Tag: pension
SC: Pension cannot be denied due to incorrect deductions
As per a new judgement passed by the Supreme Court, an employee can’t be denied pension just because his/her employer made any wrong deductions...
Ministry of Labour complies with SC’s directions regarding higher pension option
As per a press release by the Ministry of Labour and Employment, the EPFO has made arrangements for obtaining applications for validation of option...
Understanding end-of-service benefits for insured Emiratis in the UAE
Emiratis who are insured through the General Pension and Social Security Authority (GPSSA) are required to complete a minimum of one year in their...
EPFO may amend pension scheme
The Ministry of Labour and the Employees’ Provident Fund Organisation (EPFO) are planning to re-examine the Employee Pension Scheme (EPS) so that it becomes...
Unions want OPS restored, Raghuram Rajan says, ‘not a good idea’
While various employee unions of Central and state governments are threatening to agitate if the old pension scheme is not restored, Raghuram Rajan, former...
Pension bills surpass salary, wages bill of centre & 3 states:...
Expenditure on pension has become an important part of the fixed expenditure for the Central and state governments in recent years, mentions the latest...
Kerala HC says pension is a Constitutional right for an employee
The payment of a retired employee’s pension is not dependent on the employer’s whims and fancies, held the Kerala High Court saying that it...
Employees are entitled to salary / pension as part of Constitutional...
The Orissa High Court has held that employees, whether current or former, are entitled to salary or pension, whichever the case, as a Right...
Centre eases family pension rules for kin of missing govt employees
As per a notification from the Department of Personnel and Training (DOPT), pension rules have been eased out. Following relaxation of certain rules by...
Salary limit for pension may be increased to 21,000:EPFO
Employees' Provident Fund Organisation (EPFO), the retirement fund body, is thinking of hiking the existing salary cap for pension from Rs 15000 to Rs...
Kerala’s welfare fund for IT-ITES staff ensures Rs 3K pension
Government of Kerala has announced a welfare fund for the staff of the information technology (IT) and information technology-enabled services (ITES) sectors in the...
Disability compensation for all CG staff
Henceforth, all serving Central-government employees who are rendered disabled in the line of duty and retained in spite of their disability, will receive ‘disability...
Pension rules relaxed for family of deceased CG employees
The families of Central government employees who die an untimely death in service may not have to run from pillar to post to receive...
Provisional pension for Central govt staff retiring during pandemic
Employees of the Central government who are retiring during the COVID-19 pandemic will now receive provisional pension, till their regular pension payment order (PPO)...
EPFO releases Rs 868 Cr pension and Rs 105 Cr arrears
As per a confirmation from the Ministry of Labour & Employment, the Employees’ Provident Fund Organisation (EPFO) has released Rs 868 crore pension in...
EPFO urges a/c holders to use online facilities
Even with a nationwide lockdown pushing people to stay indoors, individuals worried about their provident fund accounts no longer need to do so. The...
Pensioners to benefit from changes in EPS, 1995
The Government recently made changes to the Employees’ Pension Scheme (EPS), 1995, as a result of which more than six lakh pensioners may benefit....
Post regularisation of contractual employee, pension granted to kin of deceased
Recently, the Himachal Pradesh High Court passed a verdict, pertaining to a contractual government employee. An employee hired on temporary basis is entitled to...
Aykroyd Formula to replace 7th Pay Commission
In future, the remuneration of Central-government employees will in all likelihood be fixed by a new system known as the Aykroyd formula, instead of...
Central Govt. employees need to watch out
Central-government employees are required to observe a certain level of decorum during their working years, in order to enjoy pension and gratuity benefits without...
Indians score high on retirement preparedness: Aegon survey
A survey by Aegon, the Dutch multinational insurance company, reveals that Indians are the most optimistic in terms of preparedness for life after retirement.
The...
Parity for Regional Rural Bank employees; SC asks Govt. to pay...
It will benefit the existing 80,000 employees as well as 20,000 retired employees
More benefits for government employees
Divorced daughters will now be eligible for family pension, if a divorce case has been filed before the death of the pensioner.
Enhanced payment transparency obligations for employers: Report
The European Parliament and Council, has passed a directive aimed at enhancing the implementation of the equal pay principle for men and women. The...
Latest
TCS issues memos to employees over work from office violations
Tata Consultancy Services (TCS), a leading IT company, has issued memos to employees who disregarded the company's 'work from office' policy. It had implemented...
Rohit Jawa to take over as MD & CEO, HUL, on 27 June
Rohit Jawa will be stepping into the shoes of Sanjiv Mehta, as the MD and CEO of Hindustan Unilever, with effect from 27 June,...
Saudi Arabia approves 18 certificates to boost workforce development
With the aim to enhance job prospects and facilitate career growth for the national workforce, Saudi Arabia's human resources development fund has taken big...
Is Rolls-Royce preparing to lay off 30% of workforce?
Rolls-Royce is undergoing a streamlining exercise to increase efficiency. The process will involve some transformation and important changes in the structure / management.
With consultants...
DIALOGUE
Data analytics and not technology will redefine HR
Q. How satisfying has been your professional journey of 39 years?
A. It has been a bagful of mixed experiences. At times I have been...
EQ, IQ & empathy define the success of a CEO
Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...
“The big change has been that we have moved from jobs to skills,” Amaresh...
Q. How would you define the culture at GE?
A. Having been present in this region since 1902, GE has been around for 120 years....
