Govt Announces Family Pension For LIC Employees, Hikes Gratuity Limit For Agents
More than 13 lakhs agents and more than 1 lakh regular employees, who play a pivotal role in the growth of LIC and deepening of insurance penetration in India, will benefit from these welfare measures, a statement said.
Sep 18, 2023, 16:57 PM IST
Major relief for government employees! Family pension rules relaxed for THESE central govt staff –Check new rules
The new Family pension rules for such missing central government employees will provide a huge relief, particularly in those regions where instances of government employees going missing are reported more frequently.
May 24, 2022, 11:07 AM IST
Defence Ministry changes family pension rules, dependents can now get up to Rs 2.5 lakh pension
The Defence Ministry has increased the maximum limit of family pension payable to dependents in accordance with the 7th Central Pay Commission (CPC).
Oct 30, 2021, 19:50 PM IST
7th Pay Commission: Family pensioners can now get Rs 1.25 lakh monthly pension, check new rule
The central government has changed the rules to allow family pensioners to get up to Rs 1.25 lakh monthly pension.
Sep 29, 2021, 23:00 PM IST
Family Pension latest update! Income limit of differently abled dependents raised
Presently, the disabled child/sibling is eligible for family pension if overall monthly income of disabled child/sibling from sources other than family pension is not more than Rs. 9,000/- along with dearness relief thereon.
Sep 29, 2021, 15:31 PM IST
Big news for bank employees! Family pension hiked upto Rs 35,000, NPS corpus enhanced to 14%: Details here
The Government has increased the family pension to 30% of last salary drawn. It has also approved the proposal to increase employer’s contribution under the NPS to 14% from the existing 10%.
Aug 26, 2021, 12:54 PM IST
Family pension of PSB bankers hiked to 30% of last salary! Payout to increase by up to Rs 35,000
Department of Financial Services (DFS) India Secretary Debasish Panda had announced the hike in the family pension during the launch of EASE 4.0 by Finance Minister Nirmala Sitharaman in Mumbai.
Aug 25, 2021, 18:26 PM IST
7th Pay Commission: Big decision on pension! THESE children to get hike in family pension
The government has given its stance on the income criteria for eligibility of family pension, applicable in the case of other family members, may not be applied in the case of a child or sibling suffering from a disability.
Aug 14, 2021, 14:34 PM IST
7th Pay Commission: New changes in central govt. family pension rules: Here’s how it will benefit employees
According to the Rules 80 (A) of the CCS (Pension) Rule 1972, after a government employee dies doing his/her duty, the Provisional Family Pension will be sanctioned to his/her family members once the Family Pension case has been given to the Pay and Accounts Office.
Jun 04, 2021, 15:30 PM IST
7th Pay Commission latest update: Modi Govt raises THIS ceiling by nearly 3-fold from Rs 45,000 to Rs 1.25 lakh
Since the highest pay has been revised to Rs 2,50,000 per month after the implementation of 7th CPC recommendations, therefore the amount prescribed in Rule 54 (11) of CCS (Pension) Rules has also been revised to Rs 1,25,000 per month being 50 per cent of Rs.2,50,000 and Rs 75000 per month being 30 per cent of Rs 2,50,000.
Feb 15, 2021, 15:53 PM IST
7th Pay commission BIG update: Narendra Modi govt announces massive hike in family pension; check details on upper ceiling and more
Earlier instructions laid down that the total amount of two family pension in such cases, shall not exceed Rs 45,000 per month and Rs 27,000 per month which were determined at the rate of 50 per cent and 30 per cent, respectively taking into account the highest pay of Rs. 90,000 as per 6th CPC recommendations.
Feb 12, 2021, 21:26 PM IST
Massive hike in family pension; Narendra Modi govt's BIG announcement; all you need to know
The Minister said that the Department of Pension & Pensioners' Welfare (DoPPW) has issued a clarification on the amount admissible in case a child is eligible to draw two family pensions after the death of his or her parents. Singh said that the amount of both the family pensions will now be restricted to Rs 1,25,000 per month, which is more than two and half times higher than the earlier limit.
Feb 12, 2021, 20:30 PM IST
