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Other states have launched state pension schemes that cover individuals from non-BPL households who are not eligible for social pensions under NSAP. In Odisha , for instance, all elderly above 59 years of age and widows whose annual income from all sources is below ₹ 24,000 (US$270) are eligible for the Madhu Babu Pension Scheme.
Committed expenditure in the state budgets consisting of interest payments on borrowed money and salaries to government employees along with pensions for retirees accounts for a significant portion of the total revenue expenditure (over 35%) in states like Kerala, Punjab, Haryana, etc., leaving little scope for developmental expenditure.
The Employees' Pension Scheme (EPS) has been controlled by the EPFO since 1995. The main advantage of this scheme is to provide social security to PF members. Under this scheme, employees working in the organised sector can gain pension benefit after reaching age 58. This EPS applies to new and existing members.
Government of Haryana, also known as the State Government of Haryana, or locally as the Haryana Government, is the supreme governing authority of the Indian state of Haryana and its 22 districts. It consists of an executive, ceremonially led by the Governor of Haryana and otherwise by the Chief Minister, a judiciary, and a legislative branch.
Pradhan Mantri Shram Yogi Maandhan is a social welfare scheme launched by the Ministry of Labour and Employment of the Government of India in February 2019 [1] for poor labourers in the unorganised sector from minimum 18 years of age to maximum 40 years.
This department came into existence when Haryana was established as a new state within India after being separated from Punjab. Dushyant Chautala is the cabinet minister responsible for this department from October 2019. [1]
[2]: para 10.1–2, and 6.2 In addition, the Government, on the basis of the report of third Pay commission, from which Armed Forces representation was excluded, and which was dominated by bureaucrats, increased the pension of civilians, who retired at 58, from 30 to 50 percent, a net increase of 20 percent; and reduced the pension of soldier ...
In the unified pension system, a civil servant contributes 10% of their salary while the government contributes 18% each month on their behalf. After retirement, the civil servant receives 50% of their basic pay of the average of the last 12 months preceding retirement. The pension is indexed to inflation and increases every years. [14]