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  2. National Pension System - Wikipedia

    en.wikipedia.org/wiki/National_Pension_System

    The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who ...

  3. Pension Fund Regulatory and Development Authority - Wikipedia

    en.wikipedia.org/wiki/Pension_Fund_Regulatory...

    The PFRDA ensures the orderly growth and development of pension market. PFRDA have set up a Trust under the Indian Trusts Act, 1882 to oversee the functions of the Pension Fund Managers (PFMs). The NPS Trust is composed of members representing diverse fields and brings wide range of talent to the regulatory framework.

  4. Unified Pension Scheme - Wikipedia

    en.wikipedia.org/wiki/Unified_Pension_Scheme

    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 ...

  5. How do pensions work? - AOL

    www.aol.com/finance/pensions-164241459.html

    Does your employer offer a pension plan? Learn how they work and what to look for.

  6. Pensions in India - Wikipedia

    en.wikipedia.org/wiki/Pensions_in_India

    The NPS started with the decision of the Government of India to stop defined benefit pensions, Old Pension Scheme (OPS) for all its employees who joined after 1 January 2004. The employee contributes 10% of his gross salary to the system while the employer contributes a matching amount.

  7. 'I cannot afford to retire': State retirees will make their ...

    www.aol.com/cannot-afford-retire-state-retirees...

    According to the pension calculator, if I retire at 67 years old after 42 years of dedicating myself to public service, my pension will be $42,000 per year," wrote Christine Nardi. "I shutter [sic ...

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