Friday 13 October 2017

Guidelines on deferment of lump sum & annuity and continuation of Tier-II accounts under National Pension System

Guidelines on deferment of lump sum & annuity and continuation of Tier-II accounts under National Pension System

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
B-14/A, Chhatrapati Shivaji Bhawan
Qutab Institutional Area,
Katwaria Sarai,New Delhi – 110 016.
Ph:011-26517501,26517503,26133730
Fax:011-26517507
Website:www.pfrda.org.in
CIRCILAR
Circular No.:PFRDA/2017/32/Exit/2
Date: 09.10.2017
To,
All stake holders – Government (Central/State), CABs/SABs/DTO/DTA/CDDO/PRAO/PAO/DDO,NPS Trust,CRA. Points of Presence (PoPs), Retirement Advisers
Subject: Guidelines on deferment of lump sum & annuity and continuation of Tier-II accounts under National Pension System (NPS)
The Authority has notified the PFRDA (Exits and withdrawals from National Pension System) Regulations,2015 on 11th May, 2015 & its first amendment on 10th August 2017 and both are in force. This is in continuation of our circular no-PFRDA/2016/13/Exit/06 dated 27-07-2016 which has provided clarification on various aspectsof continuation of the NPS accounts.
To provide more clarity and better understanding of various provisions of deferment and continuation of Tier-2 accounts as per regulations and operational guidelines we are issuing following guidelines related to deferment of lump sum & annuity and continuation of Tier-2 accounts under NPS:

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