Recently, Maharashtra State Government has issued a resolution regarding The procedure for implementation of National Pension Scheme (Tier-I) applicable to the State Government employees as well as officers of the AIS of the Maharashtra cadre which is as under:
Introduction :
The Defined Contribution Pension Scheme was introduced for the State Government employees with effect from 01/11/2005 vide GR at sr. no. 1 above. The State Government has joined the National Pension Scheme of the Central Government vide GR at sr. no. 13 above. Therefore, the Defined Contribution Pension Scheme has now been renamed as “National Pension Scheme” (NPS).
The State Government entered into an agreement on dt.10/10/2014 with the National Pension Scheme Trust (NPS Trust) established by the Government of India. Similarly, the State Government also entered into an agreement on dt.10/10/2014 with M/s National Securities Depositories Limited-e-Governance Infrastructure Limited, who have been appointed as the Central Record Keeping Agency (CRA) by the Government of India.
The State Government is pleased to prescribe the procedure of Tier-I for the implementation of the National Pension Scheme.
Download Resolution (Click Here)
