The Central Government has approved another recommendation of a 3% increase in Dearness Allowance (DA) for its employees. No price too high for all those government employees and pensioners who have had to wait an eternity for the DA revision to take place. This is effective from January 1, 2025, and will do wonders for … Read more
One Indirect Electoral Promise Towards Improvement of Pensioners 7 constitutional rights have been announced according to the 7th Pay Commission in adding more pensions over and above what are normally given. Under this notification by the government, benefit will directly accrue to pensioners above 80 years. Currently, while discussions on the 8th Pay Commission are … Read more
Below is an update by the Central Government: It has launched a Unified Pension Scheme (UPS) intended to universalize a safety net for pensions with a stable pension system for employees in all sectors. The Ministry of Finance should have cleared, among others, a big question regarding its implementation: Does the Centre make the UPS … Read more
The Employees’ Pension Scheme (EPS-95) was mainly formulated for the maintenance of retired employees under the Employees’ Provident Fund Organisation (EPFO). The clamour for raising the minimum pension to ₹9,000 mark has grown tremendously. But is this a long-awaited development or an overplayed demand? Let’s throw some light in this regard. Present Scenario Of EPS-95 … Read more
DA Government Hike for Central Employees: This time’s DA hike is particularly significant since it will be the first increase after the establishment of the 8th Pay Commission. The government announced the formation of the 8th Pay Commission on 16 January 2025, whose recommendations will be applicable from 1 January 2026. As such, central government … Read more
EPFO Pension Scheme 2025 : The private workers falling under the Employees Provident Fund Organization have intensified their demand for an increase in the monthly minimum pension under the Employees Pension Scheme. EPFO Pension: The activities concerning the beneficiaries and account holders of the Employees Provident Fund Organization seem more active now. While the talks … Read more
Unified Pension Scheme 2025 : The Government of India has announced for government employees a new pension scheme called Unified Pension Scheme (UPS). The scheme will come into effect from April 1, 2025, aiming at fixed and secure pension employees. The special thing about this scheme is that the employees will be able to shift … Read more
EPFO Update 2025: In the present moment both the employee and employer contribute 12 percent of the employee’s basic salary to EPF, DA and any retaining allowance, respectively. Employee’s contribution goes to EPF; while employer contribution is distributed in 3.67 percent (EPF) and 8.33 percent (EPS). EPFO PF Withdrawal Via ATM/UPI: It is good news … Read more