Hi, I am working in the private sector and want to introduce a contributory pension scheme in our organization. Can anyone shed some light on what it's all about and what will be the company's and employees' liabilities? Also, how should we go about it?
From Saudi Arabia, Jeddah
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From Saudi Arabia, Jeddah
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Kindly go through the link regarding the pension scheme.
https://www.citehr.com/451900-supera...ml#post2029010
From India, Kota
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142https://www.citehr.com/451900-supera...ml#post2029010
From India, Kota
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Approach LIC and discuss about Superannuation Scheme. They have good schemes avaliable and you can work out a methodology
From India, Chennai
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From India, Chennai
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Hi,,,tks,,,well..just for information my sake any ideas regarding if its linked with NPS???...also if LIC is best fun manager for pension scheme or we have any another players??
From Saudi Arabia, Jeddah
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From Saudi Arabia, Jeddah
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As of today, in India, LIC is considered the best fund manager for pensions. They have been doing a commendable job for many years. While returns may be slightly lower, the options they offer are very good. I do not intend to underestimate other players, but they have yet to prove themselves in India.
From India, Chennai
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From India, Chennai
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Hello,
As per last year's IRDA ruling, the old superannuation plans are no longer adding new members. IRDA has asked insurance companies to change a few things and launch new superannuation products before they can accept new members. I'm not sure if insurance companies have launched new products. If you need more information, email me at ravi.shekhar(at)milliman.com.
Thanks,
Ravi
From India, Delhi
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As per last year's IRDA ruling, the old superannuation plans are no longer adding new members. IRDA has asked insurance companies to change a few things and launch new superannuation products before they can accept new members. I'm not sure if insurance companies have launched new products. If you need more information, email me at ravi.shekhar(at)milliman.com.
Thanks,
Ravi
From India, Delhi
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PF & Pension Amdmt Scheme 2010 for IW.pdf
Employee Pension Scheme, 1995.doc