7th CPC for pensioners News
PM Modi would wait for the suggestions made by the E-CoS before personally intervening into the matter.
Hundreds of lakhs of central government employees might heave a sigh of relief soon as media reports are pouring that the update on allowances as recommended by the 7th Pay Commission will be out by June 1.
Central government employees will have to wait next week to get the update on higher allowances recommended by the 7th Pay Commission.
The minimum pension with effect from January 2016 will be Rs 9,000/-per month (excluding the element of additional pension to old pensioners) while the upper ceiling on pension/family pension will be 50% and 30% respectively of the highest pay in the government (the highest pay in the government is Rs 2,50,000 with effect from January 2016).
The ongoing curiosity related to allowances recommended by the Ashok Lavasa Committee might be laid to rest today.
Must read the full statement of Finance Ministry dated May 04 - a day after the Union Cabinet approved modifications relating to modifications in the 7th CPC (Central Pay Commission) recommendations on pension revision formula, pay structure and pay matrices of central government employees and pensioners including armed forces.
Cabinet Secretary P K Sinha has also confirmed the news following his meeting with the National Joint Council of Action (NJCA).
The modified formulation will be beneficial to more pensioners than the first formulation recommended by the 7th CPC, which was not found to be feasible to implement on account of non-availability of records in a large number of cases and was also found to be prone to several anomalies.
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