LatestCorporate Compliance 21 September 2026
New GPF Interest Rule Affects Pension Arrears
The latest government notification sets the interest on pension arrears at the General Provident Fund (GPF) rate of 7.1% for the period 1 July to 30 September 2026. This rule, often overlooked, means retirees with delayed pension payments will earn interest based on the GPF benchmark, affecting the total amount they receive. Understanding the calculation is essential for accurate financial planning and for claiming the correct interest on outstanding pension balances.
The interest on pension arrears will be calculated using the General Provident Fund (GPF) rate of 7.1% for 1 July – 30 September 2026.
- Applies to all pending pension payments during the quarter.
- Retirees can expect higher accrual on delayed amounts, but must verify calculations.
For full details, see the original article.
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