NPS Scam: A major case of financial fraud related to NPS (National Pension Scheme) accounts of the Central Industrial Security Force (CISF) came to light after which the Central probe agency CBI booked a sacked CISF personnel.

5,640 CISF Employees NPS Accounts Affected

The sacked personnel had allegedly embezzling more than Rs 60 lakh from the pension funds of 5,640 CISF employees.

ALSO READ: Delhi Horror: Jilted Lover In Burqa Kills Woman By Pushing Her Off Rooftop, Arrested

The officials on Wednesday said The National Industrial Security Academy (NISA) in Hyderabad, acting as a Cheque Drawing and Disbursing Office (CDDO) for various CISF units, discovered alleged embezzlement of funds amounting to Rs 60.26 lakh from the NPS accounts of 5,640 personnel.

The CISF, which guards vital installations like airports and nuclear power stations, constituted a fact-finding enquiry to enquire into all the cases of irregularities in NPS contribution.

The report showed that the amount was allegedly embezzled by former head constable Roop Singh Meena. He was posted at NTPC Simhadri in Visakhapatnam and attached to the NPS Section of NISA from November 2016 to November 2020.

ALSO READ: Shashi Tharoor Responds To Speculations On Joining BJP, Here Is What He Said?

The case was then handed over to the Central Bureau of Investigation for a detailed probe. Meena was dismissed from service with effect from July 6, 2023, in a separate case, they said.

Govt Extends Additional UPS Benefits To NPS Retirees

In another development, the Central government NPS subscribers who retired on or before March 31, 2025, with a minimum 10 years of qualifying service, or their legally wedded spouse, can now claim additional benefits under the Unified Pension Scheme (UPS), over and above the NPS benefits already claimed, according to a statement issued by the Ministry of Finance on Friday.

The additional benefits include a lump sum payment (one time), one-tenth of the last drawn basic pay and dearness allowance thereon, for each completed six months of qualifying service. A monthly top-up amount is calculated based on admissible UPS payout + Dearness relief (DR) minus the representative annuity amount under the NPS. Besides, they will get arrears with simple interest as per applicable PPF rates. The UPS benefits can be claimed through the physical mode or the online mode. The physical mode entails visiting the DDO & submitting the Form (B2- for the subscriber & B4/B6 – for the legally wedded spouse). 

(With agencies inputs)