Restoration of commuted value of Pension after 13 years, like in Gujarat
Just before the last elections to Gujarat Assembly in 2022-end, the State Government reduced the period of restoration of the commuted value of pension of their employees from 15 years to 13 years. It was done in the home State of Hon'ble Prime Minister. Also, 15 years is a very long period considering the prevailing compound rate of interest on fixed deposits in which money gets doubled even after 12 years even at the rate of six per cent per annum (compound) by applying the rule of 72. In the above analogy, the period can also be reduced in the case of Central Government employees.
D.P. Hura
D.P. Hura