Page-3 of Pensions Current Affairs, GK & News

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 ..

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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 ..

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Union Cabinet approves Varishtha Pension Bima Yojana 2017

The Union Cabinet has given its approval for launching of Varishtha Pension Bima Yojana 2017 (VPBY 2017).  The scheme will be launched as part of Government’s commitment for financial inclusion and social security. The scheme will be implemented through Life Insurance Corporation of India (LIC) during the current financial year i.e. FY 2016-17. It will ..

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New Pension Scheme posts low returns

New Pension Scheme is being promoted as long-term financial instrument for an investors old age security. But the latest data released by Government have presented a dismal picture. Investment Options in NPS: The NPS subscribers have two investment options. First they have to open a Tier-1 account where the money is locked in and on ..

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