New Pension Scheme

Centre allows one-time switch from Unified Pension Scheme to NPS – Check terms

In an office memorandum, the Finance Ministry said a one-time, one-way switch facility will be available to all UPS subscribers

Pitiable: Supreme Court on meagre pension of retired high court judges

The apex court asked the authorities to have a "humane approach" instead of adopting a "legal approach".

11% return on the pension corpus would mean no additional burden for the government

If returns are below 11.5 percent, burden may increase on the government

Govt likely to offer assured base pensions in compromise with states: Report

Modi has been forced to re-look at the current pension system, adopted after a significant fiscal reform in 2004, as some states switched back to the older, fiscally straining system of fully funding a guaranteed pension.

New scheme with minimum assured returns will have high premium cost: PFRDA

The total NPS and Atal Pension Yojana assets under management currently stand at Rs 9.4 trillion which is 14% of GDP.

Sustainability a critical issue in unfunded pension schemes like OPS, no uncertainty in NPS: PFRDA chairman

A finance ministry-instituted committee to review NPS for government employees will look at improving the pension system further.

The SVB collapse holds out lessons for NPS hard-liners

From the Silicon Valley Bank collapse in the US to champions of new pension scheme in India, risk is being ignored by many stakeholders

FM Nirmala Sitharaman Interview: Moving to old pension scheme is unwise

FM Nirmala Sitharaman Interview: Moving from the New Pension Scheme (a defined contribution system) to the Old Pension Scheme (a defined benefit system) can bring more financial burden to states and the country. This, Finance Minister Nirmala Sitharaman said, can be trouble for future generations.

States should consider Fiscal, economic implications of move to old pension scheme: FM

NPS was implemented in 2004 by the BJP-led NDA government at the Centre to cut mounting pension bills. However, Under the old pension scheme, government employees used to get a guaranteed pension.

Minimum assured return NPS plan for risk-averse investors on the cards: PFRDA chief

Citizen and corporate models to grow fastest going forward; approval for minimum assured return scheme expected soon, says PFRDA chief Supratim Bandyopadhyay

Old Vs New Pension Scheme | What’s The Difference And Which One Is Better? | MC Explains

One of the compelling reasons of the switch from old pension scheme to the new one was the ballooning of pension bills. But was it a good move? What are the key differences between the old and new pension schemes? Which one is better? Why are state governments pushing to go back to the old pension scheme? Watch the video to find out!

Centre has no proposal for restoration of old pension scheme, junior fin min says

Rajasthan, Chhattisgarh and Jharkhand have been informed that there is no provision for return of NPS funds

Pension Politics: The old pension scheme threatens the new

Pensions comprise 12.4 percent of the revenue expenditure of the 10 most indebted states. If the NPS is junked in favour of the old scheme, the burden will shift to future generations.

HP: Govt employees to hold protest outside Vidhan Sabha demanding old pension scheme today

The state employees had previously held a protest outside the Vidhan Sabha demanding the implementation of the old pension scheme during the Budget Session on March 3.

Govt raises family pension for PSB employees; employer contribution to NPS also increased

Panda said a dozen PSBs have become leaner and started delivering profits which have upped the investor confidence in them and made them self-dependent for capital raising.

Guj HC notice to govt on PIL against New Pension Scheme

The Gujarat High Court has issued notice to the central and state governments over a PIL challenging the validity of the market-linked New Pension Scheme (NPS), applicable to government employees who joined on or after January 1, 2004.

What does the insurance industry expect from Budget 2016?

India has immense potential as an insurance market. But it needs some serious support from the government if that potential is to be achieved, starting with more tax incentives for buying personal insurance policies. That's the crux of the insurance sector's wish list for Budget 2016.

Tata Steel: 4 UK labour unions approve new pension scheme

The four labour Unions in UK have unanimously approved Tata Steel‘s new pension scheme, say sources. 85 percent of workers have voted in favour of this scheme.

Budget raises tax deduction limit to Rs 4.44L for I-T payer

In the Budget for 2015-16, Finance Minister Arun Jaitley has proposed raising the tax deduction limit by Rs 10,000 for payment towards health insurance premium.

Union Budget 2015: Workers may get to opt between EPF&NPS; ESI&life insurance

The proposal to provide these options to organised sector workers was announced today by the Finance Minister Arun Jaitley in his Budget speech for 2015-16. It is also proposed that for workers getting wages below a certain threshold, contribution to EPF (Employees' Provident Fund) will be optional.