Page 657 - Pensions News Today

Liabilities in Government-managed schemes totalled €508.8bn, or 156% of GDP, at the end of 2018. 

GARHWA: In Banshidhar Nagar sub-division of Garhwa district, government pensioners and the deceased were ‘availing’ ration through the public distribution system (PDS). For instance, Santosh Bandhari from Koljhiki panchayat, who had died years ago, was allegedly procuring ration meant for BPL people from PDS dealer Arti Mahila Vikas Samiti. Similarly, Sudarshan Ram, a government pensioner, was drawing ration meant for the underprivileged. Savita Devi, the mukhiya of Koljhiki panchayat, sa...

The challenge of ballooning defence pensions in India Photo: iStockPremium Share Via Read Full Story The Union budget was rightly praised for its honesty and transparency, for its boldness in ignoring the largely unfounded fear of a sovereign credit rating downgrade, and also for its clear articulation of a privatization strategy. Of course, much euphoria was on account of the relief of no new taxes, not even a covid cess, nor a wealth tax on the super-rich. But as the dust and euphoria settles...

Not moving fast can derail the Railways Railways Changing tracks   -  BISWARANJAN ROUT× Capex has to be well executed, given the cost of borrowings. The salaries and pensions outgo is unsustainable Faced with parlous finances prior to the pandemic outbreak, Indian Railways needs to seize the moment, adapt its mammoth, moribund apparatus to operate in a new paradigm amidst emerging competition, volatile customer demands, besides rapidly evolving technologies. The Railways needs to first ack...

The politics of pay, pension and second pensions Top Story February 6, 2021 ISLAMABAD: Under the Financial Rules in vogue since British times, officials who were re-employed after retirement were entitled to draw only a ‘pay differential.’ But during General Zia’s dictatorship, these rules were changed to allow full pay in addition to a pension to the re-employed. Sources in the civil bureaucracy say that even ex-servicemen employed on civil posts were allowed by the Zia regime to draw ...

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National February 5, 2021 KARACHI: After reports of large scale corruption and embezzlement in various district accounts offices in the head of pension, the Finance Division has devised some new Standard Operating Procedures (SOPs) to bring transparency and ease in the pension payment process. The State Bank Director, Asif Mehmood, in his letter conveyed the amendments in previous SOPs of Finance Division for the Direct Credit System of pension to all the presidents and chief executives (copy ...

SUKKUR: Sindh High Court , Sukkur bench, on Wednesday heard the petition of pensioners seeking immediate release of their pensions. Hearing the plea filed by the pensioners to release their...

Australia's pension assets decreased for the first time in a decade in the financial year ending June 2020, as workers withdrew on their savings to weather the coronavirus crisis, the sector regulator said in a report on Friday.

Read the full digital edition here Cover feature – The future of vertical integration Providers running in-house advice arms, platforms and model portfolios seem to have found a formula for success. But are their clients getting the short end of the stick? Editor’s view – A fond farewell Justin Cash says goodbye in his final editorial and […] 8 1 Good morning and welcome to your Morning Briefing for Thursday, 8 April, 2021. To get this in your inbox every morning click here. Cavalier...