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Central government pension spending to rise by double digits in FY26

Central government pension spending to rise by double digits in FY26

The implementation of the Unified Pension Scheme by the central government from the next fiscal will likely increase the pension bill (excluding defence and railway pensions) by double-digits for the first time post-pandemic, according to a Moneycontrol a...

1 month ago
11% return on the pension corpus would mean no additional burden for the government

11% return on the pension corpus would mean no additional burden for the government

The government would not have to incur any additional expenditure of guaranteeing 50 percent of the last 12-month average basic pay as a pension if it can ensure an 11.5 percent return on its corpus, which comprises contributions from both the government...

1 month ago
Which states bear the highest burden of pension?

Which states bear the highest burden of pension?

Bihar, Assam, Odisha and Punjab are likely to be the most affected states if expenses on pensions increase further, according to a Moneycontrol analysis of state budgets data.While the larger states on average spend a quarter of their own tax revenue on p...

1 month ago
Unified Pension Scheme not a rollback of NPS, asserts Sitharaman

Unified Pension Scheme not a rollback of NPS, asserts Sitharaman

The newly announced Unified Pension Scheme (UPS) is not a rollback of the National Pension System (NPS), rather an improvement designed to address certain challenges while retaining its core benefits, Finance Minister Nirmala Sitharaman said."Unified Pens...

1 month ago