Plan your retirement: A well-thought-out pension scheme is an integral part of your security cover.
Financial security during the sunset years is imperative, and a pension has been considered the ideal way of ensuring it. Even today, many silvers who have served in government offices, public-sector undertakings, banks and even in the corporate sector enjoy the benefit of a pension. With increased longevity over the past few decades, the fiscal burden on the Government has mounted, forcing it to introduce changes to the pension system. A pension no more remains a rightful benefit after retirement but has been turned into a contributory facility for all those who joined government service after 2004.
The National Pension System (NPS) was born in 2009. Seven years later, it’s no more a toddler. Whether its baby steps have transitioned into giant strides is a question that eludes an easy answer.
Social security
With the silver population on the rise, social security is one of the prime concerns of governments in developed countries. It won’t be an exaggeration to say that social security in India falls in the private and family domain. It is also true that most people are ignorant of the need to build a social security net for themselves. An often-raised question relates to the timing of social security provisioning. Given the compounding power of money, it is ideal to start weaving a financial security nest at a younger age. However, it won’t be late for even the middle-aged and people nearing retirement to join pension plans. At the end of the day, it’s important to lend an assured basis to the income flow in the twilight years. Given the spectrum of choices available, it would be prudent to compare various pension plans.
An array of options
Denne historien er fra November 2016-utgaven av Harmony - Celebrate Age.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra November 2016-utgaven av Harmony - Celebrate Age.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Wrapped In Love
My Dadi Meenakshi Banerji was a short and tubby woman with great gumption who raised 10 citizens of the world.
Sharing Her ‘Mettle'
To me, this bell metal vaarpu, which weighs about 80 kg and is at least 120 years old, is an enduring reminder of my paternal grandmother Aleyamma Abraham.
Medical Overload
Your doctor may walk the talk while writing out your prescriptions but here’s the thing: make sure he hasn’t prescribed one too many.
An Act Of Faith
One act of kindness can save someone’s life.’
Armed For Business
The sheer glory and glamour of the Olive Greens motivated me, a third-generation soldier, to join the Army. Thus I enlisted, brimming with enthusiasm, in 1984.
Capture the fracture
Fracture owing to osteoporosis can have a serious impact on a person’s health and quality of life. Dr Abhijit Y Pawar, consultant orthopaedic spine surgeon at Kokilaben Dhirubhai Ambani Hospital, speaks about the significance of timely intervention in preventing fractures
Friends With Benefits!
Incontinence need not interfere with life.
Yellow, Yellow, Gritty Fellows!
It was a nippy Sunday morning but nothing that would keep the rugged Delhiite away from the annual Senior Citizens’ Run supported by Harmony at the Airtel Delhi Half Marathon. Not even the mood-dampening smog that had descended on the capital a week earlier could do that! So said 74 year-old Sarla Rani and her band of regulars at the run who arrived at Nehru Stadium on the morning of 19 November even before the sun did. Soon they were joined by busloads of silvers from all over Delhi, Noida and Gurugram.
Magic By The Sea
From Lord Jagannath to oceanside beauty and green initiatives, Braja Sorensen uncovers the many layers of Puri.
Indian Rhapsody
In a span of two decades, Roshen Dalal has attained renown for her painstakingly researched books on history and religions in India. The Puffin History of India and The Puffin History of the World, each in two volumes, have not just received critical acclaim but are bestsellers as well. Her other books include The Religions of India: A Concise Guide to Nine Major Faiths; Hinduism: An Alphabetical Guide; The Vedas: An Introduction to Hinduism’s Sacred Texts and The Compact Timeline History of the World.
