The Unified Pension Scheme (UPS) is a new pension scheme for Central Government employees introduced by the Government of India. This scheme offers a fixed pension after retirement, providing employees with a sense of security and stability in their post-retirement years. With the introduction of the Unified Pension Scheme (UPS), employees now have the flexibility … 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
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
If you are employed in a government or private organization, a certain amount of your salary is deducted monthly to contribute to the Employees’ Provident Fund (EPF). By contributing continuously for 10 years, you secure your future and become eligible for a pension from the Employees’ Provident Fund Organization (EPFO) after retirement, ensuring a financially … Read more
The Atal Pension Yojana (APY), also known as the Central Govt Pension Scheme, is a government-initiated pension plan providing financial security to unorganized workers. Upon retirement, subscribers can earn a guaranteed monthly pension ranging from ₹1,000 to ₹5,000. In India, government employees receive a pension after retirement. Pension plans are also available for private-sector employees. … 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
Employees are expected to receive good news soon, as a proposal to raise the Provident Fund account contribution from Rs. 15,000 to Rs. 21,000 has reached the Union Finance Ministry. This long-demanded proposal is likely to be positively considered. If it is approved, the maximum pension for employees working in the organized sector will be … 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
Monitoring your pension status on the EPFO portal is vital for every employee who contributes to the Employee Provident Fund (EPF). This involves a few simple steps, which we will guide you through in this document. This easy-to-manage process helps ensure your retirement benefits are secure and allows you to plan accordingly. The Employee Pension … Read more
The Employee Pension Scheme (EPS) is an integral part of the Employees’ Provident Fund (EPF), which is managed by the Employees’ Provident Fund Organization (EPFO) in India. The EPFO, a statutory body under the Ministry of Labour and Employment, is responsible for overseeing the implementation of the EPS and ensuring its benefits reach the employees. … Read more