Implementation of

National Pension System (NPS)

in
Government of Odisha

NPS Cell
Directorate of Treasuries & Inspection
Dt.02.04.2018
 Journey of NPS Implementation
 Delay in uploading
Delay in resolving Grievances
Period relates to
IFM
A.G.(O) & CoA declared as
Fund Managers
10898 employees were
Registered
Migrated to Centralised PFRDA
Architecture
Adopted the PFRDA guided
NPS Architecture after
necessary agreement
 DT&I(O) declared as Nodal
Agency for NPS Implementation
in the state.
De-centralised uploading of
monthly NPS contributions from
38 Nodal Offices (DTOs)
Constitution of NPS
Cell at DTI
Monthly contribution
uploading centrally from
NPS cell
Subscriber Record
maintenance at the level
of DTOs/ DTI
Drawal of matching
Govt contribution
centrally from Dist.
Treasury, Khurda.
 Implementation of NPS in the state

Finance
Department

Directorate of Centralized uploading of NPS

contributions to CRA- NSDL
Treasuries and
Inspection (O) NPS Cell of DTI
(DTA)
District & Special Treasuries
(DTOs) IFMS Provides the NPS contributions
IFMS Data centrally to NPS Cell
District Treasury 30
Sub Treasury 127
Special Treasury 8
Monthly Accounts Submission to A.G.
by DTOs
Drawing & Disbursing Officers (DDOs)
Number of Registered DDOs 7899

Treasury Officers pass the Bill with NPS

schedule capture in IFMS

Number of Registered Subscriber 1.31Lakh

Submit salary bills to treasuries
Through Online in IFMS
DDOs (6713)
08-12-2019 3
 NPS in Brief.
 A replacement to existing Pension system stipulated by Orissa Civil
Services Pension Rule-1992

 Regulated by PFRDA Act-2013

 Mandatory for State Government Employees who have joined on or

after 1st Jan, 2005 in regular pensionable establishment.

 Also applicable to Contractual Employees (Restrictions)

 A Defined Contribution system.

 Unique and Portable PRAN

 Tire-I & Tire –II accounts

 Investment in secured fund by PFMs.

 Annuity at Retirement & pension from IRDA regulatory entities.

 NPS in Brief.
• Tax Benefits :Benefits available for employee‟s own contribution
under Section 80 CCD(1) ( upto 1.50 lacs) , and exclusive benefit
over and above 1.5 L limit under sec 80 CCD(1B) up to 50L , for
employer‟s contribution under 80 CCD(2) (10% of salary without any
monetary limit) as per relevant sections of Income Tax Act 1961
• Tier-I & Tier-II Accounts:
 Annuitisation & Withdrawal

WITHDRAWAL TYPE ANNUITY PURCHASE LUMPSUM REFUND

UPON EXIT
1. Normal Superannuation Minimum 40% of Balance (Max 60%)
Accrued Pension wealth
2. Death in Service Minimum 80% of Balance (Max 20%)
Accrued Pension wealth

3. Before Superannuation / Minimum 80% of Balance (Max 20%)

Resignation Accrued Pension wealth
WITHDRAWAL DURING After 10 years contribution
SERVICE Part withdrawal (Max 25% of own contribution)

Annuitisation is not mandatory when Pension Wealth is

less than 2 Lakh (In case of Normal Superannuation)
and 1 Lakh (In case of Death)
 Entities in NPS

PFRDA Trustee Bank

PFM
Subscribers

Nodal Offices
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ASP
 NPS Architecture

PFRDA

DTA/DT&I NPS TRUST

TRUSTEE CUSTODIAN
Fund Flow
DTO BANK (AXIS) (SHCIL)
Information
Flow
NAV

NPSCAN PFM
CRA
DDO (NSDL) (SBI, UTI,LIC)

SUBSCRIBER ANNUITY SERVICE

OVER INTERNET PROVIDER
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 Subscriber Registration process flow

Subscriber
1. Submission of 9. PRAN kit
Form 2. Verification of details, provide employment
details, Consolidation and Submission

DDO
DDOs DTO
8. DDO packets 3. Submission of
forms

DTA/DT&I
4. Generate PRN
and/or Rejection
Letter

CRA 5. Scanning & digitization of Forms

CRA-FC
6. Verification through FVU and Upload

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 Monthly NPS Contribution Uploading

Try. Drawal
DDOs
NPS Contributions BT to HoA-
8342 during passing of Salary File
File
Bill at Treasury Validation
Preparation
Utility (FVU)
Generation of Utility (FPU)
contribution file
in xls from Prepare
IFMS Prepare
the validated
the File
Submission of NPS Contribution File
files through online mode to
IFMS with fund transfer

Non-Try. Drawal
DDOs

Fund Transfer to Login & Upload

Print CSF in NPSCAN
Trustee Bank

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 Integration of IFMS with Server of NSDL

 Objective:
 To minimize the delay in uploading of monthly NPS
contribution.
 Online PRAN generation.

 Govt. in F.D. have accord approval for uploading

prior to closure of the Accounts by Treasuries.
 Cont. uploading is now done on weekly basis w.e.f.
1st April’2017
 NPS-ESS Module is under development stage.

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 NPS Cell , DT&I
 Responsibility of NPS Cell
 To upload NPS details to CRA
 Drawal of Subscriber Contributions
 Drawal of Government Matching Contributions from “2071-01-117-
1766-42007-820-0-1-0
 Transfer of fund to Trustee Bank
 Forward the CSRFs to CRA-FC after due system approval
 Settlement of Missing Credits
 Settlement & Monitoring of Grievances
 Approval of Arrear NPS & request for updations
 Training to SABs for NPS implementation

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 Role of Treasury Officer (Dist. /Spl. )

 To forward the CSRFs to NPS CELL, DTI after due system Approval.

 Approve for deduction of Arrear NPS (Within 12 Instalments)

 Ensure the deduction of NPS contribution from salary of the

employee

 Verify & Approve Withdrawal claims

 Honour the request for updation of subscribers detail

 Resolve the Grievances lodged in CGMS of CRA

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 Role of DDO
 Acts as interface between Subscriber & Treasury

 Timely Registration of Newly joined Employee under NPS

 Timely Deduction of monthly Regular Contributions

 Forwarding Requests of Subscribers to Treasury

 Verify Withdrawal Applications and to forward to Try.

 Intimate the Missing Credits of Subscribers to Treasury

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 Role of CRA

Registration of Nodal Offices in the CRA system

SMS & Email Alert for
 Issuance of unique PRAN to Subscribers PRAN generation and
Credit of contribution
 Contribution Accounting amount

 Issuance of annual PRAN Transaction Statement

 Providing regular MIS to PFRDA and other entities such as SABs

 Grievance Resolution

 Dashboard for PFRDA & State Government

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 Footprint at National level

 Best State - “Subscriber Record Maintenance’’

Award for 2016 by PFRDA, New Delhi

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 Status as on Today & Issues

 Updated Status
 Issues:
 Delay in generation of PRAN
 PRANs having NIL credits
 %age coverage is below 100
 Uploading prior to closing of Accounts needs Monthly
Reconciliation
 Quick disposal of Withdrawal cases

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 The way Ahead…

 Online Registration of Employee

(NPS- ESS Module of IFMS-Odisha)

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Thank You

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