NPS vs OPS: The Central Pension Accounting Office has recently released updated guidelines aimed at ensuring retired employees of the National Pension System receive their pensions in a timely manner. In a memo dated March 12, 2025, the CPAO has reiterated to officials involved in processing NPS pension cases that they should adhere to the … Read more
My father, aged 51, currently has no investments. He owns two properties and has one ongoing loan of Rs 20 lakhs. He has his money saved in the Provident Fund. His annual income is Rs 10 lakhs. Recently, a bank representative proposed a scheme whereby he would need to invest Rs 2 lakhs per year … Read more
The Centre faced much criticism when it adopted the National Pension Scheme and gradually gave up on the Old Pension Scheme. On one hand, government employees were dissatisfied with the change in policies over National Pension Scheme (NPS), several states and opposition parties were insisting on returning to OPS to woo the voters. In a … Read more
Unified Pension System: The Narendra Modi-led government has approved a new pension scheme, the Unified Pension Scheme, which will come into effect in the next fiscal year, i.e. FY2025-26. After facing much criticism for removing the Old Pension Scheme, the NDA government has introduced the Unified Pension Scheme, which amalgamates the advantages of the previous … Read more