Pension
Pension hike approved - These pensioners to get more money; Check age-wise break-up
Mon, Apr 29, 2019
The government of Maharashtra has raised the pensions of pensioners in certain age-groups. The pension hike has been approved as per the recommendation of the 7th Pay Commission, says an official release by the Ministry of Home Affairs.
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Central government employees pension account: Here’s a list of factors you must note
Sat, Apr 06, 2019
Central government employees pension account: Currently, in India, pension is calculated at 50% of emoluments (last pay) or average emoluments (for last 10 months), whichever is more beneficial to the central government employees.
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NPS Pension: Share of government increased but employees are unhappy, and on strike - Here is why
Wed, Feb 06, 2019
Over 20 lakh Uttar Pradesh government employees went on a strike on Wednesday to demand restoration of the old pension scheme. The employees are protesting against the state's new pension scheme under which the share of the government has been raised from 10 per cent to 14 per cent.
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You won't believe who is getting pension worth Rs 20,000 per month in this state
Wed, Nov 14, 2018
Shocking revelations have been made about the people who are getting massive amounts as pension illegally! Pensions are for the old and needy to fill their basic needs.Shocking revelations have been made about the people who are getting massive amounts as pension illegally! Pensions are for the old and needy to fill their basic needs.
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Pension, provident fund, surplus funds of this segment to change
Tue, Jul 31, 2018
A diverse set of initiatives have been taken as part of a drive to boost profitability across major ports, including improving the returns earned on treasury investments by the ports for pension, provident and surplus funds, Ministry of Shipping said in a statement today.
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Centre pitches for Rs 1K pension, free life cover for construction workers
Thu, May 17, 2018
According to the recent ministry estimates, around Rs 42,000 crore has been collected as construction workers welfare cess by states and Union Territories. Of this, around Rs 12,000 crore has been spent. The Building and Other Construction Workers Welfare Cess Act, 1996, provides for levy and collection of cess. The cess is being collected at 1 per cent of the cost of construction.
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Centre cracks whip, bans selfies by government employees on pension forms
Tue, May 15, 2018
Central government employees readying for retirement have been issued a fiat by the personnel ministry that has banned them from taking selfies and pasting them on their forms as official photographs. There were more dos and don’ts for civil pensioners, check them out:
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E-Pension Payment Order: Service extended to all defence pensioners
Mon, May 14, 2018
The shift to e-PPO system from manual system is expected to minimise delays in pension disbursement and further revision as and when needed, the statement said. This initiative will also eliminate the occurrence of human errors in data entry at multiple levels
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Union Budget: Trade unions for Rs 5 lakh tax-free income, Rs 3,000 pension
Wed, Dec 06, 2017
Central trade unions today pitched for tax exemption on income of up to Rs 5 lakh, minimum monthly wage of Rs 18,000 and Rs 3,000 minimum pension for workers in a pre-budget consultation with Finance Minister Arun Jaitley.
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No need for govt employees to visit bank to start pension: Govt
Sun, Aug 06, 2017
There is no need for central government employees to visit banks to start pension as their copy of the Pension Payment Order (PPO) will be handed over to them at the time of retirement, the Personnel Ministry has said.
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India will have a Rs 54.75 lakh crore shortfall in pension savings in 30 years, WEF says
Sat, Jun 03, 2017
With hundreds of millions of people approaching the age of retirement in India, is the country prepared to face the onset of retirement? A report by World Economic Forum pointed out that India will fall short of $85 trillion (nearly Rs 54.75 lakh crore) in pension savings by 2050.
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