The newly elected Congress Government led by Sukhvinder Singh Sukhu regime has restored the Old Pension Scheme (OPS) for Himachal Pradesh government employees with immediate effect. This has stirred a debate around the two variants of Pension Scheme in India.
Himachal Pradesh government will be reinstating the old pension scheme for its employees after it was replaced by New Pension Scheme in 2004. The decision was taken in a cabinet meeting and the guidelines for the implementation of the scheme will be issued soon.
Gujarat election 2022: The AAP national convener asked government employees seeking the old pension scheme among other demands to help his party form government in the state.
Old pension scheme Punjab: Earlier, Rajasthan, Chhattisgarh and Jharkhand too went back to the Old Pension Scheme and quashed the new pension scheme.
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.
The first digital payment was made under the programme on the day, Delhi Social Welfare Minister Rajendra Pal Gautam said.
Akhilesh Yadav has offered to relaunch the Samajwadi Pension scheme for UP Election 2022. Yogi Adityanath slammed him for the same and said that it was stopped under Mulayam Singh Yadav in the first place.
As per the new rule, other eligible members of the family would be entitled to receive the family pension till the disposal of the criminal proceedings against the spouse of the deceased employee.
The Maharashtra government on Friday scrapped the pension scheme for the prisoners booked under the Maintenance of Internal Security Act (MISA) during the 1975-1977 Emergency in the country.
The Government has taken a decision to allow Invalid Pension to Armed Forces Personnel with less than 10 years of qualifying service. Invalid pension is granted to the Armed Forces Personnel who is invalided out of service on account of disability which is accepted as Neither Attributable to Nor aggravated (NANA) by Military Service.
LIC Pension Plan: Life Insurance Corporation of India (LIC), India's largest insurer has launched Pradhan Mantri Vaya Vandana Yojana (PMVVY) for senior citizens aged 60 years and above. LIC's PMVVY pension scheme is non-linked and non-participating subsidized by the Centre.
Some investments are meant to be done for the long-term. One financial goal common to all people is retirement. We must save adequately for our golden years when we’ll no longer have financially productive full-time employment. We’ll need to fall back on our long-term investments to help generate the income which will keep us going through our old age.
Life Insurance Corporation's (LIC) pension scheme 'Pradhan Mantri Vaya Vandana Yojana' (PMVVY) is an ideal plan for senior citizens, said LIC's former Development Officer. Proper monetary planning for retirement can benefit you a long way in twilight years as old age comes with a number of problems.
LIC Pension Plan Alert! Proper monetary planning can benefit you a long way in twilight years. Keep this in mind, the Life Insurance Company (LIC) is offering insurer a pension scheme that will give policyholders Rs 10,000 per month.
The labour ministry has implemented retirement fund body EPFO's decision to restore pension commutation under the Employees' Pension Scheme, a move that will benefit 6.3 lakh pensioners.
New Pension Rules: In a landmark judgement, the Narendra Modi-led government on January 18, 2020, decided to give pension under the old pension system to the government employees who were appointed before 01.01.2004 but they joined the job on this date.
As many as 18.80 lakh farmers have so far enrolled under the Pradhan Mantri Kisan Mandhan Yojana (PM-KMY), a pension scheme for small and marginal farmers, Parliament was informed on Tuesday.
The Punjab cabinet on Monday decided to hike its share in the national pension scheme from 10 per cent of basic pay and dearness allowance to 14 per cent, in line with a move by the Centre some months back.
"This is to inform to the general public that based on the request received from Reliance Capital Pension Fund Ltd, the certificate of registration granted to Reliance Capital Pension Fund Ltd has been cancelled by the Authority and the pension fund is no longer available for subscription under NPS," PFRDA said.
"In this financial year, the response towards the enrollment of APY was overwhelming and more than 36 lakh APY accounts have been added till October 31, 2019 indicating a growth of 33 per cent in comparison to 26 per cent growth during the corresponding period, last fiscal," the Pension Fund Regulatory and Development Authority (PFRDA) said
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