National Pension System

Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains

Employees from several states have been demanding a change in the current pension system. Some states, including Rajasthan, Chhattisgarh, Jharkhand have already switched back to the old pension scheme

The NPS was introduced in April 2004 to replace the erstwhile old pension scheme, which was seen as a major burden on state finances

The Corporate Scheme too witnessed a jump of 20 per cent, as the subscriber base rose to 16.63 lakh from 13.84 lakh during the year-ago period

The economics and politics behind the old versus new pension scheme as elections loom

PFRDA had launched the online partial withdrawal facility in January 2021 to help subscribers cope with the Covid-19 pandemic

Asset allocation to NPS should depend on age, risk appetite and asset mix in existing investments

Pension Fund Regulatory & Development Authority has appointed Suraj Bhan as the chairman of the National Pension System Trust (NPS Trust), responsible for managing funds under the National Pension System (NPS). Consequent upon the tenure of the present chairman of the trust coming to an end on November 11, 2022, the authority has designated Suraj Bhan as chairperson of the board of the Trustee with effect from November 12, 2022, Pension Fund Regulatory & Development Authority (PFRDA) said in a circular. Bhan has been a Trustee on the Board of NPS Trust since 2018. He joined the Indian Economic Service in 1983 and retired as Director General of Labour Bureau, Chandigarh, in January 2018. He has varied experience across several sectors with the government and public sector undertakings in the areas of economic policy, business, industry and finance.

Here is a list of the changed and new rules by Irdai and PFRD regarding the National Pension Scheme

India's retirement system has improved marginally from 2021 to rank at 41 out of the 44 countries examined, according to a report. According to the survey, India had an overall index value of 44.4, up from 43.3 in 2021, ranking 41 out of the 44 retirement income systems analysed. The improvement was primarily due to an increase in its net replacement rates, according to the 2022 Mercer CFA Institute Global Pension Index survey (MCGPI). The MCGPI is a comprehensive study of 44 global pension systems, accounting for 65 per cent of the world's population. It benchmarks retirement income systems around the world, highlighting some shortcomings in each system, and suggests possible areas of reform that would help provide more adequate and sustainable retirement benefits. Globally, Iceland was ranked at the top followed by the Netherlands, Denmark, Israel, Finland and Australia. Thailand ranked last at 44, while Philippines was at 43 and Argentina was at 42, according to MCGPI. This y

Only those investors who remain invested for 10 years will get a guaranteed return and if the actual return falls below the assured amount, pension fund managers shall bridge the gap

Reverting to OPS is being considered an easier option from a political standpoint, but could financially stress the states

Currently, variability in performance for investor portfolios over five-year horizon is low

Regulator eases rule for senior citizens taking annuity products from proceeds of National Pension Scheme

Committee set up by pension regulator to consider suggestions made by consultant for scheme

The Union government needs to step in and lead the next round of pension reforms, which are now in danger of unravelling

The Atal Pension Yojana scheme saw an increase in subscribers by 31.60 per cent to 37.2 million in May 2022

Regulator looks to give three pension fund choices for each asset class in non-govt sector

Use a mix of equity funds, PPF, EPF and NPS; review and correct course periodically

Total assets under management (AUM) for the National Pension System schemes saw a year-on-year growth of over 38 per cent