8th Pay Commission pension rules: Why employee and pensioner bodies want faster restoration of commuted pension

Central government pensioners and employee organizations are advocating for a reduction in the 15-year period for the restoration of commuted pensions, proposing a timeframe of 10 to 12 years. They argue that the current rule, established decades ago, does not reflect modern financial and demographic realities. The 8th Pay Commission is expected to address these concerns in its upcoming recommendations.

Read the source (Mint Money)

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