The Rexam Pension Plan has carried out a trivial commutation exercise, contributing towards a reduction in total membership as defined benefit schemes are trying to reduce costs. Trivial commutation ...
In a development that could trigger a fresh debate over whether the centre should fully restore the pension of its employees after 12 years instead of 15 years, a Mumbai-based tribunal recently gave a ...
The National Council (Staff Side) of the Joint Consultative Machinery (JCM) — the body that speaks for lakhs of central government employees — has written a letter to Prime Minister Narendra Modi, ...
The IBM Pension Trust has updated its cash commutation factors, offering transferring members across its schemes higher lump sums when exchanging part of their defined benefit entitlements. As DB ...
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Big Relief Likely For Pensioners, Government May Reduce Commuted Pension Period To 12 Years Under 8th Pay Commission
New Delhi: Retired government employees and current staff are hopeful that the 8th Pay Commission will recommend significant changes to the pension commutation rules. One of the key proposals is to ...
Hyderabad: The Telangana high court has upheld the state govt's policy of recovering commuted pension amounts over a 15-year period, dismissing nearly 100 petitions filed by retired govt employees.The ...
In a major relief to the Punjab pensioners who retired between July 31, 2003 and October 30, 2006, the high court has ruled that they are entitled to a higher rate of commutation. The state government ...
Australian veterans fronted a Senate committee calling out the government for a legacy pension product that has seen them potentially stripped of hundreds of thousands of dollars.
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