Recovery of NPS subscription fee/charge should be stopped : NCJCM Staff Side
National Council (Staff Side)
Joint Consultative Machinery for Central Government Employees
13-C, Ferozshah Road, New Delhi – 110001
Dated: October 31, 2015
Shri Sanjay Kothari,
Ministry of Personnel, Public Grievances & Pensions,
Department of Pension & Pensioners’ Welfare
(Government of India),
Sub: Recovery of NPS subscription fee/charge
Ref.: Dy. General Manager, NPS Trust, New Delhi’s notice dated 19.10.2015
It has come to our notice that, @ 0.01% of the AUM on daily accrual basis is proposed to be imposed on the NPS Subscribers.
In this connection, it is worth-mentioning that, in the past, it was assured to the Central Government Employees that, no Administrative Charge/Fee would be imposed on any of the Government employees. Orders to this effect, if so issued, should immediately be withdrawn.
(Shiva Gopal Mishra)
Source : NCJCM STAFFSIDE