Page 5 - Retirement

AP issues ordinance raising retirement age of govt employees from 60 to 62

The Andhra Pradesh government on Monday enhanced the retirement age for its employees by two years to 62.

Ohio retirement fund sues Facebook, blames investment loss on website

Facebook said it was looking out for our children and weeding out online trolls, but in reality was creating misery and divisiveness for profit, Ohio Attorney General Dave Yost said in a statement.

Don't delay retirement planning; estimate corpus as first step: Experts

Use a mix of equity funds, PPF, EPF and NPS; review and correct course periodically

Infosys COO Pravin Rao set to retire, co to announce new structure soon

Infosys on Wednesday said its Chief Operating Officer Pravin Rao will be retiring in the third quarter of the current fiscal and the company will announce a new corporate structure soon.

Those joining NPS after 65 yrs of age can take up to 50% equity exposure

Any Indian citizen and Overseas Citizen of India (OCI) in the age group of 65-70 years can also join NPS and continue up to the age of 75 years

Split portfolio into various segments to keep cash flow at retirement

Use equities to keep your wealth growing, fixed-income instruments and annuities to generate cash flow

Over 81K paramilitary personnel took voluntary retirement since 2011: MHA

More than 81,000 personnel of the paramilitary forces such as the CRPF and the BSF have taken voluntary retirement in the last decade, the maximum of over 11,000 in 2017 alone.

Maharashtra to raise age limit for retirement of health dept officials

Maharashtra Cabinet approved a proposal to extend the age limit for the retirement of Health Department officials from 61 years to 62 years, said state Health Minister Rajesh Tope

Govt extends superannuation age of LIC chairman to up to 62 years

The government has extended the superannuation age of IPO-bound LIC Chairman to up to 62 years by making amendment to the Life Insurance Corporation of India (Staff) Regulations, 1960.

EPFO adds over 1.27 million subscribers in April, an increase of 13.73%

Net new enrolments with retirement fund body EPFO increased by 13.73 per cent to 12.76 lakh in April from 11.22 lakh in March this year, according to payroll data released on Sunday.

Babus taking up a private job soon after retirement akin to misconduct: CVC

In an order, the CVC has outlined procedure for government organisations for obtaining vigilance clearance for retired-babus before employing them.

New Zealand wicket-keeper Watling to retire after Test Championship final

New Zealand wicket-keeper batsman B J Watling announced that he will end his over-decade-long career in all forms of cricket after the World Test Championship final against India next month

Top 5 Post Retirement Risks That You Need To Account For

.

Retirement homes: A haven for those too old to work, too young to die

They aren't the popularly imagined dwellings for spurned old parents, but offer a holistic lifestyle for those among the elderly who still have a great zeal for life

Survey shows most senior citizens want to work beyond retirement age

Conducted across urban centres in northern, western and southern India, the study shatters myths about the way the elderly spend their money

60% seniors want to work post-retirement, spend on leisure travel: Survey

Around 64 per cent of seniors, aged 50 and above, want to continue working post-retirement for financial independence, mental peace, and to maintain a healthy lifestyle, according to a survey.

Purchase annuities in a staggered manner to get a better rate of return

Buy plans that do not have return of purchase price option, at a later age, to get a better rate of return

China's plans to hike retirement age from 60 fuels public discontent

China's retirement age has remained unchanged for more than four decades at 60 for men and 55 for female white-collar workers, even as life-expectancy has risen

Planned for your retirement yet? Here are some quick thumb rules to start

Heuristic guidelines are a good place to start. Once you get a hold on them, seek professional advice

To retire rich, don't leave too much to your kids

The retirement plan of Indians, like struggling middle-class people everywhere, now leans on spending on the education of their teenagers