Overview - Regulation - Contribution Management (Govt. Nodal Office)
The Regulation - Contribution Management Department at PFRDA is responsible for handling regulatory activities related to Central Government, State Governments, Central Autonomous Bodies (CABs), and State Autonomous Bodies (SABs). This department ensures that all regulatory communications and processes are managed efficiently and in compliance with established policies and guidelines.
The department's role is crucial in maintaining the integrity and smooth functioning of the National Pension System (NPS) by overseeing the registration and management of contributions from various government and autonomous entities. By coordinating with other departments and external bodies, the department ensures that all regulatory requirements are met and that stakeholders are kept informed and compliant.
Key Functions
1. Disposal of Regulations & Policy Related Communication
- Review and respond to communications from government entities and autonomous bodies.
- Prepare and send draft replies, maintain records, and follow up with other departments.
2. Registration of CABs and SABs in NPS Architecture
- Evaluate and verify documents from autonomous bodies.
- Process registrations and communicate with relevant entities.
3. Handling Inter-Department Communications
- Coordinate with other departments on parliamentary questions, RTI queries, legal matters, and policy clarifications.
4. Issuance of Policy/Guidelines/Instructions for the Government Sector
- Prepare and issue circulars/guidelines.
- Inform stakeholders about changes and develop new functionalities as needed.
5. Preparation of Board Agenda
- Prepare board agendas and action taken reports.
6. Preparation of Meeting Agendas, Minutes, ATR Reports, and Presentations
- Prepare and circulate meeting agendas, minutes, action taken reports, and presentations.
7. Maintenance of Inward and Outward Register
- Maintain registers for the movement of notes, files, letters, and other communications.
8. File Management
- Manage and retrieve correspondence files efficiently.
Target Turn Around Time (TAT) for Critical Activities
- Disposal of policy-related communication: 7 working days
- Evaluation of Letters of Consent: 5 working days
- Decision by recommending/approving authority: 3 working days
- Issuance of registration letters: 3 working days
- Communication of discrepancies: 3 working days
- Disposal of parliamentary questions: 1 day
- Disposal of RTI queries: 15 days
Overview - Regulation - Contribution Management (Retirement Advisors) Department
The Regulation - Contribution Management (Retirement Advisors) Department at PFRDA is responsible for handling regulatory activities related to Retirement Advisors (RAs). This department ensures that all regulatory communications and processes are managed efficiently and in compliance with established policies and guidelines.
The department's role is crucial in maintaining the integrity and smooth functioning of the National Pension System (NPS) by overseeing the registration and management of Retirement Advisors. By coordinating with other departments and external bodies, the department ensures that all regulatory requirements are met and that stakeholders are kept informed and compliant.
Key Functions
1. Screening of Applications for RA Registration
- Scrutinize RA applications to ensure they meet eligibility norms and are in the prescribed format.
- Verify that all required documents and annexures are provided.
2. Handling Application Processing Fee and Registration Fee
- Check the correctness of demand drafts or online transfers.
- Submit corrected payments to the Accounts department for confirmation.
3. Approval for Registration of RAs
- Forward complete applications to the competent authority for approval.
- Issue Letters of Acceptance and Certificates of Registration upon approval.
4. Finalization of Guidelines and Forms for RAs
- Prepare and update operational guidelines, MIS formats, and compliance certificates for RAs.
- Suggest improvements to the registration process.
5. Policy Matters
- Examine suggestions from stakeholders and seek approvals from higher authorities.
- Disseminate decisions to concerned stakeholders.
6. Handling Inter-Department Communications
- Coordinate with other departments on RTI queries, parliamentary questions, legal issues, and policy clarifications.
7. Preparation of Board Agenda
- Prepare board agendas and action taken reports for items related to the department.
8. Preparation of Pension Advisory Committee (PAC) Agenda
- Prepare PAC agendas and take suitable actions based on PAC suggestions.
9. Preparation of Meeting Agendas, Minutes, ATR Reports, and Presentations
- Prepare and circulate meeting agendas, minutes, action taken reports, and presentations for various meetings.
Target Turn Around Time (TAT) for Critical Activities
- Issuance of communication regarding discrepancies: 5 days
- Scrutiny and evaluation of RA applications: 7 days
- Deposit of application fee: 2 days
- Decision by recommending/approving authority: 3 days
- Issuance of Letters of Acceptance: 3 days
- Issuance of Certificates of Registration: 3 days
- Communication regarding application rejection: 15 days
- Disposal of parliamentary questions: 24 hours
- Disposal of RTI queries: 15 days
- Approval and circulation of meeting minutes: 10 days
- Action Taken Report: As per specified timelines
