KV Corner

Management Share (MS) increase from 10% to 14 % in New Pension System (NPS) Kendriya Vidyalya Sangathan issued a letter regarding increase Management Share (MS) in New Pension System (NPS) from 10% to 14 % to all KVS Employee April 2019 and Add MS Share in  the pay-bill of October 2021. Kendriya Vidyalya Sangathan issued a letter with Subject of Extension of Notification dated 31.01.2019 of Department of Financial Services, MoF regarding extension of enhanced management contribution (10% to 14%) to the employees of Central Autonomous Bodies covered under NPS vide letter no. 110126125/2021/KVS-NPS/Circulars/ dated : 28-09-2021.  In this letter it is stated that the issue of extension of enhanced employer's share (10% to 14%) of NPS contribution to the employees of Central Autonomous Bodies was under consideration in Ministry. Now, Department of School Education & Literacy (IF-II Section), Ministry of Education, vide its Office Memorandum No. G-21015/15/2021-IF-Il dated 09.09.202