8th Pay Commission: What Is The 12-Year Commuted Pension Demand And Why It Matters
The Centre announced the 8th Pay Commission for over 1 crore employees and pensioners. What the report says on the expected implementation timeline.
8th Pay Commission: The 8th Pay Commission is likely to take effect from January 1, 2026, paving the way for a salary hike for lakhs of central government employees and pensioners. The government announced the 8th Pay Commission on January 16, 2025. However, the formal appointment of its chairperson, members, and the issuance of detailed Terms of Reference (ToR) are yet to be finalised.
Other than that, employees and pensioners have a major pending demand for the upcoming 8th pay commission. They are hoping that the commission will reduce the commuted pension to 12 years from 15 years, offering a big relief against the rising medical and inflationary costs.
The National Council (JCM) – Staff Side, which represents central government employees, has sent a list of demands to the government, according to a report of Financial Express. The 12-year restoration is one of the top issues in that list.
This point was also raised during the SCOVA (Standing Committee on Voluntary Agencies) meeting held on March 11, 2025, which was chaired by the Minister of State for Personnel.
What Is Commuted Pension?
At the time of retirement, employees have the flexibility to take a portion of their monthly pension in a lump-sum amount. The government will then deduct that portion from their pension every month to recover the amount. This is called commutation.
Right now, the deduction continues for 15 years, after which the full pension is restored.
Why Is There A Demand To Reduce To 12 Years?
Unions and Pensioners argue that 15 years is too much given the rising medical costs and living expenses. With the drop of interest rates, retirees, they argue, lose a good part of their pension money.
view comments
First Published:
July 13, 2025, 14:26 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
25 minutes ago
- News18
THDC India raises Rs 600 cr via NCDs
Agency: PTI New Delhi, Jul 20 (PTI) State-owned THDC India raised Rs 600 crore through issuance of non-convertible debentures on private placement basis on July 18, a statement said. The issuance was at a coupon rate of 7.45 per cent with maturity of 10 years. Proceeds of the bonds will be utilized to partly meet debt requirements of ongoing and under construction projects including recoupment of expenditure already incurred and to refinance the existing loans. Sipan Kumar Garg, Director (Finance) and CFO said the bond issue had a base size of Rs 200 crore and a green shoe option of Rs 400 crore, aggregating to a total issue size of Rs 600 crore. THDC India is steadily expanding its portfolio across diverse energy portfolios, and the funds mobilized through this issuance will further strengthen the company's financial position and support its ongoing strategic projects, the statement said. The debt securities will be listed on the Wholesale Debt Market (WDM) Segment of BSE and NSE on July 23, it said. The company has so far issued a total of 13 series of bonds and has successfully raised Rs 10,442 crore from the corporate debt market. PTI ABI ANU Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
37 minutes ago
- News18
India-UK Trade Deal Incoming? Major Economic Pact Likely on July 24
India-UK Trade Deal Incoming? | Major Economic Pact Likely on July 24 | Sources Reveal Details | India-UK Trade Deal Likely On July 24-Sources In a major development, India and the United Kingdom are likely to seal their long-awaited Free Trade Agreement (FTA) on July 24, according to top government sources. This pact is expected to significantly boost bilateral trade, investments, and economic cooperation, creating new opportunities for industries, startups, and job growth on both deal, years in the making, aims to remove trade barriers, enhance market access, and strengthen strategic ties between the two nations. With sectors like defense, pharma, textiles, and technology in focus, the agreement could mark a turning point in India-UK relations.@SiddhantVM and @ElizaSherine bring you the latest from diplomatic sources on what's at stake and how this deal might reshape the global trade landscape. n18oc_world News18 Mobile App -
News18
an hour ago
- News18
Porsche Taycan 4S Black Edition Launched In India, Price Starts At Rs 2.07 Cr
Last Updated: In case if you are interested, the model can be booked by visiting the company's authorised dealership nationwide. The German carmaker Porsche has expanded its production in India by adding an updated Taycan 4S in Black Edition. The model has been released at the starting price of Rs 2.07 crore ex-showroom. In case if you are interested, this can be booked by visiting the company's authorised dealership nationwide. Colour Options According to the details, the latest offering comes with noticeable nip-and-tuck updates, which make it look better compared to the standard model. The vehicle has been offered in Black Edition with multiple colour options that include Jet Black Metallic, Volcano Grey Metallic, Dolomite Silver Metallic and Ice Grey Metallic. What's New? Talking about the exterior details, it features a high-gloss black finish at the front fascia, complemented by a signature style smoked effect fully LED headlight setup, paired with integrated DRLs. The vehicle has been treated with an impressive 21-inch 'Aero Design' alloy wheels with a sweet touch of high-gloss black. The customers also get puddle lamps that offer Porsche lettering in white. Inside the cabin, Black Edition looks quite similar to the standard model. It gets a long list of features that includes an ADAS suite, 360-degree camera, 4-zone climate control, 14-way power adjustable front seats, 710W 14-speaker Bose sound system and panoramic sunroof. Under the hood, it uses 105kWh battery pack that offers a maximum range of 668km with the maximum power of 590 BHP and 710 Nm of torque. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
