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
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
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
Securing a pension after retirement is a significant concern for private employees. Understanding the concept of a family pension, a crucial provision by the Employees’ Provident Fund for financial security, is paramount. Let’s delve into this pension’s eligibility, qualifications, and benefits. In today’s world, financial security is a top priority for any family. Many employees, … 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 Indian Government announced a family pension at a uniform rate of 30t for the welfare of the families of LIC employees. It has also enhanced the gratuity limit for LIC agents from Rs 3 lakh to Rs 5 lakh and announced a slew of welfare measures for LIC agents and employees. These will substantially improve the … 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 Atal Pension Yojana (APY), the Central Govt Pension Scheme, is a government-initiated pension plan providing financial security to unorganized workers. Subscribers can earn a guaranteed monthly pension ranging from ₹1,000 to ₹5,000 upon retirement. In India, government employees receive a pension after retirement. Pension plans are also available for private-sector employees. However, individuals working … Read more
The Indian government has announced a significant increase in pension for retired Central Government employees. The proposal includes a range of increases from 20 to 100 percent based on the age of the pensioners. Here are the details: The increase applies to retired employees under the old pension scheme who have completed 20 years of … Read more