Dearness Relief hiked to 50% - What does it mean for central government pensioners - know eligibility and payment details here
India Business News: The central government has recently announced a 4% hike in Dearness Relief (DR) for pensioners, effective from January 1, 2024. This adjustment will increase the DR to 50% for eligible pensioners. Eligibility and calculation details are provided in a March 13, 2024 Office Memorandum from the Department of Pension & Pensioners’ Welfare (DoPPW). Here's what you need to know about who qualifies for this increase and when they can expect to receive it. Key Points
Times Of IndiaDearness relief (DR) hiked by 4% to 50% for central govt pensioners: Who are eligible, when will they get
Central govt pensioners, family pensioners: The Department of Pension & pensioners Welfare (DoPPW) released an Office Memorandum mentioning which pensioners and family pensioners will be eligible for the recent dearness relief (DR) hike and how the payment of DR will be calculated. It will instructed the pension disbursing banks to arrange payments of dearness relief to pensioners or family pensioners without waiting for any further instruction from other authorities. Read here Key Points
Economic TimesEPS-95 pensioners stage demonstrations to press for minimum monthly pension of Rs 7,500
Pensioners under the Employees' Pension Scheme 1995 (EPS-95) demonstrated at 110 offices of the Employees' Provident Fund Organisation (EPFO) across India, urging for a minimum monthly pension of Rs 7,500 plus dearness allowance. Presently, the minimum monthly pension is Rs 1,000, initiated from September 1, 2014. Key Points
Economic TimesDearness relief (DR) hiked by 4% for Central Govt pensioners, family pensioners: Who are eligible, when wi
Central Govt pensioners, family pensioners: The Department of Pension & pensioners Welfare (DoPPW) released an Office Memorandum mentioning which pensioners and family pensioners will be eligible for the recent dearness relief (DR) hike and how the payment of DR will be calculated. It will instructed the pension disbursing banks to arrange payments of dearness relief to pensioners or family pensioners without waiting for any further instructions from other authorities. Read here to know more details Key Points
Economic TimesPay arrears to pensioners, gallantry winners of armed forces; SC gives deadline to Centre
Eligible pensioners above 70 years must be paid by June 30. Check other deadlines given by the Supreme Court. Key Points
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Cabinet approves 4 per cent Dearness Allowance hike for central govt employees and pensioners
Union Minister Piyush Goyal said 49.18 lakh employees and 67.95 lakh pensioners will benefit from the decision. It would cost Rs 12,868.72 crore per annum to the exchequer. Key Points
ThePrintpensioners threaten hunger strike over insufficient pensions; Demand Rs 7,500 minimum monthly pension
Pensioners covered by the Employees' Pension Scheme 1995 (EPS-95) are planning a hunger strike to demand an increase in their minimum monthly pension to Rs 7,500, up from the current Rs 1,000 set in September 2014. Despite assurances from the Union Labour Minister, discontent remains, prompting the National Agitation Committee to announce a second indefinite hunger strike at Jantar Mantar in New Delhi. Over 50,000 pensioners may join the protest if their demands are not met by January 31, with dissatisfaction arising from the perceived inadequacy of the current pension structure. The EPFO manages the concerns of 78 lakh pensioners in the country, facing a significant challenge as the agitation gains momentum. Key Points
Economic TimesHimachal CM announces 3% DA hike, ₹1,500 monthly allowance for women
The DA has been raised from 31 percent to 34 percent, benefiting around 2.15 lakh employees and 1.90 lakh pensioners Key Points
mintCentre likely to hike dearness allowance by 3 pc to 45 pc
The central government is likely to increase the dearness allowance (DA) for its over one crore employees and pensioners by three percentage points to 45 per cent from the existing 42 per cent as per the agreed formula for the purpose. Presently, over one crore central government employees and pensioners are getting a 42 per cent dearness allowance. Key Points
Economic TimesEPS-95 pensioners to go on hunger strike on Thursday, demand Rs 7,500 minimum monthly pension
Pensioners body EPS-95 National Agitation Committee on Wednesday said its members across the country and in the national capital will go on hunger strike on Thursday to press for their demand of Rs 7,500 minimum monthly pension. Presently, the pensioners under the Employees' Pension Scheme 1995 (EPS-95) run by Employees' Provident Fund Organisation (EPFO) have a minimum monthly pension (entitlement) of Rs 1,000 which was introduced in September 2014. Key Points
Economic Times
Cabinet clears DA hike of 4 per cent, Rs 200 LPG subsidy
The Cabinet Committee on Economic Affairs (CCEA) on Friday approved a subsidy of ₹200 per cooking gas cylinder to the beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY). Separately, the Union cabinet approved an increase in the dearness allowance (DA) and dearness relief to 42% of the basic pay or pension from 38%, a move that will benefit 11.7 million government employees and pensioners. Key Points
Economic TimesJeevan Pramaan Patra: These pensioners can submit annual life certificate from October 1
These pensioners have time from October 1 to November 30, 2023 to submit their annual life certificate for pension. The procedure for senior citizens between the ages of 60 and 80 will begin on November 1, 2023. Key Points
Economic TimesHike in senior citizen FD? Additional interest rates should increase from 0.5% to 2%; FM gets proposal
Senior citizen FD: On fixed deposits, most of the public and private sector banks offer 0.25% to 0.50% higher interest rates than what they offer to the general public. Certain banks also offer some additional interest rates to super senior citizens as well. Bharat pensioners Samaj has requested the Finance Minister to hike the additional interest rate to 2% on senior citizen FDs. Read what they are demanding. Key Points
Economic TimesDigital Life Certificate Campaign 2.0: How to submit life certificate through face authentication
The DOPPW has published Comprehensive Guidelines for the Nationwide Digital Life Certificate Campaign 2.0, which will happen in November 2023, for the benefit of 70 lakh Central Government Pensioners. Key Points
Economic TimesCentre hikes DA by 4% for govt employees, pensioners
The Union Cabinet on Friday increased the dearness allowance and dearness relief by 4% to benefit 47.58 lakh central government employees and 69.76 lakh pensioners. The dearness allowance now stands at 42%. Key Points
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Initiated process to withdraw communication on payment of OROP dues in 4 instalments: Govt to SC
In the compliance note of March 17, the Defence Ministry said its budget outlay for financial year 2022-23 is Rs 5.85 lakh crore, of which approximately Rs 1.32 lakh crore is planned expenditure for total pension disbursement. Key Points
The Indian ExpressDA Hike Update: Central govt employees, pensioners likely to get 4% DA, DR hike soon; when to expect, sala
DA Hike Update: The dearness allowance for central government employees is calculated based on the latest Consumer Price Index for Industrial Workers (CPI-IW). The Union government usually revises the dearness allowance twice a year — in January and July. The announcement of an increase in DA generally comes in March. With 4% DA hike, how much will the salary of central government employees increase? Check full calculation here Key Points
Economic TimesHow pensioner can generate digital life certificate from India Post Payments Bank, what are the fees
Every year in November penioners should submit digital life certificate to receive the pension without any glitches. For super seniors (above 70 age), the facility to submit DLC starts from October. Key Points
Economic TimesAadhaar based face authentication: Digital life certificate submission for super senior pensioners starts
It is advised that all banks make use of the various platforms. Banks are advised to facilitate bed-ridden/hospitalized pensioners for submission of life certificate of by deputing Doorstep banking executives. Key Points
Economic TimesUttarakhand CM Dhami approves hike in DA of government employees, pensioners
The cabinet had authorized Uttarakhand Chief Minister Pushkar Singh Dhami to take a decision on increasing the DA of the personnel. Approval has been given by the Chief Minister to increase the dearness allowance in the interest of state employees and pensioners, the statement added. Key Points
Economic Times
Over 1.2 lakh opt for higher Pension under EPS-95
In November last year, the Supreme Court had asked the Employees' Provident Fund Organisation (EPFO) to give four months to subscribers as well as pensioners to contribute on their actual salaries towards EPS-95. Many EPFO subscribers have been contributing on a threshold (pensionable salary) of Rs 15,000 per month, which is less than their actual pay. Key Points
Economic Times