Page 9 - Pensions

Pensioners generate 11.5 million digital life certificates: Centre

As many as 1.15 crore digital life certificates were generated by pensioners across the country during the recently concluded special campaign, an official statement issued on Friday said. Union Minister of State for Personnel, Public Grievances and Pensions Jitendra Singh complimented the Department of Pension and Pensioners Welfare for the successful conclusion of the nationwide digital life certificates (DLCs) campaign 2.0 from November 1 to 30, it said. He said that the campaign was conducted to implement the vision of Prime Minister Narendra Modi for the digital empowerment of Pensioners, according to the statement issued by the Personnel Ministry. Singh said the government was deeply committed to improving pensioners' welfare and the campaign was an important step for the ease of living of pensioners. During the nationwide campaign, which was held in 100 cities at 597 locations, 1.15 crore DLCs were generated, including 38.47 lakh for central government pensioners, 16.15 lakh

RIL, ICICI, Infy to draw highest flows on US retirement fund switch

The flows in these four companies will range between Rs 1,200 crore and Rs 2,000 crore

US pension fund's index switch: Indian equity mkts set for $3.6 bn bonanza

Changing benchmark will trigger $3.6 bn inflows into domestic equities

New rules of NPS: Should you opt for systematic lump Sum withdrawal?

In a circular dated October 27, PFRDA proposed to provide the option of phased withdrawal of the lump sum through Systematic Lump Sum Withdrawal (SLW) facility

NPS Rules: PFRDA to allow users to withdraw up to 60 per cent pension fund

PFRDA has started the process of implementing new rules which will allow users to withdraw up to 60 per cent of their pension corpus. Here's all you need to know

Avoid withdrawing more from National Pension Scheme than you need

When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum

Jeevan Pramaan Patra: 5 convenient ways to submit your life certificate

Pensioners are required to furnish a life certificate/Jeevan Pramaan Patra to these PDAs in November every year either by presenting themselves personally or by delivering a life certificate

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.