Go Back   2020 2021 EduVark > Education Discussion > General Discussion





  #1  
Old April 21st, 2015, 09:55 AM
Super Moderator
 
Join Date: Mar 2012
Default DCPS Pension Scheme

Please provide me the new Pension Scheme of Defined Contribution Pension Scheme (DCPS) and also provide me the importance and the Salient Features of new Pension Scheme of Defined Contribution Pension Scheme (DCPS)

The salient features of the New DCPS (Defined Contribution Pension Scheme) as mentioned by Government of India are as follows:

• The New Pension Scheme works on defined contribution basis and has 2 tiers Tier-I and II. Contribution to Tier-I is mandatory for all Government servants joining Government service on or after 1-1-2004 (except the armed forces in the first stage), whereas Tier-II is optional and at the discretion of Government servants.
• In Tier-I, a Government servant have to make a contribution of 10% of basic pay plus DA, which deducted from salary bill every month by the PAO concerned. The Government make an equal matching contribution. However, there is no contribution from the Government in respect of individuals who are not Government employees.
• Tier-I contributions (and the investment returns) are kept in a non-with -drawable Pension Tier-I Account. Tier-II contributions are kept in a separate account that is with - drawable at the option of the Government servant. Government does not make any contribution to Tier-II account.
• The existing provisions of Defined Benefit Pension and GPF are not available to the new recruits in the central Government service, i.e. to the Government servants joining Government service on or after 1-1-2004.

DCPS New Pension Scheme


Last edited by Neelurk; March 3rd, 2020 at 12:05 PM.
Reply With Quote Quick reply to this message
Similar Threads
Thread Thread Starter Forum Replies Last Post
ONGC Pension Scheme Harsh Pandit General Discussion 4 January 2nd, 2018 10:52 AM
New Pension Scheme Kotak Mahindra Bank Unregistered Banks Related 1 October 30th, 2017 11:13 AM
SBI Pension Unregistered General Discussion 1 October 5th, 2017 03:41 PM
Coal India Limited New Pension Scheme Unregistered General Discussion 1 March 31st, 2017 10:41 AM
Dcps crpf Nitin Sharma General Discussion 1 February 11th, 2017 06:43 PM
IAF JWO Pension Rohit Barla General Discussion 1 February 10th, 2017 04:51 PM
Pension Scheme in IOCL Harsh Pandit General Discussion 0 September 22nd, 2016 04:17 PM
Bank Of India DCPS Harsh Pandit General Discussion 0 September 16th, 2016 12:57 PM
Oriental Bank Of Commerce Pension Scheme Priyanka Goyal General Discussion 0 June 14th, 2016 02:30 PM
National Pension Scheme State Bank Of Hyderabad Harsh Pandit General Discussion 0 June 7th, 2016 05:47 PM
Pension scheme in union bank of India Priyanka Goyal General Discussion 0 May 12th, 2016 11:36 AM
National Pension Scheme State Bank of Hyderabad Unregistered General Discussion 0 August 26th, 2015 11:02 AM
Pension Scheme of Coal India Limited Unregistered General Discussion 0 August 24th, 2015 04:35 PM
NTPC Pension Scheme Unregistered General Discussion 0 August 14th, 2015 09:33 AM
DCPS High Schools List Rohit Barla General Discussion 0 July 18th, 2014 01:42 PM

  #2  
Old February 14th, 2017, 05:21 PM
Unregistered
Guest User
 
Default Re: DCPS Pension Scheme

Can you provide me the salient features of the New DCPS (Defined Contribution Pension Scheme) as mentioned by Government of India?
Reply With Quote Quick reply to this message
Reply


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5.5. The time now is 07:50 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8