Recovery of NPS subscription fee/charge: NC, Staff Side JCM writes to DoPT

Shiva Gopal Mishra
Secretary

National Council(Staff Side)

Joint Consultative Machinery

for Central Government Employees

13-C, Ferozshah Road, New Delhi - 110001

E Mail : nc.jcm.np@gmail.com

No.NC/JCM/2015

Dated: October 31, 2015

Shri Sanjay Kothari,
Secretary,
Ministry of Personnel, Public Grievances & Pensions,
Department of Pension & Pensioners' Welfare
(Government of India),
North Block,
New Delhi-110001

Dear Sir,

Sub: Recovery of NPS subscription fee/charge

Ref.: Dy. General Manager, NPS Trust, New Delhi’s notice dated 19.10.2015

It has come to our notice that, @ 0.01% of the AUM on daily accrual basis is proposed to be imposed on the NPS Subscribers. 

In this connection, it is worth-mentioning that, in the past, it was assured to the Central Government Employees that, no Administrative Charge/Fee would be imposed on any of the Government employees. 

Orders to this effect, if so issued, should immediately be withdrawn.

Comradely yours,

sd/-

(Shiva Gopal Mishra)
Secretary(Staff Side)
NC/JCM
&
Convener

Ms. Archana Varma, Jt. Secretary(AT&A), Department of Personnel & Training, Room No. 279-A, North Block, New Delhi-110001 - for necessary action please.

Smt. Annie G. Mathew, Jt. Secretary(Pers.), Deptt. of Exp.(Ministry of Finance), Room No.279-A, North Block, New Delhi-110001 - for necessary action please.

Shri G. Srinivasan, Director(JCA), Department of Personnel & Training, Ministry of Personnel, Public Grievances & Pensions(Government of India), North Block, New Delhi-110001 - for necessary action please.

Copy to: All Constituents of NC/JCM(Staff Side) - for information.

Source: NC JCM