The National Pensions (Amendment of Schedule) (No. 2) Regulations 2024 will be amended to implement a Rs 1,000 increase in the base amounts for retirement pensions, widows’ pensions, invalidity pensions, and orphans’ pensions, effective from January 2025. This increase, which will benefit approximately 311,000 people, will be disbursed on January 3, 2025, through banks, and from January 3 to January 16, 2025, via post offices. This decision was approved by the Council of Ministers during its meeting on Friday, December 20.
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