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What is commuted pension?
short by Dharini Mudgal / on 30 Jun 2025,Monday
At the time of retirement, employees have the option to take a part of their pension in a lump sum amount, according to Financial Express. In return, their monthly pension is deducted so the government can recover that lump sum amount. This is called commutation of pension. Presently, this deduction continues for 15 years, after which full pension is restored.
short by Dharini Mudgal / 03:32 pm on 30 Jun
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