Ekanathan
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 the Commissioner. Interest is added based on monthly running balances from the last day of each year. … Read more
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 announced this news in an official resolution, which is applicable from 1 January … Read more
“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 entitled to receive a family pension until the date of death or remarriage, whichever happens earlier. If … Read more
“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 has been made to address the concerns of employees who were dissatisfied with the new pension … Read more
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 Tier-I with effect from 1.4.2019. [lwptoc numeration=”none” title=”Table of Contents” toggle=”0″ width=”full” titleFontSize=”18px” itemsFontSize=”18px” linkColor=”#dd3333″ skipHeadingLevel=”h1,h2,h4,h5,h6″] … Read more
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 Government regarding the option to switch from the NPS to the Old Pension Scheme for eligible … Read more
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NPS and Pension Scheme Restoration “The National Pension System for employees recruited on or after 1.1.2004 is to be withdrawn and replaced with the old pension scheme under CCS (Pension) Rules 1972.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 scheme is to be implemented for employees recruited on or after 1.1.2004 by depositing the accumulated employee … Read more
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 January 2023 in Delhi to decide the plan of action for its restoration – Notice of … Read more
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 to the eligible family members of a deceased NPS employee. This is provided that … Read more
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 passed an order that allows Central Govt Employees appointed before 22.12.2003 to switch from the National … Read more