Pension Scheme

The Indian government is working on a Universal Pension Scheme that aims to provide financial security for all citizens, including gig workers, self-employed individuals, and informal sector workers. Will it replace NPS? How does it compare to global pension systems? Watch this video for a complete breakdown!

Working in the unorganised sector? Here’s how to secure your future with the Atal Pension Yojana

Launched by the Indian government, this scheme is specifically designed for people working in the unorganized sector but is open to any citizen between the ages of 18 and 40. If you're worried about your financial security post-retirement or just want to ensure you have a steady income later in life, APY can be a great option.

UPS ensures dignity, financial security: PM Modi, govt officials applaud Cabinet decision

Prime Minister Narendra Modi expressed pride in the scheme, highlighting its alignment with the government’s commitment to the well-being of its employees.

SCI divestment faces more hurdles as pension scheme and ongoing court case may delay process further: Sources

SCI is the midst of a court case for non-payment of medical dues to its employees. There is also no clear picture of how employees will be compensated after the demerger under the pension scheme of the company.

PFRDA allows NPS subscribers to deposit contributions through UPI QR code

To utilise D-Remit, subscribers must possess a virtual D-Remit ID with the trustee bank, it said, adding, this virtual account can only be used for remitting NPS contributions.

Pension Scheme Dilemma: OPS is fiscally unstable while NPS needs more strengthening

The primary task is to take the four states – Rajasthan, Chhattisgarh, Jharkhand, and Himachal – which implemented OPS between 2022 and 2023, back to NPS. This is easier said than done

India's pension scheme returns 'exceedingly good' versus benchmarks: Regulator

The National Pension Scheme, adopted in 2004, has recently come under criticism for inadequate returns, leading to a few state governments reverting to an earlier pension plan considered fiscally unviable.

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.

EPFO relaxes withdrawal norms for EPS-95 subscribers

Currently, the Employees' Provident Fund Organisation (EPFO) subscribers who have less than six months of service left are allowed to withdraw the accumulations in their employees' provident fund account only.

Cong will bring back old pension scheme in Gujarat: Rahul Gandhi

In a tweet in Hindi, Gandhi said it is the Congress' firm promise ,"fixed jobs for contractual workers, bringing back the old pension scheme and timely promotions".

Punjab government decides to restore old pension scheme for its employees

Giving a Diwali gift, the government has decided to implement the old pension scheme, Chief Minister Bhagwant Mann announced after a meeting of the state cabinet here.

Millennials want to retire at 50. How to afford it is another matter

While many millennial workers want financial independence in their 50s, it’s not easily achieved, said Christopher Lyman, a certified financial planner with Allied Financial Advisors in Newtown, Pennsylvania.

Will restore old pension scheme if elected to power in Gujarat: Rahul Gandhi

Rahul Gandhi assured that the Congress, if elected to power in Gujarat, will restore the old pension scheme, saying it is the right of government employees who strengthen the nation.

PFRDA looks to offer guaranteed pension programme under NPS

"The Minimum Assured Return Scheme is under development. Tentatively, we may start from September 30," PFRDA Chairperson Supratim Bandyopadhyay said.

10 years and counting: India's poor elderly wait for monthly pension to go up from Rs 300

The government implements its various pension schemes under the National Social Assistance Programme (NSAP) for persons belonging to below poverty line (BPL) households.

PFRDA subscriber base rises 22% to 4.75 crore in November

As of November 30, 2021, total pension assets under management stood at Rs 6,87,468 crore, showing a year-on-year growth of 29.13 percent

Explained | Pradhan Mantri Shram-Yogi Maandhan and why enrollments have fallen

There have been fewer-than-expected takers for the scheme that will provide informal workers with a monthly pension of Rs 3,000

PFRDA pension subscriber base rises 24% to touch 4.35 crore in June

The total pension assets under management stood at Rs 6,16,517 crore as on June 30, showing a yearly growth of 32.67 percent, the Pension Fund Regulatory and Development Authority (PFRDA) said.

NPS equity schemes of HDFC and Birla Sun Life outperform mutual funds over three years

The NPS schemes of Kotak and HDFC led the charts over the five-year period, though all pension funds lagged the Nifty 50

Budget 2019 | Pension scheme to cover Retail traders and small shopkeepers

While presenting the Union Budget 2019, Sitharaman mentioned that the enrollment process shall only require a bank account and Aadhaar, with remaining information being self-declared.

Budget 2019 | Key takeaways from FM Piyush Goyal’s speech in Parliament

The Modi government has delivered a populist budget bringing some respite to the aam aadmi and pensioners. Watch the video in case you missed out on the FM's speech.

EPF pensioners to get medical benefits: Minister

Nearly 58 lakh people Employees Provident Fund pensioners will now get medical benefits, Labour Minister Bandaru Dattatreya said in the Lok Sabha today.

Union Budget 2017-18: LIC to offer 8% return in pension scheme for senior citizens

This will be annual guaranteed return for all above 60 years of age

Tata Steel set for trade union talks in UK

A source close to the talks told the newspaper that Tata Steel and ThyssenKrupp could formalise the deal within weeks, even if the pension issue has not been resolved, but the tie-up would be contingent on resolving the pensions dispute.