7th Pay Commission likely to submit its report to the Government very soon

Seventh Central Pay Commission likely to submit its report to the Government very soon

“Informed sources say that the 7th Central Pay Commission, which was constituted in February 2014, will submit its report shortly.”

The Karnataka Confederation Secretary Mr.P.S.Prasad has said that the 7th Pay Commission could submit its recommendations on the emoluments structure including pay, allowances and other facilities/benefits for the Central Government employees-industrial and non-industrial as early as November 20 or 23.

The 18-month time duration given for the 7th Pay Commission, which was constituted on 28.02.2014, came to an end on 27.08.2015. But, on the request of the members of the Pay Commission, an extension of 4 months was given to the commission. They were instructed to submit their report by December 2015. It has to be mentioned here that as early as July 2015, there were reports on the official website of 7th CPC that all the preliminary works have been nearly completed and that the report will be submitted in time to the government. Despite this, they sought for a four-month extension.

Some claim that the Pay Commission was asked to hurry with its report in order to divert the nationís attention from the five month long protest by the army veterans demanding the implementation of the One Rank One Pension scheme.

Submitting the report ahead of its time would only be beneficial overall. The government is not going to blindly implement all the recommendations of the Pay Commission. It has the power to accept, reject, and modify the recommendations. The final report has to be sent to the cabinet for its approval. That requires some time. Therefore, submitting it as early as possible will give the government more time to get the approval.

The time duration will also help Central Government employees federations like the NC JCM Staff Side,Confederation and major associations to express their opinions and give their feedback.

In addition to the Central Government employees, Central & State Pensioners, State Government employees and those working in Public Sectors and the Banks are all curious to get their hands on the report which will be implemented for the next ten years. Of special interest are fields like new pay scale, pay fixation method, retirement age, and other facilities & benefits.

On top of the list are the recommended changes in the salaries of a Central Government employee. The curiosity among Central Government employees to find out how much their salaries are likely to increase after 01.01.2016 is very obvious.

The next much-debated topic is the retirement age. An air of suspense surrounds this issue.

The third much-awaited topic is the pension, retirement benefits and the Pay Commission’s recommendations for the armed forces and those who opt for VRS.

And other important recommendations are listed here…(Click the below title and get the detailed information)

Date of effect
Revised Standard Pay Scales
Grade Pay Structure
Principles of Pay Determination
Fixation of Pay
MACP Scheme
Increment Dates & Calculation
Appointment & Promotion Policy
DA Calculation with CPI
Children Education Allowance
House Rent Allowance
LTC Entitlements
Bonus Calculation & Ceiling
Recommendations for Women Employees
Recommendations for Persons with disabilities
Central Government Employees Group Insurance Scheme
General Provident Fund Scheme
House Building Advance
Allowances
Advances
Medical Facilities for Serving & Pensioners and
Anomalies of 6th Pay Commission

Source: 90Paisa Blog

7th Pay Commission Minimum Pay 21000 and Fitment Formula from 2.86 to 3.15