8th Pay Commission calculator: Why central govt pensioners seek 15-year commuted pension rule change

8th Pay Commission latest news: Pensioners under the central government are advocating for a quicker restoration of their commuted pensions. Various employee and pensioner associations are pushing the 8th Pay Commission to reassess this lengthy period. They contend that existing regulations rely on obsolete financial statistics and demographic trends, emphasising the financial benefits that a shorter restoration period could provide. This initiative seeks to update pension protocols to reflect current life expectancy and interest rates.