60% CPC Arrear(2nd Installment) : Preconditions

The Ministry of Expenditure has issued an Office Memo. regarding updation of profiles to post 01.01.2004 Central Govt employees. As reported by NSDL, the nodal agency for New Pension Scheme, a large number of cases pertaining to post 01.01.2004 entrants are yet to fill up the Registration Form for NPS.

The Expenditure dept has asked to complete the exercise latest by 31st of this month.

The process is to be completed before release of 2nd installment of arrear for which separate order is to be issued. Under no circumstances, the release of 2nd installment is to be done in the case of post 01.01.2004 Central Govt entrants before satisfying the precondition of registration.

With this Office Memo, it looks certain that the Government is going to release the second installment of arrear shortly.

Official Circular – http://finmin.nic.in/6cpc/NPS6thcpc.pdf

Source: Staff Corner

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