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 ..

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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, ..

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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 ..

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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 ..

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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 ..

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