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  • Thursday, 20 April 2017

    Govt to clear Rs 5k cr sop for central govt pensioners

    Apr 21 2017 : The Times of India (Hyderabad)
    New Delhi:
    
    
    The government is set to clear a `5,000 crore package for pensioners after Sunday's municipal elections in the capital to address their concerns related to the award of the 7th pay commission for central government employees and seniors. The revised pension will be taken up by the Union cabinet along with three-four issues related to the pay of central government employees, even as a committee headed by finance secretary Ashok Lavasa finalises its recommendations for allowances for government employees, including an increase in the house rent allowance (HRA).
    The panel is expected to submit its recommendations next week but there are indications that the change in allowances may not take place immediately. The revised pension sche me has been finalised and the government has postponed a decision due to the code of conduct for Delhi municipal elections. The Cabinet may clear it next week,“ said a source who did not wish to be identified.
    The pay panel had recommended an increment-linked pension formula along with the option for multiplying the pension based on the sixth pay commission's recommendations by 2.57. To quickly implement the suggestions, the government opted for the second option as the increment-linked pension model was seen to be difficult to implement. This has created a situation where those who retired by December 31, 2015 are receiving a lower pension compared to someone who retired a month later. For instance, someone who retired as a secretary before January 2016 gets a pension of Rs 1.02 lakh compared to the Rs 1.12 lakh for someone who retired at the end of the month.

    3 comments :

    1. Sir, it means the formula of 2.57 will change. Please clarify.

      ReplyDelete
    2. some idiot trying to make fun nothing is going to come be satisfy with what ever you have

      ReplyDelete
    3. It is a paid cum fake cum planned for attracting public in MCD Election on 23 Apr 2017 hence NDA got majority, one word I wish to say that BJP has betrayed all public of Delhi giving sucgh type of false cum paid news

      ReplyDelete