Page 15 - Pensions

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

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

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

'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

Salaried class pours, informal workers pare pension money: PFRDA data

Contributions towards pension rose as new subscriber growth fell in April-July

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