Topic
pension
Finance India Proposes Universal Provident Fund for Gig Workers and Self-Employed
The Employees' Provident Fund Organisation (EPFO) is working on a universal provident fund scheme for unorganised sector workers, gig workers, and the self-employed. The scheme would allow flexible contributions, tax benefits similar to EPFO, and a systematic withdrawal plan. If implemented, it could be one of the most significant expansions of India's social security framework.
Finance Pension Services Go Multilingual as PFRDA Rolls Out AI-Powered Grievance Platform
Pension sector regulator PFRDA has launched 'PFRDA Pension Sahayak', an AI-powered grievance redressal platform that supports 22 Indian languages via voice commands, integrated with Bhashini. The platform includes automated escalation of unresolved complaints and is part of the NextGen CPGRAMS initiative.
Capita's Pension Delays Cause Distress for UK Widows
Capita's takeover of the Civil Service Pension Scheme has led to significant delays, causing distress for widows like Kay Donald. The backlog of cases has left many without expected payments, impacting financial stability and causing emotional distress.