Contribution of Government for the NPS Account of Central Govemment Employees from 10% to 14% of Basic Pay

Subject: Contribution of Government for the NPS Account of Central Govemment Employees from 10% to 14% of Basic Pay and Allowance

The undersigned is directed to forward the D.O. tetter No.F.1(3VEV/2020 dated 21st

April, 2020 issued by Department of Expenditure addressed to As&FA, DOC on the subject

cited above and to say that the Depurtment of Financial Service (DFS's) Notification dated

31.1.2019 is specifically

applicable to the Central Govermment employees. It is not directly

applicable to the employees of Autonomous Bodies (ABs).Therefore, adoption of the

notification dated 31.L.2019 in case of Autonomous Bodies (ABs) requires approval of

Ministry of Finance as the decision has budgetary implications

It has been further directed by Ministry of Finance to consider rolling back of higherbinance

rate of 14% or putting it on hold until a decision is taken by Ministry o

of MoF as per para 2 above. Those ABs who had started making contribution at the higher

rate of 14% umder NPS in terms of DFS's notification dated 31.01.2019 should immediately

roll back the contribution to 10%. They should also furnisth a factual information regarding

the amount of higher contribution made till date, the date from which such contribution at

the higher rate was commenced, and the authority with whose concurrence the contribution

at the higher rate was implemented.

In this context, it is to mention that all ABs are directed to strictly enforce the decision