PFRDA Chairperson Deepak Mohanty on Thursday launched a web...
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8 lakh bank employees to get 17% annual wage hike, 5-day work week awaits govt approval
For the retired employees, it was agreed that the monthly ex-gratia...
India needs investments in geriatric care:Smriti Irani
Smriti Irani, Union Minister Women and Child Development ''The...
Working millenials not saving enough for their retirement
“While it could be assumed that millennials have plenty of time to save for retirement, they have to shoulder more responsibility than their parents and grandparents to do so, Compared to older generations, millennials are less likely to have employer-provided pension or defined benefit retirement plans. Additionally, millennials are likely to live longer,” said Rui Yao, associate professor at University of Missouri.
India needs to evolve into a pensioned and insured society: Arun Jaitley
PFRDA Chairman Hemant G Contractor said that his office is considering an auto enrolment system under the National Pension System (NPS) with an element of soft compulsion, in which all the employees working in government identified sector/industries in unorganised sector would be automatically covered unless they choose to opt out.
EPFO cuts interest rate to 8.55% for 2017-18 from 8.65% for 2016-17
Gangwar further said the ETF investments have fetched a return of 20.65 per cent so far, and in the months of January and February this year, the EPFO has sold Rs 3,700 crore ETFs which earned a return of Rs 1,011 crore.
Workers demand Rs 15K minimum pension under EPS-95
“We demand the issuance of order from Central Government on welfare of stakeholders i.e. pensioners of the EPFO. At present more than 25 lakh pensioner are bound to live their life below poverty line. If Govt does not fulfil our demand we will announce a big protest by tomorrow evening”the Committee’s General Secretary Prakash Pathak told .
Tax free Rs 20 lakh gratuity for employees may be a reality soon
At present formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free gratuity after leaving job or at time of superannuation
52 pc senior citizens apply for maintenance allowance: Survey
“58 per cent petitioners faced physical abuse (beating and hitting), 28 per cent suffered mental torture. Most cases of physical abuse were reported from Punjab, mental torture from Kerala and neglect from Tamil Nadu,” the survey findings revealed.
Increase social security pension in Budget 2018: Economists to Jaitley
“The amount (for social security pension) has been Rs 200 per month. This is totally unacceptable. There is no reason to keep it so low. So, make it at least Rs 500, I would say even Rs 1,000, if possible and increase the coverage,” noted economist Jean Dreze said