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Hindi News Business Atal Pension Yojana Extended Until 2031 | Investment For Monthly Pension New Delhi2 minutes ago copy link Atal Pension Yojana (APY) has been extended till financial year 2030-31. Its increase was approved in the Union Cabinet held today i.e. on January 21. Under this scheme, after turning 60, one gets a pension…
NPS Annuity Planning: The National Pension System (NPS) Tier I account focuses on retirement planning of an NPS account holder. It allows an account holder to withdraw up to 60 per cent of their retirement corpus in the form of a lump sum amount at 60 years of age. From the remaining minimum 40 per…
The Employee Pension Scheme (EPS) is a pension scheme where employees receive a pension based on their years of service after the age of 58. Alternatively, you can take an early pension at 50 years of age. The pension fund is contributed to by both employers and employees. Let’s assume the salary of the individual…
UPS Pension Calculations: Central government employees had National Pension System (NPS) as their default setting for the pension scheme. But they can now select Unified Pension Scheme (UPS) also. If they are already in NPS, they can also switch to UPS. Pensioners getting their payout under NPS can also switch to UPS. Unlike NPS, which…
The monthly pension for an employee is determined by their service period, which is taken up to the next year if their service period is six months or more. For instance, a service period of 10 years 7 months would be taken as 11 years. Taking an employee drawing a basic salary of Rs 68,000…
The Employee Pension Scheme (EPS) is a retirement plan managed by the EPFO that provides a monthly pension to employees after they turn 58. You can also opt for an early pension at the age of 50. Under this scheme, both employees and employers contribute to the Employees’ Provident Fund (EPF), with a portion of…
The Employee Pension Scheme (EPS) provides a monthly pension to employees after age 58, based on their salary and years of service. For a basic salary of Rs 68,000, the monthly pension would vary depending on the years of service. Let’s calculate the pension for 15, 28, and 32 years of service to understand the…
The Finance Ministry today (Friday, May 30, 2025) said that the central government NPS subscribers who retired on or before March 31, 2025, with a minimum of 10 years of qualifying service, or their legally wedded spouse, can claim the following additional benefits under Unified Pension Scheme (UPS), over and above the NPS benefits already…
The Employee Pension Scheme (EPS) gives you a fixed income after retirement. You can start receiving a pension at 58 or opt for early pension at 50. If you leave your job 10 years before turning 58, you can withdraw the pension amount in one go at 58. Let’s calculate your monthly pension with a…