BGSBU adopts New Pension Scheme

Excelsior Correspondent
RAJOURI, June 6: As part of its strategic human resource policy for welfare and retention of employees, BGSB University has formally adopted the New Pension Scheme (NPS) for its employee recruited after January 1, 2010.
Vice Chancellor of the University Prof Irshad A Hamal handed over NPS cards to all employees of BGSBU who are eligible for this scheme. The scheme is better than the traditional pension scheme in many ways in view of its mobility and the fact that the employee can monitor their savings and Net Asset Value (NAV) on day to day basis through on-line system.
It is pertinent to mention here that New Pension System (NPS) was launched in J&K with effect from January 1, 2010, while as the Central Government has already implemented this scheme from 2004 in favour of its employees. The scheme is regulated by Central Record keeping Agency (CRA) of the National Securities Depository Limited (NSDL) which is a body under the Government of India.


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