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National Pension System

Pension Budget 2024 Expectations: FM May Offer Guarantee Under NPS; Central Government Employees Likely to Get 50% of Last Pay Drawn as Pension

Article ArdorComm Media Group Pension Budget 2024 Expectations: FM May Offer Guarantee Under NPS; Central Government Employees Likely to Get 50% of Last Pay Drawn as Pension

The government plans to provide 50% of the final pay drawn as pension for central government employees enrolled in the National Pension System (NPS). This effort addresses their worries about the pension payout, even though the current scheme offers attractive returns for those who remain invested for 25-30 years, especially for those recruited after 2004, …

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Karnataka Government Honors Commitment, Implements Old Pension Scheme for 13,000 Employees

News on Government 5 1 ArdorComm Media Group Karnataka Government Honors Commitment, Implements Old Pension Scheme for 13,000 Employees

In a significant move, the Karnataka government has officially announced the implementation of the Old Pension Scheme for approximately 13,000 state government employees who were recruited after 2006. This decision comes as a fulfillment of Chief Minister Siddaramaiah’s commitment made during a strike by government employees opposing the introduction of the new pension scheme. 2006 …

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