Government Employees avail these benefits of new National Pension System (NPS)

Government Employees avail these benefits of new National Pension System (NPS)

National Pension System: The government employees who take retirement prior to the age of superannuation, not completing the minimum number of 20 years of service requirement, can also avail of the benefits of new National Pension System (NPS), launched in January 2004 for government employees, later opened to all. Under NPS, there is a provision…

Annual Increment for Govt Employees retiring on 30th June – Referral to Expenditure Ministry

Annual Increment for Govt Employees retiring on 30th June – Referral to Expenditure Ministry

Notional Annual Increment for Pensioners who retired on 30th June or 31st Dec after serving one year without getting annual increment on the year of retirement – After Ho’ble Supreme Court’s verdict Department Post refers the issue with Department of Expenditure

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…