Employment
What is Pension? — Meaning, Definition & Example
Definition
Pension is a regular income received after retirement. Types in India: EPS pension (EPFO, ₹1,000+ based on service), NPS annuity (market-linked), APY (₹1,000-5,000 guaranteed), old pension scheme (for government employees before 2004). New Pension Scheme replaced old one for govt employees from 2004.
💡 Real Example
A central government employee under old pension scheme gets 50% of last drawn salary as lifetime pension, while NPS returns depend on market performance.
🇮🇳 Pension in Hindi / हिंदी में
पेंशन — पेंशन सेवानिवृत्ति के बाद प्राप्त होने वाली नियमित आय है। भारत में EPS, NPS, APY और पुरानी पेंशन योजना प्रमुख प्रकार हैं।
Pension (Hinglish) — Pension retirement ke baad milne wali regular income hai. India mein EPS, NPS, APY, aur Old Pension Scheme main types hain.
❓ Frequently Asked Questions
What is Pension in simple words?
Pension is a regular income received after retirement. Types in India: EPS pension (EPFO, ₹1,000+ based on service), NPS annuity (market-linked), APY (₹1,000-5,000 guaranteed), old pension scheme (for government employees before 2004). New Pension Scheme replaced old one for govt employees from 2004.
Can you give an example of Pension?
A central government employee under old pension scheme gets 50% of last drawn salary as lifetime pension, while NPS returns depend on market performance.
What is Pension meaning in Hindi?
In Hindi, Pension is called पेंशन. पेंशन सेवानिवृत्ति के बाद प्राप्त होने वाली नियमित आय है। भारत में EPS, NPS, APY और पुरानी पेंशन योजना प्रमुख प्रकार हैं।