Government Pension

Maharashtra govt employees on strike for OPS amid appeals from CM Shinde

Lakhs of Maharashtra government employees on Wednesday continued their strike on the second day to demand the restoration of the Old Pension Scheme (OPS), a day after Chief minister Eknath Shinde appealed to them to resume work. Smooth functioning in government hospitals and offices was affected due to the agitation. Vishwas Katkar, the convenor of the committee of nearly 35 state government employees, semi-government employees and teachers, said employees from 36 districts have joined the ongoing strike. He rejected Shinde's appeal made in the Assembly on Tuesday and insisted that their demands be met. On Monday, Shinde had also announced a panel comprising senior bureaucrats to look into the demand of state government employees to revert to the Old Pension Scheme. The panel will give its report in a time-bound manner, he said. Katkar said the state government employees held similar protests in 2018, following which a panel was formed but there was no movement on its report. The .

Amount provided under old age pension increased to Rs 1,500: CM Dhami

Uttarakhand Chief Minister Pushkar Singh Dhami on Tuesday said that his government has increased the amount given under old age pension to Rs 1500 from Rs 1200

OPS adoption may benefit current generation at cost of future generations

Pension payments as a percentage of revenue receipts of states increased from 2 per cent in 1980-81 to 11 per cent in 1999-2000

Changed and new rules for National Pension Scheme: All you need to know

Here is a list of the changed and new rules by Irdai and PFRD regarding the National Pension Scheme

BS Number Wise: Old scheme puts burden of employee pension on the states

Some governments are seeking short-term benefits to finance their bills, risking their financial security

Govt employees' pension: 'Old versus new' debate gathers momentum

Reverting to OPS is being considered an easier option from a political standpoint, but could financially stress the states

Rs 2.54 trillion spent on central govt pensioners during FY2021-22

Over Rs 2.54 lakh crore was spent on nearly 70 lakh central government pensioners during 2021-22, the Lok Sabha was informed on Wednesday. There were 69,76,240 pensioners and family pensioners 11,28,441 civil pensioners, 36,03,609 defence pensioners (including armed forces pensioners), 4,32,968 telecom pensioners, 14,82,223 railway pensioners and 3,28,999 postal pensioners, Minister of State for Personnel Jitendra Singh said in a written reply. Total expenditure incurred on these pensioners was Rs 2,54,284.4 crore during the financial year 2021-22, he said.

EPFO to soon disburse pension to over 7.3 mn pensioners in one go

EPFO will approve a proposal for setting up a central pension disbursal system on July 29 and 30, paving the way for crediting the benefit into over 7.3 million pensioners' bank accounts in one go

Agnipath scheme: A burgeoning pension bill is the govt's big headache

Pension is growing faster than the salaries of state employees, accounted for a third of revenue expenditure by armed forces in 2013-14 and 2020-21

Govt dept to collaborate with SBI to create integrated pension portal

The Centre's Department of Pension & Pensioners' Welfare (DoPPW) will collaborate with the State Bank of India (SBI) to create an integrated pension portal to enhance ease of living of pensioners, according to an official statement on Tuesday. Sessions on pension policy reforms and digitisation regarding the disbursement of pensions to central government pensioners were organised with the objective of updating SBI field functionaries during the two-day bankers' awareness programme in Udaipur, Rajasthan. Special sessions were organised on income tax matters related to pensioners as well as digital means of submitting annual life certificates, said the statement by the Ministry of Personnel, Public Grievances and Pensions. It was decided that immediate efforts are needed for the creation of an integrated pension portal by linking the existing portals of the DoPPW and the SBI to provide seamless services to pensioners, it said. Face authentication technology for digital life ...

Cabinet hikes dearness allowance for central govt employees by 3%

The move will benefit about 4.8 million central government employees and 6.9 million pensioners and will be effective from January 1, 2022.

A joint forum of pensioners named NCPO formed to raise key issues

The camp office of the NCPO will be at Delhi.

Pensioners' body urges government to exempt pension from income tax

The body in its first all-India conference held at Shirdi (Maharashtra) on July 23, 2018 has resolved that pension should be exempted from income tax.

Deeply disturbed over changes in pension rules: Ex-civil servants to PM

The former civil servants said they were unable to understand why there was a need for such an amendment to the Central Pension Rules

Can hike in Dearness Allowance boost consumer spending?

Subscriber base of NPS, APY up 22% to 4.05 cr at Jan-end 2021: PFRDA

The number of subscribers under government-run pension schemes NPS and APY rose nearly 22 per cent to 4.05 crore at January-end this year, according to data from PFRDA.

Govt scraps need of min 7-year constant service for enhanced family pension

An EOFP is 50 per cent of personnel's last emoluments and is payable for 10 years from the date of the death of the personnel in service

Salaried class pours, informal workers pare pension money: PFRDA data

Contributions towards pension rose as new subscriber growth fell in April-July

Govt plans to integrate e-PPO with DigiLocker for civil pensioners

The Centre has planned to integrate the electronic Pension Payment Order (e-PPO) with DigiLocker in order to enhance ease of living of Central government civil pensioners.

Coronavirus: EPFO to disburse pension early to 6.5 mn account holders

Earlier this month, the EPFO had issued a statement asking its subscribers to avail online for availing various facilities, including for their provident fund claims