for MACP promotion.
Ref : Directorate no. 7-8/2016-PCC
(Pt) dated 13-03-2019
Respected sir,
This
is regarding clarification issued by the directorate on applicability of “Very Good”
bench mark for financial up gradation under MACPS and consideration of “Good” benchmark
for previous years before 25.07.2016.
In
this regard, it is brought to notice of your honour that there is several cases
for denial of MACPs for want of “Good” benchmark for previous years before
25.07.2016. In some regions MACPS withdrawn from the officials who are not
secured “Very Good” benchmark prior to 25.07.2016. Now directorate has given
clarification on the subject and clarified that “Good” benchmark for previous
years before 25.07.2016 may be considered for MACPS promotion.
We
urge upon you to kindly look into the matter and direct all concerned to
implement the clarification issued by the directorate in true spirit and
constitute the review DPCs for MACPS immediately and allow MACPS promotions to all
officials who deprived from the promotion for want of “Very GOOD” bench mark
prior to 25.07.2016 and also restore the MACPS in respect of those officials having
whose MACPS promotion was withdrawn for want of “Very Good” benchmark prior to
25.07.2016.
I
shall remain highly thankful to you for doing the needful for grant of MACPS to
deprived officials.
With
warm regards,
Yours
sincerely,
(A B Shivtare)
Circle Secretary
AI RMS And MMS Emp. Union Gr C
Maharashtra Circle
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