Page 6 - Pension Schemes

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Universal Pension Scheme: New EPFO scheme may cover unorganised workers

If the scheme gets approved, the unorganised sector workers will put in a fixed amount with a flexibility of making voluntary payments.

NPS exit form to be treated as proposal to purchase annuity products: Irdai

Regulator eases rule for senior citizens taking annuity products from proceeds of National Pension Scheme

Income taxpayers can't join Atal Pension Yojana from Oct 1: Govt

Social security scheme should reach the poor and underprivileged, says official

Karnataka identifies 3.58 lakh bogus pension beneficiaries, saves Rs 430 cr

The state at present offers nine monthly pensions, including old age, disability, widows, unmarried/divorced women, transgenders, acid attack victims, and endosulfan patients

Andhra govt's plan to introduce pension scheme opposed by employees

The government conducted a meeting of the Joint Staff Council wherein it mooted the GPS, instead of doing away with the CPS

The NPS challenge

We need to hang in there, to create safety for pensioners and the Indian state

Tamil Nadu Govt employees expect restoration of old pension scheme

The announcements made by the Rajasthan and Chhattisgarh governments for restoring old pension schemes in their respective states have kindled the hopes of the government employees in Tamil Nadu.

Subscribers under PFRDA schemes increase 22% to 5.07 cr in Feb

The number of subscribers under two flagship pension schemes by PFRDA jumped 22 per cent year-on-year to more than 5.07 crore by the end of February

Rajasthan govt move to replace NPS with Old Pension Scheme sparks debate

The promise by the SP and the BSP in the ongoing Uttar Pradesh Assembly elections that they will revive the Old Pension Scheme (OPS) was dismissed as a political rhetoric by many

Rajasthan govt rewinds to guaranteed pension scheme in poll season

The move may encourage other state governments to go back to the old pension scheme as well, according to analysts

PFRDA subscriber base rises over 22% to 47.5 million in November

The subscribers in the category of central and state government employees of the National Pension System (NPS) rose by 4.71 per cent and 9.74 per cent, respectively

Plea before HC to include paramilitary forces under old pension scheme

A trust, which claims to be working for the cause of armed forces and their families, has moved the Delhi High Court to exclude the paramilitary forces from the new contributory pension scheme. The plea seeks a direction to the Centre to include the forces under the Ministry of Home Affairs (MHA) in the old pension scheme, in parity with the armed forces under the Defence Ministry. Humara Desh Humare Jawan Trust filed an application in a batch of petitions raising the same issue and pending adjudication before a division bench. On August 12, a bench headed by Chief Justice DN Patel had refused to entertain the trust's public interest litigation on the same issue, which was then withdrawn with liberty to avail other legal remedies or join the pending proceedings. The court had said that there was no need to have multiple petitions on the same issue and asked the trust to join the pending proceedings. In February 2020, a division bench had issued notice on a petition preferred by a

Deeply disturbed over changes in pension rules: Ex-civil servants to PM

The former civil servants said they were unable to understand why there was a need for such an amendment to the Central Pension Rules

Over 2,000 old-age pensioners added in Noida scheme for elderly in 2020-21

As many as 2,648 beneficiaries got added in Gautam Buddh Nagar for a monthly financial support extended by the Uttar Pradesh government under a pension scheme for the elderly, officials said

Saral Pension promises higher liquidity than existing plans: Details here

Surrender, loan options will encourage those wary of illiquid annuities

Irdai introduces 'Saral Pension', a standard individual annuity product

It is an immediate-anuuity product comes that all life insurers must start offering by April 1

PFRDA raises cap on fund management charges as it floats RFPs

There would now be four slabs, each attracting charges based on the quantum of assets under management

Over 4 mn subscribers enrolled under Atal Pension Yojana so far this fiscal

With the new additions, the total enrolments under the APY have crossed 2.63 crore, said the Pension Fund Regulatory and Development Authority (PFRDA) in the release

EPFO to use common service centres for life certification of pensioners

EPS pensioners are required to submit their life certificates each year to continue to draw pension