Page 3 - Pensions

How to check pension status on EPFO portal: Here's a step-by-step guide

Any EPF pensioner can get the PPO number using either the bank account number or PF number

Edelweiss raises $425 mn for 3rd special situation fund, seeks $1 bn corpus

Company says it has investment commitment from insurance companies, pension funds, high net worth individuals

Telangana govt introduces 'Aasara' pension as social safety net to poor

As a part of its welfare measures and social safety net strategy, the Telangana government has introduced the 'Aasara' pensions, with a view to ensuring secured life for all the poor.

Cabinet hikes dearness allowance for central govt employees to 38%

The move will benefit about 4.8 million central government employees and 6.9 million pensioners. The decision will be effective from July 1, 2022.

Fixed investment tenor of 10 years under guaranteed return scheme: PFRDA

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

Govt bonds and immediate annuity plans: 2 options for retirement income

The first offers a guaranteed rate of return for long; the other secures income for the rest of your life

Govt employees' pension: 'Old versus new' debate gathers momentum

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

Universal Pension Scheme: New EPFO scheme may cover unorganised workers

If the scheme gets approved, the unorganised sector workers will put in a fixed amount with a flexibility of making voluntary payments.

Coal stocks at thermal power stations to last 17 days: Senior official

Union coal secretary Anil Kumar Jain on Tuesday said that thermal power stations have coal stocks that will last for the next 17 days and Mahagenco has stocks for eight to 10 days. Jain addressed a press conference along with Coal India Ltd (CIL) chairman Pramod Agrawal at the Western Coalfields Limited (WCL) during their visit to Nagpur. A major decision has been taken with regards to the pension scheme of coal mine workers, Jain said. The CIL gives Rs 10 per tonne of coal production towards pension scheme to coal mine workers, and likewise, the CIL gave approximately Rs 622 crore towards pension scheme out of the total production of 622 million tonnes last year, he said. As private coal companies were not contributing this way, the coal ministry was planning to a make a law wherein such firms will have to contribute around Rs 20 per tonne coal towards pension fund, Jain said. Speaking about the coal supply to Mahagenco and other power companies, Jain said the WCL was supposed to

Tamil Nadu CM Stalin announces hike in DA for govt staff, pensioners

The announcement of the Chief Minister will lead to a burden of Rs 1947.6 crore to the exchequer and benefit 16 lakh people including serving and retired government employees.

'One MLA, One Pension' scheme notified, will save Rs 100 cr: Punjab CM Mann

"It is a humble initiative by the AAP government to realise the dreams of our freedom fighters and national heroes," he said.

Woman gets family pension denied to her for over 30 years, says NHRC

The National Human Rights Commission has ensured that a woman got the family pension which had been "denied" to her for over 30 years since her husband died in 1987, officials said.

Fresh urgency on pension reforms

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

EPFO to soon disburse pension to over 7.3 mn pensioners in one go

EPFO will approve a proposal for setting up a central pension disbursal system on July 29 and 30, paving the way for crediting the benefit into over 7.3 million pensioners' bank accounts in one go

Agnipath scheme: A burgeoning pension bill is the govt's big headache

Pension is growing faster than the salaries of state employees, accounted for a third of revenue expenditure by armed forces in 2013-14 and 2020-21

Saving money to skilling soldiers: Agnipath's bold battle plan for military

The expected savings on salary and pension bills needs to be set against the problems of jobs for trained soldiers discharged from service and the relationship between Agniveers and regular full-time

BCCI announces increase in monthly pensions of former cricketers, umpires

Ex-India captain and BCCI president Sourav Ganguly said that it is extremely important for the cricket board to take care of the financial well-being of our former cricketers and umpires.

Jan Suraksha schemes bring insurance, pension accessible to common man: FM

Finance Minister Nirmala Sitharaman said the three Jan Suraksha schemes have brought insurance and pension within the reach of the common man.

Minimum guaranteed-return pension products may have varied capital needs

Those having higher assets under management (AUM) may have greater requirements of minimum paid-up capital: Sources

What is One Rank, One Pension?

The Supreme Court on March 16th upheld the 'one rank, one pension' scheme launched in 2015 and declined to interfere with the policy. Our next report takes a deep dive into the scheme