No, Supreme Court Hasn’t Reduced Recovery Period for Pension Commutation

Fact-Check: A viral post falsely states that the Supreme Court has issued direction to reduce the recovery period for pension ...

Punjab burdened retirees with cost of its 'self-made' financial crisis: High Court

The Punjab and Haryana High Court ruled Punjab unfairly increased pension commutation rates during a financial crisis, ...
Pensions Expert

Rexam reduces membership through commutation exercise

The Rexam Pension Plan has carried out a trivial commutation exercise, contributing towards a reduction in total membership as defined benefit schemes are trying to reduce costs. Trivial commutation ...
The Financial Express

Commuted pension restoration in 11 years instead of 15? Employees’ body writes to PM Modi on ToR gaps

The National Council (Staff Side) of the Joint Consultative Machinery (JCM) — the body that speaks for lakhs of central government employees — has written a letter to Prime Minister Narendra Modi, ...
The Financial Express

Centre to reduce commuted pension period to 12 years under 8th Pay Commission? Know what’s changing

8th Pay Commission News: Central government employees and retirees are expecting a big relief on the pension commutation front under the 8th Pay Commission, which is expected to come out with its ...

Punjab pensioners win battle against reduced lump sum payments as Punjab and Haryana HC limits scope of 2003 govt circular

Punjab and Haryana HC provided relief restricted to the petitioners, without quashing the 2003 govt circular on pension ...
Pensions Expert

IBM revises cash commutation factors

The IBM Pension Trust has updated its cash commutation factors, offering transferring members across its schemes higher lump sums when exchanging part of their defined benefit entitlements. As DB ...