Pension Fund

Pensioners' body calls for protest on Aug 5, demands ₹7,500 monthly pension

Pensioners' body EPS95 National Agitation Committee on Monday called for a nationwide protest on August 5, in support of their demand for a minimum monthly pension of Rs 7,500 under the Employee Pension Scheme. Presently, the minimum monthly pension under the Employee Pension Scheme (EPS) is Rs 1,000, which was enforced on September 1, 2014. The EPS is run by retirement body EPFO. According to a press release issue by the committee, thousands of pensioners covered under EPS-95 are set to gather at Jantar Mantar, New Delhi, on August 5, as part of a nationwide protest demanding long-pending pension reforms. The demonstration has been called by the EPS95 National Agitation Committee, which says years of representations, peaceful protests, and appeals to the government have failed to bring any meaningful policy decision, it stated. The committee's key demands include raising the minimum monthly pension to Rs 7,500, providing Dearness Allowance (DA), extending free medical facilities t

Axis Pension Fund targets 500K new subscribers and ₹30,000 crore AUM

The pension fund manager expects onboarding through BHIM, Google Pay and PhonePe, along with new products, to drive subscriber growth in FY27

Annuity plans: Compare payouts from various options, understand trade-offs

To tackle inflation, consider hybrid or increasing annuities, or combine fixed annuity with mutual funds; for legacy planning, opt for return-of-premium options

Kerala's assured pension plan offers 50% pay: Rules & eligibility explained

State employees can choose between NPS and assured 50% pension scheme

PFRDA launches NPS Swasthya Pension Scheme under regulatory sandbox

PFRDA has approved a pilot NPS Swasthya Pension Scheme under its regulatory sandbox to test health-linked benefits, allowing medical withdrawals and premature exits for treatment

PFRDA sets up expert panel SAARG to modernise NPS investment framework

PFRDA has set up a high-level expert panel, SAARG, to review and modernise the NPS investment framework, focusing on asset allocation, risk governance and long-term returns

PFRDA forms expert committee to frame assured payout mechanism under NPS

PFRDA CHAIrman S Ramann saiD Access to Pension Products is essential for every Citizen as long-term financial security cannot be left to chance

Pension parking lot expanded to gold and silver ETFs, AIFs, Invits

PFRDA has overhauled NPS investment rules, allowing wider exposure to AIFs, REITs, InvITs, commodities, IPOs and a broader equity universe to boost returns and deepen diversification

PFRDA allows $177 bn NPS funds to expand investments into more assets

The Pension Fund Regulatory and Development Authority will partly permit investment in select debt securities where 'rating from only one credit rating agency will be sufficient'

Two banks submit applications to start pension funds: PFRDA chairman

PFRDA chief S Ramann said two banks have applied to launch pension funds as regulator expands outreach to smaller cities, explores tech partnerships and plans to allow gold and silver ETF investment

Explained: India's pension system ranked lowest in world, Singapore tops

According to the Global Pension Index 2025, few nations have cracked the code, with the Netherlands, Iceland, and Denmark leading, and India, Philippines, and Thailand among those lagging far behind

PFRDA to introduce multiple scheme framework for NPS from October 1

From October 2025, NPS subscribers in the non-government sector can hold multiple schemes under one PRAN, with equity options up to 100 per cent and PAN-based consolidated reporting

Tax break for global funds extended: what it could mean for your portfolio

Extension of tax breaks till 2030 aims to deepen foreign inflows in infra, but retail investors may only see limited indirect gains, say experts

Public sector banks lose big as pension fund deposits plunge 87% in 5 years

Public sector banks see sharp erosion in pension fund and household deposits, while private banks capture larger shares amid rising demand for returns and convenience

Lost your PPO number? Here's how you can find it online, and offline

Your PPO number is key to pension access. Retrieve it easily online via EPFO, UMANG, DigiLocker, or visit your bank for offline help.

Pension administration needs urgent, systemic reforms: MoS Jitendra Singh

Union minister Jitendra Singh called for urgent reforms in pension administration, given that the number of central government pensioners now exceeds serving staff and a number of pending legal cases

Govt appoints S Ramann as new PFRDA chairperson, to succeed Deepak Mohatny

The government has appointed Deputy CAG S Ramann as Chairperson of pension fund regulator PFRDA. Ramann would replace incumbent Deepak Mohanty whose term comes to an end in May 2025. The Appointments Committee of the Cabinet (ACC) has approved the appointment of Sivasubramanian Ramann, Deputy Comptroller & Auditor General, to the post of chairperson, Pension Fund Regulatory and Development Authority (PFRDA), a government notification dated April 1 said. The ACC has approved his appointment for a tenure of five years or till he attains age of 65 years, it said. Ramann, presently serving as Deputy CAG, belongs to 1991 batch of Indian Audit & Accounts Service (IA&AS). He has also served as Chairman & Managing Director, Small Industries Development Bank of India (SIDBI), for 3 years between 2021 and 2024. Before joining SIDBI, he was MD & CEO of National E-Governance Services Limited (NeSL). Prior to joining NeSL, Ramann was the Principal Accountant General (Audit), ...

PFRDA issues regulations for implementation of Unified Pension Scheme

The enrolment and claim forms for all these categories of central government employees will be available online on the Protean CRA website from April 1, 2025

Tata AIA Life Insurance's latest NFO offers smarter retirement planning

Multicap Momentum Quality Index Pension Fund will invest in companies that align with the Multicap Momentum Quality 50 Index

Judges' pensions as low as Rs 10,000: SC calls situation 'pitiable'

The Supreme Court had earlier ruled that pensionary benefits must be calculated based on the past drawn salary as a High Court judge, ensuring parity across the judiciary