RETIREMENT


AK Ramdas AK Ramdas 09 October 2012
FDI in pension funds is a welcome step for pensioners and the New Pension Scheme would benefit all subscribers, many of whom may have also opted for such schemes in operation in the private sector. How it will benefit a person who has subscribed to both remains to be seen Last week,...

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Moneylife Digital Team 10 September 2012
“A facility to generate member passbook, employee passbook and on-request passbook through Employees’ Portal on EPFO website has been devised,” said Abhay Ranjan, regional PF commissioner Greater convenience and up-to-date information has been introduced by the Provident Fund (PF)...

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MDT/PTI 05 September 2012
The draft policy includes provisions like setting up state-level welfare board and district co-ordination committees for senior citizens   Mumbai: The Maharashtra Government is giving final touches to a policy for senior citizens and its draft will be placed before the Cabinet soon,...

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The Labour Ministry has sent a proposal to the Finance Ministry to fix minimum pension of EPFO subscribers at Rs1,000 per month, irrespective of their contribution towards the scheme New Delhi: Subscribers of the retirement fund body Employees Provident Fund Organisation (EPFO) may soon...

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The decision will allow EPFO, which has a corpus of Rs3.5 lakh crore, more flexibility in its investment   New Delhi: The Central Board of Trustees (CBT) has given green signal to retirement fund body Employees' Provident Fund Organisation (EPFO) to park its funds in fixed deposits...

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According to the NPS provisions, an investor can withdraw 60% of his total corpus, which he has saved during his working life and the rest will go to an annuity plan of a life insurer   Mumbai: Despite the National Pension System (NPS) throwing up a large opportunity to life insurers,...

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According to the former Union minister, existing minimum pension of the EPF scheme is 'totally inadequate' for over 3.5 million who had spent their entire working life   Thiruvananthapuram: Congress MP Shashi Tharoor has urged the Indian government to enhance the pension under the...

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It is imperative that the government addresses all issues related to the New Pension Scheme to ensure a post retirement lifestyle commensurate with what the employees are used to Before discussing the merits of the New Pension Scheme (NPS), let us take a bird’s eye view of NPS for...

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Active subscribers would have to register themselves on the EPFO portal by furnishing their account details to obtain an e-passbook of their fund   New Delhi: Over five crore subscribers of the retirement fund body Employees' Provident Fund Organisation (EPFO) can obtain e-passbook...

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New Delhi: In order to boost the National Pension Scheme (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has relaxed norms for registration of pension fund managers to ensure greater competition by removing cap on the number of Pension Fund Managers (PFMs), reports...

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The Employees Provident Fund Office is more than willing to help with online facilities Nothing can be more depressing than meeting young people who have lost their jobs due to the ongoing slowdown such as airline pilots and seafarers as well as people from the infotech industry. Many of...

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While presently the EPFO earns over 9% on its current base corpus of Rs3 lakh crore, this could be enhanced to 12%. Besides, old peoples’ homes could be another avenue of revenues that the government can look at   While speaking at the 29th Skoch Summit earlier this month, UK Sinha,...

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The decision to defer the controversial bill assumes significance as the UPA government would not like to ruffle the feathers of Trinamool Congress ahead of the Presidential elections   New Delhi: With Trinamool Congress, the key alley in the united progressive alliance (UPA) coalition...

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Moneylife Digital Team 25 May 2012
About 25.75 lakh families will be covered under the 'Rani Lakshmi Bai Pension Scheme that would benefit mainly women head of families   Lucknow: The Uttar Pradesh government decided to launch a pension scheme covering 25.57 lakh families which would be given Rs400 per month, reports...

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Moneylife Digital Team 24 May 2012
The  Central government has launched a special life insurance and pension scheme for Indian overseas workers aimed at addressing their social security and resettlement needs. Launching the ‘Pension and Life Insurance Fund (PILF)’, overseas Indian affairs minister Vayalar Ravi said it combined...

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Moneylife Digital Team 24 May 2012
The government increased interest rates on Special Deposit Scheme and State Provident Funds for FY13 to 8.8% from 8.6%   New Delhi: The Indian government has increased interest rates on Special Deposit Scheme (SDS) and State Provident Funds for the year 2012-13 to 8.8% from 8.6%...

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Moneylife Digital Team 27 January 2012
If you have already retired or are approaching retirement, what should you do to make yourself safe & smart regarding healthcare, regular income, living space, insurance and financial products? A Moneylife Special Report Retirement is a paradoxical word. It could conjure a vision of...

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Raj Pradhan Raj Pradhan 15 December 2011
Everyone wants to have  adequate funds in their retirement years. Raj Pradhan explores whether pension products offered by life insurance and mutual fund companies are safe and smart options In mid-2007, Rajshekhar (name changed) visited ICICI Bank to renew his fixed deposits. The bank...

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ML Digital Team 06 October 2011
The Committee on Comprehensive Review of National Small Savings Fund (NSSF), headed by a deputy governor of RBI, has considered the suggestion of the department of posts and some state governments to increase the annual investment limit on PPF (Public Provident Fund) to Rs1 lakh from the...

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Moneylife Digital Team 08 September 2011
Money invested under NPS is locked in till the age of 60 under the NPS Tier-I account. Will this change now? The Standing Committee suggests some flexibility, but there is a positive and a negative side to it The New Pension System (NPS) has not worked very well. While for central...

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