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PENSION SCHEMES NEWS

Here's all you need to know about Atal Pension Yojana (Source Freepik)

Atal Pension Yojana: Know the benefits eligibility, documents required and enrollment process

June 26, 2024 12:24 pm

Atal Pension Yojana (APY Scheme): Launched in 2015, Atal Pension Yojana (APY) is a social security scheme aimed at providing a stable income to individuals during their retirement years.

NPS, APY subscribers rise 23% in FY23; over 1 cr customers added under Atal Pension Yojana

March 10, 2023 3:05 pm

The total pension assets under management (AUM) under NPS and APY grew 23.45 per cent year-on-year to Rs 8.82 lakh crore as of March 4, 2023.

Reverting to OPS will privilege govt servants at cost of larger public: Former RBI guv Subbarao

March 03, 2023 1:04 pm

The decision of some states to restart the Old Pension Scheme will be decidedly a regressive move, former RBI governor D Subbarao said.

EPFO subscribers can now opt for higher pension; can ask for 8.33% deduction from total PF contribution

February 23, 2023 9:01 am

The EPFO has issued a fresh set of instructions for employees who had not opted for pension contributions at a higher wage than wage ceiling and continued to be in service on or after September 1, 2014.

Maharashtra Welfare fund scam: Politicians diverted taxpayers’ money for electoral mileage

December 24, 2014 7:47 pm

In the run-up to state Assembly polls in October, powerful leaders milked welfare schemes.

In Kolhapur, pension scheme knew no rule

December 24, 2014 9:41 am

Action will be taken against all those responsible for the bogus cases.

Tapping low-income groups with hopeful pension products

November 25, 2013 10:55 am

Old age security,especially for those in unbanked areas,is often considered a paradox.

IRDA to do away with mandatory 4.5% return on pension schemes

August 01, 2011 10:50 pm

IRDA today proposed doing away with the assured 4.5 per cent return norm for pension schemes.

Retirement planning & investment avenues with rule 72

September 04, 2010 11:05 pm

Saving for retirement and planning for retirement are two different things. Before we plan for retirement,lets have a look at the Rule of 72. By dividing 72 by the rate of return,one can get a rough estimate of how many years it will take for the initial investment to double.

Low-cost pension to cover 400 m workers

August 24, 2009 9:36 am

The New Pension Scheme has decided to break through to the vast majority of the workers in the unorganised sector,who are not financially capable of meeting the minimum investment needs to qualify for pension. The proposal would also allow approximately 400-million workers,a large percentage of which is barely literate to get free advice from a nodal group about which scheme would suit them the most. The Pension Fund Regulatory and Development Authority is planning a low-cost pension scheme that would cost the workers far less than the current annul contribution threshold of Rs 6,000.