Pension: GK, General Studies and Current Affairs

Andhra Pradesh government launches 2nd phase of Pasupu-Kumkuma scheme

On February 2, Andhra Pradesh Chief Minister Nara Chandrababu Naidu launched the 2nd phase of Pasupu-Kumkuma (Turmeric-Kumkum) scheme and welfare pensions. Under the scheme, women who are a part of Development of Women and Children in Rural Areas (DWCRA) will be given Rs 10,000 in three instalments. Approx Rs 9400 crore have been granted for ..

Chhattisgarh launches an online portal ‘Aabhaar Aapki Sewa Ka’ for pensioners

The Chhattisgarh government has launched an online portal and mobile app ‘Aabhaar-Aapki seva ka (Gratitude-For Your Service)’ to provide transparency in the pension facility. Through this app and the website, 80,000 pensioners of the state will now get all the information related to pension and payment online. The pensioners will get the benefit of senior ..

Who is an Annuitant?

An Annuitant is a person as per the contract that is entitled to collect the benefits of an annuity or pension. The annuitant can be the actual contract holder or another person.  The Annuitant cannot be a company or a trust but has to mandatorily be a natural person. He or she can also be ..

Pension regulator PFRDA increases maximum age of joining National Pension Scheme (NPS) Private Sector from 60 to 65

The Pension Fund Regulatory and Development Authority (PFRDA) has increased the maximum age of joining National Pension Scheme (NPS) Private Sector from the 60 to 65 years of age to increase the pension coverage in the country. Now, any Indian citizen, resident or non-resident, of 60-65 years of age can join the NPS and continue ..

Assam government to launch a new scheme for Compassionate Family Pension (CFP) in lieu of compassionate appointment

The Assam government will launched a new Scheme called Scheme for Compassionate Family Pension (CFP) in lieu of Compassionate Appointment. As per officials, the existing compassionate appointment policy did not fully serve the objectives and often the legal heir fails to get an appointment immediately due to practical difficulties such as lack of educational qualifications ..