Author Topic: News related to Pension  (Read 14052 times)

sheemar

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News related to Pension
« on: September 09, 2011, 02:04:58 PM »
Corrupt babus to face pension cut

New Delhi, September 8, DHNS:

Corrupt babus beware! Bribery charges may cost you your pension, if proved.

In an attempt to eliminate graft in the bureaucracy, the Centre on Thursday decided to slap a hefty fine on the guilty. According to the new provision, an official found guilty of minor charges will lose 10 per cent of pension, while those compulsorily retired as a major penalty will lose 20 per cent.

The Centre also decided to put inquiries into graft charges against public servants on fast track by eliminating multiple tiers in the consultation process.

These are among a series of measures the government will implement immediately following recommendations made in the first report of a Group of Ministers headed by Finance Minister Pranab Mukherjee. Until now, a government servant on the verge of retirement could escape inquiry after paying a minor penalty. Now, mere superannuation would not be a ground for dropping proceedings for a minor penalty.

Up to 10 per cent cut in pension comes under minor penalty and will be subject to a ceiling of five years as a life-long reduction in pension would come under the category of major penalty. The existing major penalty of compulsory retirement with full benefits may be enhanced to compulsory retirement with up to 20 per cent cut in pension.

However, officers compulsorily retired for non-performance will not suffer any cut in pension, sources said.

sureshabhi

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Re: News related to Pension
« Reply #1 on: December 19, 2011, 08:08:44 AM »
My date of joining in govt service as E.T.T. teacher is 21/12/2001. I applied for C-Dac posts in 2006. I have been selected as Punjabi Master. Now I am working as Punjabi master. Plz anybody provide me letter (Dated 24/10/2008) about pension/family pension who were already in govt service before 01/01/2004.

amarjitsingh

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Re: News related to Pension
« Reply #2 on: April 26, 2012, 10:20:59 AM »
koi ds skda h k punjab srkaar de revised family pension notification da ki bnya , kee laguu ho chukya h. reply me

RAJ

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Re: News related to Pension
« Reply #3 on: April 26, 2012, 10:50:31 AM »

RAJ

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Re: News related to Pension
« Reply #4 on: May 21, 2012, 09:15:20 PM »
The GOI notifies recommendations of Majithia Wage Boards for Pension to Media Persons
 (News posted on: 21 May, 2012)
   

New Delhi, May 21  The Ministry of Labour & Employment is responsible for constitution of Wage Boards for working journalists and non-journalist newspaper employees as per the provisions of the Working Journalists and Other Newspaper Employees (Conditions of Service) and Miscellaneous Provisions Act, 1955.
Under the Act, the Government of India constituted two wage boards (Majithia Wage Boards), one for working journalists and other for non-journalist newspaper employees in 2007. The Wage Boards submitted their report on 31.12.2010.
The Government accepted the recommendations of the Majithia Wage Boards and accordingly notified it vide S.O. No. 2532(E) dated 11/11/2011. The Wage Boards, inter-alia, recommended for implementing the pension scheme for the newspaper employees alongwith some other recommendations in Chapter XXI of the report. However, the Government has not accepted the proposal as this was beyond the mandate of the Wage Boards.
This information was given by the Union Labour & Employment Minister Shri Mallikarjun Kharge in reply to a written question in the Lok Sabha today.


RAJ

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Re: News related to Pension
« Reply #5 on: May 24, 2012, 06:00:24 PM »
न्यूनतम पेंशन 1000 रुपये होने की उम्मीद
नई दिल्ली/एजेंसी
Story Update : Thursday, May 24, 2012    12:05 AM
minimum pension is expected to be Rs 1000

कर्मचारी भविष्य निधि संगठन (ईपीएफओ) अपने करीब 5 करोड़ खाताधारकों के लिए न्यूनतम पेंशन तय करने के प्रस्ताव पर शुक्रवार को फैसला कर सकता है। इस प्रस्ताव में न्यूनतम मासिक पेंशन 1000 रुपये तय करने की बात है। ईपीएफओ के सेंट्रल बोर्ड ऑफ ट्रस्टीज की बैठक शुक्रवार को होगी। इसमें न्यूनतम मासिक पेंशन तय करने पर पड़ने वाले अतिरिक्त बोझ को साझा करने के लिए विभिन्न विकल्पों पर भी विचार किया जाएगा।

रिटायरमेंट सीमा 60 करने की मांग
ईपीएफओ ने सुझाव दिया है कि या तो पेंशन के लिए रिटायरमेंट की उम्र 58 साल से बढ़ाकर 60 साल की जाए या फिर 20 साल की पेंशन योग्य सेवा पूरी होने पर दो साल का बोनस निकाला जाए। इनमें से कोई फैसला खाताधारकों के लिए न्यूनतम 1000 रुपये की मासिक पेंशन सुनिश्चित करने में मददगार होगा। उसका कहना है कि इससे नियोक्ताओं, कर्मचारियों या फिर सरकार पर कोई अतिरिक्त बोझ भी नहीं पडे़गा। श्रम मंत्रालय से इस मुद्दे पर चर्चा के दौरान ईपीएफओ ने यह उपाय सुझाए हैं।

हालांकि यूनियनों ने कहा कि यह दोनों ही विकल्प खाताधारकों पर बोझ डालेंगे, इसलिए ट्रस्टीज की बैठक में इनका विरोध किया जाएगा। ऑल इंडिया ट्रेड यूनियन कांग्रेस के सचिव डीएल सचदेव ने कहा कि यदि रिटायरमेंट की उम्र 60 साल की जाती है, तो कर्मचारियों को दो साल और योगदान देना होगा। यदि दो साल का बोनस निकाला जाता है तो पेंशन तय करने के फार्मूला के हिसाब से उनकी पेंशन कम तय होगी।

लाखों लोग पाते हैं 500 रुपये से कम पेंशन
ईपीएफओ के आंकड़ों के मुताबिक 31 मार्च, 2010 तक उसके 35 लाख पेंशन उपभोक्ता थे। इनमें से 14 लाख लोग मासिक 500 रुपये से कम की पेंशन पा रहे थे। 1000 रुपये मासिक पेंशन पाने वाले उपभोक्ताओं की संख्या सात लाख है। आंकड़े बताते हैं कि कई लोगों को 12 रुपये और 38 रुपये की मासिक पेंशन भी मिल रही है।


RAJ

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Re: News related to Pension
« Reply #6 on: June 06, 2012, 09:53:51 PM »
Cabinet to approve new
Pension Bill on Thursday

CNN-IBN | 06-Jun 18:56 PM
New Delhi: The Cabinet is likely
to approve three amendments
proposed in the Pension Fund
Regulatory Development
Authority (PFRDA) Bill on
Thursday.
The three changes proposed in
the bill are - contributors can
withdraw funds from the
pension scheme in case of an
emergency, subscribers will be
given a minimal assured return
for the investment in their
funds and there will be a 26 per
cent cap on the FDI.
The move is being looked as a
measure to placate the
Opposition. The BJP had
opposed the bill saying the cap
was not specified in it.
« Last Edit: June 06, 2012, 09:56:25 PM by RAJ »

RAJ

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Re: News related to Pension
« Reply #7 on: June 06, 2012, 10:09:39 PM »
Govt. likely to go
ahead with pension
bill in the next
loksabha session
Seeking to dispel the impression
of policy inaction, the
government is likely to give a
push to pension sector reform by
approving changes in the
proposed PFRDA Bill so that it can
be taken up by Parliament for the
passage in the Monsoon session
next month.
The government may incorporate
a proposal in the PFRDA Bill to
ensure assured returns to
pension fund subscribers,
sources said, adding that this
would be in line with the
recommendations of the
Standing Committee on Finance.
The Cabinet meeting, scheduled
to be held Thursday, is also
expected to take a decision on
capital infusion in the Regional
Rural Banks (RRBs).
Once the changes in the pending
Pension Fund Regulatory and
Development Authority Bill, 2011
are approved by the Cabinet, it
would be taken for consideration
and passage by Parliament in the
Monsoon session which will
begin sometime in July.
The PFRDA Bill, which has been
pending for several years, seeks
to open the pension sector to
private sector and foreign
investment.
Trinamool Congress, a key ally of
the UPA, has been opposing the
reforms in the pension sector
saying it is against the interest of
common man.
The assured return clause,
sources said, would be
introduced with certain
conditions with a view to protect
the interest of policy holders.
As regards the Foreign Direct
Investment (FDI) in the pension
sector, the government has
agreed to cap the FDI limit at 26
percent in line with ceiling in the
insurance industry.
The government may also
consider the suggestion of the
Committee to provide greater
flexibility to subscribers to
withdraw funds from their
accounts, sources said.
The proposed legislation, which
was introduced in the Lok Sabha
on March 24, 2011 was referred
to the Standing Committee
headed by senior BJP leader and
former Finance Minister
Yashwant Sinha for scrutiny.
The committee wanted the
government to specify the FDI
cap in the legislation itself,
besides providing for minimum
guaranteed return to pension
subscribers.
The PFRDA Bill provides for
establishment of a statutory
authority to undertake
promotional, developmental and
regulatory functions in respect to
pension funds.
Interim PFRDA is functioning
since 2003 through an executive
order.
PFRDA, set up as a regulatory
body for pension sector, is yet to
get statutory powers as the Bill
pertaining to that effect lapsed in
Parliament with the expiry of last
Lok Sabha in 2009.
Source : PTI

RAJ

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Re: News related to Pension
« Reply #8 on: June 07, 2012, 11:29:17 AM »
Union Cabinet to discuss Pension Bill today
CNN-IBN

New Delhi: The Union Cabinet is hopeful of clearing the long-awaited Pension Bill on Thursday. The bill has been in limbo since UPA I. Sources told CNN-IBN that the Centre plans a 26 per cent cap on FDI in the pension sector and also that the Centre is likely to raise FDI in insurance to 49 per cent

The Cabinet meeting is also expected to take a decision on capital infusion in the Regional Rural Banks (RRBs).

Once the changes in the pending Pension Fund Regulatory and Development Authority Bill (PFRDA), 2011 are approved by the Cabinet, it would be taken for consideration and passage by Parliament in the Monsoon session which will begin sometime in July.

The PFRDA Bill, which has been pending for several years, seeks to open the pension sector to private sector and foreign investment.

Trinamool Congress, a key ally of the UPA, has been opposing the reforms in the pension sector saying it is against the interest of common man.

The assured return clause, sources said, would be introduced with certain conditions with a view to protect the interest of policy holders.

As regards the Foreign Direct Investment (FDI) in the pension sector, the government has agreed to cap the FDI limit at 26 per cent in line with ceiling in the insurance industry.

The government may also consider the suggestion of the Committee to provide greater flexibility to subscribers to withdraw funds from their accounts, sources said.

The proposed legislation, which was introduced in the Lok Sabha on March 24, 2011 was referred to the Standing Committee headed by senior BJP leader and former Finance Minister Yashwant Sinha for scrutiny.

The committee wanted the government to specify the FDI cap in the legislation itself, besides providing for minimum guaranteed return to pension subscribers.

The PFRDA Bill provides for establishment of a statutory authority to undertake promotional, developmental and regulatory functions in respect to pension funds.

Interim PFRDA is functioning since 2003 through an executive order. PFRDA, set up as a regulatory body for pension sector, is yet to get statutory powers as the Bill pertaining to that effect lapsed in Parliament with the expiry of last Lok Sabha in 2009.

With Additional Inputs from PTI

RAJ

  • Guest
Re: News related to Pension
« Reply #9 on: June 07, 2012, 11:29:58 AM »

 

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