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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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 on June 11, 2024
Government likely to stick to fiscal discipline, may bolster NPS If 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 on January 28, 2024
Maharashtra cabinet nod for OPS to state employees who joined service after November 2005 Maharashtra 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 on January 4, 2024

Decision on Old Pension Scheme in the budget session: Maharashtra chief minister Eknath Shinde Chief 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 on December 14, 2023
Modi government gets elbow room for policy tweaks The 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 on December 4, 2023
Panel set up to review NPS, moot changes if needed The 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 on April 6, 2023

Himachal's Sukhu govt keeps poll promise, approves restoration of old pension scheme Keeping 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 on January 13, 2023
3 states’ demand to return NPS funds rejected Pension 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 on December 13, 2022