New Rules on NPS Guidelines Issued: National Pension System NPS is the pension program for all the government employees where most of them are opting for NPS. Beneficiaries are facing delay in their regular payments. Now New Rules on NPS Guidelines Issued by the Central Pension Accounting Office (CPAO) for pensioners to release their NPS payments faster. If you are also getting your pension then this article will help you to understand the New Rules on NPS Guidelines Issued by CPAO under the office Memorandum of 12 March 2025.
New Rules on NPS Guidelines Issued
The Central Pension accounting office- CPAO observed dealing in the pension of NPS program has many of the offices which are releasing the Pension Funds are following the old procedure to release the pension amounts of the beneficiaries. So they suggested offices in the latest OM – Office Memorandum on 12 March 2025 to implement the New Rules on NPS Guidelines Issued for NPS payments.
What have Suggested- Process NPS pension like OPS
The national pension system is offering monthly pensions to the retirees in India where they can get their pension amount after retirement according to their investment. While NPS is claiming a fastest and easiest way to release the pension amount, thousands of retirees are facing delay in the monthly amount due to unnecessary documentation. The authority has earlier ordered the Pay and Accounts Offices (PAOs) to not ask for documents as per old process, but they are still asking provisional PPOs with three copies along with 3 copies. Which is increasing the payment process time and delaying the amount.
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What is delaying the pension?
The extra PPO (Pension Payment Order) is the key document which is delaying the duration of the NPS payments. Usually the CPAO is asking only 2 copies of PPO where first is for pensioners and the second is for employer who contributed in the NPS account of the employee. But reports are suggesting that Pay and Accounts Offices in different organisations and offices are collecting 3 copies of the PPO. So instead of verifying 2 copies, now these departments are verifying one additional copy of PPO. so it is taking extra time and delaying the pension of the retirees.
CPAO ordered to resolve NPS payment delay in earlier
However the office memorandum of 12 March 2025 is focusing on the smooth implementation of NPS but it is not the first OM by CPAO. They earlier issued the same instruction for the unnecessary documentations of PPO in the office memorandum of 18 December 2023. So in the current OM of the authority, they ordered all the affected authorities to follow the detailed instructions of OM 18 December 2023.
new nps rules 2025: What will happen to NPS users?
After 2004 all the government employees are automatically enrolled in the New Pension System. However there are still few departments which are allowing OPS pension payments to their older employees according to their choice. OPS user are getting their payments regularly without any delay, but departments were delaying pensions of NPS holders.
But after issuing the new guidelines for NPS users and focusing on the implementation of 18th December 2023 memorandum, now all the concerned departments will follow these guidelines and will stop unnecessary documentations and the process. Now NPS holder will see positive impact of this OM.
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NPS Implementation Date
The National Pension System was implemented in India after 2004. It is an umbrella pension program which is not only covering government employees as per OPS, but is also inviting Private Job workers to contribute for their future during their employment. So all the individuals are able to get pension benefits.
The pension after retirement was available for only government employees where they were getting the pension amount as per ⅓ of their last salary before retirement. For example if an employee is retiring with a salary of 90000 per month, so he will get ⅓ of it which is 30000 per month. But NPS is not based on the last salary but is inviting employees and employers to contribute a monthly amount. So the pension amount is based on the investment of the person.
While most of the OPS beneficiaries were getting ⅓ of salary, so are not accepting this implementation and demanding to continue OPS for life time. So state governments are discussing it and releasing OPS in a few locations. But now private sector employees are able to contribute their salary and will able to get higher pension according to their contribution then government employees.
