Pension Scheme

  • Proposal for Rs 1,000 minimum monthly pension approved: Government July 7, 2014

    New Delhi: Government has approved minimum monthly pension of Rs 1,000 under Employees Pension Scheme 1995 (EPS-95) run by the retirement body Employees' Provident Fund Organisation (EPFO), Parliament was informed on Monday. The decision of the government would immediately benefit 28 lakh pensioners including 5 lakh widows getting less than Rs...
  • UP govt announces 'Samajwadi Pension Scheme' June 27, 2014

    Uttar Pradesh government on Thursday announced 'Samajwadi Pension Scheme', aimed at benefiting about 40 lakh families in the state. "Nearly 40 lakh families will benefit from the scheme and a sum of Rs 500 will be transfered in the bank accounts of head of each family every month," Chief Secretary Alok...
  • Uttarakhand government approves pension scheme for farmers June 6, 2014

    Ahead of the Gairsain Assembly session, Uttarakhand Cabinet on Thursday approved two popular schemes including a pension scheme for farmers and a scheme to air-lift doctors to remote areas of the state. Both the decisions were taken in the Cabinet meeting chaired by Chief Minister Harish Rawat in Almora on Thursday,...
  • Had little role in 'One Rank, One Pension' decision: Rahul February 25, 2014

    Chandigarh: Claiming that he had made "little" contribution in the decision to bring in the 'One Rank, One Pension' scheme, Congress Vice President Rahul Gandhi on Monday said it should have been introduced 25 years ago. Addressing a gathering of ex-servicemen from the region late in the evening, Gandhi...
  • UP government woos voters with 'samajwadi pension scheme' January 28, 2014

    In a bid to woo electorate ahead of the Lok Sabha polls, Uttar Pradesh government on Tuesday announced to launch "samajwadi pension scheme" which will benefit over 40 lakh families. "The cabinet has okayed Samajwadi pension scheme, which will benefit 40 lakh families. Under the scheme, pension between Rs 500 to...
  • New Pension System for low income group in Assam August 16, 2013

    The Swavalamban Pension Scheme for all citizens of low income group in Assam will be implemented by the government in a phased manner beginning from the Social Welfare Department for Anganwadi workers, official sources said on Friday. Under the scheme, a subscriber with a minimum contribution of Rs 1000 yearly will...
  • Government to bring reforms in its pension scheme for the deprived March 4, 2013

    New Delhi: Government is planning to bring in reforms in NSAP pension scheme to include more socially and economically deprived people by covering single women and reducing minimum eligibility age for widows from 40 years to 18 years. The revised scheme which is expected to cost Rs 1,31,626 crore will...
  • Union Cabinet to meet today October 18, 2012

    New Delhi: The Union Cabinet will be meeting on Thursday and the pricing of excess spectrum is likely to be approved. The AG could be asked to come to Cabinet. Also on agenda are measures to control the spread of Japanese Encephalitis in UP and Bihar, the 78-day productivity linked...
  • One rank one pension: Scepticism replaces jubilation September 25, 2012

    New Delhi: India's nearly 23 lakh ex-military personnel have a reason to celebrate. The government has finally conceded their demand for One Rank One Pension. It means that the military personnel will draw the pensions depending on the rank at which they retired, and not the date of their retirement. The...
  • Pension issue: Left unions in Kerala to strike work August 17, 2012

    Thiruvananthapuram: With the Congress-led UDF government in Kerala sticking to its decision to introduce Participatory Pension Scheme (PPS) in state services, pro-Left employees unions have threatened to strike work on August 21. Union leaders announced the decision after talks convened by Chief Minister Oommen Chandy on Thursday evening failed to bring...
  • 'Monthly old age pension of Rs 200 an insult' May 20, 2012

    New Delhi: The monthly pension of Rs 200 given to the elderly is "an insult to the dignity of an individual", Rural Development Minister Jairam Ramesh has said, requesting Prime Minister Manmohan Singh to immediately review the scheme. In a letter to the Prime Minister, the minister has recommended streamlining the...
  • A ray of hope for those in sunset years May 11, 2012

    New Delhi: Activists Aruna Roy, Nikhil Dey and Baba Adhav have sparked a debate on rights of citizens and obligations of the state. Does every citizen above the age of 60 deserve a pension of Rs 2000 a month? Is it the duty of the state to mobilise resources to...
  • Army Chief hints at one rank, one pension April 23, 2012

    Ballia: Chief of Army Staff General VK Singh on Sunday hinted at implementation of one rank, one pension and said all information regarding ex-Army men would be collected and their problems would be sorted out. Addressing a conference of ex-Army men Gen Singh said that all efforts were being made to...
  • India has one of world's weakest pension systems November 8, 2011

    London: Greece, India, China and Thailand are home to the weakest national pension systems in the world, crippled by a mix of acute sovereign debt, young retirement ages, high ratios of pensioners to workers and poor pension take-up, a study showed. The Allianz Global Investors Pension Sustainability Index, which tracks the...
  • New Pension Scheme: Don't invest yet! May 15, 2009

    With the launch of New Pension Scheme (NPS) comes the government’s attempt to offer a first of its kind social security plan. The long awaited plan was finally launched on May 1, 2009 after being in the pipeline for five years. Wealth tries to answer the 10 most commonly asked...
  • New pension plan to benefit private firm employees May 2, 2009

    New Delhi: The Government has now opened up its New Pension scheme to all between the ages of 18 and 55. It promises returns of over 14 per cent and offers the lowest fund management charges in the world. This is particularly relevant if you are employed with a...