Government of Chhattisgarh Finance Department Mantralaya, Mahanadi Bhawan Atal Nagar, Nawa Raipur - 492002 No. 41.0.4 S/B-4/Fin/2022 Date:2905/2022 To, Chairperson Pension Fund Regulatory and Development Authority B-14/A, Chatrapati Shivaji Bhawan Qutub Institutional Area, Katawaria Sarai New Delhi — 110016 Subject: Withdrawal of contributions made under New Pension Scheme by Government of Chhattisgarh Dear Sir, Government of Chhattisgarh has recently announced reinstatement of Old Pension Scheme with effect from I* November 2004 in place of New Contributory Pension Scheme, for all the employees appointed in the pensionable establishment of the state government on or after 1 November 2004. 2. The State Cabinet in its meeting dated 1* May 2022 has approved this decision. Gazette Notification issued by State Government for reinstatement of Old Pension Scheme is enclosed herewith for your kind perusal. (Annexure A) 3. Monthly contributions of employer and employee share into NPS accounts of employees of the state have been discontinued from 1 April 2022. 4, A new GPF (General Provident Fund) account for each employee registered with NPS has been opened by the State Government. A minimum of 12% of the basic pay will be deducted from the salary of government employees as per the General Provident Fund rule and will be deposited into Chhattisgarh General Provident Fund accounts of government employees. 5, The current market value of the amount of government contribution made into NPS accounts, to be received from NSDL, will be used to meet future pension liabilities and will be kept in separate Pension Fund under the Public Account of the State Government. In addition, an amount equal to 4 percent of the pension liabilities of the previous financial year will be invested by the State Government in this pension fund every financial year. 6, The principal amount contributed by employees into their NPS accounts will be transferred to the Chhattisgarh General Provident Fund account of the employees and interest will be payable on it, w.e.f. 01.11.2004, as per the interest related instructions released by the State Govemment from time to time under the rules of Chhattisgarh General Provident Fund.The difference in current market value of the employee contribution made to NPS and principal amount contributed by employees will be used to credit interest payable to General Provident Fund accounts of the employees. 7. As per the data available with Government of Chhattisgarh, an amount of INR 11,850 crores (employee and employer contribution) has been transferred to NSDL during the period from 1* November 2004 to 31“ March 2022 by the State Government. As per the information received from NSDL, the current market value of this amount is approx. 17,240 crores. 8. PFRDA is requested to kindly release the current market value of the total amount contributed by the state (employer and employee share combined) to NSDL back to the Government of Chhattisgarh so that the State Government can commence the process of transfer of the amount to the Pension Fund under Public Accounts of the State Government and Chhattisgarh General Provident Fund accounts of the employees as mentioned above and detailed out in the draft circular enclosed along with this letter. You are requested kindly to make it convenient to do the needful at the earliest. a (Alarmelmangai D) Secretary Government of Chhattisgarh Finance Department Encl. as above. Endt. No. L046 /B-4/Fin/2022 Date:20/05/2022 Copy to: ; : ; 1. Secretary, Department of Financial Services, Ministry of Finance, Government of India, 3rd Floor, Jeevan Deep Building Parliament Street, New Delhi - 110001 (Alarmeimangai D) Secretary Government of Chhattisgarh Finance Department“ae a rs sare apa (Re zr fre) rot Rg signe. wai oh2-22- ae / 38. @. fiend, Fei 30-05-2001. isto aa “aesterre /g/09 2013-2015,” wis 341 ] aR, gua, ais 11 WE 2022— Aare 21, 96 1944 face frart Hae, ABMa) Aa, Fa WAR Hee AA wea amy, feria 11 Hg 2022 oft wri Wo 2016~-04-02280 /R/P/AR— ana ear } sigwe soo & Wes ERI ERT cafe at weit a are ge, ahs TouTe, Yacere, aE oft skrerr amet ders ator, oH ara ere A weer RAT wat 97 / A761 /19./ PR. aR/ 04, Fetes 27 TARR, 2004 ERT ‘arom ares & de aa weet H PRafa o1—11—2o0e sera eI Te Paget wR Aenea fea ary og A, er we get tet Ghar ders we 8, TT sitar a Braver Peargare Rar sr — 4. 7a sige Gert ator & wa wy PRaie 01-11-2004 F ger ert ator wt aera fear une @ 2. ada siren tes ator & oferha erat Saat Saar SA oT we 10 wer me arirert BH wehdh, Reaies ot-o4~—2002 8 weer ah ach wer waa wer PR Pra Sepa Aw Bart (GRE) ar A 12 fers weld a oA 3.744 afer tert ahora & aieciay Pagar we Urata Saat wr otters STAT Rey PR ear, Ercan rater} wer Ww Res fT Peta Y eererarea, we, Bar od det Boe (SM Saree, Her Ge ite AA A eer ara aw) rT] 4. Berens ary afte PR aa S Get wd dea S eels GET anlar |e eg gus a warerrea, tera ud fas A Bt were HT oT 5. Caste wre errata oferert qd oa safer arora A wt, fey Arse arf & yraa tq ate 8a S sieht gaw AA A var orem we afta, a af dead afc a tres aera aa, Gera Pa Peer A TEA 6. rete Saat steers A aT A TAT ah, ates ATT af PHT Te A ofa ra TEM Ud Ge Te, esi o1-11—2008 B wears saraT-a wer PARA Pratt ab afer ToT UL BRT BART Oe MET war Se walt Pret org, eA wr TOT fre TAT 7. Resi 01-11-2008 @ ger dart thor oT, AY S Rese & me taPige/ Te steal sat AoA, gaat ders ator & aged oe unre dae /aftart ot PeargaR amt ta aim 8 erate daa, Perret ahs sierersh ders ahora A ePrgfer suet Serer eT682 ‘wretterng cares, Peis 11 Rf 2022 dao 3 ay o sat A oad ote a dahght am me a Ge tM cow Fe Bon Guar) agen tor ar Bere cad) Rey_Rer qua ford Rn | ait 8 ae ite ere ee en a en ee ae \ 9. a8 ofa de adorn dee we ge ders ahora aera eet ae weal er Pree Ge ara sigur afar, Rear for ERT aA STE | patkerg & roauret & a @ ae sTeMTAT, Atal Nagar, the 11th May 2022 NOTIFICATION No.F-2016-04-03289.—_In exercise of the powers conferred by the proviso to Article 309 of the Constitution of India, the Governor of Chhattisgarh, hereby, reinstates old pension scheme in place of a newly defined contribution based pension scheme which was implemented for all the employees appointed in the pensionable establishment of the State Government on or after 1-11-2004, State Government's vide Notification No. 977/C- 761/F/R/04, dated 27th October, 2004, and The scheme will be implemented as follows:- 1, In place of New Contributory Pension Scheme, Old Pension Scheme is reinstated again with effect from 01-11-2004. 2, The 10% deduction for monthly contribution from the salary of government servants under the New Contributory Pension Scheme will be abolished from 01-04-2022 and a minimum of 12 percent of the basic salary (emoluments) will be deducted as per the General Provident Fund rule. 3. Chhattisgarh General Provident Fund Accounts of all government servants appointed under the new Contributory Pension Scheme will be with the Directorate, Treasury, Accounts and Pensions under the control of the Finance Department instead of the Accountant General's office (up to the time of establishment of the new Directorate of Pension and Provident Fund) 4. A separate Directorate, Pension and Provident Fund will be established for maintenance of the Chhattisgarh General Provident Fund Accounts and all works related to Pension. 5. The amount of government contribution received from NSDL and interest earned on it will be kept in a separate fund under the Public Account, in future for the payment of pensionary liabilities and an amount equal to 4 percent of the pensionary liabilities of the previous year will be invested in the pension fund every year. 6. The principal amount of government servant's contribution will be transferred to Chhattisgarh General Provident Fund and interest will be paid from 01-11-2004 as per instructions issued by the State Government from time to time regarding the rate of interest under the Chhattisgarh General Provident Fund Rules. 7, In case of employees who are retired/dead in between the date of implementation of old pension scheme and 01-11-2004, benefits will be payable as per rules to the eligible government servants / families according to the old pension scheme. For ‘such government servants, who have received retirement benefits after retirement in the new Contributory Pension Scheme or in case of death of a government servant to their families, then guidelines will be issued separately to determine the benefit according to the old pension scheme.eter rare, fies 11 2022 682 (1) 8. Detailed guidelines regarding accounting, regulati scheme will be issued separately. ee 9. In place of the new Contributory Per Scheme, thi sion Scheme, the execution of all the works related to restoration of Old Pension Scheme and othe i ae a eee \d other ancillary action will be done By order and in the name of the Governor of Chhattisgarh, ‘ATISH PANDEY, Joint Secretary. reel Tr, Reis 41 HE 2022 SRT Fate ew 2016—o4-02200/PA/AL/AR— ANT ata B PE 209 F Te GNI TERT afte a wor A aT RE Batters B ToT, IRENA, watts fae Frmfetan otte wees aed 8, stute:— bad paar eae van Prat a 4. searaat @ Prom 2 & oo-Paa (1) & gear, Prefer citer ara, artsy — “Q)(@) 3% fram wa wer eee taal, ot Pei o1—11—2008 wat aS TET WHF erat & aida Sarat athe wat oe Pega ford va @ othe ot Gera ates em Fehr @ oe wig @ or oeng, ot ary aT" 2 wana & Prem 2d safer Q) & wos (oh) wr ate far Ta aug ier, Resi 01-11-2008 & are sored BT awn STAT AT wating & aouare & ara & gen sMeUTTAR, adie aida, age 8A, ‘Atal Nagar, the 11th May 2022 ‘NOTIFICATION No-F-2016-04-03289.— In exercise of the powers conferred by the proviso to Article 309 of the Constitution of India, the Governor of Chhatisgarh, hereby, makes the following further amendment in the Chhattisgarh Civil Services (Pension) Rules, 1976, namely:- AMENDMENT In the said rules,- 1, After sub-rule () of rule 2 of Chapter-, the following shall be added, namely - ia) These rules shall apply tall Government Servants appointed on or At O18 1.2004, to Jerviges and posts in connection with the affairs of the State and who are borne on pensionable establishment, whether temporary or permanent.” 2, Clause (g) of sub-rule (i) of rule 2 of Chapter-{ shall be omitted. ‘This amendment shall be deemed to have come into force with retrospective effect from the date of 01-11-2004 By order and in the name ofthe Governor of Chhattisgarh ATISH PANDEY, Joint Secr Sa Ra A HA ITT, TA HHT