As a relief measure for elderly people, a monthly pension of ₹3,500 has been approved by the central government under the revamped social welfare scheme intended to provide financial security for the aged. Under this scheme, being strengthened as a social safety measure by the government, millions of senior citizens across the country are expected … Read more
As per various media reports, a considerable pension hike in 2025 is in the pipeline, hopefully for the welfare of several million Employees’ Provident Fund Organisation (EPFO) beneficiaries. This is a matter affecting thousands of workers under the Employees’ Pension Scheme (EPS-95), whose retirements are entirely transformed if payments under an EPS scheme are considered … Read more
Among the series of policies and reforms implemented in favor of post-retirement security for government employees, the Government of India has instituted a Unified Pension Scheme. This landmark initiative intends to create a standardized structure in which the right intimation for a certain payout can be given to the central government employees, thus granting a … Read more
One truly historical step toward addressing the age-old demands of government employees is that we are entering for the much bigger release of the Old Pension Scheme (OPS) in the year 2025, extinguishing the hopes of hundreds of thousands of central and state government employees who have been ever since advocating for the restoration of … Read more
One very important evolution that is currently affecting over 1 crore central government employees and pensioners is the setting up of the much-awaited 8th Pay Commission, which is going to entirely change the latest salary, allowances, and pay structure. On recent reports emanating from the Finance Ministry sources, the setting up of the 8th Pay Commission … Read more
The government has retired its decision that 2% DA should be given as an increase to the central government employees and pensioners. The orders for this have already been passed into effect, and now the DA rates will be applicable from the stipulated date as per the notification by the Finance Ministry. When raised, the … Read more
In a significant step toward enhancing transparency, access, and digital efficiency, the Employees’ Provident Fund Organisation (EPFO) formally announced the roll-out of EPFO 3.0. This enhanced and revamped edition will go a long way in providing a better experience for the 270 million-plus EPF subscribers all over India. This includes changes in PF withdrawal procedures, … Read more
Formed in Odisha as one of the eternal sufferers to boost the economic stature of the Elderlies, the scheme sanctions a pension of ₹20,000 per month to persons who have been imprisoned in the Emergency dated 1975-77. The program was instituted to acknowledge and support persons who endured during hard times in the history of … Read more
The Central Government has approved the introduction of another “Extra Special Leave” under the 7th Pay Commission for its employees with the aim to provide work-life balance and to satisfy certain diverse personal and professional needs. Key Highlights Of Extra Special Leave Policy: Leave Types Benefits And Impact The introduction of the Extra Special Leave … Read more
While significant changes are slated for the pay scale on central government employees with the fitment factor taking the center stage in the potential revisions, this increases the uncertainty of its actual value. Some of the estimates ring around 1.92 to nearly 2.86, thus arithmetically creating the opportunity for really big salary hikes at various … Read more