Pension

Central Government Approved EPFO Rates at 8.15% in 2022-2023

Central Government Approved EPFO Rates at 8.15% in 2022-2023

Recently, the center has cleared the interest rate of 8.15% of EPF funds, which was decided earlier in the year on March 28 by the Central Board of Trustees (CBT). The Ministry of Labour and Employment of the Government of India has cleared by a report on July 24 referring to this matter under para …

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NPS Benefits

NPS Benefits – You Should Know before Your Retirement

The Pension Funds Regulatory & Development Authority (PFRDA) governs the national pension saving scheme. A voluntary investment helps an individual get an extended income monthly after retirement. Once the income tenure gets completed, an individual can get a lump sum amount out of the NPS giving an ultimate value of income after retirement. Benefits of …

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401(k) Plan

401(k) Plan: A Comprehensive Guide to Retirement Savings

If you’re an employee working in America, you can take the incentive of the employee’s retirement savings plan. It was introduced in 1978 with the name of the provision of the Revenue Act, 1978.  In this act, if an employee serves under a company, he will get a particular percentage of his paycheck deducted for …

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National Pension Scheme Benefits

(NPS) National Pension System: Benefits, Interest Rate and Eligibility

A public defined contribution retirement savings plan is known as a National Pension System (NPS). The NPS wants to encourage people to make retirement savings a habit. Putting money into this financial instrument will increase your wealth while also reducing your tax burden. In this article, we shall cover the the necessary details regarding NPS. …

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What is Pension Scheme

What is Pension Scheme? Types Of Pension Plans? Retirement and Pension!

PensionOne of the most common ways in which an individual receives amounts at the time of retirement is a pension. A pension is a regular payment received by an individual from an entity who can either be his employer or some other institution like a mutual fund or an insurance company. Pension plays a very …

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