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Recent Current Affairs related to Pension

2 News
20 August 2026 STATE

The Karnataka Cabinet has approved the ‘Sandhya Kiran’ scheme, a contributory cashless healthcare initiative under the Ayushman Bharat–Arogya Karnataka (AB-ArK) program.

The scheme is designed for state pensioners below 70 years of age and their families in Bengaluru. It will cover 4.93 lakh beneficiaries, providing an annual family health cover of ₹5 lakh along with standardized treatment packages and rates.

21 May 2026 BANKING

The Pension Fund Regulatory and Development Authority (PFRDA) has introduced a new post-retirement framework under the National Pension System (NPS) to provide subscribers with flexible periodic payout options. The regulator has launched Retirement Income Schemes (RIS) to facilitate flexible payouts during the decumulation phase while supporting corpus appreciation.

Currently, NPS subscribers can withdraw 60% of their corpus tax free at retirement, while the remaining 40% must be used to purchase an annuity. Additionally, PFRDA has extended the maximum age for maintaining NPS accounts from 75 years to 85 years for both government and non-government subscribers.

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