17 August 2014 Current Affairs
Govt Re-launched Varishtha Pension Bima Yojana
The government has re-launched the Varishtha Pension Bima Yojana, for the benefit of citizens aged 60 years and above. The scheme will provide financial security to almost half a million senior citizens of the country by ensuring regular income during old age. The scheme will benefit the vulnerable section of society with limited resources as it will provide monthly pension ranging from Rs 500 to 5,000 per month to senior citizens of the country.
Haryana Government Increases Age of Retirement From 58 To 60 Years
The Haryana government announced a windfall for the state government’s employees which includes raising the retirement age from 58 to 60 years, 25% per cent increment in Dearness Allowance, full pension after 20 years service, and various other benefits. After 58 years of service, the employee will be given the option to either continue his service or seek retirement.
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