by AIP Online Bureau | Mar 4, 2023 | Indian News, Pension & Social Security, Policy
The employees under the New Pension Scheme (NPS), who have retired after May 15, 2003, will be given OPS from the prospective date. The decision would put a burden of ₹ 1,000-crore on the state exchequer during 2023-24 financial year, Shimla: The Himachal Pradesh...
by AIP Online Bureau | Mar 3, 2023 | Indian News, Pension & Social Security, Regulation
The exit form of NPS will be treated as proposal form for purchasing annuity, thereby reducing the time and efforts of senior citizens as well as insurers. Hyderabad: In order to bring ease of living for senior citizens, the insurance regulator IRDAI has relaxed the...
by AIP Online Bureau | Feb 27, 2023 | Articles, Eco/Invest/Demography, Pension & Social Security, Wealth Management/ Philanthropy, Workplace/Employee Benefits
An impending challenge employees or workers may face in India, is the risk of inadequate pension arrangements after retirement from work. As a fallout, individuals may either be required to put severe curbs on their post-retiral expenses or continue working beyond the...
by AIP Online Bureau | Jan 6, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation
Supratim Bandyopadhyay, Chairman,PFRDA On launching of the Minimum Assured Return Scheme (MARS) under the National Pension System (NPS), PFRDA Chairman Supratim Bandyopadhyay said the board is considering it and hopefully in the next 7-10 days, approvals can take...
by AIP Online Bureau | Nov 10, 2022 | Indian News, Pension & Social Security
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...
