The retirement body had paid 50.8 million claims worth Rs 2.05 lakh...
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Pension & Social Security
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Demographic reality – a growing elderly population with fewer working-age people
Jad Ariss, managing director of the Geneva Association, said: “The...
DFS Secy launches LIC’s new Pension plan
M.P. Tangirala, additional secretary, M. Nagaraju, secretary,...
Andhra hikes free medical treatment scheme limit to Rs 25L , monthly social pension to Rs 3K
YS Jagan Mohan Reddy,Chief Minister, Andhra Pradesh "Andhra Pradesh Cabinet has approved the proposal to launch the second phase of Jagananna Arogya Suraksha from January 1 and enhance the free medical treatment limit under YSR Aarogyasri to Rs. 25 lakhs and make it...
Decision on old pension scheme to be taken in next budget session: Maharashtra CM in assembly
Maharashtra Chief Minister Eknath Shinde ''The state government is positive towards the demand of the state employees who went on strike today on reviving Old pension Scheme(OPS). We need some time to study the Subodh Kumar committee's recommendations. Additional...
Workers face double hit from climate change and new technologies, ILO head warns
ILO Director-General, Gilbert F. Houngbo also highlighted rising inequality, insecurity and vulnerability. He told the leaders that this made work on improving and protecting skills even more important ILO Director-General, Gilbert F. Houngbo, has warned that workers...
Bank of England to deepen system-wide stress test for banks, insurers and pension schemes in 2024
The Bank wants to see how market players cope when there are huge demands for liquidity, such as meeting extra margin calls on positions in a short time. London: The Bank of England said on Friday it would start the second leg to its first system-wide stress test of...
China basic pension fund posts 0.33% investment gain in 2022
The basic pension fund manages a total 1.62 trillion yuan by the end of 2022, and has posed an annual average gain of 5.4% since the end of 2016, when the national social security fund started to manage the pension's investment The basic pension fund managed by...
Global investors and businesses have to factor terror risk into their decision making: FM
`Businesses can no longer be just attracted by policies or by the openness of an economy. The risk that the investors and businesses will have to factor into their decision-making is going to be strongly influenced by the impact of global terror,’’ Nirmala...
India among world’s worst countries to work remotely: Report
India’s low position is due to poor results in all four dimensions, primarily because of its digital and physical infrastructure (77) and social safety (74) New Delhi: India ranks 64th among the 108 countries for remote work -- 15 places lower compared to last year --...
India’s pension system improves from 2022: Report
''Changes in workforce dynamics, employment and family patterns have brought formal sources of retirement to the forefront. While there is improvement in the net pension replacement rate and participation in private pension plans, which is reflected in the value of...
SC declines to allow same-sex marriages
On April 27, the court asked the Centre whether social welfare benefits such as opening joint bank accounts, nominating a life partner in provident fund, gratuity and pension schemes can be extended to same-sex couples without going into the issue of legal sanction to...
ILO and WHO review social protection impact in reducing socio-economic damage of next pandemic
Mia Seppo, ILO Assistant Director-General for Jobs and Social Protection, highlighted the complexity of the issues involved. “We see the discussions on a strengthened framework for prevention, preparedness and response as an opportunity to drive the point home that to...