Last Updated: Tuesday, January 6, 2015, 20:46
Government needs to soon begin building a pension net for employees working in the private sector to avoid bearing the heavy fiscal burden of providing minimum sustenance to those who end up having no pension at all, Crisil Research said on Tuesday.
Last Updated: Wednesday, December 18, 2013, 19:55
"A proposal for providing a minimum pension of Rs 1,000 per month to pensioners under EPS-95 is under consideration of the government," Labour Minister Oscar Fernandes said in a written reply.
Last Updated: Monday, August 12, 2013, 21:58
This solution ensures a carefree and financially-secured retirement for an individual and the spouse, Max Life Insurance said in a statement.
Last Updated: Monday, January 21, 2013, 18:18
The plan offers customers a choice to select the premium amount, vesting date and risk profile, the private sector insurer said.
Last Updated: Monday, March 5, 2012, 18:25
MetLife India Insurance Company Monday launched a new retirement plan, which provides financial protection as well as gives guaranteed monthly income.
Last Updated: Sunday, February 12, 2012, 14:30
The retirement fund body EPFO's trustees are likely to approve this month a proposal to provide 'Contribution Card' similar to a bank pass book to its around 50 million subscribers from April 1 this year.
Last Updated: Sunday, January 29, 2012, 10:31
The number of EPFO pensioners getting a monthly pension of Rs 1,000 is 7 lakh. The data reveals that there are cases where pensioners are getting a monthly pension as low as Rs 12 and Rs 38.
Last Updated: Sunday, December 4, 2011, 13:32
Retirement fund body EPFO is mulling over fixation of the minimum pension for its subscribers at Rs 1,000 per month and the issue will be discussed by its trustees at their next meeting on December 23.
Last Updated: Monday, November 7, 2011, 22:18
Greece, India, China and Thailand are home to the weakest national pension systems in the world.
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