Enter Keyword and Search







Flash News : Non-Productivity Linked Bonus (Ad-hoc Bonus) to the CG Employees - Finmin Orders

Cabinet accepts both two options for fixation of 7th CPC Revised Pension

with 2 comments
Cabinet accepts both two options for fixation of 7th CPC Revised Pension

7th CPC Recommended following Two options for fixation of Revised Pension.

1. Pay Scale on Retirement and Number of Increment Earned in the scale of Retiring Grade will be taken for fixation of Pension

In this method Pension will be fixed in the Pay Matrix on the basis of the Pay Band and Grade Pay at which they retired.

2. Using Multiplication Factor 2.57

Existing Basic Pension to be multiplied by 2.57.

When the NJCA met the Cabinet Secretary, they observed that Govt is not going to accept second option due to non-availability of Records to verify their Pay Level at the retiring stage. Objections were raised by Pensioners Association to this move and they requested the government to retain both two options to avoid disparity between Pre 2016 and Post 2016 Pensioners.

The Central government in principle accepted the two options recommended for fixation of Revised Pension. But to address the issues anticipated when implementation in process, govt decided to constitute a committee to examine the feasibility of using First Option for fixation of Pension. It said, if found feasible, it will be implemented. The Committee has been given four months’ time to submit its report.
The govt decision on Pension related issues is given below

“The general recommendations of the Commission on pension and related benefits have been approved by the Cabinet. Both the options recommended by the Commission as regards pension revision have been accepted subject to feasibility of their implementation. Revision of pension using the second option based on fitment factor of 2.57 shall be implemented immediately. A Committee is being constituted to address the implementation issues anticipated in the first formulation. The first formulation may be made applicable if its implementation is found feasible after examination by proposed Committee which is to submit its Report within 4 months.”

Related Posts...

2 comments:

B.C. Balasubramanian said...

The 6th pc gave fixation for old pensioner at 50 percent of the minimum if the revised scale.7th pc recommended something better but it is going into circles.the govt can allow the 6thpc method in the interim

M.L.BHUTANI said...

In the first option . number of increments earned in the retiring level has to be checked. I think there will be no need to go through full recrd of the retiree. It could be ascertain from the PPo it self as it contain the information 1, About last pay scale . & 2. Last pay drawn . Number of increment earned can easily be find out with the help of these two information.
Example;- Last pay scale shown of pre 2006 retiree in PPO 18400-500-22400

& last pay drawn 19900 + 9950 (DA)

19900 - 18400 = 1500 divided by increment of 500 = 3
so increment earned is 3 .
So These Information are available PAO and no need to ask for any record of retiree.

( M. L. BHUTANI


DON'T FORGET TO ACTIVATE YOUR SUBSCRIPTION
Enter your email address:

Delivered by FeedBurner

ACTIVATE YOUR SUBSCRIPTION SERVICE BY CLICKING THE ACTIVATION LINK FROM YOUR INBOX...
FREE EMAIL SUBSCRIPTION

Today's Recent Entries...

Disclaimer:As and when orders amending the rules are published by the Government, the amendment orders will be published in our blog immediately. Readers are requested to refer to the source link is given at the end of the post. All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. 90paisa accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog. Links to other websites that have been included on this blog are provided for public convenience only. 90paisa is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.

Recent Posts