Amendment in NPS Fund Investment Guidelines - PFRDA Circular

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

B-14/A, Chhatrapati Shivaji Bhawan,

Qutab Institutional Area,

Katwaria Sarai, New Delhi-110016.

Ph: 011-26517501, 26517503, 26133730

Fax: 011-26517507

Website : www.pfrda.org.in

CIRCULAR

PFRDA/2019/8/SUP-PF/2

Date: 25.03.2019

Subject: Amendment to the investment Guidelines (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana)

Reference is invited to the Investment Guidelines for NPS Schemes (Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana) dated 3rd June 2015 issued vide circular no. PERDA/2015/16/PFM/7, the Change in Investment guidelines for NPS schemes W.r.t. Investment in equity Mutual funds vide circular no. PERDA/2018/56/PF/2 dated 20th August 2018 and Revised rating criteria for investments under NPS Schemes vide circular No. PERDA/2018/02/PF/02 dated 08.05.2018. The changes hereunder shall apply only to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana.

In order to provide flexibility to the Pension Funds to improve the scheme performance depending upon the market conditions, it has been decided to increase the cap on Government Securities & related investments and Short term debt instruments & related investments by 5% each.

The asset class wise revised caps on the various asset classes are as under:

Asset Class Caps on Investments for composite schemes

Government Securities & related investments Upto 55%

Debt Instruments & related investments Upto 45%

Equity ‘& related investments Upto 15%

Asset backed, trust structured etc. Upto 5%

Short term debt instruments & related investments Upto 10%

4.The other terms and conditions as mentioned in the circular PERDA/2015/16/PFM/7 dated 03.06.2015, circular no. PERDA/2018/56/PF/2 dated 20th August 2018 and circular No. PFRDA/2018/02/PF/02 dated 08.05.2018 shall remain the same.

This circular is issued in exercise of powers of the Authority under sub-clause (b) of the sub-section (2) of section 14 of Pension Fund Regulatory and Development Authority Act, 2013 read with regulation 14 and 43 of PFRDA (Pension Fund) Regulation, 2015.

This would be effective from 01.04.2019.

Venkateswarlu Peri

(Chief General Manager)

FNPO delegation met Chairman Postal Services Board under the leadership T.N.Rahate, SG, FNPO

FNPO delegation consisting T.N.Rahate, SG, FNPO, N.K.Tyagi, President, FNPO, 

N.N.Mujawar, Dy G/S NUPE, CHQ, , met Secretary DOP, Member (Technology), Additional 

D.G., DDG(P), DDG (MM), DDG(SR&Legal), Director(SPN), and ADG(GDS-PCC) the 

following officers on 27.3.2019 discussed on the following issues.

1. Recrutment of postmen posts though surplus candidates of GDS,This issue will under active  consideration within rules. (Maharashtra circle)

2. As per new RR of Postman qualification required for GDS is 10+2 and Driving license hence we demanded 10th qualification for GDS who appointed prior new RR and give some period for submit the driving license , administration positively reacted to consider our request in the light of natural justice. Order will issued very shortly.

3. Rotational Transfers : stop the station tenure condition for Sorting Assistant cadre . In this regard submitted a detailed letter and Director (SPN) agreed to consider the same. 

4. Supply of monthly pay slip to all employees. Temporary agreed. 

5. We demanded for direct accounting of Mc-mish collections in CSI software to arrest the frauds – it will be solved soon. 

6. We demanded increase to LGO exam chances form 8 to10. adminstration agreed orders are issued after change of syllabus.

7. Increase the amount of  dress allowance ₹5000/- to ₹ 10000/-. Committee is formating for this issue,

Others details publish in federal sentinel,.postal prakash &RMS Sentinel

Proposal of Banking Financil services and insurance Council letter to all the Heads of the Circle .

Monitoring delivery of the articles.

Rate of Dearness Allowance applicable w..e.f 01.01.2019 to the employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pre'reviscd scales/Grade pay as per 6th& 5th Central Pay Commission

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RAJASTAN CIRCLE NUPE P4 & NUGDS JOUNT CWC

D.A TO G.D.S

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