Tag: Pension
Pension: Employees’ Pension Scheme subscribers could withdraw pension from any bank across India from January 1, 2025
Labour and employment minister Mansukh Mandaviya on Wednesday approved the centralized pension payment system (CPPS) under the Employees’ Pension Scheme, 1995, allowing 7.8 million EPS…
New single unified pension form launched, nine forms merged into one for ease of senior citizens and pensioners
The government has launched a single unified pension form, merging merging nine separate forms into one “Form 6-A’ to streamline the process for pensioners, reducing…
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…
Pension cannot be linked to inflation: MoS Shobha Karandlaje
The monthly pension of workers under the Employees’ Pension Scheme (EPS) of the Employees’ Provident Fund Organisation cannot be linked to inflation, Shobha Karandlaje, union…
Pension Budget 2024 expectations: FM may offer guarantee under NPS; central government employees likely to get 50% of last pay drawn as pension
The government plans to provide 50% of the final pay drawn as pension for central government employees enrolled in the National Pension System. This effort…
Allow NPS investment tax break of Rs 50,000 in new tax regime in interim budget 2024: Experts
The government wants to encourage people to move to the new tax regime which combines lower tax rates with a very limited number of exemptions….
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…
Salary, pension and more pension! Taiwan encourages recruitment of retired senior citizens
TAIPEI: Taiwan is reengaging its retired senior citizens for work to avert a looming workforce crisis. The country is offering them free training, subsidies and…
Higher EPS pension: Labour ministry clarifies how it will compute pension on higher wages
The labour ministry, on Wednesday, clarified that it would draw 1.16 % additional contribution from within the overall 12% of the contribution of the employers…
EPS pension: Higher EPS pension: Labour ministry clarifies how it will compute pension on higher wages
The labour ministry, on Wednesday, clarified that it would draw 1.16 % additional contribution from within the overall 12% of the contribution of the employers…