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Pension News

11 Jun 2025

FM Sitharaman Takes THIS Step For Unclaimed Amounts In Bank Deposits, Dividend

Addressing the 29th meeting of the Financial Stability and Development Council (FSDC) here, the Finance Minister said that special district-level camps must be held to ensure the expeditious and seamless refund of such assets to rightful owners.

05 Jun 2025

What Happens To Your EPS Pension Money After You Have Withdrawn Your PF?

When employees withdraw their PF, they subconsciously leave their EPS component behind. What happens to that EPS pension money? How can you track it? Check the details here.

Unified Pension Scheme

24 May 2025

Central Govt Employees Under NPS: Is UPS Different From NPS? Check Eligibility

Unified Pension Scheme Last Date To Apply: On April 1, 2025, the central government introduced the Unified Pension Scheme (UPS) option for its employees, which offers a guaranteed pension subject to certain conditions.

20 May 2025

Bhavishya Portal Clears 83% Pension Payment Orders In Time

The Centre launched the portal to bring transparency in the redressal process for retired government employees.

19 May 2025

RBI Proposes 10% Cap On RE Investments In AIFs- Details

The proposals further state that the RBI may exempt certain AIFs, in consultation with the government, that have been set up for strategic purposes.

Reserve Bank of India

15 Apr 2025

Banks To Pay 8% Interest Per Annum For Delay In Pension Disbursement

In a circular issued earlier this month (April 1), the RBI has said that pension paying banks should compensate the pensioner for delay in crediting pension/ arrears at a fixed interest rate of 8 percent per annum.

10 Apr 2025

Can Pensioners Withdraw Pension From A/c When Unable To Sign Or Go To Bank?

RBI has issued instructions to pension disbursing banks to allow withdrawal of pension by following certain procedures which are given below:

07 Apr 2025

Female Govt Employee Can Nominate Child For Family Pension Instead Of Husband

The DoPT rule issued on 28 March 2025 allows female AIS officers/pensioners to nominate her child/children or family pension in precedence to her husband in due to the following reasons.

04 Apr 2025

Can Joint Account Can Be Continued For Family Pension After Pensioner's Death?

RBI has updated its Frequently Asked Questions (FAQ) ( April 01, 2025) for Payment of Pension to Government Pensioners, detailing 8 points on Payment of Pension to Government Pensioners.

Unified Pension Scheme

01 Apr 2025

NPS To UPS Switch: Central Govt Employees Now Eligible To Opt For UPS; Details

NPS To UPS Switch: The NPS to UPS migration is now live on the official CRA (Central Recordkeeping Agency) portal. This migration aims to offer a guaranteed pension, government contributions, and more investment flexibility to central government employees post-retirement. Notably, the Unified Pension Scheme (UPS) offers a structured pension payout based on an employee’s service tenure. Those with 25 or more years of service will receive 50 per cent of their average last 12 months’ basic salary as a pension.

24 Mar 2025

18.19 Lakh New Workers Enrolled Under ESI Scheme In Month Of January 2025

27,805 new establishments have been brought under the social security ambit of the ESI Scheme in the month of January, 2025 thus ensuring social security to more workers.

24 Mar 2025

Will Central Govt Shorten Timeframe For Restoration Of Commuted Pension?

Commuted pension is an advance payment that you get in one lump sum and that is subtracted from your whole pension fund.

28 Feb 2025

Will Pension Limit Be Raised From Current Rs 1,000 To Rs 7,500 –Check Reports

The pensioners' body is calling raising the minimum pension limit and also demand that dearness allowance (DA) be included.

27 Feb 2025

Higher EPS Pension BIG UPDATE: EPFO To Process All Cases By THIS DATE

This information was provided by the EPFO at the Executive Committee (EC) of the Central Board of Trustees, EPF, chaired by Labour and Employment Secretary Sumita Dawra.

26 Feb 2025

Voluntary Pension Scheme On The Card; Open To All, No Job Or Employment Needed

The Labour Ministry has initiated talks on the voluntary and contributory pension plan that would enable people from all backgrounds to save for their retirement, irrespective of their work status.

06 Feb 2025

Pension Scheme For e-Commerce Delivery Agents Soon To Become Reality?

This assumes significance in view of the Budget announcement earlier this month by Finance Minister Nirmala Sitharaman about rolling out of a social security scheme for one crore gig workers engaged with online platforms.

14 Dec 2024

Atal Pension Yojana Crosses 7 Crore Subscribers, Securing Retirements in India

The scheme has witnessed significant participation from women, who constitute around 47 per cent of the total subscribers.A standout feature of APY is its comprehensive pension structure.

12 Dec 2024

EPFO Pension Alert! Will Govt Increase Minimum Pension Amount EPF Scheme?

Pankaj Chaudhary, Minister of State for Finance, stated that the Ministry of Labour and Employment has received representations from stakeholders, including trade unions, requesting an increase in the minimum pension amount under the EPS.

20 Nov 2024

Has Centre Raised Retirement Age Of Central Govt Employee To 62? Know Here

As per a viral social media post, the union cabinet has approved the retirement age limit of central government employees by 2 years to 62.

18 Nov 2024

BIG Pension Rule Change For Retiring Central Government Employees

BIG Change in Pension Rule: The pension case of a Government servant shall be processed through online mode and the retiring officials shall submit Form 6-A through Bhavishya/e- HRMS.

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