Central government employees to benefit from new age-based pension scheme
The government has introduced a plan where retired government employees will receive increased pensions based on their age, similar to the annual increments they received while in service.

Scheme for pensioners

All you need to know
Other Changes:
The Unified Pension Scheme (UPS) provides a guaranteed pension of 50% of the average basic pay upon retirement after 25 years of service. For those with less than 25 years but more than 10 years of service, a minimum guaranteed pension of Rs. 10,000 per month is provided. Gratuity is also part of the pension package. 8th Pay Commission: The 8th Pay Commission, announced to be effective from January 1, 2026, may bring further changes to pensions.
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App to stay ahead in business.

