There is a persistent nationwide demand for the restoration of the Old Pension Scheme (OPS). Amidst this, the Central ...

APW above Rs 8 lakh and up to Rs 12 lakh: Up to Rs 6 lakh can be taken as lump sum, and the remaining amount must be used for annuity or withdrawn in a phased manner through systematic unit redemption ...

The National Pension System (NPS) is an Indian federal government-sponsored pension cum investment scheme aimed at protecting the citizens of India as they reach their old age. It is a pure retirement ...

The Centre has said around 69 lakh central government pensioners are still under the Old Pension Scheme, while about 50,000 ...

There has been growing discussion around OPS and NPS in recent years, especially among government employees. The Centre has ...

With only about 1.22 lakh central government employees opting for the Unified Pension Scheme (UPS) so far, employee unions ...

The National pension system (NPS) is a contributed retirement planning scheme, which is regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and the Union Government of India.

PFRDA revises NPS charges, including NPS Vatsalya and NPS Lite, with a one-time onboarding fee and annual asset-based fee. Digital onboarding may cut costs.

By creating distinct frameworks for government and private-sector employers, regulator aims to streamline the National Pension System ...