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Wednesday, May 15, 2013

Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13

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Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13

The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme.

PFRDA advises that various NPS schemes have earned the following average annual returns during the financial year recently ended on 31st March, 2013 (Weighted Average):

Details are as under:

National Pension System (NPS) - Latest status of subscribers of NPS as on 7.5.2013

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National Pension System (NPS) - Latest status of subscribers of NPS as on 7.5.2013 

 The PFRDA published a new latest table of subscribers of National Pension Scheme as on 7th May 2013. 

Click here to know the status of March 2013

Click here to know the status of Nov 2012

 The NPS status report as on May 7, 2013 is given as under: 

FAQ of CSC-2012 - Some model Calculations

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FAQ of CSC-2012 : The department of Principal Controller of Defence Accounts (Pensions) has issued illustrations to calculate the pension at revised rates for OROP Pensioners and family pensioners...

Some model Calculations are done here

Being a commissioned officer of Regular Army, the revision is to be done as per Annexure –A (table No 1) annexed to PCDA (P) Circular No 500. Look in relevant column for the rank and relevant row for qualifying service.

The revised pension w.e.f. 24.9.2012 comes out to 27795/- P.M.

FAQ of CSC 2012 - ONE RANK ONE PENSION : FAQ related to One Rank One Pension

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FAQ related to One Rank One Pension

FAQ of CSC - 2012 : The department of Principal Controller of Defence Accounts (Pensions) has issued clarifications as Frequently Asked Questions on implementation of One Rank One Pension to pensioners / family pensioners...

FAQs on Implementation of OROP vide Govt. Order dated 17.01.2013

Q: 1 Are these orders applicable to those pensioners also whose date of commencement of pension is exactly 01.01.2006 ?
A: Yes, these orders are applicable to all the pensioners/family pensioners whose date of commencement of pension is on or before 01.01.2006.

Q: 2 The date of commencement of family pension in respect of a family pensioner is 01.04.2006 whose late husband had retired from the service on 31.08.1999. Will the family pension of the family be revised under these orders?
A: Yes, the family pension will be revised under these orders because the deceased soldier was a pre-2006 retiree.



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