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21 Jun, 2021 10:03 PM

8. ITEM No.NC-47 / 5/ 19: GPF for those who have been recruited on or after 1.1.2004

8. ITEM No.NC-47 / 5/ 19: GPF for those who have been recruited on or after 1.1.2004

 

The employees who have been appointed on or after 1.1.2004 are covered by N.P.S. while doing so Government have also abolished G.P.F. deductions in respect of them. The contribution made under NPS by these employees are fully locked for the entire tenure of their service. The contribution to G.P.F. are not so locked as there are provisions for taking advances or even final payments under G.P.F. During the long tenure of service, employees require such advances or final payments to meet their social obligations like marriages etc. It is, therefore, necessary that employees may be allowed to contribute to G.P.F. It is, therefore, demanded that such employees who are covered by NPS may also opt for continuance of G.P.F. from which they can draw advances/final payments as per G.P.F. Rules.




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