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Articles for Retirees, search results for scheme

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
A jury says a Louisiana regulator is not liable for retirees’ $400 million in Stanford Ponzi losses
4 months, 1 week ago

A jury says a Louisiana regulator is not liable for retirees’ $400 million in Stanford Ponzi losses

Associated Press  

— A jury decided that Louisiana’s Office of Financial Institutions was not at fault for $400 million in losses that retirees suffered because of Texas fraudster R. Allen Stanford’s massive Ponzi scheme. Stanford was sentenced to 110 years in prison after being convicted of bilking investors in a $7.2 billion scheme that involved the sale of fraudulent certificates of deposits …

Louisiana Stanford Ponzi
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
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
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
NPS Rule Change: IRDAI Eases Annuities Purchasing Rules For Retirees, Allows Digital Life Certificate
2 years, 3 months ago

NPS Rule Change: IRDAI Eases Annuities Purchasing Rules For Retirees, Allows Digital Life Certificate

ABP News  

From now on, the National Pension System pensioners don’t have to fill any separate proposal form for taking the Immediate Annuity products from the proceeds of the scheme. “In this direction, to bring ease of living for senior citizens, Irdai has relaxed the requirement of submitting separate proposal form for taking the immediate annuity products from proceeds of National Pension …

Pension Pti Form Irdai System Nps
Agnipath scheme: What benefits will Agniveers enjoy after 4 years of service?
2 years, 6 months ago

Agnipath scheme: What benefits will Agniveers enjoy after 4 years of service?

Live Mint  

Amidst all the protests against the Agnipath scheme, the Centre hinted at how stern it is about its stance by announcing several incentives including reserving 10% vacancies in its paramilitary and the defence ministry for Agnipath retirees. The retirees will get ₹ 12 lakh to start a new life 12 lakh to start a new life Those who wish to …

Nearly a fifth of retirees say they have fallen for a financial scam – survey
3 years, 2 months ago

Nearly a fifth of retirees say they have fallen for a financial scam – survey

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Legitimate-looking websites, promises of high returns and trustworthy-sounding telephone …

Financial Scams Bank Scam Fca Fscs
Bernie Madoff victims included billionaires, celebrities and even retirees
3 years, 8 months ago

Bernie Madoff victims included billionaires, celebrities and even retirees

Daily Mail  

Bernie Madoff had no limits on the types of people he ripped off in his $65 billion Ponzi scheme with celebrities, billionaires, charities and even retirees all falling victim to his epic securities swindle. Bernie Madoff, who died on Wednesday while serving a 150-year prison sentence, robbed 37,000 victims in 136 countries over two decades before he was arrested back …

Victims New York Fund Million Mets Scheme York