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Latest from pension

Irish woman claimed dead mother's pension for 3 years to ‘keep her alive’

An Irish woman fraudulently claimed her late mother's pension for three years, using the money for grave flowers.

An Irish woman admitted to stealing her late mother's pension for three years, claiming it was to

trending

Published on Apr 16, 2025 09:12 AM IST

ByMahipal Singh Chouhan

Pensioners may soon be able to make EPFO claims via UPI: Labour secretary

The EPFO has established a centralised database and after conducting necessary testing, the UPI frontend for EPFO claims may get rolled out by the end of May.

Under the Provident Funds and Miscellaneous Provisions Act, an employer and worker both are required to contribute 12% of a person’s basic salary towards a retirement-benefits corpus managed by the EPFO (HT Photo)

business

Published on Mar 26, 2025 10:22 AM IST

ByHT News Desk

Unified Pension Scheme (UPS) for govt employees: Eligibility, what’s new

The PFRDA has notified that the Unified Pension Scheme (UPS) for central government employees will become operational from April 1, 2025.

The UPS promises to give government employees an assured pension of 50% of their average basic pay drawn over the past 12 months, prior to superannuation.(Reuters)

business

Published on Mar 24, 2025 05:11 PM IST

ByHT News Desk

Govt working on ‘universal pension scheme’ for all Indian citizens: Report

The Centre is reportedly working on a ‘universal pension scheme’ that all Indian citizens will be able to avail, NDTV reported.

The Labour Ministry is reportedly working on a 'universal pension scheme' for all Indian citizens.(Bloomberg)

business

Published on Feb 26, 2025 04:03 PM IST

ByHT News Desk

LIC smart pension plan: Features, annuity options, eligibility, other details

LIC smart pension plan: LIC launched the LIC Smart Pension Plan (Plan No. 879) on February 18, 2025.

The LIC smart pension plan offers a range of annuity options for both single life and joint life annuities.(Hemant Mishra/Mint)

business

Published on Feb 19, 2025 02:58 PM IST

ByHT News Desk

Unified Pension Scheme (UPS) takes effect from Apr 1: Know eligibility, benefits

UPS will be available to eligible central government employees who are already enrolled in the NPS as an option.

Under the UPS, government employees will contribute 10% of their basic salary, along with the dearness allowance, while the government's contribution will increase to 18.5% from 14% earlier.(Reuters)

business

Updated on Feb 18, 2025 11:35 AM IST

ByHT News Desk

8th Pay Commission: Central govt employees may see 186% rise in pension

8th Pay Commission: The 8th Central Pay Commission (CPC) will come into effect from January 1, 2026

8th Pay Commission: Over one crore Central employees and pensioners are set to benefit from the setting of the 8th Pay Commission. (REUTERS)

business

Updated on Jan 24, 2025 05:33 PM IST

ByHT News Desk

8th Pay Commission: What changes did 7th and 6th Pay Commissions bring?

8th Pay Commission: The government recently approved the formation of the 8th Pay Commission to revise salaries of central government employees and pensioners

8th pay commission: Union Minister Ashwini Vaishnaw suggested the new commission's recommendations will come into effect on January 1, 2026.(Representational Image/Pexel)

business

Updated on Jan 21, 2025 09:09 PM IST

ByHT News Desk

Budget 2025: Minimum EPS pension hike to ₹7,500 likely to be considered

For this, a delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on January 10 , 2025, as part of a pre-budget consultative meeting

budget

Published on Jan 13, 2025 09:50 AM IST

ByHT News Desk

EPS rule update: Pensioners can now withdraw pension from any bank branch

The newly introduced Centralised Pension Payments System (CPPS) is expected to benefit 78 lakh EPS pensioners with its convenience.

Pensioners don't have to visit the branch for any verification and it will be credited immediately upon release(HT Photo)

business

Published on Jan 02, 2025 10:31 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

How to get higher pension if employer didn't approve or process your application

A historic Supreme Court judgement allowed many Employee Pension Scheme (EPS) members to apply for a higher pension, but not all were successful in getting it

On top of this, the Employees Provident Fund Organisation (EPFO) also had given the last chance to employers to upload employee wage details by January 31, 2025(HT Photo)

business

Published on Dec 22, 2024 12:41 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Couple married and divorced 12 times in 40 years for this greedy reason

An Austrian couple was found to have committed welfare fraud by marrying and divorcing over 12 times to exploit a loophole.

The couple's first divorce occurred in 1988, after about six years of marriage.(Representational)

trending

Published on Dec 17, 2024 07:16 PM IST

ByMuskaan Sharma

EPFO 3.0 may allow ATM withdrawal of PF, scrap 12% contribution limit: Report

The Employee Provident Fund Organisation (EPFO) will revamp and introduce multiple policies for the EPFO 3.0 version.

However, discussions regarding all of the new features and policy changes for EPFO 3.0 are currently at the very initial stages.(HT Photo)

business

Updated on Dec 04, 2024 01:43 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Nearly 1,500 Kerala govt employees found fraudulently claiming welfare pensions

According to the source, the social security pension, meant for the poor and elderly, is being received by gazetted officers, including assistant professors.

Teachers from the higher secondary sector are also on the list of those receiving welfare pensions. (iStock)

education

Published on Nov 27, 2024 05:53 PM IST

PTI | , Thiruvananthapuram

Around 70 retired BMC employees await dues despite HC orders

A retired BMC employee hasn't received retirement dues for nine months despite a court order, prompting a union appeal for resolution.

cities

Updated on Nov 26, 2024 07:34 AM IST

BySabah Virani

How can central government pensioners change name of spouse in records?

New clarifications have been issued for the process of changing the name of the spouse in the pension records of retired government employees.

This follows a previous October 2022 office memorandum of the department, which comes under the Ministry of Personnel, Public Grievances and Pensions(Representational Image/Pixabay)

business

Published on Nov 13, 2024 01:52 PM IST

ByHT News Desk

DA hike by 3% for all central government employees ahead of Diwali

The central government has announced a 3% DA hike for employees and pensioners, bringing it to 53% of the basic pay, compared to 50% earlier

The centre hiked the dearness allowance (DA) for all central government employees by 3%(Amit Dave/Reuters)

business

Updated on Oct 16, 2024 05:28 PM IST

ByHT News Desk

New pension guidelines for central govt employees: NPS contribution rules

The centre has released new NPS contribution guidelines for periods of suspension, periods of unpaid leave, probation, and many others

The centre has released new guidelines for contributions to the National Pension System (NPS)((Representational Image/Pixabay))

business

Published on Oct 11, 2024 01:19 PM IST

ByHT News Desk

DA hike for central govt employees may come soon after Union Cabinet meeting

The previous DA hike of 4% was announced in March, and was effective from January 2024

DA is applicable to all the currently serving employees while DR is appplicable to all pensioners. Both are to adjust the salary or pension to the increasing cost of living, driven by inflation.(Reuters)

business

Published on Oct 09, 2024 01:50 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Pensioners alert! Scam involving messages asking to fill forms, know the details

The fraudsters use WhatsApp to send fake forms to the pensioners and then claim that unless those forms are filled, their pension payments will get stopped

Pensioners in India are increasingly being targeted by fraudsters who claim to be from the Central Pension Accounting Office (CPAO) in New Delhi(Representational image)

business

Published on Oct 06, 2024 03:59 PM IST

ByHT News Desk

Your pension may stop if you don't submit Annual Life Certificate: Details

Senior central government pensioners aged 80 and above can now submit their Annual Life Certificate from October 1 instead of the usual November 1

All central government pensioners have to submit an annual life certificate in November to continue receiving their pensions.(Representational Image/Pixabay)

business

Published on Oct 06, 2024 10:52 AM IST

ByHT News Desk

Government revises CGHS rates for these medical treatments, check costs, details

The government revised the CGHS rates for crucial medical devices like Deep Brain Stimulation (DBS) implants, Intra-Thecal Pumps, and Spinal Cord Stimulators

For currently serving employees, the request goes through their department, while pensioners have to approach the Additional Director of their respective CGHS zone

business

Published on Sep 28, 2024 02:03 PM IST

ByHT News Desk

New proposal for central government pensioners: CGHS beneficiaries may get…

The new proposal comes in the light of the financial burden retiring employees face when required to make a big one-time contribution to avail CGHS benefits

This comes in the backdrop of the centre extending PM-JAY benefits also to the senior citizens aged 70 and above(Representational Image/Pixabay)

business

Published on Sep 28, 2024 12:12 PM IST

ByHT News Desk

Woman, 65, who crawled 2km for pension to receive it at home: Official

The video of Pathuri Dehury from Raisuan gram panchayat in Keonjhar district crawling to a local panchayat office for her pension four days ago, had gone viral on social media

The video of Pathuri Dehury from Keonjhar district crawling to a local panchayat office went viral four days ago. (HT sourced photo)

cities

Published on Sep 24, 2024 03:15 PM IST

ByDebabrata Mohanty

NPS Vatsalya: How your child can get more than ₹10 crore for retirement

The NPS Vatsalya scheme allows parents to contribute as little as ₹1,000 annually in the child's name, making it accessible for families from all backgrounds

Parents can now use the NPS Vatsalya scheme, a pension scheme designed for minors, to secure the future of their children(Representational Image/Pixabay)

business

Published on Sep 21, 2024 01:11 PM IST

ByHT News Desk

NPS Vatsalya for minors to launch in two weeks, find all its details here

NPS Vatsalya, originally proposed in the Union Budget 2024 is a modified version of the National Pension System (NPS), designed specifically for minors

Under this scheme, parents or guardians can open an NPS account for their children, making regular contributions until the child turns 18. (Representational Image/Pixabay)

business

Published on Sep 06, 2024 12:25 PM IST

ByHT News Desk

EPS pensioners to get pension from any bank or branch from January 1, 2025

The proposed Centralized Pension Payment System (CPPS) has been approved, allowing a national centralized system of pension payouts through any bank or branch

The EPFO also anticipates that switching to this new system will result in large cost savings in terms of pension payouts. (Representational Image/Pixabay)

business

Published on Sep 06, 2024 09:16 AM IST

ByHT News Desk

New single unified pension form launched, nine forms merged into one for ease

The new pension form called Form 6-A can be filled through the Bhavishya portal with just a single e-Sign or an Aadhaar based OTP) being enough

The Bhavishya platform is the base for a Common Single Window Portal for pensioners and elderly citizens. (Representational Image/Pixabay)

business

Updated on Aug 31, 2024 03:36 PM IST

ByAbhyjith K. Ashokan

NPS won't be rolled back, UPS is to improve it: FM Nirmala Sitharaman

There is no compulsion for states to adopt it and there will be no change in tax treatment under the UPS, Nirmala Sitharaman said

Union Finance minister Nirmala Sitharaman hopes most states would adopt the UPS (Ajay Aggarwal/HT)

business

Updated on Aug 28, 2024 04:23 PM IST

ByHT News Desk

Cong's ‘U stands for Modi govt's U-turn' jab at Centre's Unified Pension Scheme

The Centre on Saturday approved the ‘Unified Pension Scheme’ (UPS) for government employees.

india news

Published on Aug 25, 2024 03:45 PM IST

ByHT News Desk

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pension news

Latest from pension

An Irish woman fraudulently claimed her late mother's pension for three years, using the money for grave flowers.

The EPFO has established a centralised database and after conducting necessary testing, the UPI frontend for EPFO claims may get rolled out by the end of May.

The PFRDA has notified that the Unified Pension Scheme (UPS) for central government employees will become operational from April 1, 2025.

The Centre is reportedly working on a ‘universal pension scheme’ that all Indian citizens will be able to avail, NDTV reported.

LIC smart pension plan: LIC launched the LIC Smart Pension Plan (Plan No. 879) on February 18, 2025.

UPS will be available to eligible central government employees who are already enrolled in the NPS as an option.

8th Pay Commission: The 8th Central Pay Commission (CPC) will come into effect from January 1, 2026

8th Pay Commission: The government recently approved the formation of the 8th Pay Commission to revise salaries of central government employees and pensioners

For this, a delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on January 10 , 2025, as part of a pre-budget consultative meeting

The newly introduced Centralised Pension Payments System (CPPS) is expected to benefit 78 lakh EPS pensioners with its convenience.

A historic Supreme Court judgement allowed many Employee Pension Scheme (EPS) members to apply for a higher pension, but not all were successful in getting it

An Austrian couple was found to have committed welfare fraud by marrying and divorcing over 12 times to exploit a loophole.

The Employee Provident Fund Organisation (EPFO) will revamp and introduce multiple policies for the EPFO 3.0 version.

According to the source, the social security pension, meant for the poor and elderly, is being received by gazetted officers, including assistant professors.

A retired BMC employee hasn't received retirement dues for nine months despite a court order, prompting a union appeal for resolution.

New clarifications have been issued for the process of changing the name of the spouse in the pension records of retired government employees.

The central government has announced a 3% DA hike for employees and pensioners, bringing it to 53% of the basic pay, compared to 50% earlier

The centre has released new NPS contribution guidelines for periods of suspension, periods of unpaid leave, probation, and many others

The previous DA hike of 4% was announced in March, and was effective from January 2024

The fraudsters use WhatsApp to send fake forms to the pensioners and then claim that unless those forms are filled, their pension payments will get stopped

Senior central government pensioners aged 80 and above can now submit their Annual Life Certificate from October 1 instead of the usual November 1

The government revised the CGHS rates for crucial medical devices like Deep Brain Stimulation (DBS) implants, Intra-Thecal Pumps, and Spinal Cord Stimulators

The new proposal comes in the light of the financial burden retiring employees face when required to make a big one-time contribution to avail CGHS benefits

The video of Pathuri Dehury from Raisuan gram panchayat in Keonjhar district crawling to a local panchayat office for her pension four days ago, had gone viral on social media

The NPS Vatsalya scheme allows parents to contribute as little as ₹1,000 annually in the child's name, making it accessible for families from all backgrounds

NPS Vatsalya, originally proposed in the Union Budget 2024 is a modified version of the National Pension System (NPS), designed specifically for minors

The proposed Centralized Pension Payment System (CPPS) has been approved, allowing a national centralized system of pension payouts through any bank or branch

The new pension form called Form 6-A can be filled through the Bhavishya portal with just a single e-Sign or an Aadhaar based OTP) being enough

There is no compulsion for states to adopt it and there will be no change in tax treatment under the UPS, Nirmala Sitharaman said

The Centre on Saturday approved the ‘Unified Pension Scheme’ (UPS) for government employees.

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