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PFRDA rejects Chhattisgarh’s request to refund Rs 17,240 cr collected under NPS, CM urges Modi to intervene

PFRDA rejects Chhattisgarh’s request to refund Rs 17,240 cr collected under NPS, CM urges Modi to intervene

by AIP Online Bureau | Jun 3, 2022 | Indian News, Pension & Social Security, Policy, Workplace/Employee Benefits

Bhupesh Baghel,Chief Minister,Chhattisgarh PFRDA in a letter dated May 26 replied that there is no such provision available under which the funds, which are deposited both in the form of the government contribution and employees’ contribution towards NPS, along...

Budget 2022-23:Tax deduction limit of state govt employees increased from 10 pc to 14 pc

by AIP Online Bureau | Feb 2, 2022 | Indian News, Pension & Social Security, Policy

”This is a significant announcement to bring state government employees on par with the central government employees and this will help state government employees getting extended social security benefits in line with their counterparts in the union...

Economic Survey: More people now opt for a pension of Rs1000 per month

by AIP Online Bureau | Jan 31, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security

As on September 2021, around 78 per cent subscribers have opted for Rs 1000 per month pension amount, as compared to 38 per cent subscribers as on March 2016 The share of subscribers opting for Rs 2000/`Rs 3000/Rs 4000 per month pension is 8 per cent, while 14 per...

PFRDA to ‘discuss’ plan to raise equity exposure in NPS to 75%

by AIP Online Bureau | Jan 22, 2022 | Indian News, Pension & Social Security, Policy

“Currently, they have a maximum equity exposure of 50 per cent but that too 50 per cent we call auto kind of investment. So this auto choice is nothing but it follows a lifecycle fund pattern where up to the age of 35, it will be 50 per cent in equity and...
NPS generated good returns for subscribers, says PFRDA Chairman

NPS generated good returns for subscribers, says PFRDA Chairman

by AIP Online Bureau | Dec 6, 2021 | Eco/Invest/Demography, Indian News, Pension & Social Security, Workplace/Employee Benefits

Supratim Bandyopadhyay,Chairman,PFRDA “Over a period of 12 years, the returns under equity schemes are more than 12 per cent, and in government securities, it was close to 9.9 per cent, and in corporate bonds, despite some credit events that we have seen, we...
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