Pension | The Asian Age

Friday, Apr 19, 2024 | Last Update : 06:39 PM IST

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PFRDA has sent two more proposals to the ministry - auto enrolment for APY and raising the maximum age bar to enter the scheme to up to 50 years.

Govt mulls raising pension limit to up to Rs 10,000 per month under APY

PFRDA added about 50 lakh new subscribers under the scheme in 2017-18.

12 Jun 2018 2:33 PM

Women trail men not just in pay, but more in pensions

The World Economic Forum says that the gap is expected to reach $400 trillion by 2050.

10 Jun 2018 11:03 AM

Devi used to receive a sum of Rs 40,000 as pension after her husband Daya Prasad, who worked as a superintendent in the customs department, died a few years ago. (Representational image)

Sons preserve woman's body for months to withdraw pension in UP

The body was recovered from store room after the neighbours informed the cops about a foul smell emanating from the house.

23 May 2018 7:17 PM

Atal Pension Yojana has added over 1 crore subscribers since its launch in May 2015, the Pension Fund Regulatory and Development Authority (PFRDA) said on Tuesday.

Atal Pension Yojana crosses 1 crore subscribers in 3 years

The scheme has generated around 9.10 per cent compounded annual growth rate (CAGR) since inception till March 2018, it said further.

15 May 2018 4:26 PM

Aadhaar is a 12-digit number, issued by the Unique Identification Authority of India (UIDAI), that acts as identification and address proof. (Photo: File)

Aadhaar not compulsory for central govt employees to get pension: Govt

There were reports of some retired employees facing difficulty in getting pension in absence of Aadhaar linkage with their bank accounts.

15 May 2018 3:36 PM

Aadhaar is an additional facility to enable the use of technology for submission of life certificate without the need for visiting banks.

Aadhaar not mandatory for getting pension: Govt

There are about 48.41 lakh central government employees and 61.17 lakh pensioners.

15 May 2018 1:59 PM

HC sets aside BMC’s decision on pension

The court observed that such recovery at the fag-end of an employee’s career was not legally permissible.

13 May 2018 2:18 AM

Above facility can also be availed by pensioners who do possess Aadhaar, but fail the fingerprint authentication.

Aadhaar not necessary for pensioners to submit life certificate: EPFO

Pensioners can now submit a life certificate without the 12-digit unique identity number.

11 Apr 2018 9:23 AM

The CBDT said it had received representations as to whether a taxpayer, who receives pension from his former employer, will also be eligible to claim this deduction.

Standard deduction allowed for pension

The standard deduction was discontinued from the assessment year 2006-07, but was re-introduced in 2018-19 Budget.

06 Apr 2018 5:00 AM

The freezer in which the body of Bina Mazumder was kept allegedly by her son to avail her pension by using her thumb impression. (Photo: Asian Age)

Kolkata: Woman’s body preserved to draw pension

The body has been chemically preserved for about 3 years, suspectedly by her son.

06 Apr 2018 1:05 AM

EPFO has also made it mandatory to file online claims for withdrawals of above Rs 5 lakh under the Employees Pension Scheme 1995. (Photo: PTI/Representational)

Online filing must for PF withdrawals above Rs 10 lakh: EPFO

At present, EPFO subscribers have the option of filing online as well as manual claims for provident fund withdrawal as also for pension.

28 Feb 2018 10:09 AM

There are around 60 lakh pensioners out of which around 40 lakh are getting less than Rs 1,500 per month

'Expect hike in minimum pension to Rs 7,500 per month under EPS-95'

Pension is Rs 1,000 a month at present, provided under Employees' Pension Scheme 1995 managed by EPFO.

09 Jan 2018 9:52 AM

Increase social security pension in budget: Experts to Jaitley

Some economist also recommended imposition of long term capital gains tax on equity.

11 Dec 2017 6:00 PM

Pension Fund Regulatory Authority of India, PFRDA, is nodal agency for all pension related issues. (Photo: Representational image/PTI)

PFRDA unveils incentives to expand pension coverage

Introducing of e-NPS, reducing minimum contribution levels, new investment instruments are among recent decisions.

28 Oct 2017 3:28 PM

According to the index, India's overall index value has increased from 43.4 in 2016 to 44.9 in 2017.

India's pension system showing steady improvement: report

India's position in sub-index value under sustainability increased from 40.9 to 43.8 in 2017.

23 Oct 2017 2:04 PM

Private-aided school teachers still pension-less

BMC’s education committee chairperson Shubhada Gudekar however said that the number is not 70 but as big as over 700.

03 Oct 2017 1:45 AM

The new rate will be applicable from July 1.

Centre hikes DA to 5 per cent for 1.1 crore employees, pensioners

This move will benefit about 49.26 lakh central government employees and 61.17 lakh pensioners.

12 Sep 2017 5:45 PM

There is no need for central government employees to visit banks to start pension as their copy of the Pension Payment Order (PPO) will be handed over to them at the time of retirement.(Representational Image)

Govt staff to get PPO on last day, don't need to visit banks to start pension

It has happened earlier that pensioner's copy of PPO has not been handed over to him, often getting lost during transit to banks.

06 Aug 2017 1:23 PM

Government had decided to settle the PF/EPF, gratuity of retiring on the day of retirement itself.

EPFO directs field offices to settle pension on retirement day

There are about 48.85 lakh central government employees and 55.51 lakh pensioners in the country.

19 Jul 2017 7:12 PM

Govt’s bid to retain salary from retd teacher quashed

The amount was to be in lieu of excess salary paid to the teacher erroneously by the department from the time of her appointment in 1986.

01 Jun 2017 1:54 AM

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Mohan Guruswamy