New Pension System : Status of subscribers of NPS as on 10th November, 2012
Implementation of
NPS
PIB
The New Pension System (NPS) has been
implemented for various sectors like Central Government, State Government,
Private Sector and NPS-Life. The status of NPS in these sectors as on 10th
November, 2012 is as under:-
The number of subscribers is increasing every
year in all the sectors.
| Sector | No. of Subscribers (Figures in lakhs) | Assets under Management (Rs. In crores) |
|---|---|---|
| Central Government | 10.62 | 14,846 |
| State Government | 14.67 | 7,445 |
| Private Sector | 1.64 | 835 |
| NPS-Life | 13.05 | 344 |
| Total | 39.98 | 23,470 |
There is no proposal to increase the monthly
contribution of subscribers by the Government. The Government provides matching
contribution for the Central Government employees who are covered under the NPS
scheme. In case of NPS Swavalamban accounts, Rs. 1000/- per annum is being
contributed by the Government.
NPS Trust consisting of professionals with
expertise in the field of Investment and Asset Management has been constituted.
The NPS Trust regularly monitors the performance of the Pension Funder Managers
(PFMs) appointed by Pension Fund Regulatory & Development Authority
(PFRDA). PFMs manage the investments of subscribers of NPS in conformity with
the Investment Management guidelines prescribed by the NPS Trust.
This information was given by the Minister of
State for Finance, Shri Namo Narain Meena in written reply to a question in
Lok Sabha today.
PIB
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