8th Pay Commission: Retirement benefit rules could change - upto 100% pension, OPS-NPS-UPS under discussion
New Delhi, June 1 -- Apart from fitment factor and DA hike, this time, consultations around the 8th Pay Commission are also focusing on the possibility of introducing a new pension structure for retired central government employees, with retirement security becoming an important issue of discussion. Here's a look at it:
"For a decent and dignified life after retirement to support a minimum two member family units full pension should be fixed at 67% of the Last Pay Drawn (LPD) or the Average of the last 10 months emoluments which is more beneficial instead of the present 50%," NC-JCM in its said memorandum to the 8th CPC.
It also cited a recommendation by a Parliamentary Standing Committee, which proposed granting an additional 5% pensio...
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