8th pay commission: DR and fitment factor hike, age-based enhancement — Here's a look at key pension revision demands
Jocelyn Fernandes
8th CPC: What are key pension related demands?
Increase minimum pension to 67% of the Last Pay Drawn (LPD) or the average emoluments drawn during the last 10 months of service.
Revision of the fitment factor used for pension calculations.
Review of the Dearness Relief (DR) structure and its integration into pension benefits.
Expansion of the scope of family pension benefits.
Increasing the gratuity ceiling and revising pension commutation rules.
Option to choose between different pension systems — Old Pension Scheme (OPS), National Pension System (NPS) or the Unified Pension Scheme (UPS) — based on a retirees' preferences and needs.
Introducing progressive age-based pension enhancement up to 100% of the LPD for pensioners aged 90 years and above. Check below table:
Meetings with employee groups, stakeholders planned
Bhubaneswar, Odisha: The 8th CPC is also scheduled to host a meeting in Bhubaneswar, Odisha on 6 and 7 July (Monday-Tuesday) to conduct talks with concerned stakeholders. Registration for appointments closed on 15 June.
Kolkata, West Bengal: The commission will further visit Kolkata on 9 and 10 July (Thursday-Friday). Appointment requests were allowed till 15 June.
It also announced intent to visit various railway departments under the Central Railway Zone in Mumbai to gain firsthand experience of employees' working conditions
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