Retirement Schemes

Retirement income: SWP vs Dividend Plans - which is the smarter choice?

In the last three years, the top 5 retirement funds have given an average return of 11-16 percent to investors

Pension plans of various companies, terms, fees put together in one table

Deferred annuity payouts, single and joint plans, 'lifetime income' other schemes explained

Investing in Integrated Retirement Communities: The Smart Way Forward

Integrated Retirement Communities bridge the gap, offering comfort, care, convenience, and camaraderie tailored to each individual's needs.

Yes, you can save too much for retirement: Here's what you must know

While everyone feels as though they haven't saved enough, 77% of retirees say they are "living comfortably"

Protect market gains, book your profit: Top personal finance stories

Also this week, we write about why Indians love Frontier food

Pension plans of various companies, terms, fees put together in one table

Regular pay, single pay and single pay deferred annuity schemes explained for your convenience

All permanent workers of Britannia's Kolkata unit take voluntary retirement

FMCG major Britannia Industries Ltd said all permanent workers at its Taratala factory in Kolkata have accepted the voluntary retirement scheme (VRS). Despite this significant workforce change, a company official claimed that there would be no material impact on the business operations of Britannia Industries. However, according to senior CITU leader Gautam Ray, production has been stopped at the plant. "There has been no production at the Taratala plant for over 20 days. All 122 permanent employees have accepted VRS, and negotiations are ongoing for 250 contractual workers," said senior CITU leader Gautam Ray. Britannia did not respond to PTI's queries on stopping the production. The Taratala plant, one of Britannia's oldest biscuit manufacturing units, has been operational for over seven decades. According to sources, the Britannia management offered Rs 13 lakh to employees with up to 5 years and 11 months of remaining job tenure, Rs 18.5 lakh for employees with 6 to 10 years o

There are rewards for investors who are averse to taking market risk

They don't have to put their money in equity trade and yet build a corpus for their financial goals

Elderly retirees face financial losses after Chinese trust goes bust

Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry and a broader economic slowdown. Sichuan Trust, headquartered in the southwest city of Chengdu, announced it was insolvent in 2020, stricken by sketchy accounting and failed investments in shopping malls and other projects. A deadline earlier this month to accept a 20%-60% haircut or loss on their investments has left some investors in deep financial trouble, according to public announcements and AP interviews with five people affected. China's economy, the world's second largest, depends heavily on real estate development to drive growth and create jobs. Property prices and sales have languished after a crackdown on what leaders viewed as dangerous levels of borrowing, causing dozens of developers to default on their debts. At the National People's Congress session in Beijing last week, officials pledg

Make your retirement portfolio last longer, withdraw funds conservatively

A recent study suggests a withdrawal rate of 3-3.5%, but financial advisors suggest erring on the side of caution

All about pension plans, luxury apartments: Top personal finance stories

This week we explain the pros and cons of deferred annuity plan and what to look for in a gated society home

GlaxoSmithKline completes VRS scheme as part of its business review

GlaxoSmithKline Pharmaceuticals has also established an Omnichannel Team, leveraging technology to enhance its reach and coverage across target segments

How To Withdraw PF Advance Online? Here's A Step-By-Step Guide

French constitutional council yet to rule on higher retirement age

An elite French institution was expected to rule on Friday on whether President Emmanuel Macron's contested plan to raise the retirement age is constitutional, a decision that could calm or further enrage opponents of the change. All eyes were on the heavily guarded Constitutional Council, which can nix all or parts of a complex pension reform plan that Macron pushed through without a vote by the lower house of parliament. Spontaneous demonstrations were likely around France ahead of the nine-member court's ruling. The president's drive to increase the retirement age from 62 to 64 has provoked months of labour strikes and protests. Violence by pockets of ultra-left radicals marked the 12 otherwise peaceful nationwide marches that unions organised since January. In addition to ruling on the pension reforms, the Constitutional Council also will decide on a request by lawmakers who oppose the plan to use a little-used and lengthy process that could ultimately lead to a referendum on a

Air India offers voluntary retirement scheme to its staff, excluding pilots

This is the second such offer since the takeover of the airline by the Tata Group in January 2022, and will remain in force till April 30

How inadequate savings could jeopardise women's retirement planning

Not allocating adequately to equities, which can potentially beat inflation, is another error they must avoid

Govt bonds and immediate annuity plans: 2 options for retirement income

The first offers a guaranteed rate of return for long; the other secures income for the rest of your life

4,500 Air India employees opted for voluntary retirement so far: Report

Under the Air India's VRS rules, people older than 40 years of age with 20 years of continuous employment can opt for voluntary retirement

India Inc bullish on Agnipath scheme, vows to hire soldiers in 4 years

The Union government has approached top 85 Indian companies including Reliance and Bharat Forge to hire Agniveers once they retire four years later and the feedback has been positive

Ad-hoc panel backs raising the wage ceiling under EPFO to Rs 21,000: Report

The increase in the limit to Rs 21,000 under EPFO will bring more workers under the retirement scheme