ORDNANCE FACTORY BOARD CORRESPONDENCE WITH MOD ON THE MATTER OF MACP IN THE HIERARCHY OF POST

PFRDA Circulars - Exposure draft on Guidelines for Withdrawal of 25% of Accumulated Contributions by NPS Subscribers Posted: 17 Jan 2014 05:39 AM PST PFRDA Circulars - Exposure draft on Guidelines for Withdrawal of 25% of Accumulated Contributions by NPS Subscribers PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY  EXPOSURE DRAFT  ON GUIDELINES FOR WITHDRAWAL OF 25 % OF ACCUMULATED CONTRIBUTIONS BY NPS SUBSCRIBERS Issued on: 15th January, 2014  Last date to accept Comments: 15th February, 2014  As per Chapter VI, Sec 20 (2b) of the PFRDA act, 2013 it has been provided that withdrawals, not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individual pension account subject to the conditions, such as purpose, frequency and limits as may be specified by the regulations. Keeping the above in perspective, the draft guidelines for withdrawal of 25 % of accumulated contributions by NPS subscribers are proposed and comments from the public and all concerned are invited. It may also be noted that suggestions on addition/alteration in the proposed guidelines can also be given. Comments/Feedback may be forwarded by email to the e-mail id k.sumit@pfrda.org.in latest by 15.02.2014.  Comments should be given in the following format: Name of entity/ person Sr.No. Pertains to which Section/sub-section and Page number Proposed/ suggested changes Rationale Written comments in the above format may be addressed to:  Mr. Sumit Kumar  Dy. General Manager  Pension Fund Regulatory & Development Authority 1st Floor, ICADR Building, Vasant Kunj Institutional Area Phase - II Vasant Kunj, New Delhi – 110070  PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY  INTRODUCTION  As per Chapter VI, Sec 20 (2b) of the PFRDA act, 2013 it has been provided that withdrawals, not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individual pension account subject to the conditions, such as purpose, frequency and limits as may be specified by the regulations. In order to finalise the regulations for withdrawals, it becomes imperative to develop the formal aspects of the permitted withdrawals allowed under the Act for the benefit of NPS subscribers.  EXISTING EXIT / WITHDRAWAL GUIDELINES UNDER NATIONAL PENSION SYSTEM (NPS)  The current exit / withdrawal guidelines under NPS are framed in such a manner that the subscriber has a long period of accumulation of corpus for providing him with a decent accumulated pension wealth when he retires or he moves out of the regular work routine due to age. Also, it lets the subscriber have the freedom to move out of the scheme at any point of time, irrespective of cause or reason which determines the complete exit from the scheme. The following are the current rules/guidelines for withdrawals under NPS as approved by PFRDA:  a) Exit from NPS upon attaining the age of Normal superannuation (for govt. employees only) or upon attaining the age of 60 years (for all subscribers other than govt. employees): At least 40% of the accumulated pension wealth of the subscriber needs to be mandatorily utilized for purchase of an annuity providing for the monthly pension of the subscriber and the balance is paid as a lump sum payment to the subscriber. b) Exit from NPS before attaining the age of Normal superannuation (for govt. employees only) or before attaining the age of 60 years (for all subscribers other than govt. employees): At least 80% of the accumulated pension wealth of the subscriber needs to be utilized for purchase of an annuity providing for the monthly pension of the subscriber and the balance is paid as a lump sum payment to the subscriber. c) Upon Death : The entire accumulated pension wealth (100%) would be paid to the nominee / legal heir of the subscriber. For Swavalamban withdrawals under (a) & (b) in the previous page, there is an overriding condition on the lump sum payment payable due to which the entire accumulated pension wealth would be annuitised in case if the monthly pension obtained by using the 40%/80% of the pension wealth is below Rs.1000/- per month. Also, these exit/withdrawal rules as applicable to NPS can be modified/altered from time to time by the Authority as the NPS progresses.  BACKGROUND  The withdrawal of 25% of accumulated contributions under NPS is in addition to the withdrawal permitted at the time of exiting from NPS by the subscriber as specified above. The subscriber can continue to contribute in the scheme while using such withdrawal facility. These guidelines shall determine the circumstances under which the NPS subscriber can avail such withdrawal functionality under different time frames and thereby putting certain limits to which shall be adhered by him/her.  The guidelines are framed taking into the purpose and object of NPS i.e., to ensure a decent accumulated pension wealth in the accounts of the subscribers at the time of exit.  FEEDBACK /COMMENT PERIOD  The Feedback /Comments on this exposure draft received till 15th February, 2014 would be considered for evaluation by PFRDA. The decision of PFRDA on all and any matters related to the subject matter is final and binding on all stakeholders.  PROPOSED GUIDELINES FOR WITHDRAWAL OF 25 % OF ACCUMULATED CONTRIBUTIONS BY NPS SUBSCRIBERS  As per Chapter VI, Sec 20 (2b) of the PFRDA act, 2013 it has been provided that withdrawals, not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individual pension account subject to the conditions, such as purpose, frequency and limits as may be specified by the regulations. As the decision in this regard has to form part of the regulations to be made under Sec 52 of PFRDA Act, we need to arrive at a decision on the matter purpose, frequency and limits of such withdrawals which would be allowed.  Posts examining the various aspects of the probable needs and duration, following aspects have been proposed in respect of the aforesaid guidelines:  (a) Purpose : This withdrawal may be treated as partial withdrawal and whereby the subscriber can withdraw not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individual pension account for any of the following purposes only:  i) For Higher education of his/her children including a legally adopted child.  ii) For the marriage of his/her children, including a legally adopted child.  iii) For the purchase/construction of residential house or flat. However, if the subscriber already owns a residential house or flat, the same is not allowed as a ground for the withdrawal.  iv) Treatment for prescribed illnesses – suffered by subscriber or his legally wedded spouse and children. For this purpose, the prescribed illness referred above consists of hospitalization and treatment for the following diseases/illnesses:  1. Cancer  2. Kidney Failure (End Stage Renal Failure)  3. Primary Pulmonary Arterial Hypertension  4. Multiple Sclerosis  5. Major Organ Transplant  6. Coronary Artery Bypass Graft  7. Aorta Graft Surgery  8. Heart Valve Surgery  9. Stroke  10. Myocardial Infarction (First Heart Attack)  11. Coma  12. Total blindness  13. Paralysis  b) Limits : It has been proposed that there should be limitation on eligibility as well as the maximum limit for each withdrawal that can be permitted till the person stays invested in National Pension System. We propose the following eligibility criteria and limit for availing the benefit:  1. The subscriber should have been in NPS for at least ten years and contributing to the scheme.  2. Subscriber can withdraw accumulations not exceeding twenty-five percent (25%) of the contributions made by him and standing to his credit in his NPS account, as on the date of application for withdrawal.  c) Frequency : It is recommended that the subscriber may be allowed to withdraw at the most three (3) times from the scheme during the tenure and should have a gap of at least 5 years before availing the withdrawal facility for the next time. However, the mandatory requirement of 5 years gap between two successive permitted withdrawals would not be applicable in case of “treatment for above prescribed illnesses”.  We are proposing the above frequency in order to make sure that the subscriber should be left with a decent and considerable accumulated pension wealth at the time of superannuation/age of 60 years enabling him to purchase sustainable annuity.  The request for withdrawal should be sent along with relevant document through the Nodal Office/POP/Aggregator to Central Record Keeping Agency for processing of the withdrawal claim.  Source: www.pfrda.org.in [http://www.pfrda.org.in/writereaddata/linkimages/Exposure%20Draft%20withdrawal.pdf]

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CONGRATULATIONS      CONGRATULATIONS      
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TODAY ON 17/01/2014, CAT MUMBAI (BENCH NAGPUR) HAS ISSUED DIRECTIVES TO GENERAL MANAGER, ORDNANCE FACTORY CHANDA TO CONSIDER THE REPRESENTATION FOR STOPPAGE OF DEPUTING THE MEMBERS OF AIANGOS ON ESCORT DUTY AGAINST OA NO.2170/2013. IT HAS ALSO BEEN DIRECTED THAT GENERAL MANAGER, ORDNANCE FACTORY CHANDA WILL ISSUE A DETAILED ORDER AFTER DISCUSSION WITH SECRETARY AIANGOS WITH IN THE PERIOD OF 6 WEEKS.

LONG LIVE AIANGOS,
UNITY IS OUR STRENGTH,

ANUJIT KUMAR KULSHRESTHA
SECRETARY/O.F.CHANDA BRANCH &
CE MEMBER/ CENTRAL ZONE

TRANSFER POLICY FOR GROUP B OFFICERS OF ORDNANCE FACTORIES

TRANSFER POLICY FOR GROUP B OFFICERS OF ORDNANCE FACTORIES

No I00/MISC/POLICY/AN
Govt. of India
Ministry of Defence,
Ordnance Factory Board,
10A S.K. Bose Road
Kolkata -700001
Dated-23rd December, 2013

To
All Sr. General Manager / General Manager /
Head of Establishment Ordnance and Ordnance Equipment Factories

Sub : Transfer Policy for deployment of Group 'B' Gazetted officers of Ordnance Factories Organisation.

As approved by O.F.Board. Transfer Policy for JWM, Sr. PS & PS is hereby circulated for information of all concerned. A copy of the same enclosed herewith an Annexure.

sd/-
(B.B.Dash)
Director /NG
For Director General, Ordnance Factories

Transfer Policy for JWM, Sr PS, PS.

1. Objectives :

To ensure reasonable tenure that promotes core competencies and domain knowledge.

To enable exposure to new areas of work and encourage second and third line of experts.

To accommodate genuine problems and difficulties of the officers in a transparent manner.

2. Transfer on Functional Grounds.

Generally, JWM should work in the factory continuously for a period of 10 years unless it is required to transfer on functional & ground. As far as possible, JWM / Tech (Except Civil) may be considered for transfer in the same technology group of factories. JWM / Civil, JWM / NT, Sr. PS / PS can be considered across the technology groups but in nearby stations to the extent possible.

If a JWM has less than 5 years service left, he should not be considered for transfer, unless there is a request or administrative exigency, which may be recorded.

Transfers should be delinked from promotions.

Based  on the projected requirement from factories/units/OFBHQ, a circular should be issued twice in a year i.e. in January and July calling for applications indicating preference for posting. 

Transfers may be considered normally twice in a year, as on 1st April and 1st October.

3. Request Transfers.

Request for transfer from employees suffering from terminal ailments shall be given priority.

While considering other requests for transfer, GOI instructions on spouse cases physically challenged, mentally challenged family members etc. well be followed.

The officer should complete at least 3 years tenure in a particular station, before his request for transfer can be considered.

All the request cases for transfer to factories having functional requirement may be accommodated, before considering others for transfer on functional grounds.

All request transfers in cases of less than 10 years stay except that at point no.1 above will be ordered in own interest.

4. Standing Committee for posting / transfer

A Standing Committee comprising the following shall consider all cases of transfer including request transfer and give specific recommendation for approval of the competent authority. 

Composition of the Standing Committee: 

(i) Member / Per - Chairman 

(ii) DDGS of all Operating Divisions - Members 

(iii) DDG/IR - Member Secretary

5. Competent Authority

Based on the recommendation of the Standing Committee, all transfers whether on functional ground or on request will be issued, with the approval of DGOF & Chairman, OFB. 

Notwithstanding above, DGOF & Chairman, OFB reserves the right to order or to refuse any transfer on administrative and functional grounds. 

All the requests for transfer (other than those suffering from terminal ailments) should be considered by determining their relative merit on point score for different grounds of compassion.

The point score for grounds of compassion will be as under :

Sl.No.	Grounds	Point Score
Grounds of Compassion
1.	Major illness of the employee or dependent family members on the recommendation of the CMO of Factory / Unit Hospitals	15
2.	Settlement of daughters marriage	15
3.	Final settlement at native place within last 3 years of service	15
4.	Posting of Husband 8 wife not in the same station	1 5
5.	Stay at hard station for more than 10 years	15
6.	Stay at hard station for more than 5 years	10
7.	Children’s Education (10th to 12th)	10
8.	Looking after Parents / dependent brother or Sister	5

Note:
Points assigned to the above grounds /criteria will be assumed up to obtain the total score point regarding an applicant and ranking / priority will be decided based on that.

In case of same score points obtained by two or more applicants, individual elder in age will be given priority.

List of hard stations:

1. OFBOL.
2. OFIT
3. OFV
4. OFBH
5. OFPM
6. OEFHZ
7. OFCH
8. OFPN

The requests for transfer would be accommodated to the extent of vacancies. For example, If three vacancies are there in one station and there are seven requests for transfer to that station, the three cases having highest point score may be considered for posting.

CONSOLIDATED INSTRUCTIONS ON TECHNICAL RESIGNATION & LIEN REGARDING

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