Page 5 - Latest Updates on pension scheme
Supreme Court caps maximum pensionable salary at Rs 15,000 under EPS
Order gives employees four months to join
 "Supreme Court caps maximum pensionable salary at Rs 15,000 under EPS")
Punjab: 90,248 deceased beneficiaries of pension schemes identified
A survey of beneficiaries of various pension schemes in Punjab found 90,248 of such beneficiaries as deceased, said an official statement here
 "Punjab: 90,248 deceased beneficiaries of pension schemes identified")
Bank employees' unions call for restoration of old pension scheme
Submit charter of demand for wage revision as part of 12th bipartite settlement
Punjab announces to restore old pension scheme for state govt employees
The Punjab government on Friday decided to restore the old pension scheme for its employees, with Chief Minister Bhagwant Mann terming it a Diwali gift for the state staff
 "Punjab announces to restore old pension scheme for state govt employees")
'Old pension scheme to be restored in Punjab, will do same in Gujarat, HP'
Delhi Chief Minister Arvind Kejriwal on Friday congratulated government employees in Punjab after the state cabinet gave its nod to the restoration of the old pension scheme
 "'Old pension scheme to be restored in Punjab, will do same in Gujarat, HP'")
HP CM Thakur should clarify why BJP is against old pension scheme: Gehlot
Rajasthan CM Ashok Gehlot said his Himachal Pradesh counterpart Jai Ram Thakur should clarify "why the BJP is against old pension scheme" which gives social security to government employees
 "HP CM Thakur should clarify why BJP is against old pension scheme: Gehlot")
Retirees can now opt to continue with 'default' investment plan under NPS
After the new rule kicks in, retirees will be able to choose to continue with the existing plan or choose a new PFM and investment plan
 "Retirees can now opt to continue with 'default' investment plan under NPS")
BS Number Wise: Old scheme puts burden of employee pension on the states
Some governments are seeking short-term benefits to finance their bills, risking their financial security
Fixed investment tenor of 10 years under guaranteed return scheme: PFRDA
Only those investors who remain invested for 10 years will get a guaranteed return and if the actual return falls below the assured amount, pension fund managers shall bridge the gap
 "Fixed investment tenor of 10 years under guaranteed return scheme: PFRDA")
Govt employees' pension: 'Old versus new' debate gathers momentum
Reverting to OPS is being considered an easier option from a political standpoint, but could financially stress the states
 "Govt employees' pension: 'Old versus new' debate gathers momentum")
EPFO calls for increasing retirement age to ease pressure on pension funds
The EPFO has almost 60 million subscribers and it has a cumulative pension and provident fund corpus of more than Rs 12 trillion
 "EPFO calls for increasing retirement age to ease pressure on pension funds")
Supreme Court hears the validity of pension scheme amendment
The pensioners had earlier informed the apex court that asking the employees to contribute 1.16% for salaries above Rs 15k was against Employees' Provident Funds And Miscellaneous Provisions Act, 1952
 "Supreme Court hears the validity of pension scheme amendment")
EPFO in a jam: Why meaningful pension reforms are not moving ahead
Instead of reforms, in many ways, 2022 is showing signs of walk back on pension reforms
 "EPFO in a jam: Why meaningful pension reforms are not moving ahead")
J'khand cabinet approves old pension scheme, 100 units free power for poor
Besides, the cabinet gave its approval to the proposal of giving additional Rs 27 as MGNREGS wage. With this, an MGNREGA worker in Jharkhand will get Rs 237 as minimum wage.
Eknath Shinde restores Emergency pension scheme scrapped by Thackeray govt
The scheme, which was introduced by the Devendra Fadnavis government in 2018, was scrapped by the Uddhav Thackeray-led Maha Vikas Aghadi (MVA) dispensation in 2020
 "Eknath Shinde restores Emergency pension scheme scrapped by Thackeray govt")
PFRDA pension scheme subscribers up 24% to 53.2 million by May end
Atal Pension Yojana (APY) -- the highest contributor to the subscriber base -- registered a growth of 31.6 per cent to 37.2 million by end of May this fiscal year.
Chhattisgarh becomes first state to restore old pension scheme: Report
The government issued a notification saying that the old pension scheme will be effective from April 1, 2022
Private sector to drive growth of PFRDA pension schemes: Study paper
The private sector is expected to drive growth of the NPS, which has witnessed exponential rise over the last five years, in terms of number of subscribers as well as assets under management
Reform reversal
States should not go back on pensions
 "Reform reversal")
A snapshot of best annuity plans offered by various companies with details
Here is how the best annuity plans offered by various companies stack up
