Tag: commutation

Now, full pension after 15 yrs of commutation post retirement

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The move is expected to benefit 630,000 pensioners and substantially increase pensions for those members of the Employees Provident Fund Organisation (EPFO) who retired before September 26, 2008 and had opted for partial commutation of pension. This will benefit such employees as it will lead to restoration of full (higher) pension after 15 years. ET…