“Qualifying service of 25 years for “assured pension” be reduced to 20 years for rendering justice to all so that those recruited at the age of beyond 35 years due to belated induction will be covered under assured pension. 1/10th of monthly emoluments for every completed six months of service for the purpose of lump sum payment be reviewed and modified to… 1/4th of monthly emoluments so that the employee on superannuation date will receive a reasonable lump sum payment, considering the fact that s/he is foregoing the 60 per cent of annuity amount under the UPS,” NFIR suggested.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)