Pension

1.2 crore central government employees and pensioners await the 8th Pay Commission, delayed since its January 2025 approval. The commission lacks leadership and defined terms of reference, jeopardizing the January 2026 implementation target.

Pensioners are staging nationwide protests demanding a PF pension hike. Their main demand is to increase the minimum pension from Rs 1,000 to Rs 7,500.

The Indian government's new National Family Benefit Scheme offers eligible families one-time financial assistance of Rs 30,000. Eligibility criteria include an annual income below Rs 2.5 lakh and not being a government employee.

The Department of Social Justice and Empowerment has provided another opportunity for pensioners who have not yet completed their annual physical verification, extending the deadline to May 31, 2025.

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.

The Reserve Bank of India has ordered banks to pay 8% interest if pensions are delayed. Compensation must be automatically provided for delayed transactions from October 2008. Additionally, banks have been advised to publish pension calculations on their websites.

Digital progress of the EPFO organization. Now, members are being encouraged to use their own photo, i.e., face authentication, for creating UAN, i.e., Universal Account Number. See the complete photo gallery for details.

Female government employees and pensioners can now nominate their children for family pension instead of their husbands. This will provide relief to women in divorce and domestic violence cases.

UPS Pension Scheme: The central government has implemented the new pension scheme - Unified Pension Scheme (UPS) - for its central employees from April 1st.

Getting your PF money is going to be easier from April 1, 2025. EPFO (Employees’ Provident Fund Organization) has introduced new rules for this. From now on, if employees apply for PF, they can get the money in just 3 days, that too online without having to go to any office. Let's find out more about the new EPFO changes.