Page 6 - Retirement
Eoin Morgan retires, draws curtains on glorious international career
After England's dismal failure at the 2015 Cricket World Cup, Morgan spearheaded the team's white-ball transformation to a bold, attacking approach and unprecedented heights.
 "Eoin Morgan retires, draws curtains on glorious international career")
Cryptocurrencies becoming a popular option in US to fund retirement
Some 27% of Americans aged 18-60 - around 50 million people - have owned or traded crypto in the past six months, a poll published last week by crypto exchange KuCoin found
 "Cryptocurrencies becoming a popular option in US to fund retirement")
India's retirees tap savings, cut down expenses as living costs soar
Sharply rising prices are hitting older people the world over as global supply problems caused by the pandemic -- and made worse by the Ukraine war -- propel food and fuel costs higher
 "India's retirees tap savings, cut down expenses as living costs soar")
EPFO adds 1.41 million subscribers in February, 14% increase from last year
According to the statement, the month-on-month comparison of payroll data reflects a slight increase of 31,826 net subscriber addition in February, 2022 compared to January, 2022
 "EPFO adds 1.41 million subscribers in February, 14% increase from last year")
What is One Rank, One Pension?
The Supreme Court on March 16th upheld the 'one rank, one pension' scheme launched in 2015 and declined to interfere with the policy. Our next report takes a deep dive into the scheme
 "What is One Rank, One Pension?")
Avoid financial dependence on children post retirement
Making adequate provision for your spouse and yourself for a prolonged period of retirement must take precedence over distributing your wealth among your children
Challenge for EPFO as gap between govt yields and scheme's returns widen
EPFO invests mostly in central and state govt securities. Its earnings from these instruments are largely used to pay interest to its subscribers
 "Challenge for EPFO as gap between govt yields and scheme's returns widen")
AP issues ordinance raising retirement age of govt employees from 60 to 62
The Andhra Pradesh government on Monday enhanced the retirement age for its employees by two years to 62.
 "AP issues ordinance raising retirement age of govt employees from 60 to 62")
Ohio retirement fund sues Facebook, blames investment loss on website
Facebook said it was looking out for our children and weeding out online trolls, but in reality was creating misery and divisiveness for profit, Ohio Attorney General Dave Yost said in a statement.
 "Ohio retirement fund sues Facebook, blames investment loss on website")
Don't delay retirement planning; estimate corpus as first step: Experts
Use a mix of equity funds, PPF, EPF and NPS; review and correct course periodically
 "Don't delay retirement planning; estimate corpus as first step: Experts")
Infosys COO Pravin Rao set to retire, co to announce new structure soon
Infosys on Wednesday said its Chief Operating Officer Pravin Rao will be retiring in the third quarter of the current fiscal and the company will announce a new corporate structure soon.
 "Infosys COO Pravin Rao set to retire, co to announce new structure soon")
Those joining NPS after 65 yrs of age can take up to 50% equity exposure
Any Indian citizen and Overseas Citizen of India (OCI) in the age group of 65-70 years can also join NPS and continue up to the age of 75 years
 "Those joining NPS after 65 yrs of age can take up to 50% equity exposure")
Split portfolio into various segments to keep cash flow at retirement
Use equities to keep your wealth growing, fixed-income instruments and annuities to generate cash flow
Over 81K paramilitary personnel took voluntary retirement since 2011: MHA
More than 81,000 personnel of the paramilitary forces such as the CRPF and the BSF have taken voluntary retirement in the last decade, the maximum of over 11,000 in 2017 alone.
 "Over 81K paramilitary personnel took voluntary retirement since 2011: MHA")
Maharashtra to raise age limit for retirement of health dept officials
Maharashtra Cabinet approved a proposal to extend the age limit for the retirement of Health Department officials from 61 years to 62 years, said state Health Minister Rajesh Tope
 "Maharashtra to raise age limit for retirement of health dept officials")
Govt extends superannuation age of LIC chairman to up to 62 years
The government has extended the superannuation age of IPO-bound LIC Chairman to up to 62 years by making amendment to the Life Insurance Corporation of India (Staff) Regulations, 1960.
 "Govt extends superannuation age of LIC chairman to up to 62 years")
EPFO adds over 1.27 million subscribers in April, an increase of 13.73%
Net new enrolments with retirement fund body EPFO increased by 13.73 per cent to 12.76 lakh in April from 11.22 lakh in March this year, according to payroll data released on Sunday.
Babus taking up a private job soon after retirement akin to misconduct: CVC
In an order, the CVC has outlined procedure for government organisations for obtaining vigilance clearance for retired-babus before employing them.
 "Babus taking up a private job soon after retirement akin to misconduct: CVC")
New Zealand wicket-keeper Watling to retire after Test Championship final
New Zealand wicket-keeper batsman B J Watling announced that he will end his over-decade-long career in all forms of cricket after the World Test Championship final against India next month
 "New Zealand wicket-keeper Watling to retire after Test Championship final")
 "Top 5 Post Retirement Risks That You Need To Account For")
