Pension News
Sivasubramanian Ramann assumes charge as the chairperson of PFRDA
Ramann is an officer of the Indian Audit & Accounts Service (IA&AS) from the 1991 batch.
1 min read20 Jun 2025LIC's Smart Pension Plan: 5 key things you need to know before you invest
LIC’s Smart Pension Plan offers customisable annuity options, flexible payouts, and liquidity features, making it a reliable retirement investment choice for individuals and superannuation group members in India.
3 min read6 Jun 2025Retirement unease: Is it getting better or worse?
The results of a recent survey point to significant gaps in the post-career plans of private sector employees in India. While many financial avenues can offer relief from retirement worry, RBI has a major role to play.
3 min read6 Jun 2025Moving abroad? Here's what you should do with your NPS investments.
Can you still keep investing in NPS after becoming a non-resident Indian or an overseas citizen of India? What are the compliance requirements, tax consequences, and rules around withdrawals? Read on to find out.
4 min read27 May 2025National pension scheme: Retired on or before March 2025? Here's how to claim UPS benefits for yourself or spouse
The NPS Trust has announced UPS benefits for retirees under NPS as of March 31, 2025, valid for themselves or spouses. The deadline to claim is June 30, 2025. PFRDA is hosting webinars on UPS, and claims can be made online or in person.
1 min read26 May 2025This Pune resident saved ₹10 lakh in tax by transferring his pension fund to NPS
Had he withdrawn the ₹33 lakh he had in the pension fund, Amit Upadhyay would have had to pay ₹10 lakh (30% of ₹33 lakh) in tax, excluding cess and surcharge. Under NPS he can hold it to retirement and withdraw 60% of the money tax-free.
4 min read5 May 2025UPS vs NPS: Which pension scheme is better for central government employees?
UPS offers a guaranteed pension for life and 60% of it for the spouse. NPS, on the other hand, allows you to withdraw 60% of the corpus as a tax-free lump sum and invest the remaining 40% into an annuity.
5 min read10 Apr 2025Govt may raise equity allocation in NPS default scheme to 25%
An increase in equity allocation from 15% to 25% is expected to provide long-term benefits to central government employees.
2 min read1 Apr 2025DA Hike: Cabinet approves 2% raise in dearness allowance for central govt employees
DA Hike: With this revision, dearness allowance will rise from 53 per cent to 55 per cent, providing a salary boost for employees ahead of the anticipated 8th Pay Commission
2 min read28 Mar 2025Unified Pension Scheme notified for govt employees: Date, eligibility, enrollment forms, what's new—All you need to know
The PFRDA has notified the Unified Pension Scheme for central and state government employees. We explain all you need to know — from the date, eligibility, enrollment forms, and more.
2 min read24 Mar 2025