Centre considering 1% annual pension hike, doubling medical benefits: The central government is considering boosting retired employees' pensions by 1% every year. The Parliamentary Permanent Standing Committee has advised the government to introduce a pension increase proportionate to age beginning at 65 instead of the current age of 80.
The recommendation and the 1% annual increase are being considered by the Finance Ministry, along with a 5% rise for seniors over the age of 65.
At the moment, retirees who reach the age of 80 receive a 20% increase in t Read More
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