by AIP Online Bureau | Aug 11, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
Nirmala Sitharaman,Union Finance Minister UPS has been introduced through a notification by the government on January 24, 2025, as an option under NPS, she said. Under UPS, she said, assured payout is admissible on retirement at 50 per cent of the twelve-month...
by AIP Online Bureau | Dec 15, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
Maharashtra Chief Minister Eknath Shinde ”The state government is positive towards the demand of the state employees who went on strike today on reviving Old pension Scheme(OPS). We need some time to study the Subodh Kumar committee’s recommendations....
by AIP Online Bureau | Oct 1, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
In Old Pension Scheme (OPS)), the government employees are entitled to receive pension equivalent to 50 per cent of their last drawn salary. Under the NPS, a state government employee contributes 10 per cent of his/her basic salary plus dearness allowance with the...
by AIP Online Bureau | May 28, 2023 | Indian News, Pension & Social Security, Policy
On April 6, the Union Finance Ministry set up a committee under Finance Secretary T V Somanathan to review the pension system for government employees. The committee would suggest whether in the light of the existing framework and structure of the National Pension...
by AIP Online Bureau | Mar 4, 2023 | Indian News, Pension & Social Security, Policy
“It has now been decided that, in all cases where the central government civil employee has been appointed against a post or vacancy which was advertised/ notified for recruitment/appointment, prior to the date of notification for National Pension System i.e....
