Increase in NPS Contribution from 10% to 14% – Addendum to Gazette Notification

Increase in NPS Contribution from 10% to 14% – Addendum to Gazette Notification

Increase in NPS Contribution – The monthly contribution would be 10 percent of the Basic Pay plus Dearness Allowance to be paid by the employee and 14 percent of the Basic Pay plus DA by the Central Government – Gazette Notification MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 31st January, 2019…

Five Important things to know about Post office National Pension System

Five Important things to know about Post office National Pension System

India Post or Department of Posts, the postal system of the country, offers several savings schemes. It also offers the facility of opening an account under National Pension System (NPS), said India Post its official website, indiapost.gov.in. NPS is a retirement savings scheme, which is regulated by the Pension Fund Regulatory and Development Authority. Under…

7th Pay Commission – Big changes made in National Pension System (NPS)

7th Pay Commission – Big changes made in National Pension System (NPS)

7th Pay Commission – The Centre has been making changes in the National Pension System (NPS) to make it more employee friendly. 7th Pay Commission: Lakhs of state government employees have been demanding the restoration of the old pension scheme. Conceding to the rising pressure, the Centre has been making changes in the National Pension System…

Changes made in the NPS will have a big impact on retirement planning

Changes made in the NPS will have a big impact on retirement planning

The biggest challenge for individuals retiring in our country has been the lack of a social security system to provide a meaningful family pension income post retirement. Unfortunately, this challenge may still take time to get addressed. The second biggest challenge for savings towards retirement has been creating portfolios that beat inflation. Inflation is to…