News Muncher - searching for scheme - category superannuation

3 months, 2 weeks ago

Reforms to strengthen Unified Pension Scheme

On August 24, the Union cabinet approved the Unified Pension Scheme, a significant step towards providing government employees a secure and assured pension after retirement. Over the last few years, the opposition has highlighted the dissatisfaction of government employees with the National Pension Scheme, commonly known as the New Pension Scheme. First, assured pension of 50 percent of the employee's …

Government Employees Scheme Ups Nps Minimum Service Unified Pension

1 year, 9 months ago

Government urged to use superannuation tax concession changes to expand Paid Parental Leave scheme

ABC

Crossbenchers say the treasurer should "absolutely" use some of the cash recouped from proposed super changes to pay superannuation on Commonwealth Paid Parental Leave, arguing it could rectify the current "glaring gap" in support for new parents. Key points: Jim Chalmers says the focus of the recouped money is on budget repair Adding superannuation to parental leave payments would cost …

Women Tax Commonwealth Financial Security Leave Paid Ppl

1 year, 10 months ago

Karnataka High Court Dismisses Petitions Seeking Increase In Age Of Superannuation For Teaching Staff Of Affiliated Colleges

Live Law

The Karnataka High Court has dismissed a batch of petitions filed by lecturers, principals and associate professors working in affiliated colleges, aided and unaided by the state government, for enhancement of the age of superannuation from present 60 years to 65 years. A single judge bench of Justice Sunil Dutt Yadav said the contention of petitioners that even those working …

Teaching Karnataka Court University Age Teachers Pay

1 year, 10 months ago

VRS Employees Cannot Claim Parity With Others Who Retired On Achieving Age Of Superannuation: Supreme Court

Live Law

The Supreme Court has held that employees who retired under the Voluntary Retirement Scheme cannot claim parity with others who retired upon achieving the age of superannuation for the purposes of pay revision. The decision denied the benefit of revision of pay scales, as recommended by the Fifth Pay Commission, to the employees of the Maharashtra State Financial Corporation who …

Court Employees Age Pay Pay Revision Service Revision

2 years, 3 months ago

NPS funds withdrawal time halved: Here's all you need to know

Firstpost

The PFRDA has stated that the ’timelines are to be considered for working and settlement days. The reduced timelines shall be introduced in a phased manner for other activities in the interest of subscribers' To offer subscribers a better experience, the processing time for withdrawal of funds under the National Pension System has been halved by the Pension Fund Regulatory …

Nps Pfrda Subscribers Partial Withdrawal Withdrawal Superannuation

3 years, 3 months ago

Australians urged to switch where they invest for retirement as best and worst superannuation funds revealed

ABC

More than 1 million Australians who are members of underperforming superannuation funds will soon receive letters urging them to switch where they invest their retirement savings. APRA executive board member Margaret Cole said 84 per cent of products passed the performance test, "however APRA remains concerned about those members in products that failed". Super Consumers Australia director Xavier O'Halloran says …

Fees Cent Funds Invest Members Return Switch

3 years, 11 months ago

Super release slows but almost 3 million Australians have sucked billions from retirement savings

ABC

The controversial coronavirus measure allowing Australians affected by the pandemic to tap into their retirement savings will close from New Year's Day. Key points: Almost 3 million Australians have withdrawn their superannuation early under the Government's coronavirus response $36 billion has been claimed, slightly below Treasury estimates in July The scheme closes on December 31 But not before nearly 3 …

Treasury Billion Scheme Super Ato

4 years, 4 months ago

Paul Keating says superannuation withdrawals dwarf coronavirus support schemes like JobKeeper

ABC

Former prime minister Paul Keating says the early withdrawal of superannuation dwarfs the support the Federal Government has injected through its JobKeeper program — and has entrenched inequality between Australian generations. Key points: Australians are expected to have pulled $42 billion from their super accounts by the end of the year Australians are expected to have pulled $42 billion from …

Support Money Early Minister Billion That Money Emma

4 years, 4 months ago

Early access superannuation scheme estimated to hit $42 billion in coronavirus support

ABC

More than half a million Australians are estimated to have "completely cleaned out" their superannuation savings during the COVID-19 crisis, as Treasury predicts workers will withdraw a total of $42 billion under the early-access scheme. Key points: More than 2.6 million Australians have accessed their superannuation early More than 2.6 million Australians have accessed their superannuation early The initial estimate …

Access Treasury Scheme Australians Superannuation Mr Combet Combet

4 years, 5 months ago

Domestic abuse survivors still waiting on government scheme to stop perpetrators hiding superannuation

ABC

A scheme to stop perpetrators of domestic and family abuse from hiding superannuation during Family Court disputes has not been delivered on time. Key points: Two thirds of women cannot get superannuation information from their former partner in Family Court matters, according to research by the Victorian Women's Legal Service A new scheme was promised to allow the Family Court …

Family Women Legal Financial Court Family Court Scheme