pension news

EPS rule update: Pensioners can now withdraw pension from any bank branch

The newly introduced Centralised Pension Payments System (CPPS) is expected to benefit 78 lakh EPS pensioners with its convenience.

Pensioners don't have to visit the branch for any verification and it will be credited immediately upon release(HT Photo)

Published on Jan 02, 2025 10:31 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

How to get higher pension if employer didn't approve or process your application

A historic Supreme Court judgement allowed many Employee Pension Scheme (EPS) members to apply for a higher pension, but not all were successful in getting it

On top of this, the Employees Provident Fund Organisation (EPFO) also had given the last chance to employers to upload employee wage details by January 31, 2025(HT Photo)

Published on Dec 22, 2024 12:41 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Couple married and divorced 12 times in 40 years for this greedy reason

An Austrian couple was found to have committed welfare fraud by marrying and divorcing over 12 times to exploit a loophole.

The couple's first divorce occurred in 1988, after about six years of marriage.(Representational)

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Published on Dec 17, 2024 07:16 PM IST

ByMuskaan Sharma

EPFO 3.0 may allow ATM withdrawal of PF, scrap 12% contribution limit: Report

The Employee Provident Fund Organisation (EPFO) will revamp and introduce multiple policies for the EPFO 3.0 version.

However, discussions regarding all of the new features and policy changes for EPFO 3.0 are currently at the very initial stages.(HT Photo)

Updated on Dec 04, 2024 01:43 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Nearly 1,500 Kerala govt employees found fraudulently claiming welfare pensions

According to the source, the social security pension, meant for the poor and elderly, is being received by gazetted officers, including assistant professors.

Teachers from the higher secondary sector are also on the list of those receiving welfare pensions. (iStock)

education

Published on Nov 27, 2024 05:53 PM IST

PTI | , Thiruvananthapuram

Around 70 retired BMC employees await dues despite HC orders

A retired BMC employee hasn't received retirement dues for nine months despite a court order, prompting a union appeal for resolution.

cities

Updated on Nov 26, 2024 07:34 AM IST

BySabah Virani

How can central government pensioners change name of spouse in records?

New clarifications have been issued for the process of changing the name of the spouse in the pension records of retired government employees.

This follows a previous October 2022 office memorandum of the department, which comes under the Ministry of Personnel, Public Grievances and Pensions(Representational Image/Pixabay)

Published on Nov 13, 2024 01:52 PM IST

DA hike by 3% for all central government employees ahead of Diwali

The central government has announced a 3% DA hike for employees and pensioners, bringing it to 53% of the basic pay, compared to 50% earlier

The centre hiked the dearness allowance (DA) for all central government employees by 3%(Amit Dave/Reuters)

Updated on Oct 16, 2024 05:28 PM IST

New pension guidelines for central govt employees: NPS contribution rules

The centre has released new NPS contribution guidelines for periods of suspension, periods of unpaid leave, probation, and many others

The centre has released new guidelines for contributions to the National Pension System (NPS)((Representational Image/Pixabay))

Published on Oct 11, 2024 01:19 PM IST

DA hike for central govt employees may come soon after Union Cabinet meeting

The previous DA hike of 4% was announced in March, and was effective from January 2024

DA is applicable to all the currently serving employees while DR is appplicable to all pensioners. Both are to adjust the salary or pension to the increasing cost of living, driven by inflation.(Reuters)

Published on Oct 09, 2024 01:50 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Pensioners alert! Scam involving messages asking to fill forms, know the details

The fraudsters use WhatsApp to send fake forms to the pensioners and then claim that unless those forms are filled, their pension payments will get stopped

Pensioners in India are increasingly being targeted by fraudsters who claim to be from the Central Pension Accounting Office (CPAO) in New Delhi(Representational image)

Published on Oct 06, 2024 03:59 PM IST

Your pension may stop if you don't submit Annual Life Certificate: Details

Senior central government pensioners aged 80 and above can now submit their Annual Life Certificate from October 1 instead of the usual November 1

All central government pensioners have to submit an annual life certificate in November to continue receiving their pensions.(Representational Image/Pixabay)

Published on Oct 06, 2024 10:52 AM IST

Government revises CGHS rates for these medical treatments, check costs, details

The government revised the CGHS rates for crucial medical devices like Deep Brain Stimulation (DBS) implants, Intra-Thecal Pumps, and Spinal Cord Stimulators

For currently serving employees, the request goes through their department, while pensioners have to approach the Additional Director of their respective CGHS zone

Published on Sep 28, 2024 02:03 PM IST

New proposal for central government pensioners: CGHS beneficiaries may get…

The new proposal comes in the light of the financial burden retiring employees face when required to make a big one-time contribution to avail CGHS benefits

This comes in the backdrop of the centre extending PM-JAY benefits also to the senior citizens aged 70 and above(Representational Image/Pixabay)

Published on Sep 28, 2024 12:12 PM IST

Woman, 65, who crawled 2km for pension to receive it at home: Official

The video of Pathuri Dehury from Raisuan gram panchayat in Keonjhar district crawling to a local panchayat office for her pension four days ago, had gone viral on social media

The video of Pathuri Dehury from Keonjhar district crawling to a local panchayat office went viral four days ago. (HT sourced photo)

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Published on Sep 24, 2024 03:15 PM IST

ByDebabrata Mohanty

NPS Vatsalya: How your child can get more than ₹10 crore for retirement

The NPS Vatsalya scheme allows parents to contribute as little as ₹1,000 annually in the child's name, making it accessible for families from all backgrounds

Parents can now use the NPS Vatsalya scheme, a pension scheme designed for minors, to secure the future of their children(Representational Image/Pixabay)

Published on Sep 21, 2024 01:11 PM IST

NPS Vatsalya for minors to launch in two weeks, find all its details here

NPS Vatsalya, originally proposed in the Union Budget 2024 is a modified version of the National Pension System (NPS), designed specifically for minors

Under this scheme, parents or guardians can open an NPS account for their children, making regular contributions until the child turns 18. (Representational Image/Pixabay)

Published on Sep 06, 2024 12:25 PM IST

EPS pensioners to get pension from any bank or branch from January 1, 2025

The proposed Centralized Pension Payment System (CPPS) has been approved, allowing a national centralized system of pension payouts through any bank or branch

The EPFO also anticipates that switching to this new system will result in large cost savings in terms of pension payouts. (Representational Image/Pixabay)

Published on Sep 06, 2024 09:16 AM IST

New single unified pension form launched, nine forms merged into one for ease

The new pension form called Form 6-A can be filled through the Bhavishya portal with just a single e-Sign or an Aadhaar based OTP) being enough

The Bhavishya platform is the base for a Common Single Window Portal for pensioners and elderly citizens. (Representational Image/Pixabay)

Updated on Aug 31, 2024 03:36 PM IST

ByAbhyjith K. Ashokan

NPS won't be rolled back, UPS is to improve it: FM Nirmala Sitharaman

There is no compulsion for states to adopt it and there will be no change in tax treatment under the UPS, Nirmala Sitharaman said

Union Finance minister Nirmala Sitharaman hopes most states would adopt the UPS (Ajay Aggarwal/HT)

Updated on Aug 28, 2024 04:23 PM IST

Cong's ‘U stands for Modi govt's U-turn' jab at Centre's Unified Pension Scheme

The Centre on Saturday approved the ‘Unified Pension Scheme’ (UPS) for government employees.

Published on Aug 25, 2024 03:45 PM IST

Unified Pension Scheme: Who is eligible? What's the minimum amount? Explained

The central government has approved a new Unified Pension Scheme which is set to benefit around 23 lakh government employees

Union minister Ashwini Vaishnaw briefed the media on the central government's new Unified Pension Scheme. (PTI)(HT_PRINT)

Published on Aug 25, 2024 07:51 AM IST

New pension scheme to benefit central govt staff

The UPS will also give out family or survivor-pension benefits, fixed at 60% of the last-drawn pension of a deceased employee.

Union minister Ashwini Vaishnaw briefs the media on the Cabinet decisions on Saturday. (PTI)

Updated on Aug 25, 2024 06:16 AM IST

ByZia Haq, Rajeev Jayaswal

How is the new ‘Unified Pension Scheme’ different from NPS?

To qualify for Unified Pension Scheme, which is equivalent to 50 per cent of their basic pay, employees must have completed a minimum of 25 years of service.

NPS is currently open for people between 18 and 60, and our Board has approved raising the age limit for joining to 65.(HT File/ Representative Purpose)

Published on Aug 24, 2024 09:27 PM IST

Unified Pension Scheme: Key features and benefits for retirees explained

Unified Pension Scheme: Union Cabinet approved assured 50 per cent of salary as pension for govt employees under Unified Pension Scheme.

Union minister Ashwini Vaishnaw outlined that the Unified Pension Scheme (UPS) is built on five key pillar.

Updated on Aug 24, 2024 08:26 PM IST

Centre approves ‘Unified Pension Scheme’ for govt employees

Union Cabinet approves assured 50 per cent of salary as pension for govt employees under Unified Pension Scheme.

Union Minister Ashwini Vaishnaw briefs the media on Unified Pension Scheme in New Delhi.
(PTI)

Updated on Aug 24, 2024 10:17 PM IST

HC notice to J&K admn, Waqf Board over employees being denied pensions

Employees claim that they have not received their pensions since BJP leader Darakshan Andrabi was appointed board chairperson

The court also asked the respondents to consider processing the cases of the petitioners and listed the case for October 7. (File)

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Updated on Aug 24, 2024 07:56 AM IST

ByAshiq Hussain, Srinagar

Government employees may soon get 50% of last pay as pension under NPS: Report

This comes after Finance Minister Nirmala Sitharaman's announcement a committee chaired by Finance Secretary TV Somanathan to explore this initiative.

The government has ruled out a return to the Old Pension Scheme (OPS) which guaranteed a defined benefit of half of the last salary drawn as lifelong pension.(Representational)

Updated on Jul 10, 2024 10:06 AM IST

NPS subscribers to get more flexibility for equity: PFRDA chairperson

NPS subscribers will get an additional option in the auto choice where tapering off of equity allocation would start only after 45 years of age.