Interest Rates 1952-2023 | PF Accumulation History The EPF Scheme 1952 includes provisions for interest. The Central Government, in consultation with the Central Board, determines the rate of interest that will be credited to each member's account by … [Read more...]
GPF Interest Rate January to March 2023
GPF Interest Rate from January 2023 PDF The Ministry of Finance announced the interest rate of the GPF (General Provident Fund) and it will remain at a pleasant 7.1% for the last quarter of 2022-23. The Department of Economic Affairs (DEA) just … [Read more...]
Sharing of Family Pension to Eligible Widows or Children
"Family Pension Sharing for Widows & Children" The Central Civil Services (Pension) Rules, 2021 have a provision (Rule 50(8)) for the sharing of family pension in the event of the death of a Government servant/pensioner. The widow/widower is … [Read more...]
Himachal Pradesh Govt Notifies Old Pension Scheme with Effect from Apr 1, 2023
"Old Pension Scheme Notified by Himachal Pradesh Govt from Apr 1, 2023" The government of Himachal Pradesh has officially notified the re-introduction of the old pension scheme, which will come into effect starting from April 1, 2023. This decision … [Read more...]
NPS Govt Contribution Rate 14% of Basic Pay + DA
NPS Govt Contribution Rate: 14% of Basic + DA The Central Government has increased the mandatory contribution by Central Government from 10% to 14% of the basic pay+DA for all the Central Government employees covered under National Pension System … [Read more...]
Opportunity to switch from NPS to OPS with a one-time choice – NC JCM Staff Side
NPS to OPS latest order The General Secretary of the National Council (Staff Side) Joint Consultative Machinery for Central Government Employees has penned a letter to all members stating that an important order has been given by the Central … [Read more...]
National Convention on Scrapping NPS and Restoring Old Pension Scheme
National Convention on NPS and Pension Scheme Restoration "The National Pension System for employees recruited on or after 1.1.2004 is to be withdrawn and replaced with the old pension scheme under CCS (Pension) Rules 1972. Additionally, the GPF … [Read more...]
NPS To OPS: Strategy to Achieve Old Pension Scheme – NJCA
NPS To OPS: Strategy to Achieve Old Pension Scheme – National Joint Council of Action National Joint Council of Action of Central Government Employees Organizations participating in JCM will hold a National Convention on Old Pension Scheme on 21 … [Read more...]
Family Pension to Deceased NPS Employees
Family Pension for NPS Employees Who Have Passed Away The Department of Pension & Pensioners Welfare has made it clear that the commencement of NPS contribution or the generation of PRAN is not a requirement for the payment of pensionary benefits … [Read more...]
NPS to OPS for Recruited Against Post or Vacancy Advertised, Notified for Recruitment
NPS to OPS for Recruited Post or Vacancy | Notified for Recruitment The government has provided clarity on the significant requirements for transitioning from OPS (old pension scheme) to NPS (new pension scheme). The Department of Posts has recently … [Read more...]
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