Pension Reform News - Latest Updates & Headlines
Govt staff under Unified Pension Scheme to get gratuity benefits: Minister
New Delhi, June 18: Central government employees covered under the Unified Pension Scheme will now be eligible for retirement and death gratuity benefits, Union Minister of State (Independent Charge) for Personnel, Public Grievances, and Pensions, Dr Jitendra Singh, announced on Wednesday.
Madhya Pradesh govt to adopt Unified Pension Scheme, forms six-member panel
Bhopal, April 29: After Maharashtra, the Madhya Pradesh government is also going to implement the Unified Pension Scheme (UPS) for its state's employees.
Private sector subscribers under NPS cross over 12 lakh in FY25
New Delhi, April 23: The National Pension System (NPS) has achieved significant growth of private sector subscriber enrolment of over 12 lakh during 2024-25, taking total subscriber number to over 165 lakh by March 2025, according to the government.
French government considers scrapping retirees' tax break in 2026 budget
Paris, April 20: The French government is considering the elimination of a 10 per cent tax reduction granted to pensioners on their annual income declarations, as part of its efforts to achieve Euro 40 billion in savings under the 2026 budget plan.
Retirement from government service doesn't mean you are retired as a citizen: Union Minister Jitendra Singh
Guwahati, April 10: Union Minister Jitendra Singh on Thursday said that retirement from government service should not be seen as an end but a transition into a new role as contributors and partners to nation-building.
NPS corpus shoots up to Rs 14.4 lakh crore: PFRDA chairman
New Delhi, April 5: The National Pension System (NPS) has emerged as a cornerstone of India's pension sector with an accumulated corpus of Rs 14.4 lakh crore and 8.4 crore subscribers under NPS and the Atal Pension Yojana (APY), according to PFRDA chairman Deepak Mohanty.
EPFO empanels 15 more banks for direct payment of collections
New Delhi, April 1: The EPFO on Tuesday entered into agreements with 15 additional banks, both in the public and private sector, to enable direct payment of nearly Rs 12,000 crore in annual collections and provide direct access to employers who maintain their accounts with these banks, to pay their monthly contributions.
EPFO to integrate UPI, expand pension access, and enhance EPI benefits: Labour and Employment Secretary Sumita Dawra
New Delhi, March 25: The Employees' Provident Fund Organisation (EPFO) is set to introduce UPI integration for claims processing, a move aimed at enhancing efficiency and reducing transaction time, Labour and Employment Secretary Sumita Dawra said on Monday.
Unified Pension Scheme set to roll out from April 1, to benefit 23 lakh employees
New Delhi, March 24: From April 1, Central government employees with at least 25 years of service will be eligible for a fixed pension equal to 50 per cent of their average basic salary from the last 12 months before retirement under the new Unified Pension Scheme (UPS).
PFRDA notifies operationalisation of Unified Pension Scheme with effect from April 1
New Delhi, March 20: The Pension Fund Regulatory and Development Authority (PFRDA) has officially notified the operationalisation of the Unified Pension Scheme under NPS Regulations 2025.
Uttarakhand Cabinet approves implementation of Unified Pension Scheme
Dehradun, March 4: The Uttarakhand Cabinet, under the chairmanship of Chief Minister Pushkar Singh Dhami, has approved the implementation of the Central Government's Unified Pension Scheme for officers and employees in the state. The decision was taken during a cabinet meeting held on Monday, officials said.
Rabri Devi leads Oppn protest; demands increased pensions, free power in Bihar budget
Patna, March 3: Ahead of the 2025-26 Bihar budget presentation, Opposition MLCs led by former Chief Minister Rabri Devi staged a protest in the Legislative Council Portico on Monday.
TN govt employees likely to observe strike tomorrow over old pension scheme
Chennai, Feb 24: Tamil Nadu government employees, including members of the Joint Action Council of Tamil Nadu Teachers Organisation and Government Employees Organisation (JACTO-GEO), have given the state government until 8 PM on Monday to respond to their demands.
Four TN ministers to hold talks with state govt employees associations over their demands
Chennai, Feb 23: Tamil Nadu Chief Minister M.K. Stalin has deputed four cabinet ministers to hold discussions with representatives of various state government employees' associations regarding their demands.
Assam govt to roll back New Pension Scheme, announces CM Sarma
Guwahati, Jan 26: Assam Chief Minister Himanta Biswa Sarma on Sunday announced that the state government is set to roll back the new pension schemes, and instead, the Central government's Unified Pension Scheme will be implemented for employees from April.
Top level EPFO meeting takes stock of CITES 2.01 to speed up claims
New Delhi, Jan 19: The Executive Committee of the EPF Central Board of Trustees at a meeting held here took up for discussion several important agenda items, including the progress in the implementation of the Centralized IT Enabled System (CITES), status of pension on higher wages and proposal for an Alternative Dispute Resolution (ADR) mechanism, according to a statement issued on Sunday.
Centralised Pension Payments System rolled out in all EPFO offices across India
New Delhi, Jan 4: The EPFO has completed the full-scale rollout of the new Centralised Pension Payments System (CPPS) across all its disbursing offices in a landmark move towards enhancing pension services, the Ministry for Labour and Employment said.
Centralized Pension Payments System fully rolled out in all regional offices of EPFO
New Delhi, January 3: In a move towards enhancing pension services, EPFO completed the full-scale rollout of the new Centralized Pension Payments System (CPPS) under the Employees' Pension Scheme 1995 in December 2024.