The Ministry of Finance has issued notifications regarding three key amendments to the pension rules.
According to the notification, the family pension will now be limited to 10 years whereas if the pensioner dies, only legal heirs will be eligible to receive the pension transfer.
The notification stated that the spouse of a deceased pensioner will continue to receive a pension for 10 years after their death. Furthermore, if a deceased pensioner’s child is disabled, they will be eligible to receive pension for life.
The ministry has also announced measures to discourage early retirement, including a 3% deduction in pension for early retirement. This deduction will apply to the remaining service period up to 60 years.
