EPFO approves changes in Employees' Pension Scheme to restore commutation of pension
The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.
Pension funds sink billions into a new world of risk
“Because of low interest rates, we have to cast our nets far and wide to search for retu...
J&K State Administrative Council approves 5 per cent DA hike for govt employees, pensioners
SAC accorded sanction to the release of additiona...
Got EPF account related problem? Here's how to file a complaint
If you have a grievance related to your PF account like withdrawal, transfer and so on, then EPFO has a dedicated website called 'EPF I Grievance Management System' where you can file such complaints. You can also file them if you do not have UAN.
Banks should pay 8% interest for delay in crediting pension, arrears: RBI
All agency banks disbursing pension are advised to provide considerate and sympathetic customer service to the pensioners, especially to those pensioners who are of old age.
PM Modi to launch pension schemes from Jharkhand on Thursday
The prime minister will also inaugurate the new building of the Jharkhand Assembly and a multi-modal terminal at Sahibganj, Jharkhand Chief Minister Raghubar Das said on Tuesday.
Why unlocking defence land bank to meet military's needs isn't a bad idea
Can the money raised from auctioning this land not be used for the military’s benefit? Back-of-the-envelope calculations suggest that up to Rs 25,000 crore can be raised from this effort. This is a healthy corpus, which could be invested in secure financial instruments, if possible.
World’s best-run pension funds say it’s time to start worrying
The warning comes as pension firms across Europe struggle to generate the returns they need to cover their growing obligations
Centre notifies RTI rules for CIC, ICs; tenure cut to 3 years
The rules are quiet on pensions after retirement. Rule 22 gives discretionary powers to the Centre. It says that the Centre has discretionary powers to relax any of these rules with any “class or category of persons in future”.
Senior citizen pensioners get 2 months to submit life certificate for continuance of pension
Government pensioners are required to submit a life certificate or Jeevan Praman every year in the month of November to the pension disbursal agency, usually bank.
Now, Overseas Citizens of India can invest in NPS
Up until now OCIs could not invest in the National Pension System or NPS. PFRDA, through a circular issued on October 29, has said that OCIs can now invest in NPS tier 1 accounts. This is good news as NPS offers various tax benefits.
Karnataka government hikes dearness allowance for employees
The hike announced for government employees would enhance their DA from the existing 6.50 per cent to 11.25 per cent of the basic pay, an order issued by the state Finance Department said. The hike would come into retrospective effect from July 1, 2019.
Retired employees are country's asset, their experience need to be utilised: Jitendra Singh
They can contribute through their vision, capability and experience, said Singh, the Minister of State (Independent Charge) in the Ministry of Personnel, Public Grievances and Pensions.
Army to bridge disability pension gap between officers and jawans
The Army has worked out a proposal which will soon be sent to the defence ministry
Amid fund crunch, army wants ECHS under defence pension budget
The government made funding of the medical scheme for retired personnel as part of the army’s revenue budget from this fiscal year.
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