Pension

One Rank One Pension (OROP) Scheme: Equal Pension for Defense Pensioners

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

Pension

EPS Pensioners Get Pension From Any Bank, Any Branch, Anywhere in India

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

LIC Policies

LIC Saral Pension Scheme: The Perfect Plan for Your Post-Retirement Needs

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

Scheme Yojana

APY Scheme: Atal Pension Yojana is a Secure Retirement Plan for Unorganized Sector Workers

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

Pension

Central Govt Pensioners to Get 20-100% Increase in Pension

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

Scheme Yojana

Unorganized Workers to Get Rs. 3,000 Monthly Pension Under PMSYM

The government is implementing various schemes to support people from all sections of the country, particularly those in the unorganized sector. One such scheme is the Pradhan Mantri Shrama Yogi Mandhan Yojana (PMSYM), which aims to provide financial assistance to workers in the unorganized sector. The scheme offers a fixed pension of Rs. 3,000 per … Read more

UPS vs. OPS vs. NPS

UPS vs. OPS vs. NPS: Which Pension Scheme is Best?

Prime Minister Narendra Modi recently announced the Unified Pension Scheme (UPS) for government employees, emphasizing its pivotal role in ensuring workers’ financial security. The UPS guarantees 50% of the average basic pay for the 12 months prior to retirement as a pension, along with additional benefits such as family pension, minimum pension, and inflation adjustments. … Read more

UPS Unified Pension Scheme

UPS: New Unified Pension Scheme for Central Government Employees

The government has announced a new Unified Pension Scheme (UPS) for central government employees, replacing the current Shared Pension Scheme (CPS). The Central Government greatly respects all government employees who work for the country’s development. The UPS Scheme has been introduced to provide financial security to all of them so that they can live with … Read more

Pension

NPS: Receive Monthly Pension After Retirement under National Pension Scheme

As you approach retirement, ensuring financial stability becomes increasingly important. The National Pension Scheme (NPS) is a government-backed initiative designed to provide a reliable monthly pension, ensuring you can enjoy your golden years without financial stress. Whether you’re looking forward to spending your retirement relaxing with a book or exploring new hobbies, planning for your … Read more