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Pension
07:17
Showing posts with label Pension. Show all posts
Showing posts with label Pension. Show all posts
Wednesday, 11 March 2020
Saturday, 20 July 2019
Pensioners
08:01
Call Centre for Central Government Pensioner
Call Centre for Central Government Pensioner
Thursday, 4 July 2019
Pension
08:32
Pension Coverage to Trading Community
Pension Coverage to Trading Community
Posted On: 03 JUL 2019 5:07PM by PIB Delhi
Retail is one of the primary forces driving India’s economy. As per Indian Brand Equity Foundation (IBEF) analysis, 2019, retail industry contributes 10 per cent to the country’s Gross Domestic Product (GDP) and around 8 per cent to employment. It is also extensively linked with other labour-intensive sectors, such as agriculture, food and beverage, textiles, construction, real estate, and logistics. Further, it indirectly generates job opportunities in allied (retail-related) sectors, including warehousing, logistics and packaging.
The Government has approved a pension scheme for shopkeeper’s/ retail traders and self-employed persons for providing monthly minimum assured pension of ₹3000/- for the entry age group of 18-40 years. It is a voluntary and contribution based central sector scheme. The salient features of the scheme are:
(i) All shopkeepers/retail-traders/ self-employed persons in the age group of 18-40 years are eligible to be the member, on self-declaration.
(ii) A shop keeper/ retail-trader /self-employed person if registered with GSTN, his/ her firm’s annual turnover should not exceed ₹1.5 crore.
(iii) He/she should not be an income tax payee.
(iv) He/she should not be a member of EPFO/ESIC/NPS/PM-SYM.
(v) The Central Government’s share will be matching to the subscriber’s contribution
This information was given by the Minister of Commerce and Industry, PiyushGoyal, in a written reply in the Lok Sabha.
Source:PIBNEWS
Tuesday, 5 February 2019
Railway Employees News
07:28
Revision of Pension w.e.f 01.01.2006:Retired From 5th CPC Scale 6500-10500/-reg
Revision of Pension w.e.f 01.01.2006:Retired From 5th CPC Scale 6500-10500/-reg
Saturday, 22 December 2018
Withdrawal from Service
08:53
NPS Withdrawal Norms
NPS Withdrawal Norms
The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Keeping in view the possibility of sudden financial needs of the subscribers, the requirement of minimum period under National Pension System (NPS) for availing the facility of partial withdrawal from the mandatory Tier-I account of the subscriber has been reduced from 10 years to 3 years from the date of joining w.e.f. 10th August, 2017. The minimum gap of 5 years between two partial withdrawals has also been removed w.e.f. 10th August, 2017. A subscriber is eligible for three partial withdrawals during the period of subscription under NPS, each withdrawal not exceeding twenty-five percent of the contributions made by the subscriber and excluding contributions made by the employer. There is, however, no restriction on withdrawals from the Tier-II account of the subscriber.
The extent and purpose for which partial withdrawals from the Tier-I account under NPS are permissible are as under:
Purpose
for higher education and marriage of his or her children including a legally adopted child;
for the purchase or construction of a residential house or flat in his or her own name or in a joint name with his or her legally wedded spouse. In case, the subscriber already owns either individually or in the joint name a residential house or flat, other than ancestral property, no withdrawal under these regulations shall be permitted;
for treatment of specified illnesses: if the subscriber, his legally wedded spouse, children, including a legally adopted child or dependent parents suffer from any specified illness, which shall comprise of hospitalization and treatment in respect of the following diseases:
(a)Cancer;
b)Kidney Failure (End Stage Renal Failure);
(c)Primary Pulmonary Arterial Hypertension;
(d)Multiple Sclerosis;
(e)Major Organ Transplant
(f)Coronary Artery Bypass Graft;
(g)Aorta Graft Surgery;
(h)Heart Valve Surgery;
(i)Stroke;
(j)Myocardial Infarction;
(k)Coma;
(l)Total blindness;
(m)Paralysis;
(n)Accident of serious/ life threatening nature
(o)Any other critical illness of a life threatening nature as stipulated in the circulars, guidelines or notifications issued by the Authority from time to time.
Towards meeting the expenses by subscriber for skill development/re-skilling or for any other self-development activities.
Towards meeting the expenses by subscriber for establishment of own venture or any start-ups.
To meet medical & incidental expenses arranging out of disability or incapacitation suffered.
Limits
The subscriber should have been in the National Pension System at least for a period of three years from the date of his or her joining;
The subscriber shall be permitted to withdraw accumulations not exceeding twenty-five per cent of the contributions made by him or her and standing to his or her credit in his or her individual pension account, as on the date of application for withdrawal;
Frequency
The subscriber shall be allowed to make partial withdrawals for a maximum of three times during the entire tenure of subscription under the NPS. There is, however, no minimum time gap now stipulated between two partial withdrawals.
This was stated by Shri Ship Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha .
Source:PIBNEWS
Saturday, 8 September 2018
Thursday, 19 July 2018
Sports Person
22:19
Pension to Sportspersons w.e.f 01-04-2018
Pension to
Sportspersons w.e.f 01-04-2018
Minister
of State (Independent Charge) for Youth Affairs and Sports Col. Rajyavardhan
Rathore has said that government gives lifelong pension under the Scheme of
‘Pension to Meritorious Sportspersons’, sportspersons who have won medals for
the country in the international competitions only and have retired from active
sports. In a written reply in Lok Sabha today, the Minister said at present,
588 Sportspersons are getting pension. The rate of pension has been
revised with effect from 1.4.2018. The rate of pension has been doubled of the rates of pension existing
earlier.
The revised rates of
pension with effect from 1.4.2018 are as under:
S.
No.
|
Category
of meritorious sportspersons
|
Rate
of Pension
(Rs./per
month)
|
1
|
Medallists
at the Olympic Games / Para Olympic Games
|
20,000
|
2
|
Gold
medallists at the World Cup/World Championship* in Olympic and Asian Games
disciplines
|
16,000
|
3
|
Silver
and Bronze medallists at the World Cup in Olympic and Asian Games disciplines
|
14,000
|
4
|
Gold
medallists of the Asian/ Commonwealth Games/Para Asian Games
|
14,000
|
5
|
Silver
and Bronze medallists of the Asian/Commonwealth Games/ Para Asian Games
|
12,000
|
* World Cup/World
Championship held once in four year only shall be considered.
Source:PIBNEWS
Thursday, 21 June 2018
Saturday, 2 June 2018
Sunday, 8 April 2018
Saturday, 31 March 2018
Wednesday, 21 February 2018
seventh pay commission
06:58
Revision of Provisional Pension Sanctioned under Rule 69 of the CCS(Pension) Rule 1972
Revision of Provisional Pension Sanctioned under Rule 69 of the CCS(Pension) Rule 1972
Source:Department Of Pension and Pensioners Welfare
Sunday, 28 January 2018
Saturday, 28 October 2017
PoP
09:17
PFRDA:Increase Pension Coverage &Incentives Payable to POPs,NPS
PFRDA:Increase Pension Coverage &Incentives Payable to POPs,NPS
PFRDA
takes a new initiative to increase pension coverage by increasing the
incentives payable to Points of Presence (POPs), the principal distributive
points for NPS.
Pension Fund Regulatory and Development Authority (PFRDA) has
taken several initiatives in the past few years to increase pension coverage in
the country, notably introducing e-NPS, reducing minimum contribution levels,
new investment instruments, aggressive life cycle funds etc. PFRDA has now taken a further step in this direction by increasing
the incentives payable to Points of Presence (POPs), the principal distributive
points for National Pension System (NPS).
|
Principal Distribution Point
|
Services offered
|
Current Charge
|
New Charge
|
|
POP
|
Initial Subscriber Registration*
|
Rs. 125/-
|
Rs. 200/-
|
|
Initial Contribution
|
0.25% of the contribution Min: Rs.
20/- & Max : Rs.25,000/-
|
0.25% of the contribution Min: Rs.
20/- & Max : Rs.25,000/-
|
|
|
All Subsequent Contribution
|
|||
|
All Non-Financial Transaction
|
Rs. 20/-
|
Rs. 20/-
|
|
|
Persistency*
|
-----
|
Rs. 50/- per annum (only for NPS-All
Citizen)
|
|
|
e-NPS* (for subsequent contributions)
|
0.05% of the contribution Min Rs 5/-
& Max Rs 5000/- (Only for NPS- All Citizen and Tier-II Accounts)
|
0.10% of the contribution Min Rs 10/-
& Max Rs 10000/- (Only for NPS- All Citizen and Tier-II Accounts)
|
*Changes
effected
A new incentive towards increasing persistency has been introduced
under which POPs will receive an incentive of Rs. 50/- per account per annum
for every account which continues to contribute a minimum of Rs 1000/- in a
financial year.
PFRDA believes that the renewed incentive will help in increasing
the reach of pensions in India, through the efforts of Points of presence
(POPs).
Source:PIBNEWS
Wednesday, 11 October 2017
Pension Adalat -2017
08:29
PENSION ADALAT ON 15.12.2017 -NORTHERN RAILWAY
|
PENSION ADALAT ON 15.12.2017 -NORTHERN RAILWAY
10-10-2017
|
|
|
NORTHERN RAILWAY TO HOLD PENSION ADALAT ON 15.12.2017
|
|
To address the grievances of retired railway officials, Northern
Railway holds the Pension Adalat or Pensioners Grievances Tribunal each year.
In the current year, the Pension Adalat shall be held during working hours on 15.12.2017 for
which last date of receiving the applications is 31.10.2017.
The Pension Adalat shall
be held at the Zonal Headquarters Office at Baroda House, New Delhi and at all
its’ Divisional Headquarters Offices i.e. Delhi, Firozpur, Ambala, Lucknow and
Moradabad on the same day.
The Zonal Headquarters
Office, Baroda House, New Delhi shall adjudicate on the grievances pertaining
to employees retired from Headquarters Office of Northern Railway. They
may send their complaints to Dy.CPO/HQ/Northern Railway. Employees, retired
from Divisional Office and offices under the control of DRM may send their
complaints to Sr.DPO of the respective division, retired from workshops
may send their complaints to Sr.DPO of the division in whose territory the
workshop is located. The complaint application should, however, be
addressed to Dy.CPO/HQ, Sr. DPO/Dy.CPO & SPO/Workshop as the cases may
be. The envelop carrying the complaint should be super-scribed -
PENSION ADALAT – 2017.
Address of Dy. Chief Personnel Officer(HQ) Northern Railway,
Headquarters Office and Senior Divisional Personnel Officer of Divisional Head
Quarters are mentioned as below :
|
Dy.Chief Personnel
Officer( HQ)
Northern
Railway, Headquarters Office
Baroda House,
Kasturba Gandhi Marg
New Delhi-110001
|
Senior Divisional Personnel
Officer
Division Railway
Manager’s Office
Northern Railway,
Hazrat Ganj
Lucknow-226001
|
|
Senior Divisional
Personnel Officer
Division Railway
Manager’s Office
Northern Railway,
Station Road
Firozpur
Cantt.-152001
|
Senior Divisional
Personnel Officer
Division Railway
Manager’s Office
Northern Railway,
Rail Vihar
Ambala Cantt.,
Ambala-133001
|
|
Senior Divisional
Personnel Officer
Division Railway
Manager’s Office
Northern Railway,
State Entry Road
New Delhi-110055
|
Senior Divisional
Personnel Officer
Division Railway
Manager’s Office
Northern
Railway,(Near Railway Stadium)
Moradabad-244001
|
Source:Northern Railway
Wednesday, 20 September 2017
Pensioners
07:30
Dr.Jitendra Singh to Inaugurate 'Pension Adalat', Mobile App for Pensioners
Dr.Jitendra Singh to Inaugurate 'Pension Adalat', Mobile App for Pensioners
Dr Jitendra Singh to inaugurate first ‘Pension Adalat’ tomorrow
Pensioners for outstanding contribution towards ‘Anubhav’ to be awarded
Mobile App to avail the services of Pensioners’ Portal also to be launched
The Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh will inaugurate the first ‘Pension Adalat’ here tomorrow. He will also award the Pensioners for their outstanding contribution towards ‘Anubhav’ – a platform for retiring employees for sharing their experience of working with Government. Moving ahead from e-governance to m-governance, a Mobile App has been created to avail the services of Pensioners’ Portal which will also be launched by Dr Jitendra Singh tomorrow. As a measure of welfare to the pensioners of Government of India, a workshop on Pre-Retirement Counseling (PRC) of 300 retiring Central Government employees is also scheduled to be held. The event is being organized by Department of Pension & Pensioners’ Welfare, Ministry of Personnel, Public Grievances and Pensions, Government of India.
The objective of this workshop is to create awareness about the post-retirement entitlements as well as an advance planning for life after retirement. There will be four interactive sessions which will cover inter-alia, the road map to retirement, medical facilities for pensioners, re-engagement of retired people for voluntary social activities under ‘Sankalp’. There will be another session on Income Tax and other benefits for senior citizens as well as investment and financial planning for retired people and the Importance of writing a Will.
The Pension Department in this programme will launch the first of a series of Pension Adalats which is being convened with the objective of bringing on a common table the aggrieved pensioner, the concerned department, the bank or CGHS representative, wherever relevant, so that such cases can be settled across the table within the framework of extant rules.
The Mobile App to be launched tomorrow will be extending all the services meant for the pensioner, which are currently available on the Pensioners’ Portal of the department, to the mobile handset. With this App, a superannuating Central Government official will be able to monitor the progress of his pension settlement, and retired officials will be able to self-assess their pension through the pension calculator and will also be able to register their grievances, if any, and get updates on orders issued by the Department.
The ANUBHAV AWARDS 2017 will be presented to 17 pensioners for their contribution towards creating institutional memory for the departments. Anubhav scheme had been instituted on the call of Prime Minister Shri Narendra Modi to encourage retiring/retired employees to submit their experiences while working in the government with the objective to create an institutional wealth for the government for future governance as well as to enthuse and inspire the future generations of government officials in their respective assignments.
Source:PIBNEWS
Friday, 8 September 2017
Pension
07:29
LONG PENDING ISSUES OF THE CENTRAL GOVERNMENT EMPLOYEES: NC (JCM) WRITES TO THE CABINET SECRETARY
LONG PENDING ISSUES OF THE CENTRAL GOVERNMENT EMPLOYEES: NC (JCM) WRITES TO THE CABINET SECRETARY
Tuesday, 5 September 2017
Thursday, 6 July 2017
Sunday, 18 June 2017
seventh pay commission
11:35
EXTENDING THE BENEFIT OF PENSION REVISION TO THE EMPLOYEES AND OFFICERS WHO ARE ABSORBED IN THE CENTRAL PUBLIC SECTOR UNDERTAKINGS – LATEST POSITION
EXTENDING THE BENEFIT OF PENSION REVISION TO THE EMPLOYEES AND OFFICERS WHO ARE ABSORBED IN THE CENTRAL PUBLIC SECTOR UNDERTAKINGS – LATEST POSITION
Department of Pension and Pensioner’s Welfare has issued OM No. 38/37/2016 – P&PW (A) (ii) dated 04.08.2016 regarding implementations of the Seventh Central Pay Commission – Revision of Pension of Pre-2016 pensioners and Family Pensioners etc. In para 7 (a) of aforesaid OM, it was mentioned that –
“Where the Government servants on permanent absorption in public sector undertakings/Autonomous bodies continue to draw pension separately from the government, the pension of such absorbes will be updated in terms of these orders. In cases where the Government servants have drawn one time lump-sum terminal benefits equal to 100% of their pensions and have become entitled to the restoration of one-third commuted portion of pension as per the instructions issued by this Department from time to time, their cases will not be covered by these orders. Orders for regulating pension of such pensioners will be issued separately.”
In the orders dated 10.09.2016 of Hon’ble Supreme Court in Civil Appeal No. 6048/2010 Shri K. Ganesan Vs Union of India, it was mentioned that ----
“Having heard learned Counsel for the appellants, and having persued the record of the case, we find no justification whatsoever to interfere with the impugned order, directing restoration of 2/3rdin respect of the respondent herein, after expiry of the requisite period of commutations. The instant appeal is accordingly dismissed.”
In the same order dated 01.09.2016 of Hon’ble Supreme Court in Civil Appeal No. 6371 of 2010 Shri K. L. Dhall & Anr Vs Union of India, it is stated that ----
“Heard Learned casual for the rival parties. In view of the dismissal of Civil Appeal No. 6048 of 2010 by us today (Union of India and another Vs K. Ganeshan (dead) By Lrd), this appeal has to be accepted. Accordingly, the instant appeal is allowed. The impugned order of the High Court is set aside. It is directed that the appellants shall be entitled for restoration of their 2/3rd Portion after the expiry of the requisite period of commutation.”
After consultation with Department of Expenditure and Department of Legal affairs, two Review Petitions have been filed by the Government in the Hon’ble Supreme Court vide Review Petitions No. 465/2017 and Review Petition 472/2017 against the order dated 01.03.2016 of Hon’ble Supreme Court in Civil Appeal No. 6048/2010 (Shri K. Ganesan Vs Union of India) and Civil Appeal No. 6371 of 2010 (Shri. K. L. Dhall & Anr Vs. Union of India). The Review petition came up for hearing in the Hon’ble Supreme Court on 22.03.2017. The Hon’ble Supreme Court has dismissed both the Review Petition vide order 22nd March 2017.
Government has now informed that since, the above orders dated 01.09.2010 of Hon’ble Supreme Court has a bearing on the question of revision of one-third restored pension of the absorbed pensioners, no orders for the revision of one-third pension in such cases could be issued so far. The matter would be examined in the light of dismissal of the Review Petitions mentioned above.
(M. Krishnan)
