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LUMPSUM PENSION
Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when neededEmployees' Provident Fund contributions offer a life insurance cover of up to Rs 7 lakh through the EDLI scheme, at no extra premium. This ...- New NPS withdrawal plan: Retirement Income Scheme offers an orderly exit, but no return guaranteeThe Pension Fund Regulatory and Development Authority (PFRDA) has introduced the Retirement Income Scheme (RIS) under NPS, allowing retiree...
- Should senior citizens continue investing in equity mutual funds after retirement? Expert explainsA 60-year-old retiree sought guidance on whether she should continue investing in equity mutual funds after retirement. Experts say senior ...
- NPS launches Retirement Income Schemes: New drawdown option for pension payouts, benefits & rulesThe Pension Fund Regulatory and Development Authority has launched new Retirement Income Schemes and drawdown options for National Pension ...
- 8th Pay Commission salary hike: Why NC-JCM wants minimum basic pay to rise from Rs 18,000 to Rs 69,0008th Pay Commission pay hike: Employee unions calculate the minimum pay for an employee based on the rates of a food basket for a month. The...
- Social Security windfall? Millions set to pocket thousands in retroactive paymentsThe Social Security windfall is now real. Over $17 billion is being paid out. More than 3.1 million retirees are impacted. The Social Secur...
- Revised NPS rules: 10 key changes you must know about NPS accumulation, growth and withdrawalsUpdated NPS rules: The Pension Fund Regulatory and Development Authority (PFRDA) has introduced significant changes to the National Pension...
- Double gain for UPS subscribers: Gratuity bonanza over and above lump-sum benefit for these government employees, here’s howCentral Government employees under the Unified Pension Scheme (UPS) now gain retirement and death gratuity benefits up to Rs 25 lakh, as pe...
- UPS pension calculation: How assured pension, family pension may be calculated under Unified Pension SchemeAssured pension calculation in UPS: The govt announced a new pension scheme for central government employees, the Unified Pension Scheme. T...
- Change in EPS rule for calculating lump sum withdrawal amount on early exit: Who benefits, who loses?Pension amount in EPS: The government via notification dated June 14, 2024 has revised the table used for calculating lump sum withdrawal a...
- Will new NPS systematic lump sum withdrawal (SLW) option help you during retirement? Here’s how to decidePFRDA has now introduced phased withdrawal of the lump-sum part of the maturity amount of your NPS corpus at the time of retirement. NPS su...
- NPS rule changes in October: 2 changes made to NPS exit, withdrawal rules that can benefit subscribersThe Pension Fund Regulatory and Development Authority (PFRDA) has made proposed changes to NPS withdrawal for subscribers in the month of O...
- How much should a 40-year old invest now in NPS to get Rs 2 lakh pension per month after retirement?NPS for retirement planning: NPS has emerged as one of the most popular tools for retirement planning and investment. Your returns from NPS...
- NPS withdrawal rule set to change: Soon you can opt for periodic withdrawal instead of lump sumAt present, once an NPS subscriber turns 60, she can withdraw up to 60 per cent of the retirement corpus as a lump sum. Now, PFRDA is plann...
- Will EPS pensioners get an option to sell or commute a part of their pension for a lump sum?Commutation of pension is a facility where a pensioner can sell a part of pension and receive a lump sum amount. This facility is available...
- Govt notifies higher pension for 6.3 lakh EPS pensioners who opted for commutationAs per EPS rules, an EPFO member who retired before Sept 26, 2008, could get maximum one-third of his/her pension as lump-sum i.e. commuted...
- PFRDA increases age of joining NPS by 5 years“With this increase of joining age, the subscribers who are willing to join NPS at the later stage of life will be able to avail the benefi...
- PFRDA mulls various withdrawal options to optimise pensionThis may include systematic/phased withdrawal options, under which different combinations of withdrawal packages with/without annuity optio...
- LIC unveils unit-linked deferred pension planLIC has launched its unit-linked deferred pension plan, Market Plus 1, with four investment options, bond fund, secured fund, balanced fund...
- Govt rejects pay panel's pension proposalThe government has rejected the Fifth Pay Commission's recommendation to restore commuted portion of pension after 12 years instead of 15 y...
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