EPFO, on February 28, had decided to retain the interest rate of...
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Pension & Social Security
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Central govt employees retiring day before annual pay hike date to get notional increment
As specifically mentioned in the orders of the apex court, "grant...
All high court judges entitled to full pension: SC
Observing that denial would amount to violation of right to...
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...
No proposal for restoration of old pension scheme Karad
"The state governments of Rajasthan, Chhattisgarh, and Jharkhand, have sent proposals to the central government/PFRDA to return the accumulated corpus of subscribers under NPS to respective state governments. No such proposal has been received from the state...
ICICI Prudential Pension Funds turns profitable; to expand in more cities, tie up with fintech firm
The Rs 8.2-lakh crore pension fund industry, excluding the Atal Pension Yojana funds, is still vastly controlled by government agencies. Over Rs 6 lakh crore of the total pension fund is managed by the EPFO and Rs 90,000 crore, up from Rs 47,000 crore in FY20, from...
Americans spend less after retirement age: Research
"This research provides new insights about spending during traditional retirement years and should help households, policymakers and financial advisors better determine adequate saving rates during the working life and affordable spending levels during retirement,"...
Ahead of budget, economists demand increase in social security pension and maternity benefits
According to the letter, the central government's contribution to old-age pensions under the National Old Age Pension Scheme (NOAPS) has stagnated at just Rs 200 per month since 2006. The letter said the central government's contribution should be immediately raised...
SCOR completes a £1.7 billion longevity transaction with Balfour Beatty Pension Trust
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...
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...