Central govt employees urge review of commuted pension restoration timeline
Millions of employees, both central and state, rely on pensions after retirement. However, there are complexities in receiving pensions, causing concern among government employees.
FollowAppeal to reduce commuted pension restoration timeframe
Central government employees have appealed for a reduction in the commuted pension restoration timeframe. Whether the center will respond remains unclear.
Concerns over commuted pension timeframe
Commuted pension involves receiving a lump sum instead of regular payments. Complexities around this have arisen.
7 Lakh employees raise concerns about commuted pension
Around 7 lakh employees have written to Cabinet Secretary T V Somanathan regarding the commuted pension restoration timeframe.
Confederation appeals for commuted pension review
The Confederation of Central Government Employees and Workers has appealed for a reduction in the commuted pension restoration timeframe.
Employees seek review of 1986 pension rules
The Confederation highlights changes in interest and mortality rates since 1986, urging a review of the pension commutation rules.
Fifth Pay Commission recommended timeframe reduction
The Fifth Pay Commission recommended reducing the commuted pension restoration timeframe from 15 to 12 years.
Will the 4-decade-old pension rule be revoked?
Hopes rise that the central government will accept the recommendations and employee appeals. Gujarat and Kerala have reduced the timeframe to 12 years, increasing pressure on the central government.
Appeal for equal interest rates for employees
Employees currently receive 8% interest, while LIC and other institutions offer 6.1% to pensioners. Millions of families rely on monthly pensions, making any changes impactful.
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