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NPS: PFRDA lowers minimum contribution to Rs 1,000 per year

NPS: PFRDA lowers minimum contribution to Rs 1,000 per year

To encourage more people to join the National Pension System, regulator PFRDA has substantially lowered the minimum annual contribution to Rs 1,000 to keep the account active.

 

Tata Steel UK's deficit in pension scheme stands at $138 mn

Tata Steel Wednesday said that its UK arm has concluded the actuarial valuation of British Steel Pension Scheme (BSPS) and the deficit in the scheme stands at about 90 million pound (around USD 138 million) as of March 2014.

Centre releases Rs 2,000 cr for Employees' Pension Scheme

Centre has released Rs 2,000 crore to Employees' Pension Scheme as its contribution for the year 2015-16, Minister of State for Labour and Employment Bandaru Dattatreya said Monday.

Rs 22K crore mobilised under Jan Dhan Yojana: Govt

Government on Friday said Rs 22,000 crore have been deposited in over 17.5 crore bank accounts within a year of the launch of the Pradhan Mantri Jan Dhan Yojana, the largest financial inclusion scheme in the world.

Tribes employed in tea gardens to be brought under pension scheme

West Bengal Chief Minister Mamata Banerjee chaired a Tribal Advisory Council meeting here on Wednesday in which it was decided that tribesmen employed in tea gardens would be brought under the pension scheme.

Tata Steel UK workers suspend industrial action

Tata Steel workers in the UK have temporarily suspended their industrial action as emergency talks offered new hope of an agreement over an ongoing pensions row.

Industrial action suspended at Tata Steel UK plant

Unions have suspended industrial action at Tata Steel`s UK plants while they consult their members on a revised offer from the company.

Tata Steel Pension Row: Another UK trade union joins fight

The UK's largest trade union Unite Wednesday announced holding a ballot for industrial action over Tata Steel's proposal to close the British Steel Pension Scheme (BSPS), even as the firm said it has "initiated action on de-risking its exposure to the scheme."

Key facts of all the three social security schemes

Know the key facts of Atal Pension Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri  Suraksha Bima Yojana, launched by Prime Minister Narendra Modi on Saturday.

PM Modi launches three social security schemes

Prime Minister Narendra Modi on Saturday launched three mega social security initiatives -- one pension and two insurance schemes.

All you need to know about the three social security schemes!

PM Modi to launch PradhanMantri Jivan Jyoti Bima Yojana, PradhanMantri Suraksha Bima Yojana & Atal Pension Yojana on Saturday. Know what is it about!

PM Narendra Modi launches 3 social security schemes

The schemes -- PM Jeevan Jyoti Bima Yojana, PM Suraksha Bima Yojana and Atal Pension Yojana -- were simultaneously launched at 115 locations throughout the country.

New social security schemes to widen financial inclusion: Ficci

Industry body Federation of Indian Chambers of Commerce and Industry (Ficci) on Saturday welcomed the government`s move to launch three new social security schemes which it said is intended at widening the financial inclusion process.

PM Modi launches major insurance, pension schemes: As it happened

These schemes are aimed at providing affordable universal access to essential social security protection in a convenient manner.

PM Narendra Modi to launch 3 major insurance, pension schemes today

After Jan Dhan, Prime Minister Narendra Modi will launch three mega social security initiatives -- one pension and two insurance schemes on Saturday.

Tata Steel workers to be balloted over industrial action

Indian steel giant's European arm -- Tata Steel UK -- today called for "unconditional talks", even as British unions prepared to start balloting the company's nearly 17,000 workers to decide on whether to take strike action, a day before the country's May 7 general election.

PM to launch insurance, pension schemes on May 9

Prime Minister Narendra Modi will launch the flagship social security schemes, including Rs 2 lakh accident cover at a premium of just Re 1 per month, in Kolkata on May 9.

Govt approves Rs 1,000 minimum monthly pension in perpetuity

The scheme was initially effective only till last month.

EPFO suspends Rs 1,000 minimum monthly pension scheme

In a circular to its field offices, the EPFO said it has decided to suspend the scheme in the absence of any direction from the government to continue this benefit beyond March 31.

EPFO mulls medical benefits for its pensioners

It was suggested that the surplus in Employees' Deposit Linked Insurance scheme could be used for extending medical benefits through ESIC.