Pension System News - Latest Updates & Headlines
Pension AUM in India to reach Rs 118 lakh crore by 2030, NPS to constitute 25 pc
Mumbai, Feb 22: India's pension assets under management (AUM) is expected to reach a massive Rs 118 lakh crore by 2030, with the National Pension System (NPS) likely to constitute approximately 25 per cent of this total, according to a new report.
Centre notifies Unified Pension Scheme for govt staff
New Delhi, Jan 26: The Union Finance Ministry has notified the operationalisation of the Unified Pension Scheme (UPS) as an option under the National Pension System (NPS) for Central government employees with effect from April 1, which will ensure them guaranteed retirement benefits.
Centralised Pension Payments System rolled out in all EPFO offices across India
New Delhi, Jan 4: The EPFO has completed the full-scale rollout of the new Centralised Pension Payments System (CPPS) across all its disbursing offices in a landmark move towards enhancing pension services, the Ministry for Labour and Employment said.