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Pensions Andhra Pradesh Guaranteed Pension System (APGPS), 2023 - Orders - Issued G.O. Ms. No. 116 Date: 24.10.2023

 Pensions Andhra Pradesh Guaranteed Pension System (APGPS), 2023 - Orders - Issued G.O. Ms. No. 116 Date: 24.10.2023

Pensions Andhra Pradesh Guaranteed Pension System (APGPS), 2023 - Orders - Issued G.O. Ms. No. 116 Date: 24.10.2023

FINANCE (HR-III-PENSION & GPF) DEPARTMENT G.O. Ms. No. 116 Date: 24.10.2023

Read the following:-

1. G.O.(P)No.88 Finance & Planning (FW. Pension-1) Department, dated. 26.03.1980 

2. G.O.Ms.No.653, Finance (Pension-1) Department, dated 22.09.2004

3. G.O.Ms.No.654, Finance (Pension-I) Department, dated 22.09.2004

4. G.O.Ms.No.655, Finance (Pension-I) Department, dated 22.09.2004 

5. G.O.Ms.No.121, Finance (HR.V-Pension, GPF) Department, dated.08.07.2017 

6. G.O.Ms.No.107, Finance (HR.V-Pension-1) Department, dated. 29.06.2017

7. G.O.Ms.No.1747, G.A. (Cabinet-1) Department, dated 01.08.2019 

8. G.O.Ms.No.2675, G.A. (Cabinet-1) Department, dated 27.11.2019

9. The Andhra Pradesh Guaranteed Pension System (APGPS) Act, 2023 (Act No.31 of 2023)

ORDER:

In the State of Andhra Pradesh, the pensionary benefits of the employees recruited on or before 31-08-2004, are governed by the provisions of the Andhra Pradesh Revised Pension Rules, 1980, issued in the reference 1st read above, as amended from time to time. The aforementioned Rules follow the framework of a 'Defined Benefit' (DB) scheme.

The Government of India has replaced the existing Old Pension Scheme(OPS), a 'Defined Benefit' scheme financed on a pay-as-you-go basis, with a "Defined Contribution' (DC) scheme viz. the New Pension Scheme (Contribution based Pension Scheme), now called the National Pension System (NPS), for the Central Government employees, vide the Notification No. 5/7/2003-ECB & PR, dated 22-12-2003, of the Department of Economic Affairs, Ministry of Finance, Gol. The NPS was made mandatory for all new recruits to the Central Government service (except the armed forces) w.e.f. 1st January, 2004.

After the enactment of the PFRDA Act, 2013, as per Section 20 of the Act, the pension scheme notified on 22-12-2003 has become the National Pension System (NPS) under the Act. The NPS is now regulated under the PFRDA Act, 2013 & the regulation framed thereunder by the Department of Financial Services and PFRDA.

The Government of Andhra Pradesh (GOAP), in the references 2nd to 4th read above, has adopted the Government of India's National Pension System (NPS), also known as the Contributory Pension Scheme (CPS), based upon theDefined Contribution architecture, for the employees of the State recruited on or after 01-09-2004. Further, in the reference 4th read above, the option to receive invalidation pension or family pension was extended in the case of premature exit due to invalidation/death & in the reference 5th read above, the benefit of retirement gratuity/death gratuity was extended to the NPS subscribers.

After the adoption of the National Pension System (NPS) framework, the GOAP has received several representations from the employees associations of the State Government for de-adoption of CPS & restoration of OPS. To address the concerns of employees, to review CPS Scheme, and to assess the options available, an Expert Committee was constituted under the Chairmanship of Sri S.P. Tucker, IAS (Retd.), former Chief Secretary to Government of Andhra Pradesh, vide the G.O. Rt.No.2052, Finance (HR-3-Pension-I) Department, dated: 28-11-2018.

In the aforementioned context, the GOAP, in the reference 7th read above, has constituted a Group of Ministers (GOM) to review the Expert Committee report and furnish its recommendations to the Government for taking a decision in the matter, & in the reference 8th read above, has also constituted a Working Committee to advise the GoM. The GOAP has also engaged services of specialised agencies for undertaking detailed studies in the matter. After a thorough examination of the various issues by the GoM & the Working Committee, & multiple discussions with the Employees Associations & other stakeholders, the GOAP has formulated the Andhra Pradesh Guaranteed Pension System(APGPS), that seeks to replace the uncertainty of not knowing what one would receive as pension from a fully market-linked CPS, with a scheme where the pension is known during service and is guaranteed. To ensure the financial security of the CPS employees, the Andhra Pradesh Guaranteed Pension System(APGPS), also seeks to addresses certain genuine concerns of the current CPS subscribers, which are not are not provisioned in the existing National Pension System (NPS) framework, viz. spouse pension upon death of the retired APGPS subscriber, cost of living adjustment, a monthly minimum guaranteed pension, & health care scheme for the retired APGPS subscribers.

The Government, after a careful consideration of the entire matter, and keeping in view the welfare of the employees under the Contributory Pension Scheme, while also ensuring fiscal sustainability & inter-generational equity, hereby order to implement the Andhra Pradesh Guaranteed Pension System, 2023, notified vide the reference 9th read above, as detailed hereunder:

It shall extend to all the employees who are recruited on or after 1-9- 2004 and whose pay and allowances are drawn from the Consolidated Fund of the State, including all the tiers of all the Rural and Urban Local Bodies, Universities, etc., and have opted to subscribe to the Andhra Pradesh Guaranteed Pension System.

It shall come into force with immediate effect.

The APGPS Subscriber shall be guaranteed the following benefits under the Act, subject to the provisions of sub-section (4) of Section 6 of the Act.

a. Top-up amount to ensure a monthly Guaranteed Pension at the rate of fifty percent (50%) of the last drawn basic pay, in case of a shortfall in the annuity received by the retired APGPS Subscriber.

b. Top-up amount to ensure a monthly spouse pension at the rate of sixty percent (60%) of the Guaranteed Pension, in case of a shortfall in the annuity received by the spouse of the deceased APGPS Subscriber.

c. Cost of Living Adjustment on the last drawn basic pay as per inflation adjusted dearness relief, as per the rules notified under this Act.

d. Top-up amount to ensure a monthly minimum Guaranteed Pension of Rs.10,000/- (Rupees Ten thousand only) in case of short fall in the annuity received by the APGPS subscriber.

e. Health Care Scheme for the retired APGPS subscribers.

IV. Conditions of eligibility for availing benefits under APGPS

1. The APGPS Subscriber shall become eligible to receive the benefits under the Guaranteed Pension System subject to sub- section (3) of Section 6 of the Act and the following conditions:

a. Rendering of a minimum of ten (10) years of qualifying service, if retiring on superannuation.

b. Rendering of a minimum of twenty (20) years of qualifying service, if retiring from service on voluntary retirement.

C. Rendering of a minimum of thirty-three (33) years of qualifying service, if retired by the Government in the public interest.

d. Rendering of a minimum of ten (10) years of qualifying service, if retiring from service on Medical Invalidation.

2. The APGPS Subscriber shall not be entitled to the benefits of APGPS in the following situations:

a. Retired from service due to resignation.

b. Dismissal from service, removal from service & compulsory retirement arising from disciplinary action.

Guaranteed Pension as prescribed in the rules notified under this Act.

5. It shall be competent for the Government to withhold or withdraw the Top Up component or a part therefrom, in accordance with the prescribed rules.

VII. Spouse Pension upon death of the retired APGPS subscriber:

1. In the case of death of the retired APGPS subscriber, the spouse shall receive Spouse Pension at the rate of sixty (60%) of the Guaranteed Pension, consisting of the Annuity Component and the Top-up Component as specified below:

a. The Annuity Component is the annuity receivable by the spouse based on the annuity plan selected by the APGPS subscriber as per sub-section (1) of Section 6 of the Act.

b. Top-up Component is the amount receivable by the spouse, so that he/she receives the Spouse Pension as specified under the Act.

2. The process, procedure and conditions for determination, processing, sanction, authorization & disbursal of the Spouse Pension shall be governed by the prescribed rules under the APGPS Act, 2023.

VIII. 1. The authorities concerned with registration, processing,bsanction, authorizing and disbursement of the benefits to the APGPS subscribers under the Act shall be prescribed under the rules.

2. The Government shall designate an office to perform the functions of record keeping, accounting, administration and grievance redress for APGPS subscribers.

8. Government will issue the rules separately for implementation of the APGPS Act 2023 duly following the stipulated procedure.


Download APGPS Guidelines GO 116


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