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This is over and above tax benefit under Section 80C; and is exclusive to NPS. [49] Employer co-contribution up to 10% of basic and DA under Section 80CCD(2) in the Old Tax Regime. [50] Employer co-contribution up to 14% of basic and DA under Section 80CCD(2) in the New Tax Regime. [51]
The scheme is currently in annual surplus. According to projections published 27 January 2023 by the NPS, at the current contribution rates and replacement rate, surpluses are projected to remain until 2041, and the fund to remain solvent until 2055. Due to demographic changes projected to continue, in order for the scheme to remain solvent in ...
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Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness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 ...
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The NPS has twelve administrative regions. [4] Each region provides oversight and guidance to the park units within its geographic area. They were established in 2018 following a Department of Interior-wide reorganization that created unified regions for all of the departments' bureaus. [5] The NPS formerly had seven administrative regions.
The National Park Service (NPS) is an agency of the United States federal government, within the US Department of the Interior.The service manages all national parks; most national monuments; and other natural, historical, and recreational properties, with various title designations.
A pair of tourists from Colorado are facing federal charges after they allegedly stole numerous historic artifacts from a national park in Utah.. Roxanne McKnight, 39, and Dusty Spencer, 43, are ...
A Staten Island, New York, family has experienced a whirlwind of emotions after police incorrectly told them that their loved one had been killed in a car crash.