NPS gets a chunk of SBI staff’s pension corpus

MUMBAI: The Central government-sponsored New Pension Scheme (NPS) is set to receive a major boost with the State Bank of India, moving a significant part of its employees’ pension corpus to the scheme. The NPS will also get significant contributions in coming months by way of employer and employee contribution towards the pension of public … Read more

PFRDA may raise allocations for fund managers

The Pension Fund Regulatory Development Authority (PFRDA) is likely to allocate Rs 4,100 crore in 2010-11 among the three pension managers, State Bank of India, UTI Mutual Fund and LIC Mutual Fund. Last year, the regulator had allocated Rs 3,700 crore. The corpus would mainly be the contribution of central and state government employees. At … Read more

Amendment to Rule 64, 71, 72 & 80 of CCS (Pension) Rules, 1972 – Notification No. S.O. 829 (E)

NO.20/16/1998-P&PW (F) Government of India Ministry of Personnel, Public Grievances and Pensions Department of Pension and Pensioners’ Welfare 3rd Floor, Lok Nayak Bhavan Khan Market, New Delhi-I 10511 Dated the 19th April 2010. OFFICE MEMORANDUM Subject: Amendment to Rule 64, 71, 72 & 80 of CCS (Pension) Rules, 1972 – Issue of Notification dated 7th … Read more