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The Arunachal Pradesh government on Monday launched e-Bhavishya, a pension reform initiative aimed at ensuring transparent, speedy, and hassle-free disbursement of retirement benefits to government employees. Announcing the initiative through a social media post, Chief Minister Pema Khandu said the government was committed to honouring the service of its employees by ensuring that they receive their dues on time. He said the new system would guarantee delivery of the pension payment order (PPO) on the day of retirement, thereby removing delays that have long troubled pensioners. The reform also introduces real-time updates for retired employees on the status of their pension cases through the digital platform. Officials said with the introduction of e-Bhavishya, over 95 per cent of pension cases are expected to be disposed of within the next three years. Part of the government's broader agenda under 'PEMA 3 Year of Reforms & Growth', the initiative aims to bring accountability, .
The Centre on Wednesday informed the Supreme Court that it recently notified the Unified Pension Scheme which might address the concerns of judicial officers. A bench of Justices B R Gavai and Augustine George Masih heard the submission made by the Centre's counsel. Attorney general R Venkataramani and solicitor general Tushar Mehta appeared for the Centre and apprised the bench about the Unified Pension Scheme (UPS). The matter relates to the applicability of the New Pension Scheme to the officers of the district judiciary. "It is the submission of the attorney general as well as the solicitor general that the Unified Pension Scheme may address concerns of all the employees, including the judicial officers," observed the bench. The court therefore found it appropriate to defer the matter for some time to experience how the Unified Pension Scheme worked and then take a call on the issues at hand. The matter would be heard after 12 weeks. The case raises concerns over the disburse
As many as 17.49 lakh members of retirement fund body EPFO have applied for the option to contribute on their actual (higher) basic pay for eventually getting higher pension after an apex court order in November 2022, Parliament was informed on Monday. Presently, these applicants are either contributing or contributed on fixed threshold of Rs 15,000 per month, irrespective of their higher actual basic wages. "In implementation of the judgement on November 4, 2022 passed by Supreme Court, an online facility was provided by EPFO, wherein total 17.49 lakh applications for Validation of Option/Joint Options were successfully submitted by the applicants," stated Minister state of Labour & Employment Shobha Karandlaje. On November 4, 2022, the Supreme Court ruled in favour of existing employees being able to opt for a higher pension under the Employees' Pension Scheme (EPS), 1995. The Employee Pension Scheme 1995 (EPS-95), which the Employees' Provident Fund Organisation (EPFO) ...
The gross enrolments under the Atal Pension Yojana have crossed the 7 crore mark, the Pension Fund Regulatory and Development Authority said on Tuesday. This is the 10th year of the rollout of the Atal Pension Yojana (APY). The scheme was launched on May 9, 2015, to create a universal social security system for all Indians, especially the poor, underprivileged and workers in the unorganised sector. The total gross enrolments under the scheme have crossed 7 crore, with an enrolment of over 56 lakh members in the current financial year 2024-25, the Pension Fund Regulatory and Development Authority (PFRDA) said in a statement. This feat of bringing in the most vulnerable sections of society under the coverage of pension has been made possible with the untiring efforts of all the Banks and SLBCs, it said.
A delegation of pensioners' body EPS-95 National Agitation Committee on Tuesday met with senior officials of the Employees' Provident Fund Organisation to press for their long-standing demand for a minimum monthly pension of Rs 7,500. The members also demanded full medical coverage for EPS members and their spouses, EPS-95 National Agitation Committee (NAC) said in a statement. "An invitation came to us from Employees' Provident Fund Organisation (EPFO) for a meeting. The objective of the meeting was to resolve the pending demands of the pensioners," EPS-95 NAC President Ashok Raut said. The EPS-95 NAC members have been protesting to press for their demand of Rs 7,500 as monthly pension instead of an average monthly pension of only Rs 1,450 at present, he said. Raut said the pensioners have been demanding an increase in the minimum pension for the past eight years, but the government has not addressed their demands. Earlier this month, Union Minister for Labour and Employment Mans