• Welcome to Directorate of pension & provident Fund

    Government of Gujarat

    Directorate of Pensionand Provident Fund deals with the authorization of pension cases of StateGovernment ,
    Grant in Aid, Non-Government Schools, Colleges ,Universities ,Panchayat employees
    (Retiring on or after 01-06-2015 in case of PanchayatEmployees) and Rojamdars & kotwals .
    Also, maintains General Provident Fund (GPF)Accounts for Class IV, Rojamdar,
    and Work charged employees, accounts of HBA/MCA and New Pension Scheme.
  • Welcome to Directorate of pension & provident Fund

    Government of Gujarat

    Directorate of Pensionand Provident Fund deals with the authorization of pension cases of StateGovernment ,
    Grant in Aid, Non-Government Schools, Colleges ,Universities ,Panchayat employees
    (Retiring on or after 01-06-2015 in case of PanchayatEmployees) and Rojamdars & kotwals .
    Also, maintains General Provident Fund (GPF)Accounts for Class IV, Rojamdar,
    and Work charged employees, accounts of HBA/MCA and New Pension Scheme.
  • Welcome to Directorate of pension & provident Fund

    Government of Gujarat

    Directorate of Pensionand Provident Fund deals with the authorization of pension cases of StateGovernment ,
    Grant in Aid, Non-Government Schools, Colleges ,Universities ,Panchayat employees
    (Retiring on or after 01-06-2015 in case of PanchayatEmployees) and Rojamdars & kotwals .
    Also, maintains General Provident Fund (GPF)Accounts for Class IV, Rojamdar,
    and Work charged employees, accounts of HBA/MCA and New Pension Scheme.

NEW PENSION SCHEME (NPS)

INTRODUCTORY
  • This scheme has been Implemented in Gujarat w.e.f. 01.04.2005.
  • This scheme is Applicable to employees who are appointed on or after 01/04/2005 in State Government , Panchyat and GIA Institute( Teaching /Non-Teaching ), Board /Corporations where old pension scheme was in vogue.
  • NPS is bifurcated in two tiers but in Gujarat Tier-I is operative for above employees
  • Mandatory subscription for subscriber is fix 10% of basic pay plus DA With equal government matching contribution.
  • Fund is being transferred to NPS Trust NSDL (National Security Depository Ltd.) for further investment and central record keeping.
  • Pension Fund Regulatory and Development Authority (PFRDA) to regulate and develop the pension market.
  • For fund management there are three fund managers. (1) State bank of India (2) Unit Trust of India (3) Life Insurance Corporation of India.
  • For opening new account subscriber has to apply through Drawing and Disbursing Officer (DDO) and Head Of Department (HOD) to Directorate Of Pension and Provident Fund(DPPF).
  • DPPF allots PPAN(Permanent Pension Account Number) to subscriber.
  • DDO is responsible for deducting subscriber contribution and crediting.
  • No part withdrawal facility is available in this scheme.
  • DDO list with registration number and cardex details

Types of Exit Plans under NPS

  • Death :- 100% Pension wealth payable to Nominee/Legal heir.
  • On Superannuation :- 40% of Pension Wealth to be utilized for annuity for purchase, 60% payment to subscriber ( If pension wealth being less than Rs. 2 Lac – 100% Withdrawal allowed.)
  • Before Superannuation :- 80% of Pension Wealth to be utilized for annuity for purchase, 20% payment to subscriber.