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  • Punjab govt issues notification providing former MLAs pension for only one term Aug 13, 2022 02:38 PM IST

    Punjab govt issues notification providing former MLAs pension for only one term

    The Punjab Assembly had passed the Punjab State Legislature Members (Pension and Medical Facilities Regulation) Amendment Bill, 2022 on June 30.

  • Any pendency in disbursement of pensions under all categories to be strictly dealt with: UP Deputy CM Aug 07, 2022 07:34 AM IST

    Any pendency in disbursement of pensions under all categories to be strictly dealt with: UP Deputy CM

    He said the BJP-led government will also ensure that all those eligible will be brought under the umbrella of various pension schemes of the state by organising special camps.

  • Rs 2.54 lakh crore spent on central government pensioners during 2021-22 Aug 03, 2022 04:46 PM IST

    Rs 2.54 lakh crore spent on central government pensioners during 2021-22

    Total expenditure incurred on these pensioners was Rs 2,54,284.4 crore during the financial year 2021-22

  • Retirement Saving Scheme: How to earn 50,000/month from National Pension Scheme (NPS) Aug 03, 2022 01:53 PM IST

    Retirement Saving Scheme: How to earn 50,000/month from National Pension Scheme (NPS)

    Retirement Saving Scheme NPS: If you want to get a monthly pension of Rs 50,000 from NPS, you need to back-calculate the corpus requirement based on the 40% annuity rule. If you only use the mandatory 40% NPS corpus for purchasing annuity, then at an annuity rate of 6%, you need a Rs 2.5 crore NPS corpus. Of this, 40% or Rs 1 core will be used for purchasing annuity. This annuity (at 6%) will generate Rs 6 lakh yearly or Rs 50,000 monthly pension. Remember, this is when only 40% corpus is used for annuity purchase. You then also get Rs 1.5 crore (remaining 60%) as lump sum tax-free withdrawal. The numbers will change for different annuity rates. Watch the video to know how to make 50,000/month from NPS

  • How to generate Rs 50,000 pension per month from NPS? Aug 01, 2022 08:08 AM IST

    How to generate Rs 50,000 pension per month from NPS?

    NPS is a long-term commitment and takes decades to deliver. But it is still an excellent instrument that rightly focuses on putting in place a pension income for the retirement years.

  • EPFO to soon disburse pension to over 73 lakh pensioners in one go via central system Jul 10, 2022 11:50 AM IST

    EPFO to soon disburse pension to over 73 lakh pensioners in one go via central system

    Presently, over 138 regional offices of the Employees’ Provident Fund Organisation (EPFO) disburse pensions to beneficiaries in their region separately.

  • Japanese pension fund starts investing in nation's startups for first time Jul 05, 2022 11:38 AM IST

    Japanese pension fund starts investing in nation's startups for first time

    The fund will plough $1.45 trillion in the startup economy, in an effort to grow ventures.

  • EPFO board to meet in July; separate PF scheme for gigs, universal pension scheme likely on table Jun 27, 2022 05:28 PM IST

    EPFO board to meet in July; separate PF scheme for gigs, universal pension scheme likely on table

    A new universal pension scheme may be considered in view of the call given by the Prime Minister on universal social security and global trends, to cater to those not covered under EPS 95, an internal panel has recommended.

  • Explained | EPF versus NPS: Which is a better retirement option? May 24, 2022 01:21 PM IST

    Explained | EPF versus NPS: Which is a better retirement option?

    Are you planning your retirement kitty? There are two options available, NPS or EPF. But which one is a better option for you? Sumaira Abidi tells you the difference.

  • Helpline for elderly receives over 79,000 calls seeking pension, COVID support May 08, 2022 02:10 PM IST

    Helpline for elderly receives over 79,000 calls seeking pension, COVID support

    However, out of the total 5,07,493 calls received by the helpline since October 1 last year, 4,28,442 have been 'non serviceable calls', constituting 84 per cent of the total calls received on the helpline.

  • Punjab MLAs, ex-MLAs will get pension only for one term, announces CM Bhagwant Mann Mar 25, 2022 03:24 PM IST

    Punjab MLAs, ex-MLAs will get pension only for one term, announces CM Bhagwant Mann

    There will also be a deduction in allowances given to MLAs' families: Punjab CM Bhagwant Mann.

  • EPFO to rope in PFRDA, LIC for employee pension reforms Mar 14, 2022 05:47 PM IST

    EPFO to rope in PFRDA, LIC for employee pension reforms

    A small committee of experts from LIC and independent actuaries have already met thrice with EPFO authorities in the past two and a half months.

  • Exclusive | Four labour codes will be implemented in 2022; welfare scheme for gig workers on the anvil: MoS Labour Rameswar Teli Feb 18, 2022 01:30 PM IST

    Exclusive | Four labour codes will be implemented in 2022; welfare scheme for gig workers on the anvil: MoS Labour Rameswar Teli

    “We are linking PM Shram Yogi Mandhan Yojna (PM SYM) that promises pension to informal sector workers registered in the scheme, with the E-sharm database,” said Minister of State for Labour Rameswar Teli.

  • October sees 7.57 lakh fresh additions to formal work, a five-month low: EPFO Payroll Dec 20, 2021 07:34 PM IST

    October sees 7.57 lakh fresh additions to formal work, a five-month low: EPFO Payroll

    Of the 12.73 lakh net subscribers added in October, at least 7.57 lakh members have been enrolled for the first time, EPFO payroll data showed. Of the total additions, female enrolment was approximately 21.14%.

  • SBI launches ‘Video Life Certificate’ facility for pensioners Nov 03, 2021 12:24 PM IST

    SBI launches ‘Video Life Certificate’ facility for pensioners

    All one needs to do is schedule a video call with the SBI staff from the comfort of your home, at a time suitable for you and done! One can easily complete this process without having to physically visit the bank branch.

  • Those above 75 need not file tax returns: Conditions apply, form notified Sep 07, 2021 10:29 AM IST

    Those above 75 need not file tax returns: Conditions apply, form notified

    The elderly will have to declare their income in Form 12BBA, which has been notified by the CBDT. They will have to submit this form to their bank

  • COVID-19 vaccination mandatory to avail free ration, pension in Karnataka's Chamarajanagar district Sep 01, 2021 03:19 PM IST

    COVID-19 vaccination mandatory to avail free ration, pension in Karnataka's Chamarajanagar district

    "To avail ration facility, the BPL and anthyodaya cardholders, around 2.9 lakhs in number, will need to take vaccine compulsorily," said MR Ravi, Deputy Commissioner of Chamarajanagar district.

  • Govt raises family pension for PSB employees; employer contribution to NPS also increased Aug 25, 2021 07:48 PM IST

    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.

  • World Senior Citizen Day 2021 : Have a solid financial plan for your twilight years! Aug 21, 2021 10:04 PM IST

    World Senior Citizen Day 2021 : Have a solid financial plan for your twilight years!

    Planning well in advance is perhaps, the golden rule to building a perfect corpus for your retirement, but here are a few schemes and mutual funds you can consider, apart from the universal favorite FDs to ensure the absolute best for those carefree years to come, or enjoy:

  • More equity in NPS, newer fund managers allowed, but startup investments still being examined: PFRDA Chief Aug 18, 2021 09:53 AM IST

    More equity in NPS, newer fund managers allowed, but startup investments still being examined: PFRDA Chief

    In a media interaction, PFRDA chairman Supratim Bandyopadhyay said that the difficulty in valuing startups on a daily basis makes it difficult for such investments to be allowed in the national pension system

  • Investment of NPS funds into startups not on immediate radar, says PFRDA chairman Aug 17, 2021 01:54 PM IST

    Investment of NPS funds into startups not on immediate radar, says PFRDA chairman

    The corporate sector had 2,41,000 customers as of mid-August (FY22) compared to 1,60,000 last year.

  • LIC Saral Pension: Low annuity rates, but trust factor trumps return consideration Jul 23, 2021 10:39 AM IST

    LIC Saral Pension: Low annuity rates, but trust factor trumps return consideration

    All features and clauses of the pension product are the same across insurers, but the annuity rates are left to the companies

  • Want to give more options to pension funds, so opening up IPO investments: PFRDA chairman Jul 20, 2021 07:42 PM IST

    Want to give more options to pension funds, so opening up IPO investments: PFRDA chairman

    This would mean that PFMs could use their investment corpus to invest into upcoming IPOs including the Rs 16,000 crore initial public offering of Paytm.

  • PFRDA pension subscriber base rises 24% to touch 4.35 crore in June Jul 16, 2021 08:57 PM IST

    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.

  • Coming soon: Higher NPS fund management charges Jul 06, 2021 03:39 PM IST

    Coming soon: Higher NPS fund management charges

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