Clarification regarding rule position for payment of gratuity to the employees covered under New Pension Scheme

Clarification regarding rule position for payment of gratuity to the employees covered under New Pension Scheme
Gratuity To The Employees Covered Under New Pension Scheme

No.7/2/2013-P&PW(F)
Government of India
Ministry of Personnel, PG & Pensions
Department of Pension &Pensioners Welfare
(Desk-F)

3rd Floor, Lok Nayak Bhavan,
NewDelhi- 10003
Dated the 15th October,2013

Office Memorandum

Subject: Clarification regarding rule position for payment of gratuity to the employees covered under New Pension Scheme

Govt gets pension regulator to quit

NEW DELHI: Weeks after the passage of the pension bill, the sector regulatory body chief Yogesh Agarwal on Wednesday put in his papers which he said was under instructions from the government, making it a rare case of a regulator being asked to step down.

"Yes, I have resigned. I was asked to put in my papers," Agarwal told TOI, but declined to comment on the reasons for his departure. The banker-turned-regulator has stepped down around one-and-a-half years before his five-year term was due to end. Finance ministry officials, however, said Agarwal had submitted his resignation, saying that he opted to put in his papers since the government was setting up a statutory body under the recently-enacted Pension Fund Regulatory & Development Authority Act. There was speculation that Agarwal had quit as the government did not involve him in the selection of PFRDA members.