News for New Pension Scheme Employees
Dhirendra Kumar, CEO, Value Research The New Pension Scheme (NPS), which should have become an important part of the country’s savings landscape, is dead, at least for the time being. This, more or less, is what a government committee set up to examine the NPS is saying. The recommendations of the ‘Committee to Review … Read more
PFRDA: NPS equity investment cap to remain at 50% The Pension Fund Regulatory and Development Authority (PFRDA) today said it favoured retaining the cap on investment in equities by the New Pension Scheme at 50 per cent, irrespective of the recommendations of the Bajpai committee. The NPS comprises three investment categories —- G (ultra safe), … Read more
Deduction for contribution to the National Pension Scheme in the hands of the employer and exclusion of such contributions in computing exemption for Sec 80C is a morale booster for employer and employee. The New Pension Scheme (NPS) was introduced by the Union Government in 2003. According to the new scheme, employees appointed on or … Read more
The new pension scheme introduced by the Union Government for railway employees has been challenged in the Madras Bench of the Central Administrative Tribunal. An employee of the southern railway and Dakshin Railway Employees Union (DREU) have challenged the scheme terming it unconstitutional and invalid. According to the new scheme, employees appointed on or after … Read more
THROUGH a statement issued from Kolkata on March 25, by its senior vice chairman Sukomal Sen, the All India State Government Employees’ Federation (AISGEF) has informed that on the day the federation organised in all the states of the country, right from Kashmir to Kerala, two-hour walkouts and demonstrations to condemn the introduction of Pension … Read more