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16/05/2010

Banks, insurers, Konkan Rly to join new pension scheme

Banks, insurers, Konkan Rly to join new pension scheme
The New Pension System will get a boost with many banks, insurance companies, Konkan Railway and Damodar Valley Corporation slated to put their retirement corpus into the contributory pension scheme.
“Damodar Valley Corporation and Indian Banks Association are coming in. The Konkan Railway has shown interest. Some insurance companies too are likely to join the scheme. There are lots of companies which are showing interest now,” an official with the P ension Fund Regulatory and Development Authority (PFRDA) said.
The Indian Banks Association, according to the official, has said new bank recruits who join from April 2010 will be included in NPS. Besides, insurance companies are looking at similar provisions for their new employees.
“Companies which do not have the EPFO liability can directly come to us. Those who have EPFO liability can make contribution over and above EPFO,” the official said, adding the fund managers would be decided by companies themselves.
There are six fund managers for the citizens’ scheme. These include IDFC Mutual Fund, Kotak Mahindra, SBI, UTI Asset Management, ICICI Prudential Life Insurance and Reliance MF.
Initially, the NPS was launched for the Central government employees joining service from January 1, 2004, but from last May it was extended to all citizens.
According to the information available on the PFRDA Website, as many as 8,78,713 subscribers have joined the NPS till last month, which include 5,532 from the unorganised sector. Out of this, a large majority of 6,09,376 subscribers are the Central gover nment employees, apart from 2,55,903 state government employees.
National Aluminium Company was the first public sector undertaking to move its employees retirement funds to the New Pension System to a contribution of 6 per cent of the basic pay into the NPS.
Source: PTI

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PME Due Date

Master Circular No. 25



Copy of Railway Board’s letter No. 69/H/3/11 dated 06.12.1974



Subject: Implementation of the Recommendations of the Visual Sub-Committee.



6. Periodical re-examination of serving Railway Employees:



6.l. In order to ensure the continued ability of Railway employees in Classes A l, A 2, A 3, B l and B 2 to discharge their duties with safety, they will be required to appear for re-examination at the following stated intervals throughout their service as indicated below:



6.1.1. Classes A l, A 2 and A 3 —At the termination of every period of three years, calculated from the date of appointment until they attain the age of 45 years, and thereafter annually until the conclusion of their service.



Note: (l) The staff in categories A l, A 2 and A 3 should be sent for special medical examination in the interest of safety under the following circumstances unless they have been under the treatment of a Railway Medical Officer.



(a) Having undergone any treatment or operation for eye trouble irrespective of the duration of sickness.



(b) Absence from duty for a period in excess of 90 days.



(2) If any employee in medical category A has been periodically medically examined at any time within one year prior to his attaining the age of 45, his next medical examination should be held one year from the due date of the last medical examination and subsequent medical examination annually thereafter.



If, however, such an employee has been medically examined, at any time earlier, than one year prior to his attaining the age of 45, his next medical examination should be held on the date he attains the age of 45 and subsequent medical examination annually thereafter.




Ammendment: It was ammended in 1993 as below



Age Group PME Due



Age 00-45 every 4yrs



Age 45-55 every 2yrs



Age 55-60 every year
Details:-
As per Rly Bd's Guideline of Medical Exam issued vide LNo. 88/H/5/12 dated 24-01-1993

a) PME would be done at the termination of every period of 4 years from date of appointment / Initial medical Exam till the date of attainment of age of 45 years, every 2 years upto 55 years & there after annual till retirement.
b) Employees who has been periodically examined at any time within 2years prior to his attaining the age of 45years would be examined after 2years from the date of last PME & subsequent PME for every 2years upto 55years age.Of

NRMU 4 you
SMLokhande





6.1.2. Classes B-1 and B-2—On attaining the age of 45 years, and thereafter at the termination of every period of five years.