Exemption of Railways from National Pension System (NPS)
Under Secretary, Govt of India responds to GS/NFIR on the National Pension System
Ministry of Finance
Department of Financial Services
2nd Floor, Jeevan Deep Building,
Parliament Street, New Delhi
Dated the 5th August, 2016
The undersigned is directed to enclose herewith a representation (in original) dated 26.06.2016 received from NFIR regarding the subject cited above.
2. In this regard, it may be stated that exemption of railways from NPS employees will have a bearing on the exchequer; Department of Expenditure (DoE) may take an appropriate action in this regard.
3. So far as proposals of Hon’ble Railway Minister in this matter is concerned, the reply to issues relevant to this Department were sent to DoE vide this Department’s OM dated 26.02.2016.(Copy enclosed)
Under Secretary to the Government of India