Department of Pensions and Pensioners’ Welfare conducts review meeting on NPS Oversight Mechanism Ministries/Departments to ensure welfare of NPS employees through National Pension System Oversight Mechanism

Published on 17-Apr-2025 12:04 AM

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A Review Meeting on NPS Oversight Mechanism: The Role of DoPPW

In a pivotal meeting held on April 16, 2025, under the chairmanship of Secretary V. Srinivas, the Department of Pensions and Pensioners’ Welfare (DoPPW) conducted a third review meeting on the NPS Oversight Mechanism. This critical session aimed to ensure the welfare of Central Government pensioners, including those under the National Pension System (NPS). The meeting focused on several key areas: timely deduction of salaries for Central Government employees towards their contributions to NPS, applicable contributions from the Central Government to the financial architecture of NPS, and effective resolution of employee grievances.

Overview of DoPPW’s Role in NPS Oversight

DoPPW was tasked with ensuring that the NPS oversight mechanism was robust, timely, and fair. Their primary goal was to address employee grievances and ensure that pensioners were adequately supported through their contributions to the financial system.

Details of the Meeting

The meeting was attended by the Secretary (Pension), Financial Advisor, Nodal Officers of 11 Ministries/Departments, and Representative of M/s Protean. The purpose was to review the status of the NPS Oversight Mechanism, ensuring its effectiveness in maintaining employee welfare and resolving grievances.

Key Activities

During the meeting:

Review and Emphasis on Salary Deductions: The Secretary (Pension) reviewed and emphasized timely deduction from salaries of Central Government employees towards their contributions to NPS.
Contributions from the Central Government: They highlighted the contribution made by the Central Government to NPS financial architecture.
Gribery Resolution: They addressed the resolution of grievances from Central Government employees.

Requests from Ministries/Departments

To enhance monitoring and ensure better oversight, several requests were requested:

Formation of an Oversight Committee
Holding periodic meetings
Submitting six monthly reports
Generating PRAN (Pay Rise Notification) for employees
Remitting monthly contributions to NPS

Introduction to the Web Portal

DoPPW introduced a web portal at https://pensionersportal.gov.in/NPS, which was designed for submission of six monthly reports. This tool facilitates ongoing monitoring and ensures regular updates on employee activities and financial statuses.

Conclusion

The meeting underscored the importance of timely oversight mechanisms in maintaining the welfare of pensioners. The formation of a committee and periodic meetings will continue to be crucial. Additionally, the web portal will serve as a vital tool for continuous monitoring and improvement. The future agenda will focus on further review meetings and continued implementation of these measures.

DoPPW remains committed to ensuring the comprehensive support of pensioners through robust oversight mechanisms, with each meeting contributing to their welfare and the integrity of NPS.

source: Department of Pensions and Pensioners’ Welfare conducts revi...

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