National Pension System
Pension scheme in India
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The National Pension System (NPS) is a defined-contribution pension system in India regulated by the Pension Fund Regulatory and Development Authority (PFRDA) which is under the jurisdiction of the Ministry of Finance of the Government of India. National Pension System Trust was established by PFRDA as per the provisions of the Indian Trusts Act of 1882 to take care of the assets and funds under this scheme for the best interest of the subscriber.
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After mutual funds push, new body set up to promote NPSA new self-regulatory body, the Association of NPS Intermediaries, has been launched in Mumbai to boost the Indian pension industry. PFRDA chairman Deepak Mohanty highlighted the need to raise..IndiaTimes - Published | |
Good news for govt employees, this state becomes first to implement Unified Pension SchemeEmployees under the National Pension Scheme (NPS) who opt for UPS will be eligible for an assured pension of 50 per cent of their average basic pay over the last 12 months before retirement.DNA - Published | |
'U in UPS stands for...': Congress' dig at Centre's Unified Pension SchemeThe opposition party's swipe came a day after the Union Cabinet approved an assured pension of 50 per cent of salary for those who joined the service after January 1, 2004, under the National Pension..DNA - Published | |
NDA's big plans for central government employees under NPS, may offer 50%...The newly formed BJP-led NDA government intends to significantly improve pension benefits for central government employees covered by the National Pension System (NPS).DNA - Published | |
Government likely to stick to fiscal discipline, may bolster NPSIf there is one word to describe the Budget team, it's stability. Not only has finance minister Nirmala Sitharaman stayed her full term and will present her sixth straight Budget, but there are at..IndiaTimes - Published | |
Maharashtra cabinet nod for OPS to state employees who joined service after November 2005Maharashtra cabinet approves proposal for Old Pension Scheme (OPS) to government employees who joined after November 2005; OPS offers monthly pension equivalent to 50% of last drawn salary without..IndiaTimes - Published | |
Decision on Old Pension Scheme in the budget session: Maharashtra chief minister Eknath ShindeChief Minister Eknath Shinde announced that a decision on reverting to the Old Pension Scheme (OPS) will be made during the budget session in March. The government received the report of the Subodh..IndiaTimes - Published | |
Modi government gets elbow room for policy tweaksThe GST Council has taken decisions by consensus, but state finance ministers from Opposition-ruled states blame the Centre. The victory in Rajasthan and Chhattisgarh strengthens the Centre's hand,..IndiaTimes - Published | |
Panel set up to review NPS, moot changes if neededThe Centre on Thursday set up a four-member committee to review the National Pension System, also referred to as the new pension scheme, and suggest if changes are required to the defined contribution..IndiaTimes - Published | |
Himachal's Sukhu govt keeps poll promise, approves restoration of old pension schemeKeeping its poll promise, the Himachal Pradesh government led by chief minister Sukhvinder Singh Sukhu in its first cabinet meeting on Friday approved restoration of the Old Pension Scheme. There are..IndiaTimes - Published | |
3 statesβ demand to return NPS funds rejectedPension regulator PFRDA has rejected demands made by Rajasthan, Chhattisgarh and Jharkhand to return funds deposited under the National Pension System (NPS), which were abandoned by them to bring back..IndiaTimes - Published |
