Pension Scheme

Administered by the Pension Fund Regulatory and Development Authority, the Atal Pension Yojana (APY) aims to create a universal social security system in India. Today, we check the rules for premature withdrawal and how to claim maturity payouts.

The Chennai GPO Pensioners Forum has raised five key demands before the 8th Pay Commission, including restoration of OPS, higher pensions, commutation relief, revised MACP benefits and improved allowances, leave and social security for employees and pensioners.

NC-JCM has sought OPS benefits for certain NPS-covered central government employees recruited against vacancies sanctioned before 22 December 2003. Here’s who could benefit if the government accepts the demand and how it differs from the existing OPS eligibility rules.

The 8th Pay Commission could significantly change central government pensions. Here is how an illustrative fitment factor of 2.57 could take the minimum Level 7 pension to nearly ₹58,000, and what pensioners should know.

Here's a look at the EPFO's provident fund withdrawal process for members — from conditions for partial withdrawal, minimum balance required, limits, types of claims, which forms to submit, and more.

Punjab transferred Sukhchain Singh Khera, key member of the state employees' protest, where over 150 employees' bodies and more than 3.50 lakh pensioners participated in one of the biggest mobilisations against the government.

Himachal CM says state committed to welfare of employees and pensioners, assures that DA payment will come in due course. Sukhu also announced an additional ₹20,000 above salary arrears for retirees, and ₹3,500 each as financial assistance for 800 fishermen.

Central government teachers have sought major changes from the 8th Pay Commission, including restoration of the Old Pension Scheme and a higher retirement age. Their demands also include more leave, higher promotion quotas, better grade pay and expanded healthcare benefits.

The Centre has clarified that it is not considering a universal minimum pension scheme for all citizens. According to an ET Online report, the government instead highlighted existing social security provisions under the Code on Social Security, 2020.

The Centre has clarified that eligible compassionate ground appointees who applied before January 1, 2004, but joined service later, can opt for the Old Pension Scheme. The benefit is limited to a specific category of employees and does not extend to all NPS subscribers.