Revised Commutation Rate for Government Employees’ Pension in Budget 2023’s New Pension Scheme

by | Nov 8, 2023 | Retirement Pension | 20 comments

Revised Commutation Rate for Government Employees’ Pension in Budget 2023’s New Pension Scheme




New Pension Scheme in Budget 2023 | Revised Rate of Commutation of Pension of Govt Employees
#govtemployeesnews #pensionersnews #pensioners #commutationofpension #budget2023 #newpensionscheme…(read more)


LEARN MORE ABOUT: Retirement Pension Plans

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing


The New Pension Scheme (NPS) has been one of the key highlights of the Budget 2023, with the government announcing a revised rate of commutation of pension for government employees. The NPS has been a significant reform in the pension sector, aimed at providing a sustainable and reliable pension system for government employees.

The NPS was introduced in 2004 with the objective of providing pension benefits to government employees and ensuring a secure retirement income for them. The scheme is a defined contribution-based pension system, where the pension amount is determined by the contributions made by the employee and the employer, and the investment returns on these contributions.

In the Budget 2023, the government has announced a revised rate of commutation of pension for government employees covered under the NPS. Commutation of pension refers to the lump sum amount that a pensioner can withdraw from his pension amount at the time of retirement. The new rate of commutation of pension will provide government employees with the option to withdraw a higher lump sum amount from their pension, providing them with added financial security and flexibility in their retirement years.

The revised rate of commutation of pension is a welcome move for government employees, as it will provide them with greater financial independence and the ability to manage their retirement funds more effectively. This move is in line with the government’s efforts to provide better pension benefits to government employees and ensure their financial well-being post-retirement.

See also  Police clash with protesters prior to crucial vote on Macron's contentious pension reform proposal.

The government’s focus on reforming the pension system and providing enhanced benefits to government employees is a positive step towards ensuring the financial security of retirees. The NPS has played a crucial role in transforming the pension landscape in the country, and the revised rate of commutation of pension is a testament to the government’s commitment to further strengthening the pension system.

In conclusion, the revised rate of commutation of pension for government employees covered under the New Pension Scheme is a significant development in the pension sector. It reflects the government’s efforts to provide better pension benefits to government employees and ensure their financial security in their retirement years. This move is likely to bring about positive changes in the pension system, providing government employees with added financial security and flexibility in managing their retirement funds.

Truth about Gold
You May Also Like

20 Comments

  1. Mussarat Perveen

    Sir comut k bgher pantion leny ka treka btaein

  2. Niaz Ahmed

    2021 یا اس سے قبل ریٹائرڈ پنشنرز پر کیا اثر پڑے گا؟ بمہربانی وضاحت فرمائیں۔

  3. Shakeel Ahmad

    نقصان دہ پروپوزل ہے.

  4. Rafaqat Hussain

    Sr please army ki pension key bary m koi update

  5. Muqurrub Ullah

    ارے بھائی۔ اس کئ باتوں میں نہ آو۔ نہ اس کی ویڈیو دیکھو۔ یہ صرف اپنی کمائی کے چکر میں ایسی ہی فضول ویڈیو بناتا رہتا ہے۔ اس سے پہلے اس نے کئی ویڈیوز بنائی ہیں جس میں اس نے کہا ہے کمو ٹیشن نہ لو۔ کموٹیشن لینے میں نقصان ہے۔

  6. Muhammad Zubair

    Plz state that getting commuted value of pension is optional at the discretion of retiring govt servant.
    Also plz do not confuse commutation with gratuity. Thanks

  7. rohaan omair

    Bilkul last stage me fislah Hoga, ibhi tuo Ani Jani
    Lagi hai

  8. usman ali

    ظاہر ھے ہر کسی کو افراط زر سے ہونے والے نقصانات کا اندازہ نہیں ہوتا۔ ظاہر ھے اس میں ہر ریٹائر ہونے والے ملازم کو نقصان ہی نقصان ہو گا۔ اس لئے کم از کم ایک سال اسے ڈیلے کیا جائے ۔ تاکہ سرکاری ملازمین کو بہتر فیصلہ کرنے کا موقع مل سکے۔

  9. REHMAT SHAH

    اچھی سکیم ہے

  10. Asghar Khan

    اچھی کہانی ہے لیکن اس میں ایک جھول ہے کیونکہ restoration پیریڈ نہیں بیان کیا اصل میں کمیو ٹیشن کا مطلب اتنے سالوں کی پیشن بیچی ہے

  11. Neo-Formists | نو تعمیری

    کیا اس کا اطلاق ان ملازمین پر بھی ہوگا جو اس سال ریٹائرمنٹ لے رہے ہیں،یا بجٹ سے پہلے درخواست دے چکے ہیں

  12. Ali Khan

    Govt ager asa kary intihae zulam huga

  13. Muhammad Tariq Durrani

    I think glthe government would do better.whosoever has got commuted wasted.already retired employees face unemployment of their qualified son or daughter.other issue is group insurance amount on 65 years age.

  14. Siraj Khan

    کیا پنشن 50% 35% اور 25 % کیمیوٹ کرنے سے pension restoration date پر اثر پڑے گا

  15. Muhammad Umair

    Sir Jo 2022 main retired huwy Hain un py to ye apply ni Hoga na ?

  16. khan SHER

    assalam o alekum ,alla khair he kare. sir aap sy rabta kesy karen aap ka contect no mil sakta hy ?

  17. ghulam rasool shah

    Assalam o Alaikum Sir ye package agar Hoga to kab se Hoga sir meharbani Karke answer zaroor dejeiga

  18. Muhammad Siddique

    حکومت کو یہ ظلم نہیں کرنا چاہیے۔

U.S. National Debt

The current U.S. national debt:
$35,866,603,223,541

Source

ben stein recessions & depressions

Retirement Age Calculator

  Original Size