Download the app
App StorePlay Store
Beige
Login
← All tags

pension

NPS unveils Retirement Income Schemes and drawdown options for steadier pension cashflow

NPS unveils Retirement Income Schemes and drawdown options for steadier pension cashflow

The PFRDA has introduced Retirement Income Schemes (RIS) and new drawdown options for National Pension System subscribers, aiming for more predictable cashflow and longer corpus life after retirement. RIS is a lifecycle scheme with an annual equity glide path, cutting equity exposure from 35% at 60 to 10% at 75, then holding it till 85. Retirees can opt for periodic withdrawals from the corpus while continuing mandatory annuity payouts, but PFRDA says payouts are not guaranteed and remain market-linked.

Summarised by Beize from a story on The Economic Times on 16 May 2026
NPS annuity surrender rules ease so critical illness and older policies can exit

NPS annuity surrender rules ease so critical illness and older policies can exit

PFRDA has relaxed National Pension System annuity surrender rules. Subscribers who are dealing with critical illness can now request surrender. The regulator also allows exit under certain conditions for older annuity contracts that include an express surrender clause, giving policyholders more flexibility than before and changing how late-stage liquidity works in NPS.

Summarised by Beize from a story on The Economic Times on 14 May 2026

Your news, in seconds

App StorePlay Store
Defence civilians demand 8th Pay Commission parity with railway staff on pay promotions allowances

Defence civilians demand 8th Pay Commission parity with railway staff on pay promotions allowances

Defence civilian employees have asked the 8th Pay Commission for pay scales, promotions, and benefits on par with Railway employees. The All India Defence Employees’ Federation also wants risk and hardship allowances aligned with uniformed personnel, alongside changes covering minimum pay, pension, and medical benefits. The demand could reshape how compensation and welfare benefits are structured for defence civilians.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Centre tells Bombay HC no parity for Agniveers pension benefits for families

Centre tells Bombay HC no parity for Agniveers pension benefits for families

The Union government told the Bombay High Court that Agniveers cannot be treated on par with regular soldiers for pensionary benefits. In its response to a petition by the mother of a deceased Agniveer, the Centre argued the Agnipath scheme is a short-term engagement for national security, limiting comparable benefits for families.

Summarised by Beize from a story on The Economic Times on 11 May 2026
8th Pay Commission NPS fight grows as workers demand assured pension amid market loss fears

8th Pay Commission NPS fight grows as workers demand assured pension amid market loss fears

Central government employees are worried that the New Pension System leaves their retirement corpus exposed to market swings. The All India NPS Employees Federation has asked for an assured pension for 8th Pay Commission workers, proposing a guarantee of 50% of last-drawn salary plus DA, arguing the current NPS-linked payouts can fall short—particularly for those with shorter service or lower pay.

Summarised by Beize from a story on The Economic Times on 11 May 2026
NPS Sanchay launched for informal workers simplifies pension rules for millions

NPS Sanchay launched for informal workers simplifies pension rules for millions

PFRDA has introduced NPS Sanchay, a simplified NPS option designed for India’s informal sector employees, who make up nearly 90% of the workforce without formal pension coverage. The scheme reduces complexity in investing and asset allocation, and is open to Indian citizens aged 18 to 85, with rules largely aligned to existing NPS structures.

Summarised by Beize from a story on The Economic Times on 6 May 2026

Never miss a story

App StorePlay Store
SBI employees strike May 25 26 demands pension NPS shift and staffing overhaul

SBI employees strike May 25 26 demands pension NPS shift and staffing overhaul

SBI employees will hold a nationwide two-day strike on May 25 and 26, with unions citing staffing shortages and concerns over outsourcing of permanent roles. The AISBISF federation also raises pension parity issues under the National Pension System, alleging limited inter-circle transfers for staff hired after 2019, alongside demands including recruitment for messengers and armed guards.

Summarised by Beize from a story on The Economic Times on 5 May 2026
EPFO speeds up claims and may raise minimum pension under EPS 95

EPFO speeds up claims and may raise minimum pension under EPS 95

Labour and employment minister Mansukh Mandaviya said EPFO settled 6.103 million claims in April 2026, with 74% of PF advance requests handled in auto mode and 98.70% of claims settled within 20 days. The push is powered by EPFO 3.0, a digital overhaul for instant, paperless withdrawals. He also indicated the minimum pension under EPS-95 could be raised.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
8th Pay Commission meets today as unions push Rs 72000 minimum and fitment factor up to 4

8th Pay Commission meets today as unions push Rs 72000 minimum and fitment factor up to 4

The 8th Pay Commission is holding a high-level meeting in New Delhi to shape a major salary overhaul for central government employees. Union groups are pressing for a fitment factor up to 4.0 and a minimum basic pay of Rs 72,000. More than 1.1 crore employees and pensioners are awaiting key recommendations after today’s discussions begin a three-day consultation process.

Summarised by Beize from a story on Republic on 28 Apr 2026
Chennai widow denied extra dearness allowance HC rules she already got it twice

Chennai widow denied extra dearness allowance HC rules she already got it twice

A Chennai widow’s lawsuit seeking Dearness Allowance (DA) on her regular pension was dismissed by the Madras High Court. The court found she was already receiving DA on both her family and regular pensions, making the additional claim incorrect. Noting that a single individual cannot claim two DA allowances, the HC upheld the rejection of her request.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Reading on mobile?

App StorePlay Store
NPS Swasthya Pension revised rules now mandate health cover and emergency exits

NPS Swasthya Pension revised rules now mandate health cover and emergency exits

Revised NPS Swasthya Pension Scheme PoC 2 guidelines have come into effect, making health insurance benefits mandatory for subscribers. The scheme remains a voluntary, contributory option open to any Indian citizen, investing contributions for retirement while enabling medical support through partial withdrawals for expenses and a 100% lump-sum exit in emergencies.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Jharkhand High Court orders salary withheld after 13 year pension delay over missing service book

Jharkhand High Court orders salary withheld after 13 year pension delay over missing service book

The Jharkhand High Court has directed withholding a district officer’s salary until a retired clerk receives his pension and retirement benefits, which were delayed for 13 years because his service book was missing. The court said earlier orders were not followed by the transport department, and it imposed the action to force compliance and ensure the employee’s dues are paid.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
NPS pensioners get medical allowance in bank automatically no bill submissions needed

NPS pensioners get medical allowance in bank automatically no bill submissions needed

NPS pensioners and family pensioners will now receive the Fixed Medical Allowance directly into their bank accounts. The transfer is automatic, removing the need to submit medical bills. The change is designed to simplify claims and ensure timely support for eligible retirees and their families under the NPS framework.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play