New Pension Scheme

Government allows premature withdrawal from New Pension Scheme Fund. Subscribers are now eligible for three partial withdrawals during the period of subscription under National Pension System (NPS), each withdrawal not exceeding 25 per cent of the contributions. The Government has allowed premature withdrawal from New Pension Scheme Fund. A subscriber is now eligible for … [Read more...] about Government allows premature withdrawal from New Pension Scheme Fund.

Withdrawal from New Pension Scheme Government has allowed premature withdrawal from New Pension Scheme Fund. A subscriber is eligible for three partial withdrawals during the period of subscription under National Pension System (NPS), each withdrawal not exceeding twenty-five percent of the contributions made by the subscriber and excluding contributions made by the … [Read more...] about Withdrawal from New Pension Scheme

New Pension Scheme Requires Govt Employees To Contribute 10% Of Monthly Wages; Draws Criticism The new pension scheme has ruffled a lot of feathers. Government employees all over the country have been vocal about their concerns in regard to the new scheme. As reported by The Wire against the Rs 9,000 minimum guaranteed amount under the old scheme, employees will get as less as … [Read more...] about New Pension Scheme Requires Govt Employees To Contribute 10% Of Monthly Wages; Draws Criticism

Why Govt Employees Are Up in Arms About the New Pension Scheme Unlike the old scheme, government employees are now forced to fund half of their pension themselves. This has caused indignation and sparked widespread protests.  On November 16, Union minister Piyush Goyal was reportedly hounded out of an event in Lucknow by railway employees. Among other issues, the protesters … [Read more...] about Why Govt Employees Are Up in Arms About the New Pension Scheme