After endless years of insistence on raising the current minimum pension from ₹1000 by virtually all pensioners, the government has decided, almost to the relief of EPS pensioners, to consider raising the minimum monthly pension of ₹7500 under the Employees Pension Scheme (EPS-95). If the higher pension gets implemented, it would benefit millions of retired … Read more
Then just the other day, on 20th October 2023, the EPFO made substantive modifications in all the existing schemes which now certainly go ahead to protect PF account holders. Under this new Employees’ Deposit Linked Insurance (EDLI) insurance scheme, the insured amount has now been extended to become a benefit of ₹ 7 lakh for … Read more
The Central Government has made yet another important decision concerning wages for workers across the nation: from today on-the revised minimum rates of wages under the 2025 minimum wage rates would apply. These will benefit millions of workers across various sectors. This would relieve low-income workers and improve their quality of life through fair compensation … Read more
The government of India intends to extend a Unified Pension Scheme for central government employees under which retired employees may be able to draw 50 percent of the last salary drawn by them as pension to live comfortably post-retirement in a financially secured environment. What Is The Unified Pension Scheme? The Unified Pension Scheme is … Read more
In what is definitely a very significant rule change, the Employees’ Provident Fund Organisation (EPFO) has actually enacted a new law for an economic relief and advantages for millions of employees and account holders. This new update pursuantly envisages some process simplification, an increased level of accessibility, and even more financial security to EPF members. … Read more
Pension Increase: The pension will also be revised under the 8th Pay Commission with the salary of employees. As per the latest reports, there will be a figure of 90 percent increase in pension, thereby benefiting not only regular employees but also pensioners. Now that fitment factor discussions are rising again, employees have started doing … Read more
The DA increase expected just before Holi will be an additional icing on the salary-aweary face of government employees. Under the revision regime of the Central Government, the DA gets revised twice a year on the basis of All India Consumer Price Index (AICPI) so that employees can tackle rising inflation. This expected revision is … Read more
The Employees’ Deposit Linked Insurance or EDLI Scheme aims to provide assured monetary security to workers and their immediate family members and is administered under the auspices of the Employees’ Provident Fund Organisation. A unique feature of this Scheme is the coverage of ₹7 lakh insurance being extended to employees even after switching jobs, further … Read more
8th Pay Commission: With the announcement of the Eighth Pay Commission, the debate has started again regarding the salary hike of central government employees. Shiv Gopal Mishra, Secretary, National Council-Joint Consultative Machinery (NC-JCM), has shared his views on the fitment factor for the new pay commission. Mishra believes that the fitment factor should be at … Read more
The major relief for central and state government employees is that the government is going to clear 7 months’ pending Dearness Allowance (DA) dues. This much-awaited decision comes as a great relief to lakhs of employees and pensioners, all of whom had been waiting for their accumulated dues of DA. DA Arrears: What’s The Latest … Read more