Today news
About the same in other media
Govt may amend pension scheme
Reading now: 288
₹2.34 trillion. What makes the old pension scheme adopted by many states politically attractive is that it offers an assured benefit to the retiree, fixed at 50% of the last drawn basic pay.
Also, like their salaries, pensions under the old scheme are routinely hiked to account for rising inflation. Ghosh’s research showed that pension liabilities of states over the long term have spiked.
The compounded annual growth in pension liabilities for the 12-year period ended 2021-22 was 34% for all state governments. As of 2020-21, the pension outgo as a percentage of revenue receipts stood at 13.2%, Ghosh’s research showed."Exciting news! Mint is now on WhatsApp Channels
. Read more on livemint.comAbout this in other media
7th Pay Commission: Dearness Relief Hike Notification for Central Govt Pensioners/Family Pensioners financialexpress.com /1 year ago
Govt may ask PSUs to pay higher dividends livemint.com /1 year ago
Dearness relief (DR) hiked by 4% for Central Govt pensioners, family pensioners: Who are eligible, when will they get it? Govt answers economictimes.indiatimes.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
