Search results
Results from the WOW.Com Content Network
Old Pension Scheme (OPS) in India was abolished as a part of pension reforms by Union Government.Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness Allowances (DA) etc. OPS was an unfunded pension scheme financed on a pay-as-you-go (PAYG) basis in which current revenues of the ...
It also guaranteed pensions of ₹ 6,000 (US$72) to the elderly, disabled, and widows, and that the restoration of the old pension scheme for the government employees. For the youth, the party promised 2 lakh government jobs and eradication of drugs from the state.
The Unified Pension Scheme (UPS), introduced by the Government of India in 2024 as an optional pension scheme along with the National Pension System (NPS) for the government employees, it aims to provide a comprehensive and centralised pension system for Central government employees. The scheme is designed to consolidate various existing ...
Meanwhile, the National Pension Lawyer’s Network, an affiliate of the Pension Rights Center, is a free service that can refer you to lawyers who take pension cases, sometimes pro bono. Employee ...
For premium support please call: 800-290-4726 more ways to reach us
Senior Citizens: Congress promised reimplementation of the Old Pension Scheme, which it did in Rajasthan and Chhattisgarh. [64] Citizens above 75 years of age will be given special social security pension. [65] Tourism: A new policy will be started to promote tourism in villages, "Smart Village" project will be started. [65]
Reimplementation of the Old Pension Scheme, which it did in Rajasthan, Chhattisgarh and Himachal pradesh. Increase of reservation for SC/ST/OBC from 50% to 75%; Restoration of 4% Muslim quota, over and above their OBC quota which was removed by the BJP ₹2,000 a month to the female head of families (known as, "Gruha Lakshmi" scheme [177]).
The Acts and Schemes framed under it are administered by the Central Board of Trustees, which consists of representatives of Central and State governments, employers, and employees. The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9]