NPS : Compensation for Non-deposit or delayed deposit of Contributions
No.F.9(1)(211)-FIN(E)/2013/PART-II/15044-15173
GOVERNMENT OF TRIPURA
FINANCE DEPARTMENT
(ESTABLISHMENT BRANCH)
Dated, Agartala, the 15th January, 2021
MEMORANDUM
The undersigned is directed to inform all concerned that the State Government in the Finance Department has adopted the following provisions of the Gazette Notification vide F.No.1/3/2016-PR dated 31.01.2019 issued by the Department of Financial Services under Ministry of Finance, Government of India.
Compensation for Non-deposit or delayed deposit of Contributions:
1. In all cases, where the NPS contributions were deducted from the salary of the Government employee but the amount was not remitted to CRA system (Central Record Keeping Agency) or was remitted late, the amount may be credited to the NPS account of the employee along with interest for the period from the date on which the deductions were made till the date the amount was credited to the NPS account of the employee, as per the rates applicable to GPF from time to time, compounded annually.
2. In all cases, where the Government contributions were not remitted to CRA system or were remitted late (irrespective whether the employee contributions were deducted or not), the amount of Government contributions may be credited to the NPS account of the employee along with interest for the period from the date on which the Government contributions were due till the date the amount is actually credited to the NPS account of the employee, as per the rates applicable to GPF from time to time.
(A. Sarkar)
Joint Secretary, Finance
(State Nodal Officer, NPS)
Government of Tripura
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