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The EPS-95 came into force on 19.11.1995. Review and revision of schemes is an ongoing process. The provisions of the EPS-95 are reviewed from time to time based on the recommendations of the Expert Committee and the High Empowered Monitoring Committee as well as taking into account the actuarial evaluation of the Employees' Pension Fund. [15]
Govt approves minimum monthly pension of ₹ 1,000 (US$12) per month under EPS-95 scheme run by EPFO; Committee will be set up to examine how unused money in postal schemes can be utilised; Govt announces schemes for disabled persons; to set up 15 new Braille press and revive 10 existing ones
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The Guaranteed Minimum Pension (GMP) is the minimum pension which a United Kingdom occupational pension scheme has to provide for those employees who were contracted out of the State Earnings-Related Pension Scheme (SERPS) between 6 April 1978 and 5 April 1997. The amount is said to be 'broadly equivalent' to the amount the member would have ...
Key Points from 24/7 Wall St.: The maximum Social Security check in 2025 is $5,108. There’s a maximum check because there is a cap on how much income is used to calculate benefits.
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Currently set to go into effect Feb. 21, the minimum wage changes will also alter the wages for “tip credit” jobs, which allows employees to be hired for less than minimum wage but earn tips.