INSUBCONTINENT EXCLUSIVE:
NPS is a pension-cum-investment scheme regulated by the Pension Fund Regulatory and Development Authority
The Union Cabinet on Monday raised government contribution towards the National Pension System (NPS) to 14 per cent
The move, which will lead to higher payouts, is expected to benefit 18 lakh central government employees, the Ministry of Finance said in a
The mandatory contribution by the central government for its employees covered under the National Pension System Tier-1 accounts currently
Making the National Pension System more attractive will facilitate the government in attracting and retaining the best talent, the statement
Here are 10 things to know about the Cabinet raising government's NPS contribution:The Cabinet also gave nod to an increase
entire withdrawal from NPS on maturity exempt from income tax.At present, 40 per cent of the total accumulated corpus utilised for purchase
Out of 60 per cent of the corpus withdrawn by the NPS subscriber at the time of retirement, 40 per cent is tax-exempt and but the remaining
employees.The latest changes in NPS rules will cost the exchequer around Rs
implemented immediately after "critical decisions are taken in consultation with the other concerned ministries/departments".The proposed
changes in NPS will also lead to an increase in old-age security in a time of rising life expectancy, it said.New entrants to central
government service after January 1, 2004 are covered under the National Pension System (NPS).The Committee of Secretaries, constituted to
pension-cum-investment scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA).For the latest News Live Updates
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