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Minimum pension News

8th Pay Commission

20 Jan 2025

What Will Be Minimum Pension For Central Govt Employees Under UPS?

8th Pay Commission Salary Pay Matrix: Currently, the salaries and pensions are based on the 7th Pay Commission's recommendations, implemented on January 1, 2016. The 8th Pay Commission is expected to bring significant changes to pensions under the National Pension System (NPS) and the Unified Pension Scheme (UPS).

12 Jan 2017

Good news for central government employees: Minimum pension hiked to Rs 9000

In what is definitely a good news for all central government employees, the government on Thursday said it has increased the minimum pension of per person to Rs 9000.

07 Aug 2016

7th Pay Commission: Retired central government employees to get minimum pension of Rs 9,000

Retired central government employees will now get a minimum pension of Rs 9,000, up 157.14 percent from the current Rs 3,500, following the implementation of the 7th Pay Commission's recommendations.

08 Sep 2014

Finance Ministry may ratify 8.75% interest rate on EPFO next week

The Finance Ministry is likely to give its concurrence next week to retirement fund body EPFO's trustees' decision to provide 8.75 percent rate of interest on PF deposits to over five crore subscribers this fiscal.

28 Aug 2014

Minimum monthly pension of Rs 1,000 under EPFO; wage ceiling up at Rs 15,000

The much-awaited minimum monthly pension of Rs 1,000 and a higher wage ceiling of Rs 15,000 for social security schemes run by retirement fund manager EPFO will be implemented from September 1.

23 Jul 2014

EPFO asks staff to take steps to enforce min pension, wage cap

EPFO has asked its field staff to take steps for enforcing government's decision of raising wage ceiling to Rs 15,000 to cover the organised sector worker.

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