Expert Committee for review and examining demand for continuing Old Pension Scheme - Govt of Aandhra Pradesh Order
Contributory Pension Scheme (CPS/NPS)- An Expert Committee for review of
the Contributory Pension Scheme and examining demand for continuing
Old Pension Scheme – Constituted – Orders – Issued.
G.O.R .RT.No. 2052
GOVERNMENT OF ANDHRA PRADESH
ABSTRACT
FINANCE (HR.3-PENSION-I) DEPARTMENT
Dated: 28-11-2018
Read the following : -
1. G.O.Ms.No.653 Finance(Pen-1) Department, dated: 22.09.2004.
2. G.O.Ms.No.654 Finance(Pen-1) Department, dated: 22.09.2004.
3. G.O.Ms.No.655 Finance(Pen-1) Department, dated: 22.09.2004.
4. Representations from various Service Associations, public representatives for restoration of Old Pension Scheme.
ORDER :
In G.O. 1st to 3rd read above, Government of Andhra Pradesh
adopted the Government of India's New Pension Scheme based on Defined
Contributions for the employees of the State, who are newly recruited on
or after 01.09.2004.
2. Several representations and requests have been received from various
service associations and people representatives for de-adoption of
Contributory Pension Scheme and restoration of Old Pension Scheme for
the State Government employees.
3. Keeping in view of the representations from the service associations
and people representatives, the Government hereby constitute an Expert
committee with the following composition.
| 1 | Sri.
S.P.Tucker,
IAS
(Retd), Former Chief Secretary to Government |
: |
Chairperson
|
| 2 | Sri.
Peeyush
Kumar, IAS , Secretary to Govt (FP), Finance Department |
: |
Member
Secretary
|
| 3 | Sri.
D.Venkata
Ramana, Secretary to Government, Law Department |
: |
Member
|
| 4 | Prof. K. Muniratnam Naidu (Retd), Professor in Economics, S.P.Mahila University, Tirupathi |
: |
Member
|
| 5 | Prof
Galab,
Professor in Economics, Director, CESS, Hyderabad |
: |
Member
|
4. Terms of reference for the committee:
i. To submit a detailed report analysing the repercussions, both legal
and financial of reviewing the Contributory Pension Scheme now in force.
ii. To submit a detailed report analysing the impact of Contributory Pension Scheme on the State Finances.
iii. To suggest propositions regarding the liabilities and risks that
may arise out of the agreements entered into with NPS trust and NSDL.
iv. In case it is to withdraw the Contributory Pension Scheme and in
lieu of it to implement the Statutory Pension Scheme, suggest
propositions for refund of the contributions made by the employees &
employer so far?
v. In case it is to withdraw the Contributory Pension Scheme and in lieu
of it to implement the Statutory Pension Scheme, what will be the
legality of such a decision with respect to those who have already
retired from service after serving under the Contributory Pension
Scheme? or expired while in service?.
vi. To analyse the status of the scheme in detail and the experiences
and current scenarios of other states that have implemented the
Contributory Pension Scheme.
vii. In case if the scheme is continued, what are the various steps that can be taken to make it more attractive/beneficial?
viii. To make suggestions in other matters that the committee finds
relevant with regard to the review of the Contributory Pension Scheme.
5. The term of the committee shall be 3 months from the date of issue of orders.
(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)
ANIL CHANDRA PUNETHA
CHIEF SECRETARY TO GOVERNMENT
To,
The Chairperson and Members of the Committee
The Principal Secretary to Government(FAC), Finance Department The Secretary to Government(FP), Finance Department
The Special Secretary to Government, Finance Department The Registrar, S.P.Mahila University, Tirupathi
The Director, CESS, Hyderabad
Copy to:
The Chief Secretary to Government,
All Service Associations in Andhra Pradesh SF/SCs
//FORWARDED BY ORDER//
SECTION OFFICER
