PENSION – CPS – INTRODUCED WITH EFFECT FROM 1-9-2004 –
FURTHER ORDERS – ISSUED.
GOVERNMENT
OF ANDHRA PRADESH ABSTRACT
PENSION – Contributory Pension Scheme –
Introduced with effect from 1-9-2004 – Further orders – Issued.
FINANCE
(PENSION-I) DEPARTMENT
G.O.
Ms. No. 655 Dated: 22-9-2004
Read the following:
G.O. Ms. No. 653 Finance (Pension-I)
Department, dt. 22-9-2004
G.O. Ms. No. 654 Finance (Pension-I)
Department, dt. 22-9-2004
O R D E R:
In the Government Orders read above,
Government have introduced a new Contributory Pension Scheme based on Defined
Contributions for all the employees, who are recruited on or after 1-9-2004. In
order to implement the Contributory
Pension Scheme, the following further orders are issued:
It is mandatory for all the new employees,
who are recruited on or after 1-9-2004 to become members of the Scheme. Each
employee will pay a monthly contribution of 10% of the Basic Pay and DA from his salary to the Contributory Pension Scheme.
A matching contribution will be made by the
State Government for each employee, who contributes to the scheme.
The contribution towards Contributory
Pension Scheme shall be recovered from the salary of the employees every month
as is done now for General Provident Fund.
Accountant General (A&E) Andhra
Pradesh, Hyderabad will maintain the
accounts for the Contributory Pension Scheme as in the case of General
Provident Fund. Index numbers to the employees
who join the Contributory Pension Scheme will be allotted by Accountant
General (A&E) A.P. Hyderabad on receipt of applications from the Heads of
the Departments/Heads of Offices in the prescribed form annexed to this order
(Annexure-I). Index numbers will be in separate types or series for (i)
Government employees (ii) Employees of Aided Educational Institutions and (iii)
Other employees.
Nomination has to be filed at the time of
admission and has to be revised upon marriage of the subscriber and thereafter
once in five
years. Necessary entry to the effect of
filing the nomination along with name of
nominee(s) should be noted in the Service Register on the concerned employee.
Schedule of recovery to be attached to the
Pay bill showing the Contribution to Pension Scheme has been prescribed
separately for Government employees as in Annexure II and the employees of the
Aided Educational Institutions as in Annexure III. Each Drawing
and Disbursing Officers should prepare the schedule and enclose along
with the Pay Bill.
The amount recovered from the Pay Bill
shall be credited to the following new Deposit Head of Account by the Pay and
Accounts Offices / Treasuries / Sub-Treasuries in respect of Government
employees.
I. Small Savings, Provident Fund etc. – (c)
Other Accounts 8011. Insurance and
Pension Funds
M.H.
106 – Other Insurance and Pension Funds
SH
(04) A.P. State Government
employees Contributory Pension Scheme (to be opened)
001
– Employees Contribution 002 – Government Contribution
The amount recovered in respect of
employees of Aided Educational Institutions should be credited to:
8011 – Insurance
and Pension Funds
MH 106 – Other
Insurance and Pension Funds
SH (05) A.P.
Aided Educational Institution Employees Contributory Pension Scheme (to be
opened)
001 – Employees
Contribution 002 - Government Contribution
The recovery schedules attached to the Pay
bills by the Drawing and Disbursing Officers shall be removed and handed over
to Accounts Officer, Fund Management, Office of the Accountant General
(A&E), Hyderabad in a separate cover by Treasury Officers / Pay and
Accounts Officers every month.
The reasons for non-recovery from a
particular employee in any month should be furnished by the Drawing and
Disbursing Officers concerned in the recovery schedule without fail.
The Government contribution and the
employees contribution will be adjusted by the Accountant General every month
and the total of both contributions have to be transferred to Pension Fund Regulatory
and
Development Authority or any agency
authorised by Pension Fund Regulatory and Development Authority for this
purpose on monthly basis after obtaining clearance from Pension Fund Regulatory
and Development Authority (PFRDA). The
Government contribution to the scheme shall
be debited to the following head of account:-
2071 – Pension
and other Retirement benefits 01 – Civil
MH 800 – Other
Expenditure
SH (05) Contribution
to Contributory Pension Scheme of Andhra Pradesh State Government Employees (to
be opened)
320 – Contributions
by book adjustment by the Accountant
General with reference to the amount contributed by the employees and initially
credited to “(8011 –MH 106-SH (04) and (8011 – MH 106 – SH (105))
Heads of Departments / Head of Offices
should get the Index numbers from the
Accountant General for all the new employees who have already joined the
Government service on or after 1-9-2004 within a month from the date of this
G.O. As and when new employees join in future, they should be admitted to this
scheme compulsorily by the Heads of Department/ Heads of Offices by promptly
applying for allotment of the Index No. to the Accountant General within a
month from the date of joining of the new employee.
Arrears of subscription to the Contributory
Pension Scheme from 1-9-2004 will be deducted from the new employees already
joined after 1-9-2004 along with current month subscription (i.e. one
Subscription for current month and one additional for subscription arrears.)
The Index number allotted by the Accountant
General for joining the Contributory Pension Fund Scheme should be entered in
the first page of the Service Register
with necessary attestation.
(BY ORDER AND IN THE NAME OF GOVERNMENT OF
ANDHRA PRADESH)
V.
S. Sampath
Principal
Secretary to Government
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