Government Issues  New Rules To Banks To Benefit Pensioners

The  move comes after an analysis of the grievances received by the department of Pension and Pensioners Welfare under the Personnel Ministry. There are 65.26 lakh central government pensioners. All banks have been advised to comply with these consolidated guidelines. On death of a pensioner, the spouse is not required to submit form 14, if he/she was

MORE THAN NPS — PPF

The Public  Provident  Fund  is a savings-cum-tax-saving instrument in India introduced by the National Savings Intitute of the Ministry of Finance in 1968.The aim of the scheme is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits.The Government on 12-12-19 introduced new PPF scheme. PPF is a 15-year

Submission of Life Certificate

The central government retired employees of 80 years of age or above can submit their annual Life Certificate w.e.f.1st October which would remain valid till end of the November of the subsequent year. Source:Department of Pension and Pensioners Welfare   

ALL INDIA PENSION ADALAT AUGUST 2019

The pension related grievances of retired government employees will be taken up for redressal by their respective offices in their premises in All India Pension Adalat on 23rd of August 2019. For any such grievances contact the concerned office. The central government retired employees can lodge their pension related grievances on portal  being run by

Mukhyamantri Vridhjan Pension Yojna Launched in Bihar

Bihar on Friday became the first Indian state to launch a universal old age pension scheme , one that will put Rs. 400= per month in the bank accounts of persons aged 60 years and above , irrespective of financial or caste status , provided they do not already receive state or central government pension.

PMs Income Support Scheme will Benefit over 8 Lakh Large Farmers

Extending the assured income support (PM Kisan)  scheme for farmers,  approved by the new government in its first cabinet meeting last Friday, will also benefit over eight lakh big land holders–having landholding  size of 10 hectares (nearly 25 acres)  and more–across the country. Rajasthan  alone has  43%(3.6 lakh)  out of the 8.3 lakh big farmers

Pension Scheme Renamed by Andhra Pradesh Govt.

The  YSRC government of Andhra Pradesh has renamed the pension scheme for the elderly and others as YSR Pension Kanuka (gift).The state government also increased monthly pension for the elderly, widows, weavers, toddy tappers,fishermen, single women, traditional cobblers and persons living with HIV from Rs2000 to Rs2250 a month, beginning June. This would be paid

PFRDA proposes cos, state govts should allocate 14% for pension

The Pension Fund Regulatory Development Authority has requested the Central Board of Direct Taxes to allow companies  and state governments  to allocate 14% for employees pension fund scheme, similar to the revision made  for central government employees to14% from 10% in April. The employee contribution towards the pension fund remains at 10%, hence adding up

BACK TO OLD PENSION SCHEME

Chief Minister  Arvind Kejriwal  announced on Monday that the AAP government  will restore the old pension scheme  in Delhi. He also said that he will write to his counterparts in other states. Later on the same day , in a swift action, the Delhi assembly passed the resolution to restore the old pension scheme  in

NATIONAL PENSION SYSTEM NOW MORE ATTRACTIVE FOR INVESTORS

The center will contribute14% of the basic salary to the pension corpus of the government employees.  The employees contribution will remain at 10%, bringing the total contribution to 24%.This will benefit 18 lakh central government employees. Finance Minister Arun Jaitley said the entire withdrawal  at the time of retirement would be tax free. At present 40%of