Page 9 - Pensions

Pension amount of destitute women will be increased in near future: UP CM

He also mentioned that the government has decided to increase the amount from Rs 15,000 to Rs 25,000 from the next financial year under Chief Minister Kanya Sumangala Yojana

IT, consulting firms lead NPS adoption in private space: PFRDA data

IT and consulting firms account for 131,354 subscribers, followed by the private banking sector, which has 59,521 subscribers, and financial services, which has 38,914 subscribers

A snapshot of guaranteed pension plans offered by various firms

Here is how the guaranteed pension plans offered by various companies stack up

NPS adoption by govt sector at 5 month high in August, shows NSO data

Earlier, 85,586 new subscribers had joined the NPS in March 2023

Higher pension issue likely on EPFO central board of trustees meet agenda

While the full agenda is not clear, sources familiar with the matter say that the issue of higher pension which has protracted for a long time now might come up in the meeting

Indians believe Rs 1.3 cr corpus is ideal for retirement: Is this enough?

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

BJP's 'fake nationalism' visible: Kharge on new armed forces pension rules

Congress chief Mallikarjun Kharge on Saturday slammed the BJP over the new disability pension rules for armed forces personnel, alleging that its "fake nationalism" is yet again visible through the move. The Narendra Modi government is a "habitual offender" in working against the welfare of jawans, ex-service personnel and veterans, he alleged in a post on X. According to media reports, the All India Ex-Servicemen Welfare Association has strongly protested against the new policy on disability and death benefits of defence personnel and their widows. The policy was made public on Wednesday by the Ministry of Defence. In his post on X, Kharge said, "BJP's fake nationalism is yet again visible in the new disability pension rules for our brave Armed Forces!" Around 40 per cent of Army officers retire with disability pension and the change in the present policy will flout multiple past judgments, rules and acceptable global norms, he said. "The All India Ex-Servicemen Welfare Associati

Higher pension: EPFO extends deadline to upload wage details till 31 Dec

Till 12 July this year, close to 1.8 million pensioners have applied for the higher pension option, of which 5.52 lakh applications for validation of option/joint options are still pending

Six Congress guarantees for Telangana: Housing, electricity, pension & more

The Congress party has begun its campaign in Telangana with the promise of financial aid to students and special assistance to women, including LPG cylinders at Rs 500 and Rs 2,500 per month

No pension, PF for I-T, GST tribunal members under amended tribunal rule

Earlier, serving judges of the High Court or the Supreme Court were appointed as chairperson or a member while staying in their existing service, and were entitled to pension and other benefits

UK, India agree pensions and insurance partnership, says British FM

Britain and India have agreed to launch partnership to boost cross-market investment by insurance and pension sectors, Britain's finance ministry said

Campaign to promote submission of digital life certificate launched by Govt

The Centre will launch a mega campaign in November to promote the submission of digital life certificate by pensioners, an official statement issued on Wednesday said. Submission of life certificates is an important activity to be carried out by pensioners every year in the month of November (with a special provision for pensioners aged 80 years and above to submit them in October) to ensure the continuity of their pension. To enhance the ease of living' of central government pensioners, the Department of Pension & Pensioners' Welfare (DoPPW) has been promoting digital life certificate (DLC) i.e. Jeevan Pramaan' extensively, it said. "With a view to spread awareness amongst all the central government pensioners as well as the pension disbursing authorities for the use of DLC/face authentication technology to submit digital life certificates, DoPPW launched a nationwide campaign in November 2022 in 37 cities throughout the country. The campaign was a huge success with more than 35 .

No proposal to increase amount of minimum pension: Govt in Lok Sabha

There is no proposal to increase the amount of minimum pension/family pension, Union Minister of State for Personnel Jitendra Singh said on Wednesday. The amount of minimum pension/family pension under the central government is Rs 9,000 per month, he said in a written reply to a question in the Lok Sabha. Singh said there are 44,81,245 pensioners, including 20,93,462 family pensioners and the government incurred an expenditure of Rs 2,41,777.55 crore on them during 2022-23. "There is no proposal to increase the amount of minimum pension/ family pension. The pensioners/ family pensioners are entitled to dearness relief, based on changes in prices, from time to time," he added.

NPS adoption by CPSEs decreases 42.5% to a five-month low in May

The share of women subscribers improved marginally to 22.2 per cent, from 21.9 per cent in April

EPS-95 pensioners to go on hunger strike, demand Rs 7,500 monthly pension

Pensioners body EPS-95 National Agitation Committee on Wednesday said its members across the country and in the national capital will go on hunger strike on Thursday to press for their demand of Rs 7,500 minimum monthly pension. Presently, the pensioners under the Employees' Pension Scheme 1995 (EPS-95) run by Employees' Provident Fund Organisation (EPFO) have a minimum monthly pension (entitlement) of Rs 1,000 which was introduced in September 2014. "The EPS-95 National Struggle Committee, representing retired employees from industrial/public/cooperative/private sectors, known as EPS95 pensioners, who dedicated their service to the nation's development, is facing dire circumstances due to extremely low pension amounts," a statement by the body said. It stressed that these pensioners are living in distressing conditions and losing their dignity within their families and society due to the meager pensions they receive. Therefore, on 20th July 2023, Commander Ashok Raut, National ...

Deadline for higher pension ends tomorrow: Should you opt for it?

The government backed EPF higher pension scheme allows EPF members to have the option to contribute an additional amount to their pension fund

Centre holds outreach programme with pensioners' association: DoPPW

Senior officials of the Department of Pension & Pensioners' Welfare (DoPPW) under the Union Personnel Ministry has conducted an outreach programme with a pensioners' association here aimed at enhancing their ease of living, according to an official statement issued on Saturday. The DoPPW has been holding awareness programmes for pensioners in online mode as well as through interactive meetings to dispense information and also to understand issues faced by pensioners as well as dwell on any suggestions forwarded by them. As part of the outreach programme of DoPPW, meetings are held with these associations, online as well as physically, at regular intervals, said the statement issued by the Personnel Ministry. One such meeting was held with Bharat Pensioners' Samaj, a registered pensioners' association, for which V Srinivas, Secretary (DoPPW), Sanjiv Narain Mathur, Additional Secretary, DoPPW and other officials from the department visited the association's office at Jangpura, Delhi

National Pension Scheme to add 1.3 million new subscribers in FY24

To roll out systematic withdrawal plan in October

Haryana announces Rs 2,750 monthly pension for unmarried people aged 45-60

Chief Minister Manohar Lal Khattar further announced that widowers in the age group of 40 to 60 will get a monthly pension of Rs 2,750, provided their annual income is less than Rs 3 lakh

Haryana govt announces monthly pension for unmarried, widowed people

The Haryana government on Thursday announced a pension of Rs 2,750 per month for low-income unmarried people aged between 45 and 60. A similar scheme was unveiled for widowed men and women. The state government already provides a monthly pension to low-income people above 60. Chief Minister Manohar Lal Khattar on Thursday said unmarried men and women who are in the age group of 45-60 and have an annual income of less than Rs 1.80 lakh will get a pension of Rs 2,750 per month. Similarly, widowed people in the age bracket of 40-60 who have an annual income of less than Rs 3 lakh will also get Rs 2,750 every month, he said. This move will put an additional burden of Rs 240 crore per annum crore on the state exchequer. Khattar said there are a total of around 65,000 unmarried men and women and 5,687 widowers in the specified age group and income limit. He said the monthly income will help these people meet their personal needs. "Those whose income is very less, they will get some he