Pension

NPS Big Update!

NPS Big Update! Retired Central Government Employees To Get 50% Assured Pension!

Finance and Economy, News and Updates, Pension / By / June 14, 2024

In March 2023, the government formed a committee chaired by Finance Secretary T V Somanathan to explore measures to strengthen NPS benefits without returning to the non-contributory and economically unsustainable Old Pension System (OPS). The committee was formed after some states dropped the NPS favourable of the OPS. According to news sources, the central government …

NPS Big Update! Retired Central Government Employees To Get 50% Assured Pension! Read More »

NPS vs Mutual Funds!

NPS vs Mutual Funds! Which is best for Retirement Planning?

Investing, Mutual Funds, Pension, Retirement Planning / By / May 7, 2024

Aren’t we all worried about our futures? People may say that only love can cherish your old hood phase but is that true? Money may not bring joy but we shall all agree that it brings stability and assurance! However we all know we are empowered by the government via the NPS( National Pension Scheme) …

NPS vs Mutual Funds! Which is best for Retirement Planning? Read More »

Central Government Approved EPFO Rates at 8.15% in 2022-2023

Central Government Approved EPFO Rates at 8.15% in 2022-2023

News and Updates, Pension, Retirement Planning / By / July 24, 2023

Recently, the center has cleared the interest rate of 8.15% of EPF funds, which was decided earlier in the year on March 28 by the Central Board of Trustees (CBT). The Ministry of Labour and Employment of the Government of India has cleared by a report on July 24 referring to this matter under para …

Central Government Approved EPFO Rates at 8.15% in 2022-2023 Read More »

NPS Benefits

NPS Benefits – You Should Know before Your Retirement

Pension, Retirement Planning / By / July 15, 2023

The Pension Funds Regulatory & Development Authority (PFRDA) governs the national pension saving scheme. A voluntary investment helps an individual get an extended income monthly after retirement. Once the income tenure gets completed, an individual can get a lump sum amount out of the NPS giving an ultimate value of income after retirement. Benefits of …

NPS Benefits – You Should Know before Your Retirement Read More »

401(k) Plan

401(k) Plan: A Comprehensive Guide to Retirement Savings

Pension, Planning, Retirement Planning / By / July 7, 2023

If you’re an employee working in America, you can take the incentive of the employee’s retirement savings plan. It was introduced in 1978 with the name of the provision of the Revenue Act, 1978.  In this act, if an employee serves under a company, he will get a particular percentage of his paycheck deducted for …

401(k) Plan: A Comprehensive Guide to Retirement Savings Read More »

National Pension Scheme Benefits

(NPS) National Pension System: Benefits, Interest Rate and Eligibility

Investing, Pension, Section 80C, Tax Saving / By / February 2, 2023

A public defined contribution retirement savings plan is known as a National Pension System (NPS). The NPS wants to encourage people to make retirement savings a habit. Putting money into this financial instrument will increase your wealth while also reducing your tax burden. In this article, we shall cover the the necessary details regarding NPS. …

(NPS) National Pension System: Benefits, Interest Rate and Eligibility Read More »