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Government drags feet on one-rank-one-pension, war veterans upset

The eight lakh-odd ex-servicemen of Punjab, Haryana and Himachal Pradesh have gone from joyous celebration to angry resentment in just two-and-a-half months, thanks to the UPA government not keeping its word on the one-rank-one-pension (OROP) scheme.The government had promised to get OROP off the ground on April 1, just before elections were announced with an initial allocation of Rs 500 crore to meet...
Source : Times Of India |
Category : National | City : Chandigarh

Pension Bill tabled in Parliament, will it be third time lucky?

Finance Minister P. Chidambaram tabled the Pension Fund Regulatory and Development Authority Bill 2011 in Lok Sabha today. The Pension Bill aims to create a regulator for the pension sector and extend the coverage of pension benefits to more people. The Pension Bill has been hanging fire since 2005 when it was first introduced in the Parliament. It was again reintroduced in 2011.The Pension Fund R...
Source : Ndtv |
Category : Others

What is the National Pension System (NPS)?

the name suggests, NPS (formerly New Pension Scheme) is a pension system that was launched by the government on April 1, 2004....
Source : Times Of India |
Category : Business

Lok Sabha okays pension fund bill

passed the Pension Fund Regulatory and Development Authority Bill (PFRDA), 2011 to regulate the New Pension System (NPS)....
Source : Webindia123 |
Category : Headlines

One Rank One Pension: Ex-defence personnel ask why it was not implemented earlier

Rank One Pension: Ex-defence personnel ask why it was not implemented earlierThe UPA 2 government while presenting the Vote-on-Account yesterday, accepted a very long awaited demand of defence sector by approving 'One Rank, One Pension' (OROP) scheme and allocating Rs 500 cr for the implementation of the same. Looks like the government very well knows the timing of when to pull the rabbit out of the...
Source : Merinews |
Category : National

One lakh ex-servicemen of Jammu feel cheated: BJP

today said about one-lakh ex-servicemen across Jammu have been cheated due to non- implementation of One Rank One Pension Policy (OROP). Approximately one lakh ex-servicemen feel let down and cheated due to non-implementation of One Rank One Pension policy, whose revised deadline for implementation expired today, BJP leader Brig (Retd) Anil Gupta here today...
Source : Webindia123 |
Category : Headlines

Belated bounty for veterans in poll run-up

- ‘One rank, one pension’ announcement a gimmick, say rivals; services doubt sincerity of govtThe politics of reaching out to nearly three crore voters may have led to the announcement of “one rank, one pension” (OROP) for veteran soldiers but both the ex-servicemen and those serving in the forces feel the government still has a long way to go.Finance minister P. Chidambaram has proposed voting in...
Source : Telegraphindia |
Category : National | City : Mon

‘One rank one pension’: Will it have an impact in North India?

a pre-election sop to try to mop up votes of an estimated 25 lakh ex-servicemen across the country, the UPA government on Monday — after years of refusal — finally relented and announced the grant of “one rank one pension” in principle and in totality in the Interim Budget for 2014-15 prospectively henceforth.OROP essentially means payment of the same pension (according to rank) to ex-servicemen i...
Source : Asianage |
Category : National | City : New Delhi

Rajya Sabha passes Pension Bill: How it affects you

Rajya Sabha today passed the Pension Fund Regulatory and Development Authority (PFRDA) Bill, which will help extend pension cover to more citizens of the country through PFRDA's New Pension Scheme (NPS).The main objective of the bill is to help extend pension cover to more citizens of the country through PFRDA's New Pension Scheme (NPS). Currently just 12 percent of the workforce in the country has...
Source : Ndtv |
Category : Others

I am self-employed: will I qualify for the new flat-rate state pension?

'Will my wife and I qualify for the new flat-rate state pension? I've written to Iain Duncan Smith and even he couldn't explain!'I have been self-employed my whole life and am due to reach the state pension age on March 28, 2015.Because I'm self-employed, I am entitled to just the basic state pension, and not the second state pension (S2P).Reading about the new state pension it looks as though my wife...
Source : dailymail |
Category : Business
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