Pension Scheme

Pension alert: Jeevan Pramaan Patra deadline and download process explained

As the digital life certificate deadline nears, here's a step-by-step guide on how to download a digital copy of your Jeevan Pramaan Patra, the last date, and other relevant information

Jeevan Pramaan 2025: EPFO pensioners get free doorstep service via IPPB

India Post Payments Bank to offer facility for millions of EPS retirees

What numbers reveal: Why India's pension system is among bottom 3 globally

The Mercer report has flagged limited coverage of informal workers, poor adequacy, and regulatory fragmentation as key challenges for India's pension framework

Six states evince interest to join UPS, says PFRDA Chairman S Ramann

Recently the central government extended the deadline for eligible employees, past retirees, and legally wedded spouses of deceased retirees to exercise their option to join the UPS till 30 November

Zomato, HDFC Pension launch NPS model for delivery partners' benefit

Zomato and HDFC Pension have collaborated to introduce 'NPS Platform Workers Model' for delivery partners of the food delivery platform, in a bid to provide them access to formal retirement benefits. The model was formally launched by Finance Minister Nirmala Sitharaman at an event organised by the Pension Fund Regulatory and Development Authority (PFRDA) on October 1. "More than 30,000 delivery partners onboarded on Zomato have already generated their PRANs (Permanent Retirement Account Numbers) within 72 hours of this integration and the platform is committed to enable over 1 lakh delivery partners with their NPS retirement accounts within 2025," Zomato said in a statement. Zomato operates on a gig-first model, supporting an average of 5,09,000 independent monthly active delivery partners as of Q1 FY26. According to a NITI Aayog report, the number of platform workers in India is estimated to grow to 23.5 million by FY 2029-30. Currently, there exists a gap in terms of awareness a

PFRDA in talks with Sebi to allow pension funds in commodity derivatives

PFRDA chairman S Ramann said discussions with Sebi are underway to allow pension funds to trade in select commodity derivatives, with metals likely to be prioritised

Atal Pension Yojana adds 3.9 mn enrolments in FY26, total crosses 80 mn

Social Security scheme Atal Pension Yojana has crossed 8 crore total gross enrolments, with an addition of 39 lakh new subscribers so far in the current fiscal, the Finance Ministry said on Friday. APY was launched on May 9, 2015. "The Atal Pension Yojana (APY), a flagship social security scheme of the Government of India administered by PFRDA, has achieved a significant milestone by surpassing 8 crore total gross enrolments with an addition of 39 lakh new subscribers in the current Financial Year (FY 2025-26) alone," the ministry said in a statement. Launched with a vision to create a universal social security system for all Indians, APY is a voluntary, contributory pension scheme, focused on the poor, the underprivileged, and workers in the unorganised sector. APY assures a guaranteed monthly pension of Rs 1,000 to Rs 5,000 for the subscriber post-60 years of age, the same pension to the spouse after the subscriber's demise, and return of the accumulated corpus to the nominee aft

Centre announces unified pension scheme for retired NPS subscribers

The new scheme provides a guaranteed monthly pension, lump sum payout, and interest-bearing arrears for NPS subscribers who retired on or before 31 March 2025

Centre's new rule to deny pension to ex-govt staff in PSUs for misconduct

Centre amends pension rules: PSU employees dismissed for misconduct will now lose pension benefits from previous government service. Know what's changed under Rule 37 and its implications

Tata Motors pays ₹38,892 cr in taxes, levies in FY25, down 1% from FY24

Tata Motors has paid Rs 38,892 crore in tax and other contributions globally in 2024-25, a dip of 1 per cent as compared with Rs 39,344 crore in the FY24, according to its inaugural Tax Transparency Report. Direct contributions, including, corporate income tax, surcharge and cess stood at Rs 25,766 crore last fiscal as compared with Rs 29,199 crore in 2023-24 fiscal, as per the report. Indirect contributions, including withholding taxes collected from employee/payroll taxes, stood at Rs 12,189 crore in FY25, an increase of 31 per cent against Rs 9,284 crore in 2023-24 fiscal. Other contributions, including provisions for Provident Fund and Employee Pension Scheme, stood at Rs 937 crore last fiscal. It stood at Rs 861 crore in 2023-24 financial year. For the 2024-25 fiscal, the company's consolidated net profit stood at Rs 28,149 crore, compared to Rs 31,807 crore in the preceding financial year. Its total revenue in FY25 was Rs 4,39,695 crore, as against Rs 4,34,016 crore in ...

Retired a day before your annual pay hike?You might still get pension boost

Employees retiring just before their annual increment will now get a notional hike for pension, no arrears, but a big win for post-retirement income.

Hike minimum pension under EPS, complete evaluation by 2025: Panel

The EPS, which came into effect in November 1995, is administered by the Employees' Provident Fund Organisation

LIC Smart Pension Plan? FAQs about new retirement planning scheme answered

Annuity payment can be done yearly, half-yearly, quarterly and monthly, says company

Pension sector needs boost to improve social security coverage: Eco survey

The Economic Survey 2024-25 on Friday made a case for scalability of pension coverage to bring more people under the social security net. Despite significant advancements in the pension sector, just 5.3 per cent of the total population is covered by the National Pension System (NPS) and Atal Pension Yojana (APY) combined. "This highlights another critical aspect of the Indian pension system: scalability. Low costs are essential to enhance coverage meaningfully. Achieving this will require highly competitive, low-cost fund management and minimal transaction costs, which is particularly vital for small-ticket transactions," it said. In principle, it said, taking into consideration both scalability and sustainability, India's pension system design seems robust and stable, the survey tabled in Parliament said. NPS is one of the lowest-cost pension schemes globally and its framework is based on a defined contribution model, which ensures that future payouts are determined by market ...

Superannuation rule in UPS likely to discourage early retirement: Experts

Experts say that criterion may increase labour force participation

EPFO launches centralised pension system, benefitting 6.8 mn members

Retirement fund body EPFO has completed the Centralized Pension Payments System (CPPS) rollout in all its regional offices across the country that will benefit over 68 lakh pensioners, the labour ministry said on Friday. The CPPS is a paradigm shift from the existing pension disbursement system that is decentralised, with each zonal/regional office of EPFO maintaining separate agreements with only 3-4 banks, the ministry explained in a statement. Under CPPS, a beneficiary will be able to withdraw pension from any bank and there will be no need for to visit the bank for verification at the time of commencement of pension, and the amount will be immediately credited upon release, it stated. The CPPS system January 2025 onwards will also ensure disbursement of pension throughout India without any need for transfer of pension payment orders (PPO) from one office to another even when the pensioner moves from one location to another or changes his bank or branch, it said. This will be a

Money matters: States' pension bill growth slowed in FY23, says RBI report

Previously, the pension bill has increased by 13.4 per cent in FY22

Pilot run of new Centralised Pension Payments System successful: Mandaviya

Minister of Labour & Employment Mansukh Mandaviya on Friday announced successful completion of pilot run of new Centralized Pension Payments System (CPPS) under Employees' Pension Scheme 1995. The CPPS is a paradigm shift from the existing pension disbursement system that is decentralized, with each Zonal/Regional Office of EPFO maintaining separate agreements with only 3-4 banks, a labour ministry statement said. In CPPS, there will be no need for pensioners to visit the bank for any verification at the time of commencement of pension and the pension shall be immediately credited upon release, it stated. The minister mentioned in the statement that the pilot run was completed on October 29-30 with the pension disbursement of about Rs 11 crore for October 2024 to more than 49,000 EPS pensioners of Jammu, Srinagar and Karnal regions. Earlier, during the announcement of the new CPPS system, Mandaviya had said, "The CPPS marks a significant milestone in modernization of the EPFO. By .

Over 180k pensioners benefitted by govt's digital life certificate campaign

More than 1.8 lakh pensioners generated their digital life certificates on the very first day a special campaign was launched to promote it, the Centre said on Friday. The Department of Pension and Pensioners' Welfare (DoPPW) has launched the third nationwide digital life certificate (DLC) campaign, which is being held in 800 cities and districts across the country from November 1 to November 30. "This is the biggest-ever DLC campaign undertaken," said a statement issued by the personnel ministry. The total number of DLCs generated by Friday evening was 1.81 lakh, it added. The focus of the campaign is on promoting face-authentication technology. The Ministry of Electronics and Information Technology and the Unique Identification Authority of India (UIDAI) will provide technical support during the campaign. "Face authentication has been made more seamless and convenient for the elderly pensioners and can be used on Android as well as iOS," the statement said. The campaign is bei

Activists flag impact of 'digital exclusion' on country's pensioners

Pension Parishad and Mazdoor Kisan Shakti Sangathan (MKSS) said that 'digital exclusion' is impacting lakhs of pensioners across India, especially in Rajasthan. In a press conference on Tuesday, the MKSS said that pensioners from Rajasthan who were receiving a monthly pension between Rs 500-750, have not received any money for the past two years. This is particularly concerning since the pension amount was increased to Rs 1,000. The Pension Parishad shared testimonies from affected pensioners, including the elderly, disabled, and widowed individuals who have been denied their pensions due to various administrative and digital barriers, a statement stated. "Issues mentioned included wrongful death declarations, data mismatches, biometric authentication failures, and challenges in obtaining Aadhar IDs," it read. Nikhil Dey of Pension Parishad and MKSS, highlighted the compounded marginalisation faced by pensioners on account of their age, disability, or other vulnerabilities, describ