Bandhan Life Insurance has partnered with Policybazaar.com to...
Category:
Pension & Social Security
Latest
EPFO launches centralised pension system, benefitting 6.8 mn members
The Centralized Pension Payments System (CPPS) is a paradigm shift...
Labour reforms, focus on informal workers, other policies on cards in 2025
The four labour codes on social security, industrial relations,...
Subscribers joining NPS after 65 yrs of age can take up to 50 pc equity exposure
The Pension Fund Regulatory and Development Authority (PFRDA) has revised the guidelines on entry and exit following an increase in the maximum age for joining the NPS from 65 years to 70 years of age. The entry age for NPS has been revised to 18-70 years from 18-65 years.
Any Indian citizen and Overseas Citizen of India (OCI) in the age group of 65-70 years can also join NPS and continue up to the age of 75 years, according to a PFRDA circular on the revised guidelines.
EPFO adds 1.283 million members in June amid Covid-19
Of the total 12.83 lakh net subscribers added in June, around 8.11 lakh have come under the social security coverage of Employees’ Provident Fund scheme for the first time.
Fewer women than men will regain work during COVID-19 recovery: ILO
In Building Forward Fairer: Women’s rights to work and at work at the core of the COVID-19 recovery, the International Labour Organization (ILO) highlights that between 2019 and 2020, women’s employment declined by 4.2 per cent globally, representing 54 million jobs, while men suffered a three per cent decline, or 60 million jobs.
NPS” non-govt subscriber base crosses 30 lakh-mark; corpus to hit Rs 1 lakh cr soon: PFRDA
“As of August 14, the non-government sector, which is the corporate and all citizen model, we have seen that the total onboarding (of subscribers) has crossed three million. In this, retail is a big landmark for us.
“Three years ago, our subscriber was just about 13-13.5 lakh (March 2018) in retail and corporate,” the chairman of the Pension Fund Regulatory and Development Authority (PFRDA).
2 Men who conned pensioners pan India of lakhs held
Kumar also said the arrested duo used to call their targets while impersonating as treasury officer or officer looking for the pension and other allowances that a retired employee is used to get from the department.
New York’s pension fund to review oil holdings, axes more coal investments
The move by the New York state pension fund comes days after the United Nation’s Intergovernmental Panel on Climate Change reported global warming was nearly out of control, and calling its findings “a death knell for coal and fossil fuels.”
Major investors, including BlackRock have re-evaluated holdings in fossil fuel producers and prodded energy executives to reduce emissions and prepare for a lower carbon world. After completing its shale review, the New York fund plans to turn next to oil and gas pipeline and processing investments, it said.
Lower death rate pushes elderly population growth to 13.8 cr in 2021:NSO Study
Elderly in study means all those people who are of the age of 60 years and above. ”According to the Report of the Technical Group on Population Projections for India and States 2011-2036, there are nearly 138 million (13.8 crore) elderly persons in India in 2021 comprising 67 million males and 71 million females,” the NSO study ‘Elderly in India 2021’ said.
Govt probes L&T’s employee welfare arm for alleged fraud
The probe follows complaints by a group of employees who alleged that the company deducted contributions from their salaries with the assurance of giving them equity shares of Larsen & Toubro, India’s biggest engineering conglomerate, but instead gave them redeemable preference shares of LandT Welfare Co. The funds collected for employee welfare were allegedly used for expansion by L&T, according to the complaint.
Coronavirus likely to lock India’s women out of job market for years
A report by the Centre for Sustainable Employment at Azim Premji University found that 47% of women workers who lost their job between March and December – before the second wave of the virus hit in April – were made permanently redundant. That compared with around 7% of male workers, many of whom were able to either return to their old jobs or take up independent work like selling vegetables.
Long Covid may qualify as disability under federal law: Biden
“We’re bringing agencies together to make sure Americans with long Covid who have a disability have access to the rights and resources that are due under the disability law, which includes accommodations and services in the workplace and school, and our health care system so they can live their lives in dignity,” Biden said.