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Frequently Asked Questions (New Pension Scheme)
Question: When the NPS (New Pension Scheme) implemented ?
Answer: The New Pension Scheme has been introduced w.e.f. 1/1/2004 and it is applicable to all new entrants joining Govt. Service w.e.f. 1/1/2004.
Question: Is NPS (New Pension Scheme) compulsory for CABs ?
Answer: With reference to letter No. 1(13)/EV/2008 dated 28th November, 2008, The NPS architecture comprising the NPS Trust, the trustee bank, the Pension Fund Managers (PFMs) and the Central Record Keeping Agency (CRA) has since been operationalised. It is also mentioned in the OM that in order to ensure that employees in the autonomous bodies under the administrative control of Ministries/Departments recruited on or after 1/1/2004, are similarly brought over to the NPS architecture, the autonomous bodies may be advised to contact PFRDA for shifting to the NPS architecture operationalized by PFRDA/NSDL.
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