Tag: old pension scheme
Over 23 lakh govt employees under NPS get option to choose unified pension scheme
New Delhi: The just-announced Unified Pension Scheme for central government employees will be available only for those who are currently subscribers of the New Pension…
UPS scheme: Ahead of polls, Maharashtra becomes first state to approve Unified Pension Scheme
The Maharashtra Cabinet on Sunday approved the central government‘s Unified Pension Scheme (UPS), becoming the first state to do so and just within 24 hours…
One-time UPS allocation won’t have big impact on fiscal math
Assured pensions under the newly introduced Unified Pension Scheme (UPS) may require a significant one-time allocation in FY25, but that may not significantly impact the…
An NPS compromise, finally? Centre likely to offer assured base pensions, say sources
The Central government will likely assure its employees a minimum pension of 40%-45% of their last drawn salary by altering the current market-linked pension scheme…
PFRDA: Minimum assured return scheme in works; to be launched soon: PFRDA Chairman
Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty on Wednesday said the regulator is working on a pension scheme which could provide minimum…
ET Awards 2022: Returning to Old Pension Scheme is almost impossible, says FM Sitharaman – The Economic Times Video
Minister of Finance and Corporate Affairs Nirmala Sitharaman in a fireside chat with Bodhisatva Ganguli, Editorial Director of The Economic Times, at the ET Awards…
HP Budget 2023: Himachal Pradesh budget for 2023-24 passed
Himachal Pradesh Assembly on Wednesday passed the annual budget for 2023-24 and the related Appropriation Bill, authorising the government to spend Rs 5,66,83.69 crore from…
OPS vs NPS vs hybrid structure, explained in three charts
The government will set up a committee under the finance secretary to improve the National Pension System, a defined contribution scheme introduced in 2004, to…
Explained: National Pension Scheme (NPS) vs Old Pension Scheme (OPS)
With every passing day, demand for the restoration of the Old Pension Scheme (OPS) is growing louder. Some non-BJP-ruled states, including Himachal Pradesh, Rajasthan, Chhattisgarh,…
One-time option for ‘Old Pension Scheme’ ? Check eligibility, last date
In a significant move, the Centre decided to offer a one-time option for the ‘Old Pension Scheme’ to a select group of central government employees….