NMC Fails to Deposit 9 Crore in Staff Pension Contributions for 2024-25: Audit Report Reveals Non-Compliance The Nagpur Municipal Corporation (NMC) has been found to have withheld nearly 9 crore rupees in pension contributions for its employees during the 2024-25 fiscal year, according to an audit conducted by the Office of the Principal Accountant General. The report highlights the civic body’s failure to comply with a state government directive that increased the employer’s contribution under the Defined Contribution Pension Scheme (DCPS) from 10% to 14%. This directive, issued in August 2019, was meant to take effect retrospectively from April 1, 2019, but the NMC did not implement it, leading to a significant shortfall in pension benefits for its staff. The audit, part of the inspection report for 2024-25 (OBS-2223609), identifies 14 major findings against the NMC. The Maharashtra government had mandated the increase in employer contributions through a Finance Department resolution in August 2019. Municipal corporations were instructed in February 2022 to apply the revised rate retrospectively, yet the NMC continued to deduct contributions at the old 10% rate. Ex-corporator Vedprakash Arya alleged that the audit report was not disclosed for months and only surfaced after he filed a Right to Information (RTI) request. He demanded immediate payment of arrears from 2019, including interest, and warned of potential public unrest if the dues remained unpaid. The audit revealed that the NMC contributed 22.46 crore rupees to employees’ pension accounts in 2024-25, whereas it should have deposited 31.45 crore rupees.#nagpur_municipal_corporation #national_pension_system #vedprakash_arya #office_of_principal_accountant_general #defined_contribution_pension_scheme
