pension scheme - Page 24

PFRDA (Aggregator) Regulations 2015

No. PFRDA/12/RGL/139/4. 10/05/2015

These regulations shall be applicable to the—NPS-Lite under National Pension System, (also referred to as NPS-Swavalamban), which is a low-cost, feature optimized group model, aimed at unorganised and economically disadvantaged sections of the society. ...

Need for Inclusion of Pension for Every Class of Society

Mos(Finance) Jayant Sinha Emphasises the need for Inclusion of Pension for Every Class of the Society; Highlights the Role of Pension Funds as a Source of Long Term Funds for Infrastructure Development and the Need to have Increased Pension Flows in the Debt and Equity Markets to Reduce Volatility; Conference on National Pension System He...

Posted Under: Corporate Law |

National Pension System Trust launches new website

New Website of National Pension System Trust Launched; To Provide Proper and Effective Information Dissemination to the Stakeholders and Provide Ease of Access to Various Beneficiaries Under NPS The National Pension System Trust has been set-up and constituted by Pension Fund Regulatory Development Authority (PFRDA) for taking care of the...

Posted Under: Corporate Law |

Number of Subscribers Registered Under National Pension System (NPS) has more than Doubled

Since April 2012 from about 11.5 Lakh to 23 Lakh:Chairman,Pfrda ; Number of States Joining NPS has Increased from 12 to 26 ; Pfrda Working Towards Notification of Various Regulations in Respect of Efficient Management of Funds, Seamless Grievance Handling and Systems for Risk Mitigation and Containment Among Others...

Posted Under: Corporate Law |

National Pension System – A Government’s New Initiative

The National Pension System (NPS) reflects Government’s new effort to find a suitable & sustainable solution to the problem of providing adequate retirement benefits to the people at large. As a first step towards initiating this, Government of India moved from a defined benefit pension to a defined contribution based pension system by...

Posted Under: Corporate Law |

Payment of Arrears of Pension (Nomination) Amendment Rules, 2014

Notification No. G.S.R. 235(E). 28/03/2022

NOTIFICATION New Delhi, the 28th March, 2014 G.S.R. 235(E).—In exercise of the powers conferred by section 15 of the Pensions Act, 1871 (23 of 1871) and clause (5) of article 148 of the Constitution and after consultation with the Comptroller and Auditor General of India in relation to persons serving in the Indian Audit and […]...

Payment of arrears of pension in cases where valid nomination has not been made

No. 1122/2012-P&PW (E) 10/07/2013

Attention is invited to the Payment of Arrears of Pension (Nomination) Rules, 1983 which provide that after the death of the pensioner, all moneys payable to the pensioner on account of pension will be paid to the nominee of the deceased pensioner....

Soon NPS subscriber can exercise their individual choices regarding investment pattern & pension fund manager

Management of Funds Under NPS The investment of pension funds of Government employees, who are covered as subscribers to the New Pension System (NPS), was hitherto being made through a pooling arrangement whereby the funds of such employees were credited to a pool account (pending reconciliation of subscribers’ contribution details) fro...

Posted Under: Corporate Law |

Panel report on restructuring pension scheme likely by Mar-end

The Pension Fund Regulatory and Development Authority (PFRDA) today said the Bajpai committee report on overhauling the structure of all citizens' pension scheme is expected by the end of this month. "They have committed that they would submit the report by end of this month," PFRDA Chairman Yogesh Agarwal said on the sidelines of a semin...

Posted Under: Corporate Law |

Exit Norms Pension Scheme SWAVALAMBAN Will be Relaxed

The exit norms of the co-contributory pension scheme “Swavalamban” have been relaxed. Announcing this in his Budget speech in the Lok Sabha today, the Union Finance Minister, Shri Pranab Mukherjee said that a subscriber under Swavalamban Scheme will now be allowed to exit at the age of 50 years instead of 60 years, or a minimum tenure...

Posted Under: Corporate Law |

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