Search results
Results from the WOW.Com Content Network
Based on a study of social pensions in three states (Delhi, Haryana and Uttar Pradesh) in 2014, the World Bank [47] makes a case for scaling up social pensions in India. The study raises four important points regarding expanding coverage of social pensions: "First, an expansion in coverage by adding more numbers (as Haryana has done) is likely ...
In case of death or permanent disability during work, the dependent gets a monthly pension throughout their life. [4] Most retired employees buys lifetime annuity or pension plan with the lump-sum amount from state-owned banks or insurance companies which provides them with a monthly pension amount that's close to 50% of their last salary for a ...
In case of death or disability during work, the dependent or the disabled employee gets a monthly pension throughout their life. The pension schemes guarantees a basic minimum pension for the employees life after retirement. Retirement age currently stands at 60 in all establishments covered by the EPFO. [10]
The recruitment to the service is made on the basis of an annual competitive examination conducted by Uttar Pradesh Public Service Commission. One-third of PFAS quota is filled by promotion from Audit and Accounting officers' cadre. PFAS officers, regardless of their mode of entry, are appointed by the Governor of Uttar Pradesh.
Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness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 government funded the pension benefit for its retired ...
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 ...
The Governor of Uttar Pradesh is appointed for a period of five years and appoints the Chief Minister of Uttar Pradesh and their council of ministers, who are vested with the executive powers of the state. The governor remains a ceremonial head of the state, while the chief minister and their council are responsible for day-to-day government ...
"For instance, consider the states of Bihar, Madhya Pradesh, Rajasthan, Orissa and Uttar Pradesh: despite accounting for over half the poor in the country, these states access only a third of the resources spent on the MGNREGS in 2015–2016" [1] MGNREGS is a welfare scheme. However, this issue is easier to resolve if UBI is implemented through ...