(a) whether many Public Sector Undertakings (PSUs) have agreed to
follow the New Pension Scheme (NPS) in their organisations;
(b) if so, the details of PSUs which are already under NPS and the PSUs
that are going to come under New Pension Scheme;
(c) whether the PSUs have agreed for investing superannuation pension
funds into the NPS; and
(d) if so, the details thereof?
THE MINISTER OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI PRAFUL PATEL)
(a) Department of Public Enterprises (DPE) is the nodal Department of
Government of India for issue of policy guidelines in respect of the Central
Public Sector Enterprises (CPSEs). DPE O.M. dated 26.11.2008 read with O.M.
dated 02.04.2009 for 2007 pay revision in respect of Executives & non-unionized
Supervisors of CPSEs following Industrial Dearness Allowance pattern of pay scales,
w.e.f. 01.01.2007, inter alia, provide for superannuation benefits to those employees
of CPSEs upto 30% of Basic pay plus DA. Superannuation benefits include Contributory
Provident Fund, Gratuity, Pension and post-superannuation medical benefits. These
superannuation benefits are dependent on various conditions.
With regard to the adoption of the New Pension System (NPS) formulated by the Pension
Fund Regulatory and Development Authority, in the CPSEs, DPE has circulated the NPS
to all administrative Ministries/Departments and Chief Executives of CPSEs for their
guidance and necessary action.
Some CPSEs have evinced interest in joining the NPS regulated by the Pension
Fund Regulatory and Development Authority.
(b) Three (3) CPSEs namely Konkan Railway Corporation Limited, Manganese Ore
(India) Limited and National Aluminium Company Limited have formally joined
NPS till now.
(c)& (d): Those CPSEs, which have joined the NPS have agreed for investing
superannuation pension funds into NPS.