Tag: Pension Calculation
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Understanding the Contributory Pension Scheme (CPS) in Andhra Pradesh
Introduction The Contributory Pension Scheme (CPS) has been a significant reform in retirement benefits for Andhra Pradesh government employees. Introduced to replace the old pension system, CPS aligns with national pension reforms and reflects a modern approach to pension management. What is the Contributory Pension Scheme (CPS)? CPS, also known as the New Pension Scheme…
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Supreme Court Order on Notional Increment for Central government Pensioners
Overview On October 14, 2024, the Department of Personnel & Training (DOPT) issued a significant Office Memorandum (O.M) in response to the Supreme Court’s order regarding the grant of notional increments for pension calculation. This development is crucial for Central Government employees who retired on June 30th or December 31st and is guided by the…