RETIREMENT


Moneylife Digital Team 17 May 2024
In a landmark move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has become India's first and only housing regulatory body to issue detailed regulations for retirement housing projects after model guidelines were issued by Union ministry of housing and urban affairs (MoHUA) in...

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Sponsored Post 22 April 2024
Retirement planning is a critical aspect of financial well-being, yet it is often overlooked or postponed by many until it becomes a pressing concern. In India, with a growing awareness of financial planning and investment, individuals are increasingly looking towards the share market not just...

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Moneylife Digital Team 02 April 2024
The new financial year in India updates rules for your savings plans, taxes and other investment matters. In this manner, from 1 April 2024, the employees’ provident fund organisation (EPFO) has introduced significant changes that should help individuals when requesting provident fund (PF)...

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IANS 27 February 2024
The Lucknow bench of the Allahabad High Court has directed the state government to pay old age pension to those petitioners who do not have Aadhaar cards and mobile phones, after verifying their genuineness through bank records.   The order was passed by a division bench of chief...

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IANS 22 February 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amended Trustee Bank and Central Recordkeeping Agency regulations in order to protect the National Pension System subscribers from fraud, reduce the cost of compliance and enhance the ease of doing...

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Moneylife Digital Team 21 February 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations of the National Pension System (NPS) Trust and the Pension Fund to reduce the cost of compliance and enhance the ease of doing business. As per the official statement issued on...

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Moneylife Digital Team 09 February 2024
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has released a draft aimed at regulating retirement homes across the state, aligning with the model guidelines issued by Union ministry of housing and urban affairs (MoHUA) for the development and regulation of retirement homes. This...

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The public information officer (PIO) of the Life Insurance Company (LIC) of Agra, who defended himself by stating that documents regarding its pension & group scheme policy (P&GS) of employees of St Clare's School, Agra were destroyed in a fire, has been directed by the central information...

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IANS 30 January 2024
The government on Monday amended rules granting the women employee the right to nominate their son(s) or daughter(s) for family pension instead of her husband.   Minister of state (independent charge) Jitendra Singh said that the department of pensions and pensioners' welfare (DoP&PW)...

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Moneylife Digital Team 19 January 2024
While refusing to interfere in an order passed by the Securities and Exchange Board of India (SEBI), the Securities Appellate Tribunal (SAT) dismissed an appeal filed by Brightcom Group Ltd (BGL) against the SEBI order.   In an order, Meera Swarup (technical member) of SAT says,...

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IANS 18 January 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the point of presence (PoP) regulations for introducing a new simplified system of only one registration for the National Pension System (NPS) instead of multiple registrations required earlier, the finance ministry...

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Moneylife Digital Team 07 November 2023
Pensioners who get their due pension through pension disbursing authorities (PDAs), such as the bank or the post office, are required to furnish a 'life certificate' or 'jeevan pramaan patra' to these PDAs once every year. This life certificate is submitted by presenting themselves personally...

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IANS 18 September 2023
Government on Monday announced family pension at a uniform rate of 30% for the welfare of the families of LIC employees.   It has also enhanced the gratuity limit from Rs3 lakh to Rs5 lakh for LIC agents.   Announcing a slew of welfare measures for LIC agents and employees,...

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Moneylife Digital Team 05 June 2023
During the financial year (FY)21-22, the employees' provident fund organisation (EPFO) had 167.0mn (million) members with the Aadhaar-validated universal account numbers (UAN). However, only 18.56% or 31.0mn members credited the employee-employer contribution for the entire year, reveals a...

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Abhay Datar 28 April 2023
I had discussed certain practical difficulties one may face while opting for a higher pension in my article. Though I received a few queries, I was unable to provide any solution for want of something authentic. All these queries were related to the amount of the likely pension. I kept...

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Moneylife Digital Team 12 April 2023
By 2031, there will be 2.4mn (million) senior citizens living independently in Mumbai metropolitan region (MMR). According to a research report, these seniors believe they need to be prepared financially, physically and emotionally to take care of themselves.   In the report,...

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The Supreme Court on Tuesday ruled that government employees are eligible for annual increment, even if they superannuate a day after earning the benefit.   A bench of Justices M.R. Shah and C.T. Ravikumar said: "The Division Bench of the High Court has rightly directed the appellants...

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Krishnan PR 08 April 2023
On 4 November 2022, the Supreme Court (SC) had held that those willing to opt for a higher pension should be allowed to do so. Hence, those who have retired have to first contribute to the corpus with the difference between the capped amount and the actual amount at 8.33% with interest over...

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Moneylife Digital Team 08 April 2023
Employees' provident fund organisation (EPFO), which manages over 277.4mn (million) accounts of employees from across the country, has not yet credited the interest for FY21-22 and FY22-23. Usually, the interest on the balance amount in the EPFO account is credited on 31st March every year....

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The government on Thursday announced setting up of a four-member committee under finance secretary TV Somanathan to review the national pension scheme (NPS) and suggest any changes in it, keeping in mind the interest of government employees.   The committee will also consist of...

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