by AIP Online Bureau | Feb 28, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Regulation, Risk Management, Workplace/Employee Benefits
The retirement body had paid 50.8 million claims worth Rs 2.05 lakh crore in 2024-25, up from 44.5 million claims totaling Rs1.82 lakh crore in the previous year. The 8.25 per cent interest rate in 2023-24 was based on EPFO’s record investment income of Rs 1.07 lakh...
by AIP Online Bureau | Jan 26, 2025 | Indian News, Pension & Social Security, Policy
The notification will give the option to 23 lakh government employees to choose between UPS and NPS, which came into effect on January 1, 2004.The notification added that the rate of full assured payout will be 50% of 12 monthly average basic pay, immediately prior to...
by AIP Online Bureau | Aug 25, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
As per the Maharashtra cabinet’s decision, UPS will be effective from March this year and will benefit all state government employees, an official said Mumbai: The Maharashtra cabinet on Sunday decided to implement for state government employees the Unified Pension...
by AIP Online Bureau | Jul 20, 2024 | Indian News, Policy, Workplace/Employee Benefits
“It is apparent that on his reinstatement after the order of dismissal or removal is set aside, a government servant cannot be denied his entire pay and allowances for the period he was out of service,” the court said on Tuesday, allowing the petition...
by AIP Online Bureau | Jun 28, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
In an order, the Department of Personnel and Training (DoPT) asked ministries concerned to direct the public sector undertakings (PSUs), banks, autonomous institutions and statutory bodies under their administrative control to undertake the exercise of periodic review...
