Changes in NPS rules for government employees, new guidelines issued

NPS Rule Change: There is big news for central employees. Before the increase in dearness allowance, the Modi government at the Center has issued a new guideline making changes in some rules related to contribution in the National Pension System (NPS). There is also mention of 10 percent contribution from monthly salary to NPS.

According to media reports, the Department of Pension and Pensioners' Welfare under the Ministry of Personnel, Public Grievances and Pensions has issued a memorandum on October 7, 2024, saying that the NPS amount will be rounded off to the nearest whole rupee, while the contribution will be reviewed from time to time. Will be done.

New guidelines of NPS

If an employee is suspended, he will have the option to continue NPS contribution, whereas if he rejoins service after the suspension ends, the contribution will be calculated again on the basis of the salary at that time .

If there is any mistake in the contribution, it will be deposited in the pension account of the beneficiary along with interest.

If an employee is absent or on leave without pay, he will not be required to make NPS contributions.

Only if the employee goes to any other department or any other institution, he will have to make this type of contribution.

It is also mandatory for employees to make NPS contribution during the probation period. If contributions are delayed, affected employees will receive interest along with their contributions.

Know what is NPS

NPS is a kind of savings scheme. In this, the investor gets the benefit of pension after the investment amount matures. In this, after the age of 60 years, the investor gets a part of the invested amount and the other part as pension. Under NPS, a government employee has to pay 10% of his basic salary as pension and the state government contributes only 14%.