Delhi High Court Upholds 15-Year Pension Commutation Recovery Period: Major Setback for Pensioners, Hope Shifts to 8th Pay Commission

What is Commutation Recovery ? At the time of retirement, pensioners have the option to commute a portion of their pension and receive a one-time lump-sum payment. In return, the commuted portion of the pension is deducted from the monthly pension for a specified period. Many pensioners point out that the lump-sum amount is broadly … Continue reading Delhi High Court Upholds 15-Year Pension Commutation Recovery Period: Major Setback for Pensioners, Hope Shifts to 8th Pay Commission