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COMMUTED PENSION RESTORATION
West Bengal pay panel proposes 5% annual increment, 11-year pension restorationWest Bengal's seventh pay commission will revise employee pay and benefits. It aims for pay parity with central government employees and im...- 8th Pay Commission latest news: Railway pensioners' body demands one rank one pension, inflation-linked pension revisionRetired railway employees are urging the 8th Pay Commission to implement one rank one pension. They also demand a revision of basic pay and...
- 8th Pay Commission latest news: J&K employee bodies seek fitment factor of 2.86–3.68, Rs 51,480 minimum basic payEmployee bodies from Jammu & Kashmir have urged the 8th Pay Commission to adopt a fitment factor between 2.86 and 3.68, which could raise t...
- Bharat Taxi emerges as World's largest mobility cooperative with over 35 lakh users, 6 lakh driversBharat Taxi is revolutionizing mobility in Gujarat. Drivers now own the platform, receiving 100% of ride earnings. This driver-owned model ...
- 8th Pay Commission, OPS and rising court cases: 7 issues key central government employee body raised in its 49th annual meetThe 49th annual meeting of the NC-JCM, presided by Cabinet Secretary TV Somanathan, addressed key central government employee concerns. Dis...
- 8th Pay Commission demands for pensioners: One rank one pension, gratuity up to Rs 75 lakh; 10 things key employee body has demandedCentral government pensioners' rights are a key focus in the NC-JCM's 51-page memorandum for the 8th Pay Commission. Demands include a same...
- UPS differs from OPS in pension calculation, minimum pension amount, lumpsum payment, employee contributionUnified Pension Scheme: The govt announced the Unified Pension Scheme (UPS) for government employees on August 24, 2024. The new pension sc...
- Trade unions divided over the unified pension schemeWhile central trade unions like the All India Trade Union Congress (AITUC) and Centre of Indian Trade Unions (CITU) have outrightly rejecte...
- OPS vs NPS: Demand to restore OPS in place of NPS for central government employees; know what Govt saysOPS vs NPS: In a memorandum dated January 11, 2024, the Joint Forum for Restoration of Old Pension Scheme(NJCA), constituted under the bann...
- Will EPS pensioners get an option to sell or commute a part of their pension for a lump sum?Commutation of pension is a facility where a pensioner can sell a part of pension and receive a lump sum amount. This facility is available...
- 7th Pay Commission: Dearness Relief payment rule clarified for these pensionersEven in case of commutation, dearness relief entitlement will still be calculated on full pension, i.e., including the commuted portion of ...
- 7th Pay Commission: Dearness Relief hiked by 3%; these central govt pensioners to benefitDearness Relief (DR) for Central Government pensioners and family pensioners has been increased by 3% to 34%, beginning January 1, 2022, ac...
- EPFO disburses Rs 868 crore of pension along with Rs 105 crore arrears for commutationThe government, had, in February this year notified the restoration of full pension after 15 years of retirement for pensioners who have co...
- EPFO to disburse restored pension from next monthThe move will benefit 6,30,000 pensioners every month, although it will cost the government Rs 1,500 crore at a time when it is facing a re...
- Now, full pension after 15 yrs of commutation post retirementThe move is expected to benefit 630,000 pensioners and substantially increase pensions for those members of the Employees Provident Fund Or...
- Govt notifies higher pension for 6.3 lakh EPS pensioners who opted for commutationAs per EPS rules, an EPFO member who retired before Sept 26, 2008, could get maximum one-third of his/her pension as lump-sum i.e. commuted...
- Pension commutation under EPFO from Jan 1The move, which comes 10 years after the provision was withdrawn, follows a decision at a recent meeting of the EPFO’s central board of tru...
- EPFO approves changes in Employees' Pension Scheme to restore commutation of pensionThe move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.
- CAG finds deficiencies in defence pension systemIn a report tabled in the Lok Sabha, the CAG said an amount of Rs 6,831 crore was lying in banks at the end of March, 2016, due to procedur...
- Govt rejects pay panel's pension proposalThe government has rejected the Fifth Pay Commission's recommendation to restore commuted portion of pension after 12 years instead of 15 y...
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