pension scheme news

Amendment to pension scheme for construction workers on cards

Labour dept proposes changes in welfare scheme for introducing 3 pension slabs depending on period of registration of workers with the board

U.P. Cong backs stir for restoration of Old Pension Scheme

Congress leader Brajlal Khabri said that Congress supports OPS because it ensures social security to employees after retirement.

EPFO higher pension scheme deadline on May 3. Check eligibility, other details

In its April 23 order, the EPFO said that applications for higher pension will be vetted and verified by the field office.

Prashant Kishor mocks RJD, BJP after his nominee wins Council seat in Bihar bypoll

Afaque Ahmad, who won from Saran teachers’ constituency in a bypoll, has been an active member of Jan Suraj.

Explained: National Pension Scheme (NPS) vs Old Pension Scheme (OPS)

What exactly is the point of contention between National Pension Scheme (NPS) and Old Pension Scheme (OPS)? Is it just a political ploy, or does it also consider the economy? Here's a detailed account.

One-time option for ‘Old Pension Scheme’ ? Check eligibility, last date

According to the notification issued by the Ministry of Personnel, government employees who are eligible to choose the Old Pension Scheme "but do not do so by the stipulated date" will continue to be covered by the National Pension System.

Pension liability under House panel’s lens

Congress-ruled Rajasthan and Chhattisgarh have announced reverting to the old pension scheme, even as the party won Himachal Pradesh in the latest round of assembly polls banking on a slew of promises, including one to go back to OPS.

Woman gets family pension denied to her for over 30 years: NHRC

In a statement, the NHRC said the woman's husband was a retired ambulance driver who had served at the Safdarjung Hospital here.

Supreme Court questions pension scheme for staff of Kerala ministers

The bench further asked Giri to convey the views of the top court to state government functionaries. “It is the only state doing this...Please, convey our words to the state government.”

Will new pension scheme be scrapped? Here's what the Centre replied

The NDA government under Atal Bihari Vajpayee in 2003 had scrapped the Old Pension Scheme (OPS) and introduced the National Pension Scheme (NPS) from April 1, 2004

Explained: Old vs new pension schemes and why government staff are protesting

The old pension scheme was done away with by the Bharatiya Janata Party (BJP)-led government during Atal Bihari Vajpayee's regime in December 2003. The national pension scheme (NPS) took effect from April 1, 2004.

'Old pension scheme is...:' Priyanka reacts on big Rajasthan Budget announcement

“The Congress party is fully dedicated to the interests of government employees,” Congress general secretary Priyanka Gandhi hailed the old pension scheme announced by Rajasthan chief minister Ashok Gehlot in his budget.

No ration card needed to get widow pension in Jharkhand, says CM Soren

Chief minister Hemant Soren announced that widows will get their pension money from the government with out a ration card in Jharkhand.

Finance dept unhappy at agenda of Punjabi varsity syndic meeting

The department observed that the services of contractual employees should not be regularised by the university in violation of government policy, without the approval of the administrative department

₹20,000cr transferred to Jan Dhan accounts of 20 crore women during lockdown: Smriti Irani

She was addressing a virtual rally of party office bearers and workers of Kangra Parliamentary Constituency through video conferencing from New Delhi

Covid-19: Time for liberal withdrawal options for retirement funds

A crisis like the coronavirus pandemic makes retiral benefits important for the elderly, both for medical and economic reasons. We have an example in the Thrift Savings Plan (TSP), a retirement plan for American civil servants

Bank unions in Patiala protest delay in wage revision

Besides delay in wage revision, their demands include merging special allowance with basic pay, scraping of new pension scheme and enhancement in family pension

‘Purpose behind tax move is to offer a simplified system’: Revenue Secretary

The purpose of the proposal is to offer an option of a simplified system, particularly to those who are not availing many exemptions, revenue secretary Ajay Bhushan Pandey said in an interview with Hindustan Times.

Two-day strike: Banking services hit across Punjab

Congress plans pension scheme in Sheila Dikshit’s name

The scheme, after former three-time Delhi chief minister Sheila Dikshit who died last year, proposes to increase the pension to senior citizens, widows and differently abled people to ₹5,000 per month.

Aadhaar is now compulsory for this pension scheme for senior citizens

The scheme, which envisages an assured rate of return of 8 per cent annually, is being implemented through Life Insurance Corporation of India (LIC). The scheme was announced in Union Budgets of 2017-18 and 2018-19.

Narendra Modi government gives ‘highest’ DA since 7th CPC’s 2016 pay scales

The Centre would now release an additional installment of Dearness Allowance (DA) to employees and dearness relief to pensioners from July 2019 representing an increase of 5% over the existing rate of 12%

‘A few have landed in jail’: PM Modi on his determination to fight graft

Prime Minister Narendra Modi said the functioning of the first 100 days of his government was just a trailer of what is yet to come.

Modi in Ranchi today, to launch slew of welfare schemes, development projects

Modi will dedicate country’s second Multi Model Terminal built at Sahibganj to the nation, inaugurate newly constructed state-of-the-art Assembly Building in Ranchi and lay the foundation of new secretariat building in Jharkhand capital.

PUTA polls: No legal hiccups, candidates launch campaign

Groups in fray have come up with similar promises in their manifestoes

Opinion: Players’ body inadequate in scope

A player association was a long-felt need in India but what we get is a body unrepresentative in nature and hopelessly inadequate in scope.

Consider giving MSP legal status: HC to Punjab, Centre

MSP is the price at which the government purchases crops from farmers.

‘Those who served jail time during emergency to get pension’: Devendra Fadnavis

Speaking in the state Assembly during the Question hour, Fadnavis said “pension was an honour more than money” for those who served jail term during the Emergency.

EPFO may replace LIC as fund manager for PM’s pension plan

The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM), a contributory scheme that offers a pension of ₹3,000 per month to those employed in the unorganised sector, from cobblers to construction workers, excludes those covered by the Employees’ State Insurance Corporation (ESIC) and EPFO.

Is the new pension scheme a case of old wine in a new bottle?

The Pradhan Mantri Shram Yogi Maan-dhan Yojana is yet another scheme with inbuilt flaws