Retirement planning: The Unified Pension Scheme (UPS) is a hybrid pension plan that combines elements of defined contribution and defined benefit to provide a reliable income stream for retirees. Initially introduced by the Government on January 24, 2025, as an alternative within the National Pension System (NPS), UPS is scheduled to go into effect on … Read more
The disbursement of pension to retired government employees is regulated by the relevant schemes established by both the central and state governments. Pension payments are facilitated through authorized banks, who are required to adhere to guidelines outlined in the Reserve Bank of India’s “Master Circular – Disbursement of Government Pension by Agency Banks”. Recently, the … Read more
Years before President Trump returned to the White House, his budget chief, Russell T. Vought, began mapping out a plan to shrink the federal government. In Mr. Vought’s design, spending would be slashed by about $9 trillion over the next decade. Entire federal programs — from housing vouchers to student loans — would be eliminated. … Read more
President Trump instructed a broad swath of government agencies on Thursday to end collective bargaining with federal unions, a major escalation in his effort to assert more control over the federal work force. Mr. Trump framed the order as critical to protect national security. But it targets agencies across the government, including the Departments of … Read more
NPS vs OPS: The Central Pension Accounting Office has recently released updated guidelines aimed at ensuring retired employees of the National Pension System receive their pensions in a timely manner. In a memo dated March 12, 2025, the CPAO has reiterated to officials involved in processing NPS pension cases that they should adhere to the … Read more
A federal judge on Thursday ordered six federal agencies to rehire thousands of workers with probationary status who had been fired as part of President Trump’s government-gutting initiative. Ruling from the bench, Judge William H. Alsup of the U.S. District Court for the Northern District of California went further than a previous ruling. He found … Read more
Federal workers started to receive emails late Friday evening asking them to provide a list of accomplishments from the week, a reprise of a request by Elon Musk that spread fear and confusion through the government just days ago. The email, titled “What did you do last week? Part II,” echoed an email sent to … Read more
On the 39th floor of a Midtown Manhattan high-rise, Gov. Kathy Hochul on Tuesday presided over a series of meetings to discuss one of the most consequential decisions of her tenure: whether to remove Mayor Eric Adams from office. She solicited opinions from Brad Lander, the city comptroller, and Adrienne Adams, the City Council speaker. … Read more
8th Pay Commission: The introduction of the 8th Central Pay Commission (CPC) on January 1, 2026, will lead to the revision of salaries, pensions, and allowances for over one crore central government employees and pensioners, providing them with notable benefits. The announcement of the 8th Pay Commission has sparked interest in how much will be … Read more
The gratuity is a single lump sum payment awarded to an employee in recognition of their extended service. This amount is determined by the employee’s final salary and length of service. The gratuity limit for central government employees has been raised to Rs 25 lakh from the previous amount of Rs 20 lakh, effective January … Read more