The Assets Under Management (AUM) for both NPS and Atal Pension...
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Pension & Social Security
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EPFO adds 16.10 lakh net members in Feb
A noticeable aspect of the data is the dominance of the 18-25 age...
Falling fertility rates in southern states point to ageing population in future, says Arvind Panagariya
"Southern states in particular, where fertility rates have fallen...
Gehlot reiterates suggestion to implement Chiranjeevi Health Insurance Scheme across country
''Social security should be compulsory. It is the responsibility of the government to look after the needy families,'' he said. Jaipur: Rajasthan Chief Minister Ashok Gehlot on Thursday reiterated that the state government's Chiranjeevi Health Insurance Scheme should...
Citing MHA circular, HC quashes finance ministry notification, orders OPS for all personnel of CAPFs
Delhi High Court has ordered implementation of the Old Pension Scheme for all personnel of the CAPF and directed the Centre to issue necessary instructions within eight weeks It quashed a 2003 notification of the Union Ministry of Finance and a 2020 Office Memorandum...
Study finds how retirement plans affect cognitive performance in older people
With a higher life expectancy and a decline in fertility in developing countries, the elderly population has become the most significant demographic source in Asia and Latin America, generating an urgent need for new, sustainable pension systems Study finds how...
Raj CM Gehlot firm on Old Pension Scheme, dismisses Montek’s ‘financial bankruptcy’ remark
Rajasthan Chief Minister Ashok Gehlot Former deputy chairman of the Planning Commission Montek Singh Ahluwalia cautioned state governments that bringing back the Old Pension Scheme could be a regressive step and lead to financial insolvency Shimla: Rajasthan Chief...
Japanese families offered huge cash to move out of Tokyo
According to the Statistics Bureau of Japan, in 2021, 28.9% of Japan’s total population was at least 65 years old, marking a record high for the country. There were 14.78 million 0-14-year-olds in the same year, accounting for 11.8% of the total population, the lowest...
Axis Bank forays into retirement biz with pension fund management, crosses Rs 100 cr in AUM
The third largest private sector lender received a commencement of business certificate from the Pension Fund Regulatory and Development Authority (PFRDA) on September 20, and the AUM has been managed in the first 45 days of the business, as per a company statement...
Old pension scheme will put burden of Rs 1.10 lakh cr on exchequer, Maha govt won’t revert to it: Fadnavis
Devendra Fadnavis,Deputy Chief Minister,Maharashtra Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last salary drawn as pension Mumbai: Maharashtra Deputy Chief Minister Devendra...
Pension liability between J’khand-Bihar to be resolved in Eastern Zonal Council meet
Bihar alleges that Jharkhand is a debtor of more than Rs 4,000 crore while the latter says that Bihar is responsible for the undue and illogical burden on it The Jharkhand government filed a case in the Supreme Court regarding the same which may take time to reach a...
AP Cabinet raises the social pension to Rs 2,750 per month
The Andhra Pradesh Cabinet on Tuesday gave its green signal to increase the social pension to Rs 2,750 per month from the existing Rs 2,500. The increased pension will be distributed from January 1, 2023. According to an official release, an additional expenditure of...
Climate change could cost pension funds billions, EU watchdog says
Only 14% of pension schemes said they were already using environmental stress-testing in their own risk management, a subgroup that performed better than their peers in the test, EIOPA said. Pension funds across the European Union would lose billions of euros from...