Exemption railway servants appointed on or after 01.01.2004 from the
application of NPS does not seem to be feasible proposition.-Minister of Finance and Corporate
Affairs sri. Arun Jaitley
NFIR,
3, Chelmsford Road,
New Delhi – 110055.

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Exemption of Railway employees appointed on or after 01.01.2004 from the purview of National Pension System (NPS)
Government of India(BHARAT SARKAR)
Ministry of Railways (RAIL MANTRALAYA)
(RAILWAY BOARD)
No.2012/F(E)III/1(1)/4-PtMinistry of Railways (RAIL MANTRALAYA)
(RAILWAY BOARD)
New Delhi, Dated : 13.02.2018
The General Secretary,NFIR,
3, Chelmsford Road,
New Delhi – 110055.
Sub : Exemption of Railway
employees appointed on or after 01.01.2004 from the purview of National
Pension System (NPS) – regarding.
The undersigned is directed to refer to
NFIRs letter No. IV/NPS/PFRDA BILL/Part- I dated 13.02.2017, 26.10.2017
and 11.12.2017 on the above subject.
2. In this regard it is informed that on
the request of NFIR, Hon’ble former Minister of Railways, Sh.Suresh
Prabhu had written a D.O letter dated 11.04.2017 to the Hon’ble Minister
of Finance and Corporate Affairs, Sh.Arun Jaitley, to have a second
look on the issue of exemption of Railway employees from the application
of National Pension System (NPS). In reply, Hon’ble Minister of Finance
and Corporate Affairs Sh. Arun Jaitley has communicated that the matter
was reconsidered in consultation with pension Fund Regulatory and
Development Authority (PFRDA) and that the request for exemption railway
servants appointed on or after 01.01.2004 from the application of NPS
does not seem to be feasible proposition.
Yours faithfully,
S/d,
for Secretary/Railway Board
S/d,
for Secretary/Railway Board

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