Frieder Knüpling, SCOR, CEO Life & Health, said: “This transaction underlines SCOR’s strong appetite to deliver longevity solutions to our clients. Recent world events have brought life and health risks into sharp focus and now, more than ever, we are seeing...
Pension & Social Security
NITI Aayog VC expresses concern over revival of old pension scheme, says it will burden future taxpayers
''I am slightly more worried about the return to the Old Pension Scheme (OPS). I think that is more of a concern because the cost will be borne by future taxpayers and citizens, not the present,'' NITI Aayog Vice Chairman Suman said New Delhi: NITI Aayog Vice Chairman...
Singapore’s gig workers to get work injury and pension coverage
Workers would gain coverage under the national pension system, which collects contributions from both workers and companies, and receive work injury insurance covering medical expenses, income loss, and lump sum compensation for permanent disability or death....
Punjab to implement Old Pension Scheme, state cabinet okays notification
State government contribution towards the pension corpus will be Rs 1,000 crore per annum initially and will gradually increase in future. In addition to this, the current accumulated corpus with NPS is Rs 16,746 crore for which the state government will request...
Money in NPS belongs to people can’t go back to state govts as per law FM
Nirmala Sitharaman, Finance Minister Responding to queries on restoration of the old pension scheme (OPS), Sitharaman clarified at a press conference that Rajasthan and Chhattisgarh governments that are asking the Centre to return the money, cannot get it back as per...
EPFO coverage to be expanded to 10 crore subscribers: Minister Bhupender Yadav
Bhupender Yadav,Union Labour Minister ''We have subsumed 29 labour laws into four broad codes. These codes provide for expansion of social security schemes, including EPFO,'' the minister said New Delhi; Union Labour Minister Bhupender Yadav on Tuesday said retirement...
Uber drivers declared as employees by New Zealand court
The Employment Court highlighted the need to adopt a purposive approach to determining the status of the drivers, having regard to the applicable legislation and its role in protecting vulnerable workers, regulating the labour market, and ensuring the maintenance of...
Ontario Teachers’ Pension Plan remains bullish on India
Jo Taylor, president and chief executive officer Ontario Teachers' Pension Plan OTPP is eyeing opportunities in healthcare, infrastructure and financial services in India. Also of interest are the insurance sector and technology-enabled segments, especially in the...
Punjab announces to restore old pension scheme for state govt employees
"We have taken an in-principle decision to this effect in a cabinet meeting. This will benefit lakhs of employees," he said while adding that modalities will be worked out. Chandigarh: The Punjab government on Friday decided to restore the old pension scheme for its...
Dhariwal appointed as CEO of Max Life Pension Fund
Max Life Insurance on Tuesday announced the appointment of Ranbheer Singh Dhariwal as the Chief Executive Officer (CEO) of its wholly-owned subsidiary Max Life Pension Fund Management Ltd. Dhariwal's appointment is effective October 15, Max Life Insurance Company said...