CPS Partial Withdrawal of 25 percent PFRDA Guidelines for AP Employees

Implementation of 25% Partial Withdrawal for Contributory Pension Scheme Employees / Teachers in Andhra Pradesh. We already know that PFRDA has already issued the guidelines for 25% CPS Subscription amount Partial Withdrawal Guidelines. Now Director of Treasuries Andhra Pradesh 0/o The Director of Treasuries and Accounts, Andhra Pradesh :: Amaravati @ Ibrahimpatnam has issued  Cir. Memo No. F2/3058/2013 Dated 29th October’ 2018 on  25% Partial Withdrawals for CPS employees in Andhra Pradesh and issued Comprehensive guidelines to all Stake-holders -Instructions – Issued. Forms for Partial Withdrawal are released and can be downloaded below. Read the Detailed Guidelines for 25% Partial Withdrawal.

AP Memo F2/3058 25% CPS Partial Withdrawal Comprehensive Guidelines for CPS Employees

 Sub:- NATIONAL PENSION SYSTEM – Partial Withdrawals – Documents to be submitted for availing – Comprehensive guidelines to all Stake-holders – Instructions – Issued.
All the Treasury Officers / PAOs / Nodal Officer.2 in the State are informed that, Pension Fund Regulatory and Development Authority (Exits and Withdrawal under the National Pension System) Regulations, 2015, read with Pension Fund Regulatory and Development Authority (Exits and Withdrawal under the National Pension System) (First Amendment) Regulations, 2017; and Pension Fund Regulatory and Development Authority (Exits and Withdrawal under the National Pension System) (Third Amendment) Regulations, 2018, laid down clear guidelines with respect to Partial Withdrawal requests. As per the provision of Regulation No.8 of the Pension Fund Regulatory and Development Authority (Exits and Withdrawal under the National Pension System) Regulations, 2015, the following provisions have been notified in respect of the Partial Withdrawals under National Pension System:-

A partial withdrawal of accumulated pension wealth of the Subscriber, not exceeding twenty-five percent of the contributions made by the Subscriber and excluding contributions made by employer, if any, at any time before exit from National Pension System subject to the terms and conditions, purpose, limits and frequency specified below:-

A.) Purpose:- A subscriber on the date of submission of the withdrawal form, shall be permitted to withdraw not exceeding twenty-five percent of the contributions made by such subscriber to his individual pension account, for any of the following purposes only:-
a. for Higher education of his or her children including a legally adopted child;
 b. for the marriage of his or her children, including a legally adopted child;
 c. for the purchase or construction of a residential house or flat in his or her own name or in a joint name with his or her legally wedded spouse. In case, the subscriber already owns either individually or in the joint name a residential house or flat, other than ancestral property, no withdrawal under these regulations shall be permitted;
 d. for treatment : if the subscriber, his legally wedded spouse, children, including a legally adopted child or dependent parents suffer from any specified illness, which shall comprise of hospitalization and treatment in respect of the following diseases:-  (i) Cancer;
(ii) Kidney Failure (End Stage Renal Failure);
(iii) Primary Pulmonary Arterial Hypertension;
(iv) Multiple Sclerosis;
(v) Major Organ Transplant;
(vi) Coronary Artery Bypass Graft;
(vii) Aorta Graft Surgery;
(viii) Heart Valve Surgery;
(ix) Stroke;
(x) Myocardial Infarction;
(xi) Coma;
(xii) Total blindness;
(xiii) Paralysis;
(xiv) Accident of serious I Life threatening nature;
(xv) Any other critical illness of a life threatening nature as stipulated in the circulars, guidelines or notifications issued by the authority from time to time.
 e.) to meet medical and incidental expenses arising out of the disability or incapacitation suffered by the Subscriber.

B.) Limits:- the permitted withdrawal shall be allowed only if the following eligibility criteria and limit for availing the benefit are complied with by the subscriber:-
 1. The subscriber shall have been in the National Pension System at-least for a period of three years from the date of his or her joining;
 2. the subscriber shall be permitted to withdraw accumulations not exceeding twenty-five percent of the contributions made by him or her and standing to his or her credit in his or her individual pension account, as on the date of application for withdrawal;

C.) Frequency:- the subscriber shall be allowed to withdraw only a maximum of three times during the entire tenure of subscription under the National Pension System. The request for withdrawal in the specified form, shall be submitted by the subscriber, along with relevant documents to the Central Record-keeping Agency or the National Pension System Trust, as may be specified, for processing of such withdrawal claim through their Nodal Office. Provided that where a subscriber is suffering from any illness, specified in sub-clause (d.), the request for withdrawal may be submitted, through any family member of such subscriber.

Comprehensive Guidelines for CPS 25% With Drawal
On examination of the procedures envisaged by the Pension Fund Regulatory and Development Authority in such matters, the following comprehensive guidelines are issued to all the Subscribers / Nodal Officer.3 (DDO) / Nodal Officer.2 (Treasury / PAO), for seamless process:-

1.   a.) Employee / Subscriber, who is completed three (03) years’ of service, shall submit Partial Withdrawal request, to the Nodal Officer.3 (DDO) concerned, through Online CRA System. 
2.  b. Subscriber shall specify certain mandatory information, viz., Percentage of Partial Withdrawal (Max. 25%), Purpose of Withdrawal along with documents / proof for the same. 
3.   c. Subscriber / Employee shall key-in correct bank account details along with proof (Cancelled cheque / Attested copy of Bank Passbook / Attested copy of Bank account statement / Bank certificate). 
4.   d. Subscriber shall affix his / her signature / Thumb impression on the form at the designated place and submit the same to the Nodal Officer.3 (Drawing and Disbursing Officer) concerned. 
5.   e. The Nodal Officer.3 (Drawing and Disbursing Officer) shall check the request submitted by the Subscriber with respect to completeness. He / She shall verify the details of bank account of subscriber with the pay-rolls and also verify the veracity of the claim with respect to purpose of the partial withdrawal request along with supporting documents. 
6.  f. After satisfying with the request of Subscriber / Employee, the Nodal Officer.3 (DDO) shall forward the request along with covering letter to the mapped Treasury / PAO (Nodal Officer.2) in duplicate.www.apteachers.in. 
7.  g. On receipt of physical copy of Partial Withdrawal request from the Nodal Officer.3 (Drawing and Disbursing Officer) in duplicate, the Treasury Officer / PAO (Nodal Officer.2) shall check the information captured in CRA System with physical documents, viz., Name of the Claimant / Subscriber / Employee, Date of entry into Service, Registered Contact No. and Register mail-ID with CRA, Signature of the Subscriber / Employee, authenticity of the claim, etc. and “Authorize” or “Reject” the request; and send the physical documents to the Central Record-keeping Agency, without any delay, for further processing. Extra copy will be stored by Nodal Officer.2 (Treasury / PAO). 
8.  h. He / She shall maintain watch register in the proforma prescribed (annexed herewith) and update it at different stages of the withdrawal process. The Deputy Director, District Treasury concerned shall verify this register and watch the status of the withdrawals and updation of records at periodical intervals. 
9.  i. On receipt of Partial Withdrawal request from the Nodal Officer.2 (Treasury / PAO) in physical mode and Online mode, Central Record-keeping Agency will process the request in CRA System and funds will be directly transferred to Subscribers’ bank account through electronic mode on T + 3 basis, as mentioned in the Partial Withdrawal request. 
10.  j. In case, the Subscriber is unable to submit such request due to illness, the family member of the Subscriber / Employee can apply for Partial withdrawal request. Nodal Officer.3 (DDO) must satisfy themselves about the genuineness of such claim and ensure that the bank account provided is that of the Subscriber only. 
11.   Based on different types of partial withdrawal requests, the following documents have been prescribed for the convenience of the Subscribers / Nodal Officer.3 (DDO) / Nodal Officer.2 (Treasury / PAO) and for seamless process of such requests:-

The Deputy Directors of District Treasuries in the State shall take necessary action to communicate these instructions to all the Divisional Sub Treasuries / Sub Treasuries / Drawing and Disbursing Officers under their jurisdiction by prominently displaying in their Notice Board as well as by way of any other possible communication and see that these instructions are strictly complied with.