PFRDA increases age limit to 65 years to join National Pension Scheme
PFRDA increases age limit to 65 years to join National Pension Scheme
The Pension Fund Regulatory And Development Authority (PFRDA) Has Increased The Maximum Age Of Joining The National Pension System (NPS) For Subscribers To 65 Years.
News Nation Bureau | Edited By : Deepak Mahato | Updated on: 01 Nov 2017, 11:48:13 PM
New Delhi:
The Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday increased the upper age limit for joining the National Pension System (NPS) to 65 years from the current 60 years.
The NPS was open for people between 18 years and 60 years. The new scheme has the option of continuing and making contributions up to the age of 70
What are the major changes being proposed to the NPS?
The story so far: Started as the New Pension Scheme for government employees in 2004 under a new regulator called the Pension Fund Regulatory and Development Authority (PFRDA), the National Pension System (NPS) has been open for individuals from all walks of life to participate and build a retirement nest-egg. Given the dominance of informal employment in India, the Employees’ Provident Fund Organisation, which is contingent on a formal employer-employee relationship, only covers a fraction of the workforce. The NPS has been gradually growing in size and now manages ₹5.78 lakh crore of savings and 4.24 crore accounts in multiple savings schemes. Of these, over 3.02 crore accounts are part of the Atal Pension Yojana (APY), a government-backed scheme for workers in the unorganised sector that assures a fixed pension payout after retirement. The rest constitute voluntary savings from private sector employees and self-employed i
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AAA Around 11.58 lakh new members joined the ESIC-run social security scheme in February 2021 as against 11.78 lakh in the previous month, official data showed on Friday, giving a perspective on formal sector employment in the country. The latest data is part of a report released by the National Statistical Office (NSO). Gross new enrolments with the Employees State Insurance Corporation (ESIC) were 8.87 lakh in June 2020, 4.89 lakh in May and 2.63 lakh in April, showing the increase in enrolments after easing of the lockdown, the latest data showed. In July 2020, gross enrolments dipped to 7.63 lakh but improved to 9.5 lakh in August, 11.58 lakh in September and 12.11 lakh in October 2020. It again dipped to 9.56 lakh in November 2020.
ESIC scheme adds 11 58 lakh new members in February 2021 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
5 emerging trends in finance management education to build an efficient workforce
5 emerging trends in finance management education to build an efficient workforce
Check out these 5 emerging trends in finance management education that B-schools need to focus on.
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UPDATED: April 19, 2021 18:21 IST
Check out these 5 emerging trends in finance management education that B-schools need to focus on.
B-schools teach financial management to the management graduates and that includes aspects related to strategic planning, organising, directing, and controlling of financial undertakings in an organisation.
Management graduates also learn about applying principles of management to financial aspects in an enterprise and learn key aspects related to critical financial decisions. Aspects related to capital budgeting, capital structure and working capital management are some fundamental aspects that are taught.