Atal Pension Yojana (APY) amended to give an option to the spouse to continue to contribute for balance period on premature death of the subscriber; After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years…
EPFO vide its circular no. 1164 dt. 9th Apr-15 has suspended the minimum monthly pension of INR 1000 to its pensioners and has asked its field officers to release pension at earlier rates without considering minimum monthly pension provision. Earlier in Sep-14, a scheme for minimum pension of INR 1000 was launched for those who…
Last year in Nov-14, I was thinking of taking a Pension Fund for my retirement. National Pension Scheme (NPS), a Govt. pension scheme, I had heard a lot about it. It is just I heard about NPS and heard that it is an Govt. Scheme. I searched about it on google, I found something very…
No Interest on EPS (Employee Pension Scheme) I have already mentioned that a part of employer’s share goes into EPS. People usually think that they get interest on entire PF amount contributed by Employee and Employer. But actually this is not true. Contribution to EPS out of Employer Share does not earn any interest. But…
Pension It has already written in one of the previous post that a part of Employer Share actually goes to EPS (Employee Pension Scheme). One can get pension from his/ her provident fund. But there certain conditions which are: He/ She has completed the age of 58. He/ She has been member of EPF for…