Pension Scheme  

Atal Pension Yojana is a great opportunity for building a retirement fund as it provides a steady income at old age. Similar to this, there are various investment schemes available that can help you spend your golden years in comfort. Let’s read about some of them.

The central government launched the National Pension System in the year 2004. NPS works as a market-linked scheme and offers advantages of building a retirement fund while also providing pension benefits.

Saving money is crucial for many reasons. It’s an important way to keep yourself motivated and disciplined.

The Ministry of Youth Affairs and Sports is implementing ‘Pension to Meritorious Sportspersons’ scheme, Sportspersons who are Indian citizens and have won medals in Olympic Games, Commonwealth Games, Asian Games and World Cups/World Championships (in Olympic and Asian Games disciplines) and Paralympic Games, are eligible for lifelong monthly pension after they attain the age of 30 years or retire from active sports, whichever is later.

Government of India has introduced two voluntary and Contributory Pension Schemes, Pradhan Mantri Shram Yogi Maan-dhan Yojna, (PM-SYM), a pension scheme for the Unorganised Workers and National Pension Scheme for the Traders and Self Employed Persons (NPS-Traders)

For old age protection in the form of monthly pension, Ministry of Labour & Employment has launched Pradhan Mantri Shram Yogi Maan-dhan Yojana which is a voluntary and contributory pension scheme for providing monthly minimum assured pension of Rs. 3,000/- on attaining the age of 60 years. 

The ED told a court here on Thursday that former finance minister P Chidambaram, lodged in Tihar jail in the INX Media corruption case, is not required to be arrested at this stage in the money laundering case. Prime Minister Narendra Modi on Thursday lauded the team of Varun Dhawan-starrer "Coolie No 1" for their decision to go plastic-free. Varun had announced the initiative on September 1 and had also urged his other Bollywood counterparts to do the same. Watch MyNation in 100 seconds for a glimpse into the top headlines of the day.

 

Days after 25 legislators were sworn-in as ministers in the Cabinet, Andhra Pradesh chief minister YS Jaganmohan Reddy held his first cabinet meeting on Monday (June 10).

The government has roped in CSC e-Governance Services India Ltd for mobilising and registering beneficiaries across India. The SPV has a network of over 3.13 lakh CSCs across India.

Palaniswami appealed to teachers who went on strike under the banner Joint Action Council of Tamil Nadu Teachers' Organisation Government Employees Organisations (JACTO-GEO) and have demanded scrapping of the contributory pension scheme and reverting to the old pension plan, payment of arrears and addressing anomalies in pay. 

The JACTO-GEO members have decided to sit out of their work to fulfil their demands, which includes the reversal of their contributory pension scheme and payment of arrears.

In 2017, Narendra Modi launched Pradhanmantri Vaya Vandana Yojana — a pension scheme subsidised by the government. Senior citizens can opt for pension on a monthly, quarterly, half-yearly or annual basis under this scheme, which has a guaranteed rate of return of 8 per cent per annum for ten years.

The government staff and teacher unions plan an indefinite strike from Tuesday over pending dues and the new pension scheme. However, Tamil Nadu CM Edappadi K Palaniswami appealed to them not to protest as it would affect the relief work for the victims of Cyclone Gaja