The Department of Pensions and Pensioners’ Welfare (DoPPW) continues to work actively for the welfare of Central Government pensioners, including those who are part of the National Pension System (NPS).
As part of this effort, a review meeting was held on April 16, 2025, to check the progress of setting up NPS Oversight Mechanisms in various government departments. This was the third such meeting, and it was chaired by Shri V. Srinivas, Secretary (Pension). The meeting included Financial Advisors and Nodal Officers from 11 different Ministries and Departments, along with representatives from Protean, the technology partner that helps manage NPS operations.
Focus of the Meeting
During the meeting, the main topic of discussion was the timely deposit of NPS contributions. This includes both:
- The amount deducted from employees’ salaries, and
- The matching contribution made by the Central Government.
The Secretary highlighted how important it is to credit these amounts on time into the NPS system. Delays can lead to financial and emotional stress for employees, especially when planning their retirement.
The meeting also focused on solving grievances raised by employees who are covered under NPS.
Steps Taken to Improve NPS Monitoring
To improve the system, all Ministries and Departments were asked to:
- Set up an NPS Oversight Committee in their departments.
- Hold regular meetings of the committee.
- Submit reports every six months about the status of NPS implementation.
- Ensure the timely generation of PRANs (Permanent Retirement Account Numbers) for new employees.
- Transfer monthly contributions without delay.
Launch of Online Portal for Report Submission
To make monitoring easier and more transparent, the Department of Pensions has launched a dedicated online portal:
Departments can now submit their six-monthly reports online through this portal, which helps track the overall performance and ensures better compliance.
