In the section of good news for operations, we are eagerly waiting for updates on the Old Pension Scheme (OPS). Prime Minister Narendra Modi has made a huge move to assist employees who can be regarded as financially insecure.
New IRDA Directive on the Old Pension Scheme
There is a new circular by the government concerning the Old Pension Scheme, something many employees have been waiting for. This is, in effect, expected to restore the pension scheme and bring a lot of relief.
Grand Happiness for All the Government Employees
Every man dreams of retiring with no financial worries when he is old. Overall, it can be helpful for the workers who come under the category of the economically weaker section of society. That’s why, through APY, they are sure to have financial prosperity once they are old enough to join the services.
Advantages of the Atal Pension Scheme
According to it, citizens in their later ages, from the labor and workers’ segment, will be able to receive a guaranteed income. This guarantees that even families who are economically struggling can be provided with a pension once they are old.
The government has taken up the Old Pension Scheme.
In this endeavor undertaken by the government, the intention is to provide relief to those citizens who, after a point in their lives, get bogged down by the problem of more expenses than income. For as little as Rs. 42 every pound, private sector workers can lock their futures with this scheme.
This scheme is eligible for those people who are in the age bracket of 18 to 40 years and below the rank of a Joint Director in Government Services. Those interested in the Atal Pension Scheme should be between the ages of 18 and 40,, have a bank account, and meet the KYC norms.
