Why the New Pensions Act, 2008? – SSNIT

Why the New Pensions Act, 2008?

Published on 01 December, 2015.

To provide pension benefits to ensure retirement income security for workers.
To ensure that every worker receives retirement benefit as and when due.
To establish a uniform set of rules and standards for the administration, payment of retirement and related benefits for workers.

The New Pension Scheme (FAQ)

What is this new Pension Scheme?

Why the New Pensions Act, 2008?

What is The 3-Tier Scheme

What are the contribution rates and how are they distributed between the Employer and Employee?

Who can become a member?

Who is exempted from the Act 766?

What are the features of the scheme?

What are the benefits under Act 766?

What are the qualifying conditions for the Superannuation Pension?

What are the qualifying conditions for the Invalidity Pension?

What are the qualifying conditions for the Survivor's Lumpsum Benefit?

What are the workers' obligation?

Who is an employer?

What are the employer's obligation under Act 766?

Can the self-employed or any contributor fix any arbitrary salary for himself?

What is Pension?

What is the National Pension Regulatory Authority?

What is a Trust?

Who is a trustee?

What is a Pensioner's Certificate?

Under the Social Security Pension Scheme What information can you update?