CONTRIBUTORY PENSION SCHEME (CPS). Employees (Teachers) who got recruitment on or after 01.09.2004 have to come under the New Contributory Pension Scheme CPS in both Telangana and Andhra Pradesh States. In this CPS Scheme employees have to deduct 10% of their Basic Pay & D.A towards their contribution and Government will add the same amount to their Contributory Pension Scheme Accounts (CPS acounts called PRAN). The Complete details of the CPS Scheme and the investment strategy is presented by apteachers.in is as follows::
Useful Detailed Information:
CPS and "PRAN Number" Allotment Forms (Forms for New CPS Subcribers):
CPS PRAN Modification Forms (For Already Registered Subscribers)
Online Links Useful for CPS/PRAN
Government Orders on CPS Scheme
- At present, there is only one default scheme for Tier I for Government employees. In the default scheme, the contribution is allocated to three PFMs, viz. SBI Pension Funds Private Limited, UTI Retirement Solutions Limited and LIC Pension Fund Limited in a predefined proportion. At present the allocation of funds to three PFMs is as follows: LIC Pension Fund 33%, SBI Pension Funds Pvt Ltd 33%, UTI Retirement Solutions 34%.
- Previousely On May 15, 2013, Government has revised the allocation ratio of funds (Contribution remitted by the DTA/ DTOs) from 35:31:34 to 33:34:33 for the three PFMs - SBI, UTI and LIC respectively. On May 25, 2012, Government has revised the allocation ratio of funds (contribution remitted by the DTA/DTOs) from 31:35.5:33.5 to 35:31:34 for the three PFMs - SBI, UTI and LIC respectively.
- Each of the PFMs will invest the funds in the proportion of upto 55% in Government securities, upto 40% in Debt securities, upto 15% in Equity and upto 5% in Money Market instruments.
Contributory Pension Scheme-CPS and PRAN Complete Details
Address of Karvy Consultants Hyderabad: HYDERABAD - KARVY CENTRE KARVY CENTRE, 8-2-609/K, Road #10, Banjara Hills HYDERABAD Andhra Pradesh India PIN CODE: 500034 PHONE : STD CODE 040 040-23312454 EMAIL : mailmanager@karvy.com | Address of Karvy Consultants - Visakhapatnam: VISHAKAPATNAM 47-14-4, ESWAR PARADISE, DWARAKA NAGAR MAIN ROAD VISHAKAPATNAM Andhra Pradesh INDIA PIN CODE: 530 016 PHONE : STD CODE : 0891-2752915 to 18 EMAIL : ksblvizag@karvy.com |
Useful Detailed Information:
- GO.62-CPS-Withdrawal Procedure and process for State Govt CPS Employees (New)
- What is New Pension Scheme : Tier-1 Account and Benefits of CPS
- CPS Withdrawal Forms and Documents-Click Here
- New Proposed Withdrawal Process in New Pension Scheme (CPS)
- PFRDA Act 2013 -Pension Fund Regulatory and Development Authority Act
- ALL DDO's Registration Numbers working under a STO
CPS and "PRAN Number" Allotment Forms (Forms for New CPS Subcribers):
- S-1 Application for Allotment of PRAN -Click Here
- S-5 DDO Covering Letter for PRAN Application -Click Here
- S-6- Treasury Officer (STO) Covering Letter- Click Here
- N-3 New DDO Registration Form- Click Here
CPS PRAN Modification Forms (For Already Registered Subscribers)
- S-2 PRAN Subscribers Details Changing Form -Click Here
- S-7 Subscribers Photo and Signature Changing Form-Click Here
- S8 - DDO Covering Letter for CPS Changing (Modification) Forms-Click Here
Online Links Useful for CPS/PRAN
- CPS Subscribers Login Using their User ID and Password-Click Here
- New Pension Scheme (NPS) Official Website-Click Here
- Have you applied for PRAN Number-Then Track the Status of PRAN Allotment Using your Acknowledge Number given at the time of Registration-Click Here
- Track the IRA Status of PRAN Using Your Treasury ID Click Here
- Latest Fund Values of CPS-Click Here