Page-2 of Pensions Current Affairs, GK & News
Bihar government announces a universal old age pension scheme – Mukhyamantri Vridhajan Pension Yojna (MVPY)
On 14th of February, the Bihar government announced a universal old age pension scheme – Mukhyamantri Vridhajan Pension Yojna (MVPY) for all people above 60 years of age. The scheme will come into force from the 1st of April 2019. Except those senior citizens who have retired from government service, all will be eligible for ..
Category: Government Schemes Current Affairs
Topics: Economy of India • Government of India • India • Madhu Babu Pension Yojana • National Social Assistance Scheme • Pensions
Central Government contribution in National Pension Scheme (NPS) raises to 14%
The Union Cabinet has recently raised the government’s contribution to National Pension Scheme (NPS) to 14% of basic salary from the current 10%. However, minimum employee contribution will remain at 10%. The Cabinet also allowed government employees to commute 60% of the fund accumulated at the time of retirement, up from 40% at present. Also, ..
Category: Government Schemes Current Affairs
Topics: Defined contribution plan • Economy • Federal Employees Retirement System • Finance • Indian labour law • Life annuity • Money • National Pension System • Pension fund • Pensions
The conference on implementation of National Pension System (NPS) by Central Autonomous Bodies (CABs) held in New Delhi
The conference on implementation of National Pension System (NPS) by the Central Autonomous Bodies (CABs) was held in New Delhi. It was organized by Pension Fund Regulatory and Development Authority (PFRDA). The prime objective of the conference was to provide a forum to all the CABs, where the progress in the implementation of NPS with ..
Topics: Economy • Economy of India • In India • Indian labour law • National Pension System • Pension fund • Pension Fund Regulatory and Development Authority • Pension regulation • Pensions • Pensions in India
Atal Pension Yojana reaches subscriber base of 80 lakh
The Pension Fund Regulatory and Development Authority of India (PFRDA) has announced that Atal Pension Yojana (APY) run by it has reached a subscriber base of 80 lakh and is growing at good pace. Uttar Pradesh is the highest contributing state at 11.41 lakh APY subscribers, followed by Bihar (8.87 lakh) and Tamil Nadu (6.60 ..
Month: Current Affairs - January, 2018
Topics: Atal Pension Yojana • Government Schemes • National • Pensions • PFRDA • Social Security • TNPSC
Jitendra Singh to inaugurate first ‘Pension Adalat’ in New Delhi
Dr Jitendra Singh, the Minister of State for Public Grievances and Pensions, will inaugurate the first Pension Adalat in New Delhi on September 20, 2017. The Pension Adalats is being convened with the objective of bringing the aggrieved pensioner, the concerned department, the bank on a common table so that such cases can be settled ..
Topics: Economy • Finance • Jitendra Singh • Ministry of Youth Affairs and Sports • Money • Narendra Modi ministry • Pensioner • Pensions