CPS RULES, GOs & Forms

 

CPS Contributory Pension Scheme in AP and Telangana States: 

The New Pension Scheme was started by the Central Government from 1-1-2004 and by the A.P State Government from 1-9-2004 and it is called as CPS (Contributory Pension Scheme).

1. Those who appointed in the joining Government service on or after 1-9-2004 have to come under the New Pension Scheme.(GO Ms No:653 Fin (Pen.I) Dept, Dt.22.9.2004) CPS  in both Telangana and the Andhra Pradesh States

2. 10%of basic pay and DA is treated as contributory pension and rounded to the nearest rupee.

3. The deduction of 10% contribution from the salary of an employee is purely responsible for Drawing and Disbursing Officer(HM’s/MEO).

4. 10% amount deducted from the salary(B.Pay+DA).

5. The Government will add the same amount to their Contributory Pension Scheme Accounts (CPS accounts called PRAN).

6. Drawing Officer should annexure the schedule to the salary bill which is submitted to the treasury.

7. The number which is allotted by the CRA should be entered in the SR of the individual.

8. Concerned DTOs would give the annual slips of CPS .

9. The employees who are eligible for this scheme, should not apply for ZPPF/GPF.

STRUCTURE OF CPS Contributory Pension Scheme:

1. Under NPS, each subscriber would be allotted a unique 16 digit Permanent Retirement Account Number (PRAN).

2. This number would be portable. The records of transactions and investor would be maintained by a central record-keeping agency (CRA).

3. At present, NSDL is the CRA and in future, the number of CRA would be increased.

4. The subscriber has an option to invest with seven Pension Fund Manager (PFM).

5.  He also has the option to choose any one or multiple PFM to manage his contribution.

6.  These PFM will have 3 Kind of funds categorized as E for Equity fund, G for fund investing in Government Securities and C for Fixed income securities other than Government Securities.

INVESTMENT STRATEGY:

The Complete details of the CPS Scheme and the investment strategy as follows

1. At present, there is only one default scheme for Tier I for Government employees.

2. In the default scheme, the contribution is allocated to three Pension Fund Managers (PFM)

a)SBI Pension Funds Private Limited.

b)UTI Retirement Solutions Limited.

c)LIC Pension Fund Limited.

3. On 25-05- 2012, Government has revised the allocation ratio of funds (contribution remitted by the DTA/DTOs) from 31:35.5:33.5 to 35:31:34  for the three PFMs – SBI, UTI and LIC respectively.

4. On 15-05- 2013, Government has revised the allocation ratio of funds (Contribution remitted by the DTA/ DTOs) from 35:31:34 to 33:34:33 for the three PFMs – SBI, UTI and LIC respectively.

5. At present the  allocation of funds to three PFMs is as follows

a) LIC Pension Fund 33%

b) SBI Pension Funds Pvt Ltd 33%

c) UTI Retirement Solutions 34%

6. Each of the PFMs will invest the funds in the proportion of upto 55% in Government securities, upto 40% in Debt securities, upto 15% in Equity and upto 5% in Money Market instruments.

NEW PENSION SCHEME – MAINTAINANCE AGENCY:

1. State Government has entered into an agreement with N S D L (National Security Depositories Limited), Bombay to maintain PRAN accounts as Central Record Keeping Agency (CRA). Now, all the employees coming under the C P S (Contributory Pension Scheme) have to apply for  PRAN (Permanent Retirement Account Number)allotted & maintained by NSDL, Bombay.

2. For this, NSDL has appointed KARVY  Consultants as Facility Centres,

3.  There are two Facility Centres

i) at Hyderabad and

ii) at Visakhapatnam.

4. Address of Karvy at Hyderabad and Visakhapatnam.

i) Address of Karvy Consultants Hyderabad:

HYDERABAD – KARVY CENTRE

KARVY CENTRE,

8-2-609/K, Road #10, Banjara Hills

HYDERABAD

Telangana State

India

PIN CODE: 500034

PHONE :

STD CODE 040

040-23312454

EMAIL: mailmanager@karvy.com

CONTRIBUTORY PENSION SCHEME (CPS) CREDIT HEAD OF ACCOUNTS

Head of Account Andhra Pradesh& Telangana State Govt.Employees

8342 Other Deposits

117-Defined Contribution Pension Scheme for Govt.Employees.

04-State Govt.Employees Contributory Pension Scheme.

001 – Employees Contribution.

N-V-N

• drawal of funds in case of employees who died or retired or resigned G.O.Ms.No. 24 Dated: 20-03-2019 click here

• Partial withdrawal of accumulated pension of the subscriber- Procedural guidelines/ Instructions-Circular Memo No. Dl/4082/2018, Dt:08.11.2018.click here

• Transferring of CPS Amounts in to GPF Account GO.336 Dt.20-12-12 click here

• Memo.4966 CPS-IR & PRC Arrears paid in cash click here

• Memo.2557 Dt.20.02.2013 Updation of CPS Subscriptions from DOJ click here

• GO.Ms.54 Dt.13.03.2013 NPS Errata Instructions click here

• GO 250 CPS Implementation NPS in the  State click here

• GO.Ms.250 dt 06.09.2012 DDOs are Responsible for CPS entries click here

• Sanction of Rs.10.00 Crores [Rupees Ten Crores only] as Additional Funds towards matching Contribution by the State Government,G.O.Rt.No. 538 Dated: 16.02.2013. click here

• CPS_MemoNo.D210393,dt.10.11.08 subscriber registration instructions click here

• CPS_MemoNo.16047dt.25.2.10 instructions to DDOs click here

• CPS_MemoNo.16047,dt.26.10.09,  instructions to DDOs click here

• Payment of interest @ 8% per annum on the CPS contributions of the employees and matching contributions of the Government for the legacy period from 01-09-2004 to 31-03-2011,G.O.Ms.No. 226 Dated: 29.09.2011 click here

CPS-Instructions to Upload Contributions of Subscriber & Govt Matching Grant GO.196, Dt.24-7-12 click here

• S12-Withdrawal Form Tier II click here

• S10_Subscriber_Registration_Form_Tier-II click here

• GoS_S3_Scheme_Preference_Change_Form_1.4 click here

• PAN & Aadhaar Updation Form click here

• S2-Subscriber_Details_Change. click here

• Inter_Sector_Shifting(ISS)Form-Bank_detail_as_per_CSRF_1.4 click here

• S8-DDO-Covering-letter-for-change-in-signature-or-photograph click here

• NPS_Continuation_Deferment_2.0 click here

• Partial_Withdrawal_form-for-Tier-I-account-under-NPS click here

• Certification of death certificate if received in Vernacular Language click here

• Certificate for IRA compliance click here

• NOC for Family Pension_Annexure NOC_D click here

•  Complete Withdrawal Request Form GD click here

• Exit_from_National_Pension_System_Due_to_Premature_Exit_form click here

• Exit_from_National_pension_System_Due_to_Superannuation_and_Incapacitation click here

• S6_PAO-covering-letter-for-subscriber-registration1 click here

• Family_Disability_Pension_Withdrawal_Form click here

• S5_DDO-Covering-letter-for-subs-registration1 click here

• Annexure III Additional Nomination Details click here

• Annexure II Additional Request Details click here

• CSRF Subscriber Registration Form click here

• Annexure I Tier II Details click here

• Annexure_NE-5_Form_to_update_BankDetails click here

• N4_PAO-Covering-letter-for-DDO-registration1 click here

• Form-N3-DDO-Registration_NOR click here

• Form-N2-DTO-Registration_NOR click here

• Form-N1-DTA-Registration_NOR click here

• Annexure B_Doc  to be attached to Withdrawal click here

• 401_CPS_Additional Nominee Form click here

• 102_CPS_Premature Withdrawal Form click here

• S1_PRAN APPLICATION click here

N3-DDO REGISTRATION FORM click here