Jad Ariss, managing director of the Geneva Association, said: “The...
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Pension & Social Security
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DFS Secy launches LIC’s new Pension plan
M.P. Tangirala, additional secretary, M. Nagaraju, secretary,...
Finmin notifies assured pension scheme for govt employees, to be effective from April 1
The notification will give the option to 23 lakh government...
Mandaviya directs EPFO officials to improve claim settlement, grievance redressal
NEW DELHI: Union Labour Minister Mansukh Mandaviya on Friday directed retirement fund body EPFO officials to further streamline claim settlement process, ensure timely grievance redressal, and adopt a public-friendly approach during a review meeting. Mandaviya...
Karnataka High Court rules employer can’t forfeit gratuity without recovery proceedings
The judgment clarified that dismissal is a punitive action taken against an employee following due process but does not automatically entitle the employer to retain dues Bengaluru: The Karnataka High Court has ruled that an employer cannot withhold or forfeit the...
EPS-95 pensioners demand Rs 7,500 minimum pension
Pensioners have been agitating for over 7-8 years for an increase in the minimum pension from Rs 1,000 to Rs 7,500, along with DA and free medical treatment for both the pensioner and their spouse New Delhi: A delegation of EPS-95 pensioners met Finance Minister...
Biden signs Social Security measure to expand benefits for some retirees
President Joe Biden "The bill I'm signing today is about a simple proposition: Americans who have worked hard all their lives … should be able to retire with economic security and dignity," Biden said. "That's the entire purpose of the Social Security system crafted...
Bandhan Life partners with Policybazaar to launch Pension plan
Bandhan Life Insurance has partnered with Policybazaar.com to launch Bandhan Life Invest Pension - a ULIP pension plan designed to help customers build a corpus for their retirement years. Satishwar B., MD & CEO of Bandhan Life Insurance, commented, “By offering...
EPFO launches centralised pension system, benefitting 6.8 mn members
The Centralized Pension Payments System (CPPS) is a paradigm shift from the existing pension disbursement system that is decentralised, with each zonal/regional office of EPFO maintaining separate agreements with only 3-4 banks, the ministry explained in a statement...
Labour reforms, focus on informal workers, other policies on cards in 2025
The four labour codes on social security, industrial relations, wages, and Occupational Safety Health & Working Conditions (OSH) were passed by Parliament. These can be implemented across the country only when the Centre and states notify the respective rules...
NPS assets under management to touch Rs 15 lakh cr by fiscal end: PFRDA Chairman
(L to R)- Rama Mohan Rao Amara, MD of State Bank of India; Deepak Mohanty, chairman, PFRDA, Siddhartha Mohanty,MD&CEO, LIC; Amitabh Chaudhry, MD & CEO of Axis Bank at an event to launch of official launch of the Association of NPS Intermediaries in Mumbai ``We...
Pitiable: SC on pension of retired high court judges
The petitioner, who was elevated as a judge of the Allahabad High Court after serving as a judicial officer in the district court for 13 years, had claimed that the authorities had refused to consider his judicial service while computing the pension. New Delhi: The...
India and UK to collaborate on developing financial regulations
Participants from India and UK touched upon reforms in respective financial services sectors including capital markets, insurance & reinsurance, pensions, FinTech, sustainable finance and International Financial Services Centre GIFT City/Gujarat: The 3rd India –...