Public Sector Pensions

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  Government Hikes Pension Payouts For Families Of Bank Employees To 30%

  The contribution of employer (public sector banks) in the National Pension Scheme (NPS) for employee pensions is also hiked to 14 per cent from the earlier 10 per cent.

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  IL&FS Asked To Furnish Details Of PF Investment In "Amber" Entities: Report

  Thousands of crores of money of more than 15 lakh employees of both public and private sector companies is invested in IL&FS bonds.

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  Rs 1, 465 Crore Paid To Ex-Servicemen As First Instalment Under OROP

  Top public sector lender, the State Bank of India, today released arrears worth Rs 1,465 crore to 7.75 lakh defence pensioners under One Rank One Pension (OROP) scheme, as per the government rules.

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  Reliance Infra to Sell 49% in Mumbai Power Business to Canadian Fund

  Reliance Infrastructure said on Monday it had agreed to sell 49 percent of its Mumbai power operations to Canada's Public Sector Pension Investment Board.

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  Furnish Life Certificate in November Every Year: Government to Pensioners

  All pension payments are subject to rules and procedures prescribed by the government(s), RBI and the concerned departments/organisations from time to time.

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  1,774 People Above 100 Years Drawing Pension From Public Sector Banks

  As many as 1,774 people who are above 100 years draw pension from public sector banks, government said today.

• Cabinet Clears Three Social Security Schemes

  The Union Cabinet on Wednesday gave approval to three mega social security initiatives - one pension and two insurance schemes - to be launched by Prime Minister Narendra Modi on May 9.

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  No More Attestation by Gazetted Officers for Certificates in Puducherry

  Puducherry government on Thursday dispensed with the system of gazetted officers attesting copies of cerificates of candidates applying for admission to educational institutions or for jobs in government departments, Public Sector Undertakings (PSUs) or local and autonomous bodies.

• Sebi Wants Public Sector Undertakings' Cash in Mutual Funds: Report

  To help channelise more funds for long-term investment purposes, capital market regulator Securities and Exchange Board of India (Sebi) has suggested the government to allow all PSUs to park their surplus cash in mutual funds, and has sought a uniform tax treatment for all pension funds.

• Group Ministers on MTNL, BSNL revival to meet on January 8: report

  The GoM, headed by Finance Minister P Chidambaram, in their third meeting decided on pension issues plaguing both the public sector units along with refund for wireless broadband spectrum worth more than Rs 11,000 crore to MTNL and BSNL.

• Tamil Nadu to fill over two crore vacancies in government organisations: Minister

  Tamil Nadu has over two crore vacancies across many government organisations ranging from the bank sector to the CBI, Minister of State for Personnel, Public Grievances and Pensions, V Narayanasamy, said in Chennai on Saturday.

• Pranab to review performance of public sector banks tomorrow

  Mukherjee would meet with chiefs of public sector banks and financial institutions to review their performances.

• Greece approves tough salary, pension cuts

  Greece's Parliament late on Tuesday approved new cuts in public sector pensions and government spending required to secure a second package of international rescue loans.

• Millions of workers to go on strike today

  Other demands in the charter of the trade unions demands amendment to the Minimum Wages Act, provision for pensions, abolition of contract-based appointments and for putting an end to the disinvestment process of profit-making public sector undertakings (PSUs).

• Two million public sector workers in Britain strike over pension cutbacks

  Public sector workers in Britain staged what is being billed as the biggest strike in decades on Wednesday to protest the cash-strapped government's plans to recast their pensions in an effort to reduce the cost to taxpayers.