FICCI and PFRDA conduct Multi City Workshops on National Pension System (NPS)
OBJECTIVE These workshops were conducted across India to increase awareness on various aspects of the National Pension System (NPS) and encourage corporates to consider NPS as a key benefit that could be offered to their employees. While bringing out the beneficial aspects of the scheme, these workshops also showcased the experience of other organizations which have successfully adopted the scheme in their organization. 2 Partnership with Member Bodies of FICCI Calcutta Chamber of The Federation of Telangana and Federation of Madhya Pradesh The Southern Gujarat Commerce (CCC) Andhra Pradesh Chambers of Chambers of Commerce and Chamber of Commerce & Commerce and Industry (FTAPCCI) Industry (FMPCCI) Industry (SGCCI)
Glimpses from the workshops Kochi Kolkata November 04, 2016 November 08, 2016 Hyderabad Bhopal November 18, 2016 December 16, 2016 3 Surat Chennai December 19, 2016 December 23, 2016
KEY SPEAKERS Mr Devendra Surana Justice C N Ramachandran Nair Chairman, FICCI Telangana State Council and Chairman, Kerala Pay Revision Commission, Managing Director, Bhagyanagar India Ltd. Govt. of Kerala Mr Deepak L Aswani Mr A G Das Co-Chair, FICCI Kerala State Council and Chief General Manager, Pension Fund Managing Partner, Lachmandas Group, Kochi Regulatory and Development Authority (PFRDA) Mr Dinesh Jain Mr Akhilesh Kumar President, Calcutta Chamber of Commerce and Managing Director, Deputy General Manager, Pension Fund AUM Capital Market Pvt. Ltd. Regulatory and Development Authority (PFRDA) Mr Ravindra Modi Mr Prasenjit Mukherjee President, The Federation of Telangana and Assistant Vice President, Andhra Pradesh Chambers of Commerce and NSDL e-Governance Infrastructure Ltd. 4 Industry (FTAPCCI) and Managing Director, Mr Rambir Dalal Hyderabad Food Products Pvt. Ltd. Director, Provident Funds / Pensions / Social Mr B S Agrawal Security Global Mobility Services, Tax President, The Southern Gujarat Chamber of BSR & Co. LLP Commerce & Industry (SGCCI) and Director, Mr Saurabh Chaturvedi Sabras Construction Pvt. Ltd. Associate Vice President, Dr R S Goswami HDFC Pension Management Company Ltd. Joint President, Federation of Madhya Pradesh Mr Prasad Patil Chambers of Commerce and Industry (FMPCCI) Head – Pension Assets, and CEO, Hind Pharma Way2Wealth Brokers Pvt. Ltd. Mr P V Vasantha Kumar Mr R Ramesh Member- HR & IR Panel, FICCI Tamil Nadu State Team Member- HR, Council and Chief Human Resource Officer, Saint-Gobain India Pvt. Ltd. AVT Group Companies
About National Pension System 1. INTRODUCTION 2. BENEFITS OF NPS • National Pension System (NPS) was initially The NPS brings about the following advantages for introduced for the Central Government the employers and the employees: employees who joined services on or after • Low Cost of operation and investment 01.01.2004. management: The investment cost is very low • NPS was made available to all citizens of India as compared to other investment products voluntarily on 1st May 2009. Later, in order to available in the market. facilitate the organized entities including public • Flexible: The employer can have the option to sector organizations, a customized version of select the investment choice for all its NPS, known as NPS-Corporate Sector Model, Simple employees or may give the option to the was introduced in December 2011. employees. The employees have the option to • NPS-Corporate Model provides a platform for choose from an assortment of asset classes Transparent the employers to extend the old age income (Equity, Corporate Debt & Government Flexible Cost security to their employees and co-contribute Securities) and can have the freedom to invest Structure for their pension with the flexibility in the in a variety of Pension Funds. 5 amount of contribution from Benefits of • Online Access- 24 X 7 X 365: Riding on a employee/employer. NPS highly efficient technological platform NPS • The NPS is a cost effective scheme through provides online access to accounts to the specialized entities where the employers need subscribers. Tax Portable Savings not be actively involved in record keeping, • Regulated: The funds are managed by investment, annuity etc. as in the case of self- professional Pension Funds regulated and administration of pension functions. Prudential actively monitored by PFRDA, the Regulator set Regulation • The corporates/employers have flexibility to up through an Act of Parliament. select the POP (Point of Presence), Pension • Portable: The NPS account (PRAN) can be Fund (PF) and investment choice centrally for operated from anywhere in the country even if all employees or leave the choice for selection one changes the job location or the job itself. of PF and investment choice to individual employees. • Tax Incentives: Tax benefits are available on both employee and employer contributions. • The employers get tax benefits on their The employee can save tax on his own contribution to the employees NPS account as contribution [u/s 80 CCD (1) of IT Act] as well a business expense, while employees can claim as the contribution made by employer [u/s 80 tax benefits on the employees' as well as CCD (2)]. employer's contribution to NPS.
Snapshots of Media Coverage
Contact us: Jyoti Vij T: +91-11-23487257, 23487417 E: jyoti.vij@ficci.com Anshuman Khanna T: +91-11-23487435 E: anshuman.khanna@ficci.com Gunjan Aggarwal T: +91-11-23487457 E: gunjan.aggarwal@ficci.com Nidhi Tomar T: +91-11-23487324 E: nidhi.tomar@ficci.com Federation of Indian Chambers of Commerce and Industry (FICCI) Federation House, Tansen Marg, New Delhi - 110 001 T : +91-11-23738760-70 www.ficci.com
Recommend
More recommend
