May 4, 2012

Withdrawal of the present pension system in Kerala-Pranab wrote letter to Kerala CM

Tvm. central finance minister pranab Mukherjee wrote letter to kerala cm to rplace the existing pension system in kerala with national pension system.In the letter pranab said that the PFRDA was set up in 2004 to manage NPS which is the mandatory pension scheme for all central govt employees joining after 01/01/2004. The NPS has also been adopted by a most state govts and UTs.He added that Kerala is the only three states which have not notified NPS

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