8th CPC: Pension estimates for Rs 25K-Rs 75K payouts
The Union Ministry of Finance has announced a Dearness Allowance (DA) hike, which will benefit 48 lakh employees and 68 lakh pensioners under the Old Pension Scheme (OPS). The most common demands are that the basic pension should be 67% of the last-drawn basic pay, family pension should be 50% of the last-drawn basic salary, and one-rank-one-pension (OROP) for pensioners based on the defence personnel's pension pattern. The 8th Pay Commission has recommended three fitment factors: 2.0, 2.25, and 2.57.
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