National Pension System (for employees joining after 2004)

URI: https://gptkb.org/entity/National_Pension_System_(for_employees_joining_after_2004)
GPTKB entity
Statements (28)
Predicate Object
gptkbp:instanceOf pension scheme
gptkbp:administeredBy gptkb:Pension_Fund_Regulatory_and_Development_Authority
gptkbp:appliesTo private sector employees
Central Government employees
State Government employees
autonomous body employees
gptkbp:benefit gptkb:Section_80CCD_of_Income_Tax_Act
gptkbp:contribution defined contribution
gptkbp:country gptkb:India
gptkbp:employeeContribution 10% of basic pay plus DA
gptkbp:employerContribution 10% of basic pay plus DA
gptkbp:exitOptions annuity purchase
lump sum withdrawal
https://www.w3.org/2000/01/rdf-schema#label National Pension System (for employees joining after 2004)
gptkbp:introduced gptkb:Government_of_India
gptkbp:introducedIn 2004
gptkbp:investedIn gptkb:Corporate_Bonds
gptkb:Government_Securities
Equity
gptkbp:partialWithdrawal allowed under certain conditions
gptkbp:pensionFundManagers multiple authorized managers
gptkbp:portable across jobs and locations
gptkbp:regulates gptkb:PFRDA_Act,_2013
gptkbp:replacedBy gptkb:Old_Pension_Scheme
gptkbp:requires Central Government employees (except armed forces) joining on or after 1 January 2004
gptkbp:withdrawalAge 60 years
gptkbp:bfsParent gptkb:Central_Government_Employees_Family_Pension_Scheme
gptkbp:bfsLayer 7