Sir, I am sending this below table for your extreme consideration. We are all working in government sectors.

We are the back bones of central and state governments management structure. We all are giving our full dedication to our work and growth of our country. Same time we are not expecting anything more from the past rules. But we are expecting the same reasonable benefits like the past. That is the only thing will motivate all government staffs towards their work. Overall what we are expecting is OLD PENSION SCHEME instead of this new pension scheme. None of us likes new pension scheme. It is the scheme which will help your PFMs & ASPs but not any of our government servants. Now itself plenty of Government officials quitting their services and Most of the youngsters not interested in government service. Those who not scoring good marks and not getting chances in the private sectors will only join in to government service. Things will go like this what will happen in the future. Effectiveness of government sectors will come down. This will lead huge fall on our countrys credibility. Kindly take all these things in account before making the policy and do the needful.

Thanks & Regards

Name of entity/ person: Sr.No. Pertains to Proposed/ which suggested changes Section/subsection and Page number 1 Page No: 4 a)Purpose
i) For Higher education of his/her children including a legally adopted child.

Rationale

What about his own higher education or his spouse or siblings education?

Change it for everyone.

. ii) For the marriage of his/her children, including a legally adopted child.

What about his marriage or siblings marriage?

Change it as his or his family members. What about If he wants to renovate his house or expand his house or if he lost his house because of natural calamities or various reasons?

iii) For the purchase/construction of residential house or flat. However, if the subscriber already owns a residential house or flat, the same is not allowed as a ground for the withdrawal.

Change it by including renovation and expansion of house. So that those who haves house they can able to renovate or expand when it is necessary.

iv) Treatment for prescribed illnesses suffered by subscriber or his legally wedded spouse and children. For this purpose, the prescribed illness referred above consists of hospitalization and treatment for the following diseases/illnesses: What about treatment of his parents & Siblings or any other relatives? Or any other important treatments or accidents? How can you limit our choices even on emergency medical expenses?

1. Cancer 2. Kidney Failure (End Stage Renal Failure) 3. Primary Pulmonary Arterial Hypertension 4. Multiple Sclerosis 5. Major Organ Transplant 6. Coronary Artery Bypass Graft 7. Aorta Graft Surgery 8. Heart Valve Surgery 9. Stroke 10. Myocardial Infarction (First Heart Attack) 11. Coma

12. Total blindness 13. Paralysis

Change it as any medical treatment and for all family members.

b) Limits: It has been proposed that there should be limitation on eligibility as well as the maximum limit for each withdrawal that can be permitted till the person stays invested in National Pension System. We propose the following eligibility criteria and limit for availing the benefit

What about if he needs money barely before the ten years, If the one notable to receive his money from his own savings when he is verge then what is the meaning of this savings?

b) Limits
1. The subscriber should have been in NPS for at least ten years and contributing to the scheme.

Page No : 5 C) Frequency:

If he needs more money than Change it as from very first 25% of his contribution year so that everyone can use desperately then what is their saving when they need. meaning of keeping remaining 75% In his savings?

2. Subscriber can withdraw accumulations not exceeding twenty-five percent (25%) of the contributions made by him and standing to his credit in his NPS account, as on the date of application for withdrawal.

Change it as up to 90% from his savings like previous provident fund scheme. This will help them when they are in need. Else everyone will take loans with higher interest rate to meet their requirements. Even as per your point of view government contribution fully going to be with your scheme that will give sustainable returns while retiring from his service.

c) Frequency: It is recommended that the subscriber may be allowed to withdraw at the most three (3) times from the scheme during the tenure and should have a gap of at least 5 years before availing the withdrawal facility for the next time. However, the mandatory requirement of 5 years gap between two successive permitted withdrawals would not be applicable in case of treatment for above prescribed illnesses.

What is the meaning of giving only 3 chances to withdraw in his entire tenure and keeping 5 years gap between each withdrawal? This is completely irrelevant. What is the meaning of having 5 years tenure between each withdrawal? By doing this you are completely limiting his chances. How come it is possible to plan the expenses with in that time limit?Just think if he takes money for his first kid higher education then next year if he wants money for this second kid what he will do or if he wants to spend for his marriage what he will do?

Change it as 6 months or early once throughout his service.

What you are trying to make is correct, but getting money when I am in desperate is more important than taking huge money when i am not in desperate situation.

We are proposing the above frequency in order to make sure that the subscriber should be left with a decent and considerable accumulated pension wealth at the time of superannuation/age of 60 years enabling him to purchase sustainable annuity.