GOVERNMENT
OF ANDHRA PRADESH
ABSTRACT
PUBLIC
SERVICES – New Pension System – Exit Policy – Withdrawal procedures for
Subscribers from New Pension System –Orders – Issued.
FINANCE (PENSION-I) DEPARTMENT
G.O.Ms.No.62 Dated: 07.03.2014 Read the following:-
- 1 G.O.Ms.No.653, Finance (Pen.I) Department, dt. 22.09.2004.
- 2 G.O.Ms.No.655, Finance (Pen-I) Department, dt. 22.09.2004.
- 3 F.No.8/9/2007-PFRDA(Pt.), Dt.28.07.2009 of PFRDA, New Delhi.
- 4 Govt Circular Memo No.30857/422/Pen.I/A2/2010, Dt.08.03.2010.
- 5 Lr.No.D(II)1/3058/2013, Dt.04.02.2014 of the DTA, AP, Hyd.
****
O R D E R:
In the G.O.
1st read above, Government have introduced New Pension Scheme (CPS) to the AP
Government employees who were appointed on or after 01.09.2004. In the G.O. 2nd
read above, Government have issued operational guidelines. In the New Pension
scheme each employee shall pay a monthly contribution of 10% basic Pay + DA
from his salary and the Government will contribute an equal amount as its
share.
2. In the
reference 3rd read above the Provident Fund Regulatory Development Authority (PFRDA)
has proposed an interim procedure and accordingly the Government in the
reference 4th read above, have issued instructions of interim procedure pending
finalization of the Guidelines.
3. In the
reference 5th read above the Director of Treasuries and Accounts (DTA) has
requested to consider the guidelines as proposed by the PFRDA and requested to
issue orders on withdrawal procedures consequent to instructions issued vide
reference 4th read above. 2
4. Government, after careful consideration of
the matter, hereby prescribe the Exit guidelines and the procedures to be
followed by the stake holders for submitting and forwarding exit / withdrawal
proposals as per the guidelines contained in Annexure-I and II enclosed
herewith. Accordingly Government hereby withdraw the instructions issued in the
Circular Memo 4th read above. However, if any payments are made in the past,
they have to be adjusted against the accumulated funds in CPS.
5. All the
Drawing and Disbursing Officers and Treasury Officers are requested to take
necessary action immediately.
6. The
Government Order is available on internet and can be accessed at the address http://goir.ap.gov.in.
[BY ORDER
AND IN THE NAME OF THE GOVERNOR OF ANDRHA PRADESH]
DR. P.V. RAMESH
PRINCIPAL SECRETARY TO GOVERNMENT(R&E)
To
All the Departments
of Secretariat.
All Heads of Departments.
The Director of
Treasuries and Accounts, A.P., Hyderabad.
The Pay and Accounts Officer, Hyderabad.
The Director of Works and Projects, A.P., Hyderabad.
The Director of State Audit, A.P., Hyderabad.
Copy to P.S. to PFS.
Copy to the P.S. to PFS (FP). SF/SC.
//FORWARDED : : BY ORDER//
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