Three of America’s largest public pension systems have urged Elon Musk to change SpaceX’s planned governance before its IPO. New York State Comptroller Thomas DiNapoli, New York City Comptroller Mark Levine and California PERS CEO Marcie Frost say the proposed structure gives Musk outsized control, including voting dominance and veto power over his removal, plus litigation protections such as mandatory arbitration. They also warn Musk’s cross-company leadership could create conflicts. The IPO is projected to be the biggest ever, targeting $75 billion raised at a $1.75 trillion valuation.
Maharashtra has revised its NPS scheme for state employees, with assured retirement benefits for those joining by December 2026. Employees with 20 years of service can receive 50% of their last drawn salary as pension, while a minimum Rs 7,500 monthly pension is guaranteed for 10 years. The update also details conditions around family pension, gratuity, and corpus access.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Forty years after Chernobyl, women recruited from the Rivne Nuclear Power Plant to cook for cleanup crews still carry the fallout. They reported radiation exposure, health problems, and troubling handling of worker food—often wasted, sometimes contaminated, and occasionally smuggled out. Decades later, these cooks are still battling for promised pensions, highlighting the disaster’s long afterlife.
The 8th Central Pay Commission has released its meeting schedule for May and June 2026 across Hyderabad, Srinagar, and Ladakh. Employee unions and organizations can submit pay, pension, and allowance demands through an online process. The memorandum submission deadline has been extended to May 31, 2026, alongside appointment booking conditions that applicants must follow carefully.
The 8th Pay Commission has begun consultations to overhaul salary and pension structures for central government employees and pensioners. Chaired by Justice Ranjana Prakash Desai, the panel has set May 31, 2026 as the cutoff for stakeholder feedback through the MyGov portal. Though revised pay scales are effective from January 1, 2026, the final report is scheduled by May 2027.
Atal Pension Yojana (APY) has crossed a historic milestone with over 9 crore subscribers. Enrolments hit their highest level in FY 2025-26 since the scheme began in 2015. APY promises a guaranteed monthly pension of up to Rs 5,000 after age 60, with spouse coverage and returns to nominees—aimed at broader social security for working Indians.
Never miss a story
Set alerts for the topics and sources you care about. Download Beige for free.
Swipe through stories, personalise your feed, and save articles for later — all on the app.