RETIREMENT


Moneylife Digital Team 27 November 2017
November is the month for all pensioners to provide life certificates to their bank so that they would continue to receive their pension. While most the these senior citizen visit bank branches during November and sign on the register as proof of living, some find it difficult to be...

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Veeresh Malik Veeresh Malik 09 November 2017
Of late, there has been much publicity on how the Provident Fund department has smoothened matters out for employees and employers, much of it probably true for those willing to "do the needful". Otherwise, if you are the sort who insists on doing things the correct way, then it is still the...

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IANS 11 September 2017
The Pension Fund Regulatory and Development Authority (PFRDA) on Monday announced that the upper age limit for joining the National Pension Scheme (NPS) had been raised to 65 years, from the current 60.   Chairman PFRDA Hemant Contractor made the announcement here at a conference on...

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Moneylife Digital Team 23 March 2017
The much touted e-Sewa facility of Employees' Provident Fund Organisation (EPFO) for universal account number (UAN) holder members is down since past few months. This has left thousands of UAN members in lurch as they are clueless as to whom should they contact to address their grievances....

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IANS 15 February 2017
The Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday said the number of private sector subscribers of New Pension Scheme (NPS) saw a 60 per cent increase during the April 2016 to January 2017 period due to exemptions provided in the earlier Budget.   "Private...

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IANS 19 December 2016
The Employees' Provident Fund Organisation on Monday lowered the interest rate on deposits to 8.65% for fiscal 2016-17 from 8.8% in 2015-16, said a member of its apex board of trustees.   "The Central Board of Trustees has take a decision to reduce the interest rate on EPFO's deposits...

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More than half of Indian employees anticipate that they will be up against a less comfortable retirement than their parents' generation, a survey by global advisory, broking and solutions company Willis Towers Watson said.   According to the 2016 Global Benefits Attitudes Survey, 56...

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While Americans are notorious for poor long-term savings, I am sure that the plight of senior citizens living exclusively on their own savings is not too good either. Retirement just happens. Retirement means the loss of your earning and perhaps trying to live on your savings and, often, a...

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New York : If you are 65 and still working, it can be an add-on for you to live longer while retiring early may increase your chances of dying early, says new research, suggesting that there is a strong relationship between work and longevity.   The findings showed that healthy...

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Hyderabad/New Delhi/Bengaluru : Under fire from political opponents and bowing to pressure from trade unions, including from RSS-affiliated Bharatiya Mazdoor Sangh (BMS), the government on Tuesday withdrew its new rules of provident fund withdrawal.   Within hours after announcing the...

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Pension Fund Regulatory and Development Authority (PFRDA) chairman Hemant Contractor said that the PFRDA is also pushing with the government to give the government subscribers the choice of choosing their pension fund manager   Government employees may soon be able to invest up to 50...

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R Balakrishnan R Balakrishnan 05 April 2016
Last week, I bought a retirement policy. All I need to do is keep up the payments for 15 years and my agent can retire   There is a lot of noise about annuities. And I am sure, you will be bombarded with agents and media who try to tell you how this product is great for you. Please...

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Will SCSS and PPF continue to hold savers’ interest?   The government has made a U-turn on the Budget 2016 proposal of taxing withdrawals from EPF (employees’ provident fund). You may already be contributing 12% of your basic salary plus dearness allowance (DA) to EPF in which...

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Jason Monteiro Jason Monteiro 18 March 2016
There are better products than EPF and NPS. Plus, avoid killer products like unit-linked insurance and annuities   The Union Budget 2016 wanted to introduce extensive changes to taxing the defined contribution retirement corpus for some employees in the private sector. Suddenly,...

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IANS 18 February 2016
New Delhi : Citizens can use their bank account or eAadhaar and permanent account number (PAN) as know your customer (KYC) document to register online for the national pension scheme (NPS).   In a notification on Wednesday, the Pension Fund Regulatory and Development Authority said...

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IANS 16 February 2016
Chennai : The Central Board of Trustees of Employees' Provident Fund Organisation (EPFO) on Tuesday recommended an interest rate of 8.80 percent for 2015-16 on its retirement funds of employees, said a member.   "The interest rate recommended is 8.80 percent while the employee...

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MONEYLIFE DIGITAL TEAM 31 December 2015
The RBI report expresses the need to develop the pension sector, but fails to focus on other major issues   The Reserve Bank of India (RBI) in its latest Financial Stability Report (FSR) mentioned that more steps are needed to “boost the annuity market to deepen and widen the pension...

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IANS 10 December 2015
Pension Fund Regulatory and Development Authority (PFRDA) chairman Hemant G. Contractor said on Wednesday that the government should consider offering tax incentives to the pension sector to expand its coverage to informal sector employees.   The PFRDA chairman said something needed...

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Moneylife Digital Team 24 November 2015
Moneylife Foundation is conducting ‘Safe and Smart Savings to take care of your retirement years’, a free seminar on Saturday in Nerul, Navi Mumbai for people, especially senior citizens    Every other day, we read about people being financially duped. Senior citizens, who may have...

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IANS 23 November 2015
PFRDA said it was committed to support the 'Digital India' drive and efforts were being made to make various NPS related services available on online platform   The Pension Fund Regulatory and Development Authority (PFRDA) has made it mandatory for the subscribers of New Pension...

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