What is a pension adalat and how does it work? MintGenie explains

Pension adalat is an informal platform established to resolve pension-related disputes, aiming to ensure timely payments and address grievances. It involves filing complaints, committee reviews, hearings, and appropriate actions to address the issues raised.

Additional contribution of 1.16% for higher pension to be drawn from employers' payout

<ul><li>The ministry said that the spirit of the EPF &amp; MP Act as well as the Code (Code on Social Security) do not envisage contribution from the employees into the pension fund.</li></ul>

EPFO extends deadline to apply for higher pension till June 26

<ul><li>In order to provide a larger window of opportunity and in order to enable all eligible persons to file their applications, the timeline for filing applications would now be till 26th June, 2023, according to a statement.</li></ul>

EPFO launches online facility for subscribers applying for higher pension. Details here

This online facility will be available for validation of joint options from the employees who retired prior to Sept 1, 2014 and those who were members on Sep 1, 2014.

Find less costly ways to address pension concerns instead of OPS, says Raghuram Rajan

<ul><li>Rajan further said the old pension scheme does involve massive future outlays because of the indexation of pensions to current salaries.</li></ul>

PFRDA cuts down timeline for NPS partial withdrawals: Report

The pension regulator has cut down the timeline for processing partial withdrawal requests to T+2 across all Central Record Keeping Agencies 

Budget 2023 Expectations: ‘Government should make pension tax-free’

Budget 2023: The Indian government should make pensions tax-free because the pension premium is already paid through taxable income, says Ageas Federal Life Insurance CEO and MD Vighnesh Shahane.

RBI cautions states against reverting to old pension scheme

<ul><li>Earlier, governments of Rajasthan, Chhattisgarh, and Jharkhand informed the central government and the Pension Fund Regulatory and Development Authority (PFRDA) about their decision to restart the OPS for their employees.</li></ul>

NPS death claims: PFRDA allows video-based identification process for legal heir, nominee

The PFRDA has decided to allow intermediaries to use technological intervention as an additional due diligence mechanism by using Video-Based Customer Identification Process (VCIP).

NPS partial withdrawal rule changed from January 1: Here's what you should know

PFRDA in its circular announced new rules for partial withdrawal of NPS for government sector subscribers.

Top Pension News

personal finance

What is a pension adalat and how does it work? MintGenie explains

personal finance

Additional contribution of 1.16% for higher pension to be drawn from employers' payout

personal finance

EPFO extends deadline to apply for higher pension till June 26

personal finance

EPFO launches online facility for subscribers applying for higher pension. Details here