Page-2 of Pensions Current Affairs, GK & News

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

Disability pension for defence forces at par with civilians: Government

The Union Government has accepted recommendations of National Anomaly Committee (NAC) to maintain disability pension for defence forces in parity with civilians under 6th Central Pay Commission (CPC). With acceptance of recommendations of NAC, Government will not go ahead with new disability pension parity regime recommended by 7th CPC and continue earlier system of disbursing ..

Month: Current Affairs - September, 2017

Topics: 7th Pay Commission • Committees • Defence • National Anomaly Committee • Pensions

New Delhi hosted Defence Accounts Department (DAD)’s first synergy conference on Defence Pensions

The Defence Accounts Department (DAD) has organized its first Synergy Conference on Defence Pensions in New Delhi on August 28, 2017. The conference was attended by all Defence Pensioners Associations and was open to all Defence Pensioners. The purpose of the conference was to obtain feedback from the pensioners that would help the department to ..

Topics: Military history of India • Military of India • Ministry of Defence • Pensioner • Pensions