Are you planning to retire shortly? How much income can you expect from your Employee Provident Fund (EPF)? The EPF Pension Calculator 2024 can help you determine your monthly Pension after retirement. This article will discuss the importance of using the EPF Pension Calculator, how to calculate your retirement income using the calculator, and the … Read more
Great news for Defense Forces pensions! The Central Government has revised rank-wise pensions under the One Rank One Pension (OROP) scheme for retirees from the Army, Navy, Air Force, and other defense units and family pensioners. This revision will be effective from July 1, 2024. The ‘OROP Revision’ has been approved. The Government of India … Read more
The government has announced positive news for its employees regarding their pensions. The authorities have been directed to ensure that pensions are provided on time. It has been emphasized that pensions should be issued without delays, and a specific timeline for pension issuance has been established. The central government has addressed the issue of delays … Read more
The pay commission is a boon for employees and pensioners. Each time a new pay commission is introduced, salaries and pensions change. The same happened when the 5th, 6th, and 7th Pay Commissions were implemented. Therefore, it’s expected that if the 8th Pay Commission comes into force, there will be another increase in salary and … Read more
The Indian government has announced some positive changes for EPS pensioners. They will soon be able to receive their pension from any bank, regardless of their location within the country. Mansukh Mandaviya, the Union Minister of Labour and Chairman of the EPF Trust Board has confirmed that the EPF has approved implementing a centralized pension … Read more
Investing earned money appropriately can ensure a lifetime of financial stability. There are specialized saving plans to secure your future. Financial planning is crucial at all stages of life, even after the age of 60, when earning potential decreases. LIC offers an attractive plan to address this need. Having sufficient funds is crucial for a … Read more
The Employees Provident Fund Organization (EPFO) provides a pension scheme for organized sector workers to ensure financial security after retirement. Workers become eligible for pension benefits after age 58, provided they have worked for at least ten years under the same Universal Account Number (UAN). It is a unique identification number assigned to each employee … Read more
The Central Government has released a New Single Simplified Pension Application form, Form 6A, for retiring employees. The new form is a significant step towards the government’s vision of “Maximum Governance—Minimum Government.” It aims to simplify and streamline the pension process, making it more efficient and user-friendly for retired employees. It merges the previous nine … Read more
If you want your wife to receive a pension of 45,000 rupees every month after she turns 60, you can start depositing 5000 in her name in the National Pension System (NPS) scheme. The NPS is a voluntary, long-term retirement savings scheme designed to enable systematic savings during your working life. This can ensure a … Read more
The Central Government has introduced a scheme to provide financial security to all employees and empower them to avoid financial difficulties after retirement. The National Pension System, as an alternative, offers a significant degree of flexibility, allowing those currently in the NPS to shift to the new scheme. One of the benefits of the new … Read more