EMPLOYEES’ SERVICE (SECOND AMENDMENT) REGULATIONS, 2021- NOTIFICATION
No. PFRDA/12/RGL/139/11.—In exercise of the powers conferred by sub-section (2) of section 11 read with sub – clause (b) of sub – section (2) of section 52 of the Pension Fund Regulatory and Development Authority Act, 2013 (Act no. 23 of 2013), the Pension Fund Regulatory and Development Authority hereby makes the following regulations to amend the Pension Fund Regulatory and Development Authority (Employees’ Service) Regulations, 2015, namely,: –
- These regulations may be called the Pension Fund Regulatory and Development Authority (Employees’ Service) (Second Amendment) Regulations, 2021.
- These shall come into force on the date of their publication in the Official Gazette.
- In the Pension Fund Regulatory and Development Authority (Employees’ Service) Regulations, 2015:-
I. In the schedule under clause (b) of sub-regulation 4 of Regulation 6, in column 3 of row 3 and 4 [under heading Age, Qualification & Experience for Direct recruits], for qualification for Grade D, E & F and A, B & C, the existing educational qualification (Qualification) shall be substituted as follows:
Qualification:
“Master’s Degree in any discipline, Bachelor’s Degree in Law, Bachelor’s Degree in Engineering from a recognized university, Associate Chartered Accountant (ACA) or Fellow Chartered Accountant (FCA) from ICAI (Institute of Chartered Accountants of India)/ Associate Cost and Management Accountant (ACMA) [erstwhile Associate of Institute of Cost & Works Accountant of India (AICWA)] or Fellow Cost and Management Accountant (FCMA) [erstwhile Fellow of Institute of Cost & Works Accountant of India (FICWA)] from Institute of Cost Accountants of India (ICMAI) [erstwhile Institute of Cost & Works Accountants of India (ICWAI)] / Associate Company Secretary (ACS) or Fellow Company Secretary (FCS) from Institute of Company Secretaries of India (ICSI) / Chartered Financial Analyst (CFA) from CFA Institute for officers in the General Stream.
Bachelor’s Degree in Law from a recognized university/Institute for officers in the Legal Stream.
Master’s Degree in Statistics/Economics/Commerce/Business Administration (Finance)/Econometrics for officers in the Research Stream.
Bachelor’s Degree in Engineering (electrical /electronics and communication /information technology/computer
science)/Masters in Computer Application / Bachelor’s Degree in any discipline with a post graduate qualification
(minimum 2 years duration) in computers/information technology for officers in Technical Stream (Information
System).
Master’s Degree in Hindi with English as one of the subjects at Bachelor’s Degree level or Master’s Degree in Sanskrit/English/Economics/Commerce with Hindi as a subject at Bachelor’s Degree level from a recognised
University/Institute for officers in the Rajbhasha (Official Language) Stream.
Graduation from a recognized university and Associate Chartered Accountant (ACA) or Fellow Chartered Accountant (FCA) from ICAI (Institute of Chartered Accountants of India)/ Associate Cost and Management Accountant (ACMA) [erstwhile Associate of Institute of Cost & Works Accountant of India (AICWA)] or Fellow Cost and Management Accountant (FCMA) [erstwhile Fellow of Institute of Cost & Works Accountant of India (FICWA)] from Institute of Cost Accountants of India (ICMAI) [erstwhile Institute of Cost & Works Accountants of India (ICWAI)] / Associate Company Secretary (ACS) or Fellow Company Secretary (FCS) from Institute of Company Secretaries of India (ICSI) / Chartered Financial Analyst (CFA) from CFA Institute for officers in the Finance & Accounts Stream”.
II. In the schedule under clause (b) of sub-regulation 4 of Regulation 6, in column 3 of row 4 [under heading – Age,
Qualification & Experience for Direct Recruits], for qualification for Grade A, the educational qualification (Qualification) for Actuarial Stream shall be inserted as follows:
Qualification:
Graduation from a recognized university and Pass or exemption in all Seven (07) ‘Core Principles’ subjects of the
Institute of Actuaries of India (IAI) Examination for officers in the Actuarial Stream.
III. The sub regulation (1) of Regulation 38 shall be substituted as follows:
“An employee may be permitted to encash ordinary leave once in two years for a minimum period of 10 days and
a maximum period of 30 days.
Provided that at the time of such encashment the employee has to his credit a balance of leave which shall not be
less than the leave so encashed”.
Footnote:
- The Principal Regulations, The Pension Fund Regulatory and Development Authority (Employees’ Service)
Regulations, 2015 were published in the Gazette of India on 14th May, 2015 vide Notification No. PFRDA/12
/RGL/139/11. - The Pension Fund Regulatory and Development Authority (Employees’ Service) (First Amendment) Regulations, 2018 were published in the Gazette of India on 31st October, 2018 vide Notification No. PFRDA/12/RGL/139/11.
- The Pension Fund Regulatory and Development Authority (Employees’ Service) (Amendment) Regulations,
2020 were published in the Gazette of India on 28th April, 2020 vide Notification No. PFRDA/ 12/RGL/139/11. - The Pension Fund Regulatory and Development Authority (Employees’ Service) (Amendment) Regulations,
2021 were published in the Gazette of India on 24th March 2021 vide Notification No. PFRDA/12/RGL/139/11.
