With the 7th Pay Commission’s term ending on December 31, 2025, central government employees and pensioners are looking forward to the expected implementation of the 8th Pay Commission. While it was formally approved on January 16, 2025, the government yet has to set the Terms of Reference (ToR) or form the Commission by appointing members. What’s Hanging In The … Read more
Once being a relieving factor for the retired populace at large, the EPFO arrives at a drastic pension hike in 2025. This wait-for-ever decision is for the upliftment in the economic lives of more than 75 lakh pensioners because many of them are depending on only such pension amounts from EPFO for sustenance and medical … Read more
The year 2025 brought sweeping reforms in the EPS-95 and consequently ensured enhanced financial security and clarity for millions of retired workers all over India. The new pension regulations were welcomed by the pensioners under EPS-95, who had long been clamoring for revision of their benefits to fairer proportions, increased pension amounts, and inclusion of … Read more
EPFO Pension New Rule: The Employees’ Provident Fund Organization has issued some good news regarding its pension scheme EPS-95. In this new provision, the requirement has been laid down that the employee must have served for a minimum of 10 years in order to obtain the benefits of pension. This rule factors into the lives … Read more
Retirement Age New Update: It is a very good news for the government employees at the time of retirement. There is going to be a really big moment and a special gift with government employees on their retirement, that is, on their on the last day of their job. This gift will bolster the morale … Read more
8th Pay Commission: Now an update regarding the eighth pay commission has come. So what will be the salary increment of the employees and the pension increase of the retired employees? By what method will the increases be carried out? When will the new pay commission finally be made operational? There was a report regarding … Read more
Taking a giant step for social welfare, the Government of India initiated the scheme known as the Indira Gandhi National Old Age Pension Scheme (IGNOAPS), a scheme under which a monthly pension of Rs 3,000 is payable to eligible senior citizens. The scheme intends to give financial security during old age to those belonging to … Read more
Such a precious prize is worth a summer’s thunder-project and its hour of execution. After processing time and galloping hopes, the Central Government cleared the DA Increase along with sanctioning the long-pending arrear bill. With full economic effect will be the payment to 8.5 lakh government employees along with many departments-since the employees are now … Read more
In the new law, the wage earners from rank and file to senior officers can get more gratuity payout after superannuation or resignation because clear formulas stand enacted under the Payment of Gratuity Act, 1972. At present, considering an employee (with a gross monthly salary of ₹35,000 per month) has an experience of five years’ … Read more
In a complete about-turn in policy, the government has declared the restoration of the Old Pension Scheme (OPS) for eligible employees in various sectors for their retirement security. Thus, the government has decided for the new vector from the New Pension Scheme (NPS), introduced in 2004, which gives market-based returns. Opening in support is the … Read more