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Family pension News

Unified Pension Scheme

25 Aug 2024

Unified Pension Scheme: From Inflation Protection To Family Pension Benefit

Prime Minister Narendra Modi's Cabinet introduced the Unified Pension Scheme (UPS), starting April 1, 2025. Combining the best features of the Old Pension Scheme (OPS) and the National Pension Scheme (NPS), it will provide guaranteed pensions, family pensions, and minimum pensions to 23 lakh government employees. Here are the key benefits of the new scheme.

18 Sep 2023

Govt Announces Family Pension For LIC Staff, Hikes Gratuity Limit For Agent

More than 13 lakhs agents and more than 1 lakh regular employees, who play a pivotal role in the growth of LIC and deepening of insurance penetration in India, will benefit from these welfare measures, a statement said.

24 May 2022

Family pension rules relaxed for THESE central govt staff –Check new rules

The new Family pension rules for such missing central government employees will provide a huge relief, particularly in those regions where instances of government employees going missing are reported more frequently.

7th Central Pay Commission

30 Oct 2021

Defence Ministry changes family pension rules, check new provisions

The ministry announced that the highest pay in the government has been revised to Rs 2.5 lakh per month. The ministry also pointed out that the order has been implemented retrospectively with effect from January 1, 2016. The parents should have worked under the purview of the 7th Central Pay Commission (CPC).

7th Pay Commission

29 Sep 2021

7th Pay Commission: Family pensioners can get Rs 1.25 lakh monthly pension

The family pension ceiling has been raised by the government. The new pension structure allows up to Rs 1.25 lakh monthly pension. 7th Pay Commission revised pay is one of the factors behind bettering the ceiling.

29 Sep 2021

Family Pension update! Income limit of differently abled dependents raised

Presently, the disabled child/sibling is eligible for family pension if overall monthly income of disabled child/sibling from sources other than family pension is not more than Rs. 9,000/- along with dearness relief thereon.

26 Aug 2021

Big news for bank employees! Family pension hiked upto Rs 35,000

Good news for Bank Employees. Family Pension to be increased to 30% of last pay drawn. NPS Corpus to be enhanced to 14%.

public sector banks

25 Aug 2021

Family pension of PSB bankers hiked to 30% of last salary!

The Indian Banks’ Association (IBA) had urged the government to increase the family pension of deceased employees. The Central government has also increased the contribution limit for PSB employees under the National Pension Scheme (NPS). Employees of the public sector banks can now invest up to 14% of their salary, up from the previous limit of 10%.

Divyang children

14 Aug 2021

7th Pay Commission: Big decision on pension! THESE children to get hike

This decision seeks ease of living and better economic conditions for the Divyang or disabled survivors, who require greater medical care and financial assistance. The government has given its stance on the income criteria for eligibility of family pension, applicable in the case of other family members, may not be applied in the case of a child or sibling suffering from a disability.

Family pension rules

04 Jun 2021

7th Pay Commission: New changes in central govt. family pension rules

The new rules under the Department of Pension & Pensioners Welfare (DoP&PW) will bring relief for employees who are suffering due to the COVID-19 pandemic. According to Rules 80 (A) of the CCS (Pension) Rule 1972, after a government employee dies doing his/her duty, the Provisional Family Pension will be sanctioned to his/her family members. Payment of provisional pension will be extended for one year after the date of retirement

7th Pay Commission

15 Feb 2021

7th Pay Comm latest update: Modi Govt raises THIS ceiling by nearly 3-fold

Since the highest pay has been revised to Rs 2,50,000 per month after the implementation of 7th CPC recommendations, therefore the amount prescribed in Rule 54 (11) of CCS (Pension) Rules has also been revised to Rs 1,25,000 per month being 50 per cent of Rs.2,50,000 and Rs 75000 per month being 30 per cent of Rs 2,50,000.

7th Pay Commission

12 Feb 2021

7th Pay commission update: Modi govt announces massive hike in family pension

Earlier instructions laid down that the total amount of two family pension in such cases, shall not exceed Rs 45,000 per month and Rs 27,000 per month. Since the highest pay has been revised after the implementation of 7th CPC recommendations, therefore the amount prescribed has also been revised

12 Feb 2021

Massive hike in family pension; Modi govt's BIG announcement; check here

The DoPPW has issued a clarification on the amount admissible in case a child is eligible to draw two family pensions after the death of his or her parents. Singh said that the amount of both the family pensions will now be restricted to Rs 1,25,000 per month, which is more than two and half times higher than the earlier limit.

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