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 ...
Consultants have reported more schemes considering bulk trivial commutation exercises, in an attempt to drive down administration costs and liabilities, after the amount members could take as a lump ...
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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 ...
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