Page 7 - Latest Updates on pension scheme
A snapshot of best annuity plans offered by various companies with details
Here is how the best annuity plans offered by various companies stack up
EPFO mulling pension scheme for formal workers with basic wage over Rs 15K
At present, all those employees in the organised sector whose basic wage is up to Rs 15,000 per month at the time of joining service are mandatorily covered under EPS-95
 "EPFO mulling pension scheme for formal workers with basic wage over Rs 15K")
SAD promises Rs 50,000 compensation for crop damage, old pension scheme
SAD chief Sukhbir Singh Badal promised Rs 50,000 per acre compensation for crop damage, restoration of old pension scheme for government employees if it comes to power
 "SAD promises Rs 50,000 compensation for crop damage, old pension scheme")
Iceland has best pension system in the world; India near bottom of Index
The scores of 11 countries, including India and South Korea, slipped this year as the world battles to limit the economic fallout from the Covid-19 crisis.
 "Iceland has best pension system in the world; India near bottom of Index")
PFRDA pension subscribers' base jumps to over 43.5 million at end of June
PFRDA has registered a 24 per cent jump in its subscribers' base under two flagship pension schemes to more than 43.5 millions at the end of June.
 "PFRDA pension subscribers' base jumps to over 43.5 million at end of June")
PM Modi fulfilled commitment of 'one rank one pension' scheme : Rajnath
Prime Minister Narendra Modi has fulfilled the commitment made to armed forces veterans by providing the 'one rank one pension' scheme, said Defence Minister Rajnath Singh on Sunday.
 "PM Modi fulfilled commitment of 'one rank one pension' scheme : Rajnath")
PFRDA AUM crosses Rs 6 trillion-mark, last trillion coming in seven months
NPS subscriber numbers have swelled over the years with 7.41 mn govt employees and 2.84 mn joining from non-govt
 "PFRDA AUM crosses Rs 6 trillion-mark, last trillion coming in seven months")
China seeks private insurers help to unlock savings to avert pension crisis
Hong Kong insurance sector is eyeing China's $15.3 trillion savings to avert a crisis in its state pension system, the size of the world's second-largest economy
 "China seeks private insurers help to unlock savings to avert pension crisis")
Haryana to bring cancer, HIV patients under ambit of pension scheme
The Haryana government will bring patients of the state suffering from cancer, HIV and serious kidney ailments under the ambit of its social security pension scheme.
Saral Pension promises higher liquidity than existing plans: Details here
Surrender, loan options will encourage those wary of illiquid annuities
PFRDA mulling launching minimum assured return-based pension scheme
The pension authority is in talks with pension funds and actuarial firms to work out the modalities of the proposed scheme, PFRDA chairman said
 "PFRDA mulling launching minimum assured return-based pension scheme")
Coronavirus: Elderly, differently-abled to get 3 months' pension in advance
For the differently-abled, the pension is fixed at Rs 300 per month up to 79 years of age and Rs 500 for 80 years and above
Pension outlay for Army in Budget is unsustainable: CDS Gen Bipin Rawat
Army consists of two categories, officers and jawans, and the former can retire between 54-58 years of age
 "Pension outlay for Army in Budget is unsustainable: CDS Gen Bipin Rawat")
Govt reviewing proposal to allow workers to switch between EPS and NPS
Option for workers being reconsidered after reactions from employees and employers in recent meetings
 "Govt reviewing proposal to allow workers to switch between EPS and NPS")
Top 10 events today: PM to launch pension schemes, IIP data release & more
PM Modi is scheduled to visit Jharkhand, where he will dedicate pension schemes to the nation
 "Top 10 events today: PM to launch pension schemes, IIP data release & more")
Reliance Pension Fund exits NPS after Nippon Life increases stake in RNam
Reliance Capital Pension Fund has voluntarily offered back the license
 "Reliance Pension Fund exits NPS after Nippon Life increases stake in RNam")
Budget 2019 promises new pension scheme, highway revamp & more
She also noted that the government has allocated Rs 350 crore towards interest subvention for MSMEs for 2019-20
 "Budget 2019 promises new pension scheme, highway revamp & more")
Is the Old Pension System for state government employees a feasible idea?
Under the old pension system, a retired employee is given assured pension which keeps on rising depending on the inflation rate
 "Is the Old Pension System for state government employees a feasible idea?")
Disabled people can now avail of online pension scheme in Uttar Pradesh
People who suffer from 40 per cent or more disability can avail this pension
 "Disabled people can now avail of online pension scheme in Uttar Pradesh")
India ranks 2nd last in pension schemes, Netherlands, Denmark on top: Study
The demographics and macro-economic factors in India are diverse and pension systems have to be aligned to other programmes in the country
