Best Pension Plan...............

Hi Friends,

PFRDA introduced new pension scheme for non-govt employee.

My request to all of you pls invest in this scheme. It is for you &
your spouse's future , a day should not come that we should depend on
any one. Pls start early to take the benefits for long term
accumulation of wealth.

You can start as little as Rs. 500 per month.

If you are aged 25 year; retirement age 60 years; your investment Rs.
500 per month; You can have corpus of 31,46,084.48 after
your retirement @ 12 % p.a.

If you think, you start it latter then see the effect -

If you are aged 35 year; retirement age 60 years; your investment Rs.
500 per month; You can have corpus of 9,29,090.4 after
your retirement @ 12 % p.a.

To achieve same return of Rs. 31.46 lakh, you have to
invest Rs. 1700 per month.

If you invest above corpus into annuity, you can receive Rs. 29969.89
per month for 15 years i.e. upto your age of 75 years & Rs. 26211.92
per month for 20 years i.e. your age of 80 years @ 8% p.a.

So think, and act smartly.

(Note: In above calculations I have not assumed any expenses incurred
by scheme and above calculations are just for your
understanding the importance of starting early for your future)

Information enclosed
1) NPS.pdf - Details about scheme
2) Registration Form
3) Investment option
4) Locations where you get all infomation & investment

For your information
Analyzing The New Pension Scheme And PFRDA India

We have seen some tremendous response to the news on the New Pension
Scheme India which was announced recently and which came into effect
from May 1st 2009. There are have been many users asking their queries
on the new pension scheme and PFRDA India, how does it function and
what are the risk assessment of it. So here are a few points to look
out for in the New Pension Scheme and PFRDA India.

* Understanding the New Pension Scheme and PFRDA.

The new pension scheme is basically a system of fund management for
retirement like the EPF, GPF and PPF. Anyone in the age
group of 18 to 55 years irrespective of the sector in which he /she
works(govt as well as private sector) can apply for the new pension
scheme India and get its benefits. It’s a system for financial security
for old age when we no longer work.

Once you join the new pension scheme, you would be given a Permanent
Retirement Account Number (PRAN). It is something like a account
number which will help you to check your funds online or at the point
of presence (Pops). The Pension Fund Regulatory and Development
Authority(PFRDA) has been assigned the work of protecting the interest
of the people participating in the new pension scheme.
It’s a Govt regulatory body of India.

* Signing up and enrollment in the New Pension Scheme.

If you fall in the age group of 18 to 55 years you can approach any
one of 17 banks like SBI, ICICI, IDBI, Axis, LIC, Kotak Mahindra and
many more through the 285 point of presence (poPs) in India to
register and get a Permanent Retirement Account Number(PRAN). The
minimum annual contribution to the new pension scheme has
been fixed at Rs 6,000 in minimum 4 yearly installments. You can make
any number of installations and any amount in the new pension scheme.

A default charge of Rs 100/ year would be charged if you are unable to
pay the installments and the minimum amount of Rs 6000/year. The
account will then become dormant and can be renewed on request after
paying the charges and the contribution of Rs 6000.

* Risk Assessment Of the New Pension Scheme.

Just like any other investment instrument, the new pension scheme also
doesn’t guarantee a predefined fixed return. It all depends upon
the growth of the funds over a period of time. The funds in the
new pension scheme will be invested in Equity, debt instruments
and government bonds. In the last one year of its operations
the new pension scheme has generated a return of 14%.

Till 35 years of age, 50% of the funds invested by a user of new
pension scheme will go into the high risk, high return equity class,
20% into govt bonds and rest 30% into debt instruments. After 35
years of age the % of funds invested in equity class comes down
and funds invested in govt bonds and securities goes up. While
attaining 60 years of age, only 10% of the funds will be into the
equities and about 80% in the govt bonds.

* Exiting and getting the money back from the new pension scheme.

This is the most important question being looked after many people as
of now. Now if you happen to exit the new pension scheme before
attaining the age of 60 years, you will be entitled to get 20% of the
funds you have invested and the rest has to be invested in
annuities in the insurance companies. A annuities will help you to
get a steady income the rest of your life. If the subscriber dies, then
the nominee will get the whole amount as a lump.

You can exit the new pension scheme anytime you decide to do so.
And in case of death the amount in the subscribers account will
be transferred to the nominee.

The New Pension scheme has brought a lot of cheers on the faces of
many working professional all over the country today. Now not only the
Govt sector but also the private sector employees will benefit from
the New Pension Scheme which became effective from May 1st,
2009. The Pension Fund Regulatory Development Authority (PFRDA), is
the regulatory body in India which looks after the pension fund
by the new pension scheme.

It was a nice day to launch the New Pension Scheme On International
Labour Day On May 1st. The govt will root any changes if needed in the
New Pension Scheme after a complete year from May 1st 2009.
The part of the funds which will go into high risk share markets may
get reviewed once again at a later point of time. We are
awaiting for a tool for New Pension Scheme calculator which will show the
exact earnings a person will get after investing for a long time.