Poll panel seeks explanation from pension fund authority

September 13th, 2009 NEW DELHI - The Election Commission Sunday ordered the suspension of the police chief and district magistrate of Bhind district in Madhya Pradesh for "violation of various instructions" of the poll panel during the assembly by-poll held last week. "Election Commission orders the suspension of district magistrate and superintendent of police of Bhind in Madhya Pradesh for violation of various instructions of the commission during assembly by-elections in the district," a release issued by the commission said.

September 11th, 2009 KOLKATA - India's pension regulator has called for attractive incentives for collection agents in a bid to popularise the new social security scheme as they are the main point of contact between the subscriber and the pension fund. "Incentives are needed as there is no provision for commission under the recently launched NPS (New Pension Scheme)," said Praveen Kumar, executive director of Pension Fund Regulatory and Development Authority executive director here Friday.

August 11th, 2009 MUMBAI - The lack of awareness about the New Pension System (NPS) has resulted in only 1,109 subscribers applying for it by July 31. The Pension Fund Regulatory Development Authority (PFRDA) rolled out the NPS for all citizens from May 1.

July 31st, 2009 NY pension fund begins reboundALBANY, N.Y. — New York's public pension fund reports regaining some of the value it lost in last year's Wall Street meltdown and national recession, growing to $116.5 billion in the quarter that ended in June.

July 2nd, 2009 CHENNAI - Expressing satisfaction over pension sector reforms, the government in its Economic Survey 2008-09 has said the new pension system (NPS) will be offered to more segments. "Efforts are underway to extend the NPS to new segments (autonomous bodies, state governments and unorganised sector) and introducing micro-pension initiatives," said the survey tabled in parliament Thursday.

May 29th, 2009 NY pension fund takes more than 26 percent hitALBANY, N.Y. — New York state Comptroller Thomas DiNapoli says the state's massive public pension fund lost more than 26 percent on its investments during a fiscal year marked by Wall Street's meltdown and the recession.

May 12th, 2009 Businessman pleads guilty in NY pension probeNEW YORK — A California businessman has pleaded guilty to securities fraud in connection with an investigation of alleged corruption at New York's public pension fund. The attorney general's office said Tuesday Julio (HOO'-lee-oh) Ramirez entered into a corrupt agreement with a top political aide to former New York Comptroller Alan Hevesi (HE'-vuh-see) to ensure that his company's clients got a slice of pension fund investments.

May 11th, 2009 NEW DELHI - The government has not constituted a committee to consider a demand for reducing the gap in the retirement benefits of armed forces personnel, the Election Commission was told Monday. The Commission last week issued notice to Cabinet Secretary K.M.

May 8th, 2009 Political agents get subpoenas in NY pension probeNEW YORK — Investigators probing influence peddling at the state pension fund have subpoenaed a number of politically connected New Yorkers who picked up big paychecks lobbying former officials at the retirement fund. State officials on Wednesday released a list of dozens of agents who acted as middlemen between investment firms and pension fund officials during the tenure of former comptroller Alan Hevesi.

May 6th, 2009 NEW DELHI - The Election Commission Wednesday conveyed its 'displeasure' to the government-run Pension Fund Regulatory and Development Authority (PFRDA) for releasing an advertisement in newspapers. The advertisement appeared in newspapers May 1, announcing a new pension system for all eligible citizens in the age group of 18-55.

May 5th, 2009 Detroit official bills Dubai trip to pension planDETROIT — Records show a Detroit official charged the city's police and firefighters pension plan more than $20,000 for a trip to the Persian Gulf emirate of Dubai. The Detroit Free Press says city councilwoman Barbara-Rose Collins booked a nearly $10,000 business-class plane ticket to attend a pension conference in Dubai last fall.

May 2nd, 2009 NEW DELHI - The Election Commission Saturday censured Akhilesh Das, who is contesting the Lok Sabha polls from Lucknow constituency on a Bahujan Samaj Party (BSP) ticket, for making derogatory remarks about his rival and Samajwadi Party candidate Nafisa Ali. 'Election Commission is of the considered opinion that Dr.

May 2nd, 2009 NEW DELHI - The Communist Party of India-Marxist (CPI-M) Friday sought the chief election commissioner's (CEC) intervention on a newspaper advertisement by the government-run Pension Fund Regulatory and Development Authority. The party was reacting to the advertisement published the same day announcing a new pension system for all eligible citizens in the age group of 18-55.

May 1st, 2009 NEW DELHI - The New Pension Scheme (NPS) has been launched on 'Labour Day' on Friday for all the citizens. This followed the confirmation by the National Interim Pension Regulator of the scheduled launch of the Mega Pension Plan from Friday.

May 1st, 2009 CHENNAI - Life insurers are depending on their strong distribution network to stave off the competition challenge posed by the cheaper National Pension Scheme (NPS) that was launched Friday. Even though the fund managers for NPS will charge only 1 paise per Rs.100 (0.0009 percent) as service charge, comparing to 2.5 percent on the fund value charged by life insurers, the latter do not expect drastic reduction in sales, industry officials said.