Central government employees expect a large raise in their basic salaries once the 8th Pay Commission is implemented. The fitment factor is yet to be decided, but what can be revised basic pay for ...

The central government has approved a 2% hike in dearness allowance (DA) for its employees, raising it from 53% to 55% of their basic pay. The dearness relief for pensioners, or DR, will also be hiked ...

Central government employees may select Unified Pension Scheme (UPS) and National Pension System (NPS) as schemes to get a monthly pension. Old Pension Scheme (OPS) is available for employees of some ...

What is the basic allowance for the Early Childhood Care Benefit (YCDB)? It aims to help you finance expenses related to the maintenance and education of a child. Your child should be under 3 ...

One of the major points of discussion for employees and pensioners has been about the possibility of the merger of dearness allowance (DA) with the basic pay. After the recent 2% DA hike ...

JCM, in its meeting with the DoPT secretary in February, demanded the merger of DA with basic pay before the 8th Pay Commission is implemented.

The example is for an employee who will retire on March 31, 2025, after 27 years of service. The estimated monthly pension will be Rs 57,375. UPS vs NPS vs OPS: Rs 94,000 average basic pay at ...

UPS offers a minimum assured pension of Rs 10,000 on the completion of 10 years of service. The pension will be 50 per cent of the 12-month average basic pay prior to superannuation of an employee ...