12. (1) This Act shall apply to—
(a) the National Pension System;
(b) any other pension scheme not regulated by any other enactment.
(2) Every pension scheme referred to in clause (b) shall conform to the regulations
made by the Authority within such time as may be specified in the regulations.
(3) Notwithstanding anything contained in sub-section (1), the provisions of this Act
shall not apply to–
(a) the schemes or funds under–
(i) the Coal Mines Provident Fund and Miscellaneous Provisions
Act, 1948;
(ii) the Employees’ Provident Funds and Miscellaneous Provisions
Act, 1952;
(iii) the Seamen’s Provident Fund Act, 1966;
(iv) the Assam Tea Plantations Provident Fund and Pension Fund Scheme
Act, 1955; and
(v) the Jammu and Kashmir Employees’ Provident Funds Act, 1961;
(b) contracts referred to in sub-section (11) of section 2 of the Insurance
Act, 1938;
(c) any other pension scheme, which the Central Government may, by notification,
exempt from the application of this Act;
(d) persons appointed before the 1st day of January, 2004 to public services in
connection with the affairs of the Union, or to All-India Services constituted under
section 2A of the All-India Services Act, 1951;
(e) persons appointed to public services in connection with the affairs of any
State, or such Union territories as may be specified by notification by the Central
Government.
(4) Notwithstanding anything contained in sub-section (3), any State Government or
administrator of a Union territory may, by notification, extend the National Pension System
to its employees.
(5) Notwithstanding anything contained in clause (c) of sub-section (3), the Central
Government may, by notification, extend the application of this Act to any other pension
scheme [including any other pension scheme exempted and notified under clause (c) of subsection
(3)].
(6) Any person governed under any of the schemes or funds referred to in sub-section
(3) may, at his option, also join the National Pension System.