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Articles for Retirees, search results for employees

Karnataka transport departments disburse Rs 224.05 crore in dues to 11,694 retirees
1 day, 14 hours ago

Karnataka transport departments disburse Rs 224.05 crore in dues to 11,694 retirees

New Indian Express  

BENGALURU: Four transport corporation of Karnataka - Karnataka State Road Transport Corporation, Kalyana Karnataka Road Transport Corporation, North West Karnataka State Road Transport Corporation and Bengaluru Metropolitan Transport Corporation disbursed Rs 224.05 crore towards gratuity and earned leave encashment to 11,694 retired employees. The dues pending since January 1, 2020 were disbursed by Transport Minister Ramalinga Reddy here on Saturday …

Karnataka Transport Crore Corporation Ksrtc
New pension platform to ease payouts: Minister
1 month, 1 week ago

New pension platform to ease payouts: Minister

Hindustan Times  

The labour ministry will switch to a centralised pension-payment system from 2025, allowing retirees to receive monthly payouts from any bank or its branches in any location throughout the country, for which a large-scale test run was recently carried out. Mansukh Mandaviya The new platform for subscribers of the Employees’ Provident Fund Organisation, the state-run retirement fund manager, is aimed …

Pension System Epfo
Unified Pension Scheme: Key features and benefits for retirees explained
3 months, 4 weeks ago

Unified Pension Scheme: Key features and benefits for retirees explained

Hindustan Times  

The Union Cabinet has approved a major reform in the pension system by introducing the Unified Pension Scheme. The introduction of the Unified Pension Scheme comes in response to widespread demands from government employees for changes in the New Pension Scheme. Union minister Ashwini Vaishnaw outlined that the Unified Pension Scheme is built on five key pillar. "Following extensions consultations …

Pension Employees Government Employees Cabinet Ups Unified Unified Pension Scheme
PU to seek Centre’s nod for allowing retirees to opt for OPS
6 months, 1 week ago

PU to seek Centre’s nod for allowing retirees to opt for OPS

Hindustan Times  

After Panjab University’s Board of Finance meeting on Wednesday, the varsity will now write to the Union ministry of education to take permission to grant PU employees who had joined before 2004 another chance to opt for the Old Pension Scheme. Punjab had further given its employees aged below 35 until 2006 to opt for OPS, and a proposal to …

Pension Employees Punjab Centre Ops Bof
Pre-2014 retirees may move court against validity of EPFO circulars
1 year, 3 months ago

Pre-2014 retirees may move court against validity of EPFO circulars

The Hindu  

Despite suffering a setback in the Supreme Court last month, a section of pre-2014 retirees covered under the Employees’ Pension Scheme 1995 of the Employees’ Provident Fund Organisation is exploring the possibility of challenging legally the validity of EPFO’s circulars issued in December 2022 and January 2023. Indicating this, Dada Tukaram Zode, national legal adviser, Employees Pension Co-ordination Committee, points …

Court Pension Higher Epfo Higher Pension Circulars
Australian retirees flocking to Queensland in record numbers, new data reveals
1 year, 3 months ago

Australian retirees flocking to Queensland in record numbers, new data reveals

ABC  

Australians are retiring later in life, and Queensland is the top destination for those seeking a new adventure in their golden years, according to data from the Australian Bureau of Statistics. Warning against 'rushing to retire' Retirement Living Council executive director Daniel Gannon said the rising number of retirees will add further pressure to the "housing supply shortage" and the …

Retirement Average Number Older Queensland Australian Australians
10 years since bankruptcy, Detroit’s finances are better but city workers and retirees feel burned
1 year, 5 months ago

10 years since bankruptcy, Detroit’s finances are better but city workers and retirees feel burned

Associated Press  

DETROIT — Mike Berent has spent more than 27 years rushing into burning houses in Detroit, pulling people to safety and ensuring his fellow firefighters get out alive. “I’m trying to put as much money away as a I can,” said Berent, who also works in sales. “A second job affords you to have a little bit of extra.” Thousands …

City Detroit Bankruptcy Orr Duggan Godfrey Hotel Berent
Relief for 80 more retirees as CAT stays PGIMER’s decision to reduce their pension
1 year, 6 months ago

Relief for 80 more retirees as CAT stays PGIMER’s decision to reduce their pension

Hindustan Times  

The Central Administrative Tribunal on Wednesday stayed the decision of PGIMER, Chandigarh, to reduce the pension of 80 retirees by applying the Punjab Civil Service Pension Rules. After enquiries by the applicants, it was informed verbally that their pension had been re-fixed from January 1, 2016, under the Punjab Civil Service Pension Rules, but no reason or document was provided, …

Pension Rules Cat Retirees Pgimer
Chandigarh: PGI retirees to move court against pension reduction
1 year, 6 months ago

Chandigarh: PGI retirees to move court against pension reduction

Hindustan Times  

A group of over 80 retirees from the Post Graduate Institute of Medical Education and Research are planning to move to court for relief after a reduction in their pensions. Although the pensions of five petitioners were initially reduced by PGIMER, they were paid the difference after presenting the court orders to PGIMER director. PGI Employees Union general secretary Ashwani …

Pension Rules Cat Pensions Retirees Pgimer Pcs
Give an opportunity to pre-2014 retirees to avail of higher PF pensions: Kerala MP
1 year, 7 months ago

Give an opportunity to pre-2014 retirees to avail of higher PF pensions: Kerala MP

The Hindu  

The demand to provide an opportunity to those pensioners who came under the Employees’ Pension Scheme of the Employees’ Provident Fund Organisation and retired prior to September 1, 2014, without exercising the joint option to avail themselves of higher PF pensions, has been renewed by John Brittas, Member of Parliament from Kerala. In a seven-page letter sent to the Union …

Pension Employees Epfo Retirees Eps Option Epf
DMK MP highlights possibility of some post-2014 retirees getting left out of move on higher PF pension
1 year, 9 months ago

DMK MP highlights possibility of some post-2014 retirees getting left out of move on higher PF pension

The Hindu  

The DMK’s Member of Parliament, M. Shanmugam, has written to Union Labour Minister Bhupender Yadav, highlighting the possibility of several sections of post-2014 retirees, covered under the 1995 Employees’ Pension Scheme, getting left out of the present move on the provision of a higher Provident Fund pension. Mr Shanmugam explained that all those who retired after September 1, 2014, might …

Pension
Rejected by courts, retirees take last shot to save pensions
2 years, 4 months ago

Rejected by courts, retirees take last shot to save pensions

Associated Press  

WASHINGTON — Dave Muffley thought he had it made when it came to a solid retirement. A 2013 inspector general’s report said that while the union workers had leverage “to prolong Delphi’s bankruptcy or strike, which GM believed would significantly impact its ability to survive, Delphi’s salaried retirees had no leverage, other than what they hoped would be political leverage.” …

Retirement Congress Pension Workers Michigan Ohio Bankruptcy
Rejected by courts, retirees take last shot to save pensions
2 years, 4 months ago

Rejected by courts, retirees take last shot to save pensions

Associated Press  

WASHINGTON — Dave Muffley thought he had it made when it came to a solid retirement. Presidential candidate Joe Biden said in September 2020 he would work to help restore Delphi workers’ retirement savings. When GM went through bankruptcy in June 2009 due to massive losses during the Great Recession, the company said it would not assume pension liabilities for …

Retirement Congress Pension Workers House Her Husband Retirees
Yogi Adityanath launches e-portal for pensioners in UP; to benefit 11.5 lakh retirees
2 years, 7 months ago

Yogi Adityanath launches e-portal for pensioners in UP; to benefit 11.5 lakh retirees

India TV News  

Highlights The portal has been set up to track the status of applications The portal, created by State Finance Dept will have the option of tracking the status of employees The pension was launched today to mark Labour Day Uttar Pradesh Chief Minister Yogi Adityanath on Sunday launched an e-pension portal to mark Labour Day. The portal is designed to …

Pension Department Portal