Brief of the meeting held on 09.06.2015 between NC/JCM(Staff Side) and 7th Pay Commission

Brief of the meeting held on 09.06.2015 between NC/JCM(Staff Side) and 7th CPC

No.NC/JCM/7th CPC/2015

Dated: June 9, 2015

All Constituents of NC/JCM(Staff Side),

Dear Comrades,

Sub: Brief of the meeting held on 09.06.2015 between NC/JCM(Staff Side) and 7th CPC

A meeting of National Council JCM Staff Side with 7th Pay Commission was held on 09.06.2015 at New Delhi. It was last meeting of 7th Pay Commission with JCM. JCM had already submitted memorandum regarding common issues of Central Government Employees to 7th CPC on 30th June, 2015. JCM submitted memorandum in two parts. Part one deals with Pay, allowances, advances, facilities, benefits et., Part II is concerning retirement benefits, viz Gratuity, Pension, Medical facilities etc.

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Investment guidelines for NPS Scheme with effect from 10.6.2015 – PFRDA Circular

Investment guidelines for NPS Scheme with effect from 10.6.2015 – PFRDA Circular

Investment guidelines for NPS Schemes (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana) w.e.f, 10th June, 2015.

Pension Fund Regulatory & Development Authority issued an important circular regarding the investments guidelines for NPS Scheme with effect from 10.6.2015

"NPS investments have been restricted to 5% of the ‘paid up equity capital’* of all the sponsor group companies or 5% of the total AUM under Equity exposure whichever is lower, in each respective scheme and 10% in the paid up equity capital of all the non-sponsor group companies or 10% of the total AUM under Equity exposure whichever is lower, in each respective scheme."

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