Page 14 - Pensions

Indian pension system ranked 40th among 43 systems: Mercer study

The Indian pension system ranked 40th on overall index ranking out of 43 systems, and had the lowest rank in the adequacy sub-index, according to a study

Assam CM issues directions for smooth disbursal of pension in the state

Himanta Biswa Sarma Sunday issued directions to officials for smooth disbursal of pension to state government employees

PFRDA kick-starts pension awareness campaign; observes NPS Diwas on Oct 1

Ahead of NPS Diwas next month, pension regulator PFRDA has kick-started a campaign to create awareness about the need for a pensioned society in the country.

Pensioners body seeks PM intervention in release of DA, DR arrears

Bharatiya Pensioners Manch (BMS) has sought intervention of PM for the release of dearness allowance (DA) and dearness relief (DR) arrears for central govt employees and pensioners at the earliest

A joint forum of pensioners named NCPO formed to raise key issues

The camp office of the NCPO will be at Delhi.

Those joining NPS after 65 yrs of age can take up to 50% equity exposure

Any Indian citizen and Overseas Citizen of India (OCI) in the age group of 65-70 years can also join NPS and continue up to the age of 75 years

Employees' pension scheme: SC refers pleas against HC order to larger bench

The Supreme Court referred the pleas challenging the 2018 verdict of the Kerala High Court which had set aside the Employees' Pension scheme 2014, to a larger three-judge bench for adjudication.

'NPS' non-govt subscriber base crosses 3 mn-mark; corpus to hit Rs 1 trn'

The corporate and retail sector subscriber base under the NPS has crossed over 30 lakh as on date, and the corpus under these is about to reach a landmark Rs 1 lakh crore-mark, PFRDA Chairman said

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

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.

Proposed NPS tweaks will offer greater flexibility, say analysts

But systematic withdrawal plan carries risk that retirees may overdraw

Govt to start family pension of employees died due to Covid: Jitendra Singh

All central government secretaries have been asked to monitor cases of in-service death of employees due to COVID-19 and ensure the start of family pension within a month

Kerala polls: LDF releases manifesto, assures pension for all housewives

The manifesto was released at the AKG centre in Thiruvananthapuram by the CPM state secretary-in-charge A Vijayaraghavan, CPI Secretary Kannan Rajendran and other leaders

Startups to gain as investment rules ease for pvt domestic pension funds

Indian capital has yet played a small role in the growth of domestic startups, but that could change after the ministry freed alternative investment funds

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

Canada fund shrugs off past experience, renews interest in Indian realty

Three of its Indian partners went ahead and formed similar JVs with other investors in the past.

Government liberalises income criteria for grant of family pension

The Centre has issued instructions to liberalise the income criteria for eligibility of a deceased government servant or pensioner's family member for pension

Mamata presents vote on account, announces pension for all ahead of polls

Banerjee, while criticising the Centre for not extending "necessary help", insisted the state tirelessly undertook welfare measures for its people

Senior citizens: Strike a balance between tax saving and liquidity

They must also maximise the utilisation of the higher deductions available to them

Purchase annuities in a staggered manner to get a better rate of return

Buy plans that do not have return of purchase price option, at a later age, to get a better rate of return