Category: Family Pension

Government to announce family pension to employees under New Pension Scheme

| September 18, 2015

Government to announce family pension to employees under New Pension Scheme Family Pension for NPS Employees – A report states that between April 1994 and April 2004, more than 50 lakh youths joined Government Services. However, the same dropped to around 33 Lakhs after April 2004. Experts blame the Governments’ decision to abolish pension for […]

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Government to ease pension norms for pensioners

| February 2, 2015

Government to ease pension norms for pensioners Government will make it easier for pensioners to get pension more easily, Please read this news paper report published in dainik jabran news paper:- [click image below for larger view]

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Government is considering to give relief to NPS subscriber

| January 7, 2015

Government is considering to give relief to NPS subscriber Keen to kickstart pension reforms, the finance ministry has asked the Pension Fund Regulatory and Development Authority (PFRDA) to notify all regulations by the end of the month. The government is also considering giving tax breaks to customers of National Pension Scheme (NPS) at the time […]

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Retirement savings options including NPS got better in 2014

| December 29, 2014

Retirement savings options got better in 2014 The year 2014 saw a big improvement in retirement savings options, whether it is the employee provident fund (EPF), the National Pension System (NPS) or mutual fund pension plans . Employee Provident Fund (EPF) The year proved to be a watershed with the Employee Provident Fund Organisation (EPFO) […]

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Why NPS should be withdrawn – Reply to 7th Pay Commission

| April 25, 2014

Why NPS should be withdrawn – Reply to 7th Pay CommissionBharat Pensioners Samaj An all India Federation of Pensioners’ Associations Ms Meena Agarwal Secretary GOI Seventh Central Pay Commission Post Box No 4599 Hause Khas P.O. New Delhi -110016 e.mail: secy-7cpc@nic.in Madam, Subject: 7th Questionnaire Reference: D.O. No 7cpc/15/questionnaire dated 9th April 2014 ‘Bharat Pensioners […]

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Pensioners cannot opt HDFC Bank for pension disbursement

| April 9, 2014

Government of India Ministry of Finance Department of Expenditure Central Pension Accounting Office Trikoot-II, Bhikaji Cama Place New Delhi-110066 CPAO/Tech/Amdt. Sch. Book/2013-14/291 27.03.2014 Office Memorandum Sub:- Embargo for further allocation of business to Private Sector Bank and removal of state-wise jurisdiction from authorized banks for disbursement of Central Civil Pension. In pursuance of CGA office letter No. S-11012/2/3(19)/Banks/RBD/2004/2077 dated 31.08.2013 read with Ministry of […]

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Pension is statutory right – Madras High Court

| April 8, 2014

CHENNAI: Upholding a Central Administrative Tribunal Tribunal order, the Madras High Court today said right of government servants to receive pension is not a bounty and it is a statutory right conferred under the pension rules applicable from the date when the government servant was appointed, either on daily wage, temporary or permanent basis. A Division […]

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Exit guidelines under National Pension System

| April 7, 2014

Exit guidelines under National Pension System Option for Complete withdrawal of accumulated pension wealth by subscriber PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY 2nd April, 2014 PFRDA/2013/17 /PDEX/10 Subject: Exit guidelines under National Pension System – Option for Complete withdrawal of accumulated pension wealth by subscriber In partial modification to circular no. PFRDA/2013/17 /PDEX/10 issued on […]

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Is Family Pension allowed Under NPS – Reply of P. Chidambaram

| April 6, 2014

Statement of The Central Government Regarding “Family Pension Under NPS” GOVERNMENT OF INDIA MINISTRY OF FINANCE RAJYA SABHA Family pension under NPS STARRED QUESTION NO-350 ANSWERED ON-18.02.2014 350 . SHRI PRABHAT JHA Will the Minister of FINANCE be pleased to state: (a) the details of cases of family pension sanctioned, so far, under the New […]

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AVERAGE ANNUAL RETURNS ON NPS FUNDS

| March 2, 2014

AVERAGE ANNUAL RETURNS ON NPS FUNDS The National Pension System is an attempt towards providing adequate retirement income to every citizen of India. NPS aims at ensuring financial security to every citizen by encouraging them to start contributing towards the old age saving. NPS has been designed to enable the subscribers to make optimum decisions […]

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