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
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
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
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
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
Planning for a comfortable and financially secure retirement is essential for everyone. The National Pension System (NPS), a government-backed retirement savings scheme in India, offers a reliable way to save for your golden years. But how can you estimate your future pension? This article will guide you through using the NPS Pension Calculator on the … Read more
EPFO pensioners can check their EPF pension payment statement or month-wise PPO details at the EPF pension payment enquiry portal or PP Enquiry Portal of the Pensioners Enquiry portal at epfindia.gov.in. The EPF Pension Payment Statement is an important document that provides a detailed summary of your pension payments. It includes information such as the … Read more
Are you worried about the uncertainty of your pension upon retirement? This is a common concern, but you can find relief and plan effectively with the right tools, like a pension calculator. It can provide a clear picture of your future income and bring you peace of mind. Retirement should be a time for relaxation, … Read more
Employees Provident Fund Organization (EPFO) has introduced a new ‘Application Form 6A’ to make it easier to claim a pension after retirement. This form can be submitted online through the EPFO portal, resulting in faster pension claim settlement. Previously, pension claims had to be made offline, which was time-consuming and challenging for retirees. However, the … 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