Page 2 - Pension Fund
PFRDA set to provide a better option than annuities to NPS members
Mulls raising threshold to Rs 5 lakh from current Rs 2 lakh for exemption from annuity requirement, hiking maximum age to 70 yrs from 65 yrs for NPS entry, a minimum guaranteed product, on-tap license
 "PFRDA set to provide a better option than annuities to NPS members")
PFRDA looking to introduce minimum assured return product: Chairman
PFRDA is working on plans to introduce innovative retirement benefit products, such as one providing minimum assured return, to attract more subscribers, its Chairman Supratim Bandyopadhyay said
 "PFRDA looking to introduce minimum assured return product: Chairman")
Budget: Relief from double taxation for NRIs' earnings in pension account
So, if a person moves to India and becomes a resident Indian for tax purposes, they get taxed on any income they earn in these accounts
 "Budget: Relief from double taxation for NRIs' earnings in pension account")
Pension regulator pitches for tax incentives in upcoming Budget 2021
The pension regulator also wants tax parity for employees of state governments and private companies with those of the central government in respect of contribution to the NPS
ESIC social security scheme sees around 821,000 enrolments in March
The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, retirement fund body EPFO and pension fund regulator PFRDA.
 "ESIC social security scheme sees around 821,000 enrolments in March")
Pension market set for deep reforms; foreign funds to get more leeway
This could entail a thorough rewrite of the pension products that insurance companies and some mutual funds offer today
 "Pension market set for deep reforms; foreign funds to get more leeway")
Latest victim of 2018's stock rout is Japan's Government Pension Fund
More than $10 trillion in equity value was wiped out from the global markets last quarter as an ongoing trade spat between the US and China raised concern over a slowdown in growth
 "Latest victim of 2018's stock rout is Japan's Government Pension Fund")
Govt issues fresh guidelines to 12 major ports for pension fund investment
At present, pension, provident and surplus funds at major ports add up to around Rs 30 billion, yielding interest of around Rs 27 billion
 "Govt issues fresh guidelines to 12 major ports for pension fund investment")
Pension regulator PFRDA relaxes norms, allows partial withdrawal under NPS
NPS subscribers who have contributed for three years can now withdraw up to 25 per cent of the corpus for meeting specified expenses
 "Pension regulator PFRDA relaxes norms, allows partial withdrawal under NPS")
World's biggest pension fund posts record $92-billion gain
Japanese shares returned 15 per cent over the three months
 "World's biggest pension fund posts record $92-billion gain")
