The Principal Controller of Defence Accounts (Pensions) has issued Circular No. 667 on 28th February 2023 regarding the implementation of One Rank One Pension (OROP) revision to the Defence pensioners with effect from 1st July 2019
PENSION
Benefits and Guidelines of Employees Pension Scheme
The Employees Pension Scheme (EPS) has a provision for penal interest at 12% per annum to be paid to employees if their pension settlement is not done within 20 days, as per the answer provided by the Minister of State for Labour and Employment.
Ministry of Finance’s Position on Pension Updation of PSB Retirees
This Lok Sabha question concerns the issue of pension updation for pre-November 2002 retirees of PSBs in India. The Ministry of Finance has stated that no decision has been taken regarding the neutralization of DA for these retirees.
Impact of Maximum Pensionable Salary on EPS
The Employees Pension Scheme (EPS), 1995 calculates the pension of members based on the pensionable service and pensionable salary of the member, according to the provisions of the EPS, 1995.
EPFO Offers Enhanced Pension Opportunity to Pensioners
EPFO in India has issued instructions to allow a section of pensioners to apply for an enhanced pension. The directions of the court have legal, financial, actuarial, and logistical implications and are under examination by the EPFO.