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The Finance Department has issued an order to postpone indefinitely the crediting of the first installment of pay revision arrears to their Provident Fund accounts, citing a severe financial crisis.
In the R C Gupta case of 2016, the Supreme Court had ruled that the EPFO’s decision to fix a cut-off date to give option for higher pension was wrong.
Our message to Brazil is one of hope and reconstruction, Lula said in a speech in Congress' Lower House after signing the document that formally instates him as president.
Term deposits for a period of two years would now fetch an interest of 5.7 per cent.
Central government employees and pensioners have been entitled to higher amount of DA and DR respectively, with effect from July 1, 2022
Presently, over 138 regional offices of the Employees' Provident Fund Organisation (EPFO) disburse pensions to beneficiaries in their region separately.
Many frontline private hospitals such as the Regional Cancer Centre, Thiruvananthapuram, and Malabar Cancer Centre, Thalassery, find a place on the list.
The Parliamentary Permanent Standing Committee has recommended the government to implement the hike in pension commensurate with the age from 65 instead of the present 80.
The Pension Accounting Office has also warned of stringent action against officials who have the habit of sitting on pension-related complaints.
The Centre informed the Parliament that the central pension department had examined the recommendations in detail and assessed the additional financial liability involved before handing over the proposal to the Finance Ministry.