Enhancement of the Rate of Disability Pension The Services have sought enhancement of the rate of disability pension for 100 percent disability from the existing level of 30 percent of the last drawn reckonable emoluments to 50 percent. For lower percentages of disability, the amount of disability element is sought to be pro-rated. Analysis and Recommendations: The … [Read more...] about Enhancement of the Rate of Disability Pension : 7th CPC Report
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Pension
Fixed medical allowance – FAQ
CGHS facility is meant for the serving Central Govt employees and pensioners residing in specified areas. Fixed Medical Allowance is granted to pensioners living in non-CGHS areas Pensioners – Pension Policy – Central Civil Services – FAQ on Fixed Medical Allowance. CGHS facilities available for the Central Govt Employees. Frequently asked questions on Fixed Medical … [Read more...] about Fixed medical allowance – FAQ
Restoration of 1/3 commuted portion of pension of Government employees on absorption in PSU
The full pension of the absorbees was notionally revised w.e.f. 01.01.2006 in accordance with the instructions contained in this Department O.M. No.38/37/08-P&PW(A) dated 01.09.2008. The payment of DR and additional pension to old pensioners is regulated on the basis of the notional full pension Restoration of 1/3rd commuted portion of pension in respect of Government … [Read more...] about Restoration of 1/3 commuted portion of pension of Government employees on absorption in PSU
EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive
Under NPS, only 60 per cent of the corpus can be withdrawn as lump sum. Now, there is no tax on the 40 per cent. And if the person decides to invest the remaining 20 per cent also in annuity, there would be no tax on withdrawal. EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive – Finance minister Arun Jaitley on Tuesday withdrew the controversial tax on … [Read more...] about EPF Tax Withdrawn – How the Controversy Rendered NPS more Attractive
NPS Exit and purchase of Annuity – Clarification issued by PFRDA
NPS Exit and purchase of Annuity – Clarification issued by PFRDA in respect of interim arrangement for the purpose of buying annuity from the NPS maturity amount In the case of pre-mature exit by NPS Subscriber, any annuity scheme provided by Annutiy Service provider that covers the spouse of NPS subscriber can be purchased PENSION FUND REGULATORY AND DEVELOPMENT … [Read more...] about NPS Exit and purchase of Annuity – Clarification issued by PFRDA
Reviewing Pay and Allowances of Armed Forces Personnel
Reviewing Pay and Allowances of Armed Forces Personnel The Government entrusted the task to a Pay Commission in 1973, at the time of setting up of 3rd Central Pay Commission. The Government had set up a Post War Pay Committee in 1947, a departmental pay committee (Raghuramiah Committee) during 1959-60 and another Departmental Committee in 1967 for review of pay and … [Read more...] about Reviewing Pay and Allowances of Armed Forces Personnel
Revision of Pension of Pre 2006 Pensioners who retired from posts where pay scales have been merged /upgraded: BPS writes to PM
BPS appeal to the Prime Minister Regarding Revision of Pension of Pre 2006 Pensioners - Reg: minimum pension for Pre 2006 Pensioners who retired from posts where pay scales have been merged /upgraded BHARAT PENSIONERS’ SAMAJ (All India Federation of Pensioners' Associations) (Registered No. 2023 of 1962-63) Member International Federation on … [Read more...] about Revision of Pension of Pre 2006 Pensioners who retired from posts where pay scales have been merged /upgraded: BPS writes to PM
Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS)
Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS) There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment for recognised Provident Fund & NPS. The following clarifications are given in this matter:- (i) The purpose of this … [Read more...] about Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS)
Measures for moving towards a pensioned society
Measures for moving towards a pensioned society While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that pension schemes offer financial protection to senior citizens. He proposed to make withdrawal up to 40% of the corpus at the time of retirement tax exempt in the case of National Pension Scheme(NPS). In case of … [Read more...] about Measures for moving towards a pensioned society
Casual Labourers with temporary status-clarification regarding contribution to GPF and Pension under the old pension scheme
Casual Labourers with temporary status-clarification regarding contribution to GPF and Pension under the old pension scheme No.49014/2/2014-Estt (C) Government of India Ministry of Personnel, Public Grievances and PG Department of Personnel and Training Establishment Division New Delhi, North Block, February 26th , 2016 OFFICE MEMORANDUM Subject: Casual Labourers with … [Read more...] about Casual Labourers with temporary status-clarification regarding contribution to GPF and Pension under the old pension scheme
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