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The Madhu Babu Pension Yojana (MBPY) is a beneficial scheme initiated under the Department of Social Security and Empowerment of Persons with Disabilities for the disabled, old age persons in the state of Odisha, India. The Madhu Babu Pension Yojana was launched by Chief Minister of Odisha, w.e.f. 01.01.2008 by merging the two pension schemes i ...
The Government of Odisha in India has come up with various programs called schemes (jojana) from time to time for the people of the State. This is a list of some of the major ones. This is a list of some of the major ones.
These establishments in Kerala are largely government offices and departments, Public sector undertakings, jointly owned entities, entities in which Government of India has stakes or shareholding, defence and strategic establishments etc. As per 2011 Census of India there are nearly 50,600 permanent central government employees in Kerala who ...
The Pension Parishad – an initiative to ensure universal pension to all workers in India – has been demanding that the Government of India establish a "non-contributory and universal old age pension system with a minimum amount of monthly pension not less than 50% of the minimum wage or ₹ 2,000 (US$24), whichever is higher." [51]
Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness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 ...
Under this scheme, employees working in the organised sector can gain pension benefit after reaching age 58. This EPS applies to new and existing members. The Scheme has been framed by the Central Government in accordance with the powers conferred by section 6A of the Employees’ Provident Funds and Miscellaneous Provisions (EPF and MP) Act, 1952.
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 ...
The Government of Odisha and its 30 districts consists of an executive, led by the Governor of Odisha, a judiciary, and a legislative branch. Like other states in India, the head of state of Odisha is the Governor , appointed by the President of India on the advice of the Central government, and their post is largely ceremonial.