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HomePersonal FinanceAdditional Pension: Good news for pensioners! 20-100% additional pension, who will get...

Additional Pension: Good news for pensioners! 20-100% additional pension, who will get how much?

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Pension For Super Senior Citizens: The Department of Pension and Pensioners Welfare (DoPPW) has recently reaffirmed that central government pensioners who attain the age of 80 are eligible for additional pension.

Central Government Pensioners : There is an important news for Central Government employees and pensioners who have retired from central services. A few months ago, an important update came for pensioners. It is related to their pension. You can find out about it in this post.

Pensioners: Central Government Pensioners

The Department of Pensions and Pensioners’ Welfare (DoPPW) has recently reaffirmed that central government pensioners who attain the age of 80 years are eligible for additional pension. The notification was issued through an office memorandum. It details the benefits available to pensioners based on their age.

Additional Pension: Additional Pension Specification

The additional pension, called age-wise compassionate allowance, is structured as follows:

  • From 80 years to 85 years: 20% additional pension on basic pension
  • From 85 years to 90 years: 30% additional pension on basic pension
  • From 90 years to 95 years: Additional pension of 40% of the basic pension
  • From 95 years to 100 years: 50% additional pension on basic pension
  • For those aged 100 and above: 100% additional pension on the basic pension

Let’s understand this with an example. A pensioner aged 81 will receive an additional 20% of his basic pension. A pensioner aged 95 will receive an additional 50% of his pension.

Compassionate Allowance: How is additional pension calculated?

The additional pension will come into effect from the first day of the month in which the pensioner reaches the age of 80. For example, if a pensioner was born on August 20, 1942, he will start receiving 20% ​​additional pension from August 1, 2022. The objective of this policy is to support and provide financial security to senior citizens who have dedicated their lives to public service.

The memorandum asks all ministries and pension disbursing authorities to ensure that these rules are communicated effectively.

Will the age limit for additional pension change?

There has also been a long-standing demand for the age at which pensioners start getting additional pension. As per the current rule, pension is increased by 20% after the age of 80. However, there are some complaints about this. Pensioners have a high demand for money only between the ages of 65 and 75. On the contrary, there is a widespread view among many that there is no point in increasing pension after the age of 80. A parliamentary committee has also made a recommendation in this regard.

What is the recommendation of the parliamentary committee?

  • It has been recommended to increase pension by 5% at the age of 65, 10% at the age of 70, 15% at the age of 75, and 20% at the age of 80.
  • That is, there is a demand to increase the pension by 5% every 5 years from the age of 65.
  • However, no clear decision has been made on this yet.
  • As per this recommendation, it is expected that this change will be implemented soon.

If the age limit for additional pension is changed, it will be a huge gift for pensioners.

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Deepak Kumar
Deepak Kumar
Deepak Kumar has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @deepakmaurya152004@gmail.com
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