Page 3 - National Pension System

NPS added 19% fewer fresh corporate subscribers in first half of FY24

Experts blame the fall on higher exemption limit for Rs 7-5 lakh IT bracket

NPS: Select and switch fund managers based on long-term performance

Monitor seven or 10-year performance and switch if underperformance persists for two years

SBI to acquire another 20% stake in SBI Pension Funds for Rs 229.52 crore

At present, SBI has a 60 per cent stake in the pension fund

NPS adoption by govt employees hit 6-month high in September: NSO data

Earlier, 85,586 new subscribers had joined the NPS in March

IT, consulting firms lead NPS adoption in private space: PFRDA data

IT and consulting firms account for 131,354 subscribers, followed by the private banking sector, which has 59,521 subscribers, and financial services, which has 38,914 subscribers

NPS adoption by govt sector at 5 month high in August, shows NSO data

Earlier, 85,586 new subscribers had joined the NPS in March 2023

Assembly polls: The age-old debate on OPS vs NPS is not retired hurt, yet

NMOPS swings for the fences as it attempts to hit a home run with a non-negotiable demand: restore the earlier pension scheme with fixed returns

Choosing NPS fund manager? Seek consistency across the asset classes

Switch fund manager only if long-term performance lags the category average

Fresh NPS corporate subscribers at 12-month high in July, shows NSO data

Of the 29,333 subscribers under the corporate sector, three-fourths of the subscribers belonged to the age group of 29 years and above

Old pension scheme 4.5 times more costly than the existing NPS: RBI Study

The RBI report comes at a time when five states - Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh have announced their return to the OPS for government employees

EPFO to generate 16 mn net payrolls in FY24, says SBI Ecowrap report

More people might be sticking to current employment as number of members rejoining or resubscribing pension fund has declined, it says

Fresh corporate NPS subscribers decline 26% during Jan-June: NSO data

A cumulative total of 77,140 new subscribers embraced the NPS under the corporate component this year, a drop from 104,447 last year

National Pension Scheme to add 1.3 million new subscribers in FY24

To roll out systematic withdrawal plan in October

NPS subscribers can soon opt for periodic withdrawals; check details here

PFRDA says subscribers can leave their 60% corpus in NPS and can receive it back in a staggered manner, such as monthly, quarterly, semi-annually, or annually, until the age of 75

STT hike to GST appellate tribunal: Key takeaways from Finance Bill 2023

Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains

Govt will set up a committee to review pension scheme: FM tells Parliament

Employees from several states have been demanding a change in the current pension system. Some states, including Rajasthan, Chhattisgarh, Jharkhand have already switched back to the old pension scheme

NPS subscriber base rises 23% to 62.4 million in March 4, shows data

The NPS was introduced in April 2004 to replace the erstwhile old pension scheme, which was seen as a major burden on state finances

National Pension Scheme subscribers increases by 23%: PFRDA data

The Corporate Scheme too witnessed a jump of 20 per cent, as the subscriber base rose to 16.63 lakh from 13.84 lakh during the year-ago period

Old vs New: No early retirement for debate on pension as elections loom

The economics and politics behind the old versus new pension scheme as elections loom

NPS partial withdrawal rule changing for these subscribers from Jan 1

PFRDA had launched the online partial withdrawal facility in January 2021 to help subscribers cope with the Covid-19 pandemic