Pension Financial News

30.07 / 17:33

pension How NRIs are taxed on pension they get from overseas

Sonu Iyer is partner and national leader – People Advisory Services, EY India. Siddharth Deb, senior tax professional with EY, contributed to this article.

29.07 / 18:19

COST MET Gap Flushing country pension Long term investors like SWFs, pension funds can be tapped to finance greening of economy: Amitabh Kant

New Delhi: The world is flush with funds and with right steps, private capital and investments from pension funds and sovereign wealth funds (SWFs) can be effectively deployed in meeting the green transition of developing nations, G20 Sherpa Amitabh Kant said at a conference in the capital. Speaking at the second day of the G20 conference on ‘a green and sustainable growth agenda for the global economy,’ Kant said that geopolitics should take a backseat at the global economic forum and sustainable development goals should receive primacy at the grouping of nations that accounts for over 80% of the world’s output.

27.07 / 11:31

UPS Provident Booking pension Central Govt Pension: Can you change name, surname in Service Book after retirement? PMO replies

The Central Government pensioners (CGPs) can change their name/surname in the Services Book after retirement, Union Minister of State of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office (PMO) Dr Jitendra Singh said in a written reply to a query in the Rajya Sabha on Wednesday (July 27).

24.07 / 12:23

Provident social pension Portal Process of applying for higher pension on unified portal simple, easy to understand: MoS Rameswar Teli

higher pension on the unified portal of EPFO is «simple and easy to understand» and as per the Supreme Court's order last year, Parliament was informed on Monday amid the criticism of unfeasible requirements on the portal. Following the Supreme Court order in November 2022, the Employees' Provident Fund Organisation (EPFO) had given option to subscribers and their employers to jointly opt for higher contributions as per the actual basic wages (higher than threshold of Rs 15,000 per month) on the unified portal.

23.07 / 10:55

UPS Provident show National pension New National Pension System (NPS) calculator: Save Rs 100/day to get up to Rs 57,000 per month

National Pension System (NPS) calculator news: While most of the benefits of the National Pension System are widely known, investors often wonder how much monthly pension they can generate by investing in this scheme. The National Pension System (NPS) Trust has now made it easy to calculate the tentative pension and Lump Sum amount an NPS subscriber can expect on retirement.

21.07 / 08:22

Provident Aware CEO Align social Green bonds pension Pension funds to invest in sovereign green bonds (SGrBs): How it will impact retail investors?

Pension Fund Regulatory and Development Authority (PFRDA) has said that it will allow pension funds to invest in sovereign green bonds (SGrBs). As per a report in PTT, the government is expected to issue sovereign green bonds in the second half of the current financial year.

18.07 / 16:23

pension Punjab govt hikes freedom fighters' pension to Rs 11,000 per month, says Finance Minister Harpal Singh Cheema

freedom fighters from Rs 9,400 per month to Rs 11,000, Finance Minister Harpal Singh Cheema said on Tuesday. The decision will be effective from August 1, he said in a statement.

18.07 / 15:17

Provident Align pension Delhi HC dismisses PIL filed by 'premature' army retirees seeking pension

premature retirees" from the Indian Army and Air Force, seeking pro-rata service pension that was allegedly being denied due to the non-completion of the stipulated 20 years of service. A bench headed by Chief Justice Satish Chandra Sharma, however, granted liberty to the petitioners to approach the Armed Forces Tribunal (AFT) with their grievances.

17.07 / 09:27

pension Time 7th Pay Commission: One-time pension scheme change allowed. Check who is eligible

7th Pay Commission latest news (July 17, 2023): The Department of Personnel and Training (DoPT) has said that All India Services (AIS) officers, who were recruited against vacancies advertised before the NPS notification on December 22, 2003, may be granted a one-time option to be covered under the old pension scheme under AIS (Death Cum Retirement benefit) Rules, 1958.

14.07 / 11:33

Deal Allen & Overy pension Shearman & Sterling in pension talks with ex-partners to push through Allen & Overy deal

Shearman & Sterling is in negotiations with some of its ex-partners about reducing the amount they receive under its pension scheme in order to get its merger with Allen & Overy over the line.

14.07 / 08:37

COST UPS Provident FIVE Strategy Browser pension Derisking a pension – options you have in the run up to retirement

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13.07 / 20:39

COST exit pension 21% unorganised workers exit PM pension scheme

pension scheme for unorganised workers, Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM), saw the exit of about 21% subscribers in less than six months, raising questions on the viability of the scheme. The total number of subscribers under the scheme fell to 4.43 million on July 11, down 1.19 million from an all-time high of 5.62 million on January 31, as per government data.

13.07 / 09:37

Provident Gap Deloitte pension If EPS 95 member dies before retirement, when will the spouse get pension and how much?

When EPS member dies before reaching 58 years of age Even when a member is eligible for pension after completing 10 years of service, the pension starts only after retirement. This is typically the age of 58 if the member is alive.

10.07 / 17:19

Citi Target Racing boost pension Mansion House Reforms: Government targets listings and pension overhaul to boost City

The UK government has revealed a swathe of financial services reforms in a bid to keep the City on top in the race for global capital.

10.07 / 14:09

Pensions Mansion House Aviva pension Pension companies to announce 5% commitment to growth assets

Jeremy Hunt will make Mansion House speech tonight. Credit: HM Treasury

10.07 / 11:47

pension Don’t Miss The Last Date To Apply For Higher Pension; All You Need To Know To Apply | In Focus

EPFO has extended the deadline to apply for a high... moreEPFO has extended the deadline to apply for a higher pension till 11th July.

10.07 / 08:45

Provident pension Higher pension from EPF deadline ends soon: Documents, calculation, other details you need to know

Provident Fund Organisation (EPFO) deadline to apply for higher pension will end tomorrow, July 11, 2023. EPF subscribers who have still not applied for increasing their pension, should do it as soon as possible. The retirement fund body has already extended the deadline to apply for a higher pension thrice and another extension may not be allowed.

08.07 / 06:47

UPS Provident pension What is the formula to calculate EPS pension

EPFO) is eligible to receive pension if he/she is part of the Employees’ Pension Scheme (EPS). The pension under EPS starts from the age of 58 years for an individual. Further, certain EPF members are eligible to apply for higher pension from EPS.

06.07 / 15:55

Provident pension Haryana: Manohar Lal Khattar announces monthly pension of ₹2,750 for unmarried, widowed people

₹2,750 for low-income unmarried people aged between 45 and 60. Haryana chief minister Manohar Lal Khattar on Thursday said unmarried men and women who are in the age group of 45-60 and have an annual income of less than ₹1.80 lakh will get a pension of ₹2,750 per month. The Haryana government also unveiled a similar scheme for widowed men and women. Widowed people in the age bracket of 40-60 who have an annual income of less than ₹3 lakh will also get ₹2,750 every month, Khattar said.

06.07 / 15:43

UPS Progressive Waters CEO Strategy Morningstar reputation pension Two Canadian pension plans risk reputation hit from investments in troubled Thames Water

A troubled water utility company in the United Kingdom that counts two of Canada’s biggest public pensions as large shareholders is facing regulatory scrutiny and fines for sewage leaks and could require a financial bailout.

06.07 / 14:09

Provident pension Haryana govt announces monthly pension of Rs 2,750 for widower, unmarried people

Haryana government on Thursday announced a pension of Rs 2,750 per month for low-income unmarried people aged between 45 and 60. A similar scheme was unveiled for widower as well. The state government already provides a monthly pension to low-income people above 60.

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