EDITORIAL: An office memorandum issued by the Finance Division noted a change in the calculation of emoluments for the purpose of pensions as proposed by the Pay and Pension Commission 2020 as ...

Determining Benefit Formula: The benefit formula ... Years of Service: The length of service is a crucial determinant in pension calculation, especially for Defined Benefit Plans.

The Finance Division (Regulations Wing) issued an office memorandum, “calculation of emoluments for the purpose of pension”, stated “…on the recommendations of Pay and Pension Commission ...

2. Eligibility for Pension To qualify for an EPS pension: 3. Pension Calculation Formula The pension amount is determined using this formula: EPS Pension = (Average Salary × Pensionable Service ...

The 8th Pay Commission is anticipated to follow in the footsteps of the 7th Pay Commission by utilising the Aykroyd formula ...

A loophole in the pro-rata method for calculating higher PF pensions may lead to reduced pension amounts for employees.

The government’s new Unified Pension Scheme (UPS) notification, effective from April 2025, outlines pension benefits for ...

The Centre is very soon expected to announce the composition of the 8th Pay Commission, which will have two members under a ...

How much will my pension pot be worth at retirement? The Which? pension calculator gives you an idea of how much your savings could be worth at retirement, as well as the annual income you could ...

Union Minister of Labour and Employment Mansukh Mandaviya has been taking regular meetings with EPFO officials to review the ...