Page 15 - Pensions
Pension assets under management at Rs 5.49 trn as of Dec 2020: PFRDA
Total assets under management in government's flagship social security schemes -- National Pension System (NPS) and Atal Pension Yojana (APY) -- stood at Rs 5,48,913 crore at end-December 2020
 "Pension assets under management at Rs 5.49 trn as of Dec 2020: PFRDA")
EPFO extends deadline to submit life certificate by pensioners till Feb 28
The pensioners who could not submit their life certificates till November 30 deadline, would get pension every month till February
 "EPFO extends deadline to submit life certificate by pensioners till Feb 28")
'Sunidhi' project to digitise provident fund, pension services of CMPFO
The government on Friday announced the launch of an ambitious information technology project 'Sunidhi' to digitise all provident fund and pension related activities of CMPFO
What makes the NPS so crucial to retirement planning in an ageing India
India still does not have a "one retirement account" concept, with the intended money distributed across various schemes. Pension fund managers are underlining NPS as the preferred way ahead
 "What makes the NPS so crucial to retirement planning in an ageing India")
Salaried class pours, informal workers pare pension money: PFRDA data
Contributions towards pension rose as new subscriber growth fell in April-July
 "Salaried class pours, informal workers pare pension money: PFRDA data")
Contribution-based pension accounts for new EPFO subscribers soon
The move will help higher-income group workers to get higher pensions and is aimed at making the pension fund of the EPFO, which is in deficit, more sustainable
 "Contribution-based pension accounts for new EPFO subscribers soon")
Govt plans to integrate e-PPO with DigiLocker for civil pensioners
The Centre has planned to integrate the electronic Pension Payment Order (e-PPO) with DigiLocker in order to enhance ease of living of Central government civil pensioners.
Delhi HC directs North DMC to release pension of employees by August end
The Delhi High Court on Monday directed the North Delhi Municipal Corporation (DMC) to release the pension of its retired employees, payable for the month of April this year, by the end of August.
 "Delhi HC directs North DMC to release pension of employees by August end")
Central, state employees join 'restore old pension' campaign on Twitter
A large number of central and state employees on Friday joined a Twitter campaign to demand restoration of the old pension scheme
EPFO allows regional offices to settle PF claims from other centres
Since April 1, EPFO has been settling claims for withdrawal of special Covid-19-related advances within three days. It has settled over 80,000 claims amounting to Rs 270 cr on daily basis since April
Statsguru: Economy was in grips of a slowdown even before Covid-19 hit
Manufacturing is weakening, as is the job-generating construction sector
 "Statsguru: Economy was in grips of a slowdown even before Covid-19 hit")
Banks adopting different procedures for pensioners: All you need to know
Pension disbursing banks will also accept Aadhaar-enabled digital life certificate "Jeevan Pramaan", according to guidelines
 "Banks adopting different procedures for pensioners: All you need to know")
Delhi govt freezes DA, DR for 220,000 employees, pensioners till July 2021
The dearness allowance for employees and dearness relief for pensioners were due from January 2020
 "Delhi govt freezes DA, DR for 220,000 employees, pensioners till July 2021")
Centre's dearness allowance move to save Rs 11,000 crore from military
The salary freeze will affect the military's 1,500,000 serving men and women - 1,265,000 in the Army, 83,500 in the Navy and 155,000 in the Air Force.
 "Centre's dearness allowance move to save Rs 11,000 crore from military")
No pension cut to central govt employees: FinMin refutes news of 20% cut
"It is being reported that a 20 per cent cut in central government pensions is being planned. This news is false," the ministry tweeted.
Small savings schemes continue to score despite the steep rate cut
Despite the steep rate cut, you are unlikely to find better paying schemes without taking excessive risk
 "Small savings schemes continue to score despite the steep rate cut")
PPF to fetch 7.1%, NSC 6.8% as govt cuts small savings interest rates
This is because the government went for one of the steepest cuts of up to 1.4 percentage points in these interest rates to facilitate banks to lower their rates.
 "PPF to fetch 7.1%, NSC 6.8% as govt cuts small savings interest rates")
Coronavirus: EPFO to disburse pension early to 6.5 mn account holders
Earlier this month, the EPFO had issued a statement asking its subscribers to avail online for availing various facilities, including for their provident fund claims
 "Coronavirus: EPFO to disburse pension early to 6.5 mn account holders")
ELSS: Get potentially higher returns with shortest lock-in tenure
Give these equity-linked instruments at least seven years to yield good returns
 "ELSS: Get potentially higher returns with shortest lock-in tenure")
Govt to give special family pension to soldiers who get re-employed
The government has been receiving grievances from various quarters for grant of dual family pension including special or liberalised family pension for armed forces personnel on lines of government
