business 💰 TN government sets ₹10k interim pension for some retirees
The Tamil Nadu government has set an interim monthly payout of ₹10,000 for eligible retired government employees. This applies to those with over 10 but less than 18 years of service under the TAPS regime in Tamil Nadu. This decision was made to prevent higher payouts from causing future recoveries for those with shorter service. For those with 18 years or more, the payout remains 30% of last drawn pay or ₹10,000, whichever is higher. The actual admissible payout will be calculated later once TAPS net qualifying service rules are notified.