[ Whoever wins the next election must protect the state pension triple lock, former pensions ministers have warned. The future of the policy has been thrown into doubt amid fears that funding the state pensions of a growing older population will drain the public finances. Sir Keir Starmer, who is on course to lead the … Read more
[ Dearness Relief hike: The central government has recently announced a 4% hike in Dearness Relief (DR) for pensioners, effective from January 1, 2024. This adjustment will increase the DR to 50% for eligible pensioners. Eligibility and calculation details are provided in a March 13, 2024 Office Memorandum from the Department of Pension & Pensioners’ … Read more
[ 7th Pay Commission DA hike: Central government workers, prepare for another increase in dearness allowance (DA). The government typically adjusts DA twice a year, in January and July, with announcements usually made in March. Wondering how much your DA will go up this time? Let’s take a look at the DA hike calculation. Calculating … Read more
[ Thousands of retirees only have until tomorrow (10 December) to apply for pension credit and receive a £300 cost of living payment. An estimated 1.2 million retirees who receive pension credit are eligible for the £300 boost. Anyone applying after 10 December will get their pension credit, if eligible, but will miss out on the cost … Read more
