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EPFO: Why will you get your full pension back after 15 years? Learn about commuted pension and how this rule works

Commutation of pension is an important option for government employees, where a portion of the pension can be withdrawn in lump sum at the time of retirement. So, learn how to get the full pension ...
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PF, gratuity, leave encashment, pension commutation and all income tax benefits for retired employees released in a brochure by income tax dept

The Income Tax Department has released a new brochure which mentions all the benefits under the Income Tax Act, 1961 which retired employees, both private and public sector, can avail. This brochure ...
The Financial Express

Commuted pension restoration in 11 years instead of 15? Employees’ body writes to PM Modi on ToR gaps

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, ...
Pensions Expert

Rexam reduces membership through commutation exercise

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 ...
The Financial Express

8th Pay Commission to recommend changing pension commutation period to 12 years? Demand back in focus ahead of ToR

Ahead of the finalisation of the Terms of Reference (ToR) for the 8th Pay Commission, the issue of pension commutation is back in focu. It is an old demand of employee unions that the period for ...
Pensions Expert

Pension actuaries urged to improve commutation advice quality

On the go: Pension scheme actuaries are being called to improve the quality of the advice they are giving trustees on commutation rates, after a review of their work by the Institute and Faculty of ...