RAJYA SABHA UN STARRED QUESTION NO. 2813 TO BE ANSWERED ON MARCH 20, 2018/PHALGUNA 29, 1939 (SAKA) IMPLEMENTATION OF CPS IN STATES 2813.

RAJYA SABHA UN STARRED QUESTION NO. 2813 TO BE ANSWERED ON MARCH 20, 2018/PHALGUNA 29, 1939 (SAKA) IMPLEMENTATION OF CPS IN STATES 2813.

Dr. K.V.P. Ramachandra Rao Will the Minister of FINANCE be pleased to state

⏩ (a) whether it was made mandatory to implement Contributory Pension Scheme (CPS) for States and its employees, if so, the details thereof, and

⏩ (b) whether States can come out from this scheme, if so, the details thereof?

                     ANSWER

                ⏩ The Minister of State in the Ministry of Finance (Shri Shiv Pratap Shukla) (a) & (b) The Government of India vide notification dated 22.12.2003 has introduced the National Pension System (earlier known as New Pension Scheme for its employees and made it mandatory for employees joining on or after 01.01.2004. The said notification is deemed to be NPS under Section 20 of the PFRDA Act, 2013, which has been passed by Parliament of India and notified w.e.f 01.02.2014.

    ⏩ Except the State Governments of Tripura and West Bengal, all other State Governments have notified NPS and made it mandatory for their employees joining on or after their adoption date, mentioned in their notifications. State Governments are empowered under Section 12 (4) of the PFRDA Act, 2013, to notify NPS for its employees.

⏩ State Governments have made no provisions in their notifications for coming out of NPS.

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