Page 3 - Retirement

Dhawan retirement: Looking at Gabbar's journey of becoming white-ball great

In a career that spanned over 14 years, the calmness that Dhawan exuded on and off the field was one characteristic that set him apart from the other stalwarts of Indian cricket

NMC asks to adopt pay scale, retirement code of Delhi Aiims in all medicos

A task force of the National Medical Council (NMC) has proposed that the pay scale structure and retirement policy of AIIMS, Delhi be adopted for all medicos to ensure equity and promote job satisfaction. In its report, the 'National Task Force on Mental Health and Well-being of Medical Students' of the NMC, cited the UGC and AICTE pay scales, calling for standardisation of its policies. "...interns, post-graduate students, senior residents, super-specialty students, and medical teachers should be compensated according to the AIIMS, New Delhi pay scale across all medical colleges, regardless of whether they are private, public, state, central, deemed university, or any other type of institution," the task force said. Private practice for medical teachers should be prohibited to ensure the highest quality of medical education, the report added. "Standardising pay scales, retirement and rotational headship policies across institutions ensures equity and attracts high-quality faculty.

Air India unveils voluntary retirement, separation schemes before merger

The Tata Group-owned airline introduced voluntary retirement scheme for employees with at least five years of service, and voluntary separation scheme for those with less than five years of service

Yes, you can save too much for retirement: Here's what you must know

While everyone feels as though they haven't saved enough, 77% of retirees say they are "living comfortably"

Ageas Federal launches 'Golden Years Pension Plan' for secure retirement

The fund based on market outlook, aims for steady returns through active management, diversification, and a blend of growth and value investing

Protect market gains, book your profit: Top personal finance stories

Also this week, we write about why Indians love Frontier food

After consecutive defeats, footballer Bhaichung Bhutia quits politics

Indian football icon Bhaichung Bhutia on Tuesday announced that he was quitting politics, following his defeat in the recently held assembly elections in Sikkim. Bhaichung, the vice president of the Sikkim Democratic Front (SDF), lost to SKM's Rikshal Dorjee Bhutia in the Barfung seat, which marked his sixth electoral defeat. He joined politics in 2014 when the ruling TMC in West Bengal named him as its candidate for the Darjeeling Lok Sabha seat. In 2018, he took the plunge into the political arena of his state by forming the Hamro Sikkim Party. Last year, he merged his party with the Pawan Chamling-led SDF. "Firstly, I would like to congratulate Mr PS Tamang and the Sikkim Krantikari Morcha (SKM) for winning the assembly elections. The people of Sikkim have given them a resounding mandate and I hope the SKM govt will work to fulfil their promises and take Sikkim to greater heights across all sectors," he said in a statement. "After the 2024 election results, I have had the ...

MS Dhoni to undergo muscle tear surgery, retirement decision after recovery

Veteran cricketer Mahendra Singh Dhoni will visit London for a muscle tear surgery. It will take him five to six months to recover completely; the retirement decision will be taken thereafter

Succession plans at JPMorgan Chase well on the way: CEO Jamie Dimon

Earlier this year - about halfway through Dimon's five-year retention package - the 68-year-old CEO moved some of his top lieutenants into new senior roles

Bandhan Bank CEO Chandra Shekhar Ghosh to step down after tenure

'I started with my own savings, contributions from some relatives and borrowings from moneylenders. Once the model was proven, financial institutions came forward to lend and support.'

Planning your retirement? PGIM India Mutual Fund launches a new fund

The fund invests in a mix of assets, including stocks, bonds, and real estate investment trusts (REITs).

EPFO adds net 1.6 mn members in January; 808,000 enroll for 1st time

Retirement fund body EPFO added a net 16.02 lakh subscribers in January 2024, according to payroll data released on Sunday. Around 8.08 lakh members were enrolled for the first time in January 2024, a labour ministry statement said on Sunday. The Employees' Provident Fund Organization's (EPFO) provisional payroll highlighted that the EPFO has added 16.02 lakh members on a net basis in January 2024, the ministry said. A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 56.41 per cent of the total new members added in January 2024 indicating the majority of individuals joining the organized workforce are youth, primarily first-time job seekers. The payroll data highlighted that approximately 12.17 lakh members exited and subsequently rejoined EPFO. These members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead of applying for final settlement thus, ..

'This is not true': Pugilist Mary Kom rubbishes reports of retirement

Mary Kom retirement: The boxer said that even if she cannot participate in the Olympics anymore, she will still carry on with the sport

Investment by EPFO in ETFs crosses Rs 2.5 trillion: Rameswar Teli to LS

The body had invested Rs 14,983 crore in ETFs in 2016-17, Rs 24,790 crore in 2017-18, Rs 27,974 crore in 2018-19, Rs 31,501 crore in 2019-20, and Rs 32,071 crore in 2020-21, according to the reply

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

Retirement planning for self-employed: Invest in NPS, PPF and MF SIPs

Instead of reinvesting all surplus in business, invest a part in accumulating a corpus

Retirement planning, secondary sources of income rise up the priority list

67% Indians now have retirement plan compared to 49% in 2020

India's retirement system improved to some extent from last year: MCGPI

Even as India's retirement system has improved to some extent from last year, the country ranked 45 out of the 47 retirement income systems analysed, a report said on Tuesday. India had an overall index value of 45.9 from 44.5 in 2022, ranking 45 out of the 47 retirement income systems analysed primarily due to improvement in adequacy and sustainability sub-indices, according to the 15th annual Mercer CFA Institute Global Pension Index (MCGPI). The Netherlands had the highest overall index value (85.0), closely followed by Iceland (83.5) and Denmark (81.3). Argentina had the lowest index value (42.3), it added. This year, the Global Pension Index compares 47 retirement income systems across the globe and covers 64 per cent of the world's population. The Global Pension Index uses the weighted average of the sub-indices of adequacy, sustainability and integrity to measure each retirement system against more than 50 indicators. The 2023 Global Pension index includes three new retirem

Retired comfortably: Old age homes that are worth the investment

Such properties are designed for the elderly and give them company and security

Home safe in retirement, best online shopping: Top personal finance stories

Our best stories this week are about housing projects for the elderly and how to get the best festive season deals