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The Employees’ Pension Scheme (EPS) under EPFO calculates monthly pension using the formula: (Pensionable Salary × Pensionable Service) ÷ 70. Pensionable salary caps at ₹15,000 (average of last 60 months’ basic pay + DA).
The Employees’ Provident Fund Organisation (EPFO) is expected to maintain the provident fund interest rate at 8.25% for FY 2025-26, marking the third consecutive year of stability, thanks to surplus investments in safe instruments like government securities and bonds.
Central government employees will soon get a minimum Dearness Allowance (DA) next month, along with arrears for the past two months. This boost aims to offset inflation and provide financial relief to millions of employees and pensioners amid rising living costs
Central government employees face uncertainty as Union Budget 2026 omitted any mention of salary hikes or 8th Pay Commission implementation, despite its approval in late 2025 and expected retrospective effect from January 1, 2026.
As January 2026 ends without a formal 8th Pay Commission rollout, central government employees await salary hikes effective from January 1, 2026, with experts predicting arrears for any delay, similar to past commissions. Employees should prepare for lump-sum arrears covering the gap period once approved.
The central government is considering increasing the minimum pension under the Employees’ Provident Fund Organisation’s (EPFO) Employees’ Pension Scheme (EPS) from ₹1,000 to ₹7,500 per month. Labour Minister replied to an MP’s query in Parliament, citing rising inflation as a key factor driving the proposed hike to provide relief to pensioners.
Amazon has announced the layoff of 16,000 employees in its second major workforce reduction in three months, as the tech giant restructures to stay competitive in the AI race. The company aims to remove bureaucracy, speed up decision-making, and operate more efficiently. While job cuts impact nearly nine percent of corporate staff, Amazon said hiring will continue in strategic roles critical to it
Job cuts at Tata Consultancy Services (TCS), which shed over 25,000 employees in the first nine months of FY26, have severely limited net hiring across India’s top five IT companies to only 17 employees.
The Employees’ Provident Fund Organisation (EPFO), in collaboration with India Post Payments Bank (IPPB), has introduced a free doorstep service for EPS pensioners to submit their annual Digital Life Certificates (DLCs), known as Jeevan Pramaan.
TCS reported a net reduction of 11,151 employees in the third quarter of fiscal year 2026, bringing its total workforce to 582,163 from 593,314 in the previous quarter. This decline follows a larger drop of 19,755 employees in Q2 FY26 and aligns with ongoing restructuring efforts, including role rationalization and about 1,800 exits tied to earlier initiatives.
