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PFRDA seeks the support of State Governments for Atal Pension Yojana for a wider reach

PFRDA seeks the support of State Governments for Atal Pension Yojana for a wider reach The Government of India is extremely concerned about the old age income security of the working poor. To encourage and enable them to take care of their old age, Atal Pension Yojana (APY)has been launched by Government of India in … Read more

7th CPC Pension Calculation : Implementation of First Option after Committee Report

7th CPC Pension Calculation : Implementation of First Option after Committee Report “Revision of pension using the second option based on fitment factor of 2.57 be implemented immediately. The first option may be made applicable if its implementation is found feasible after examination by the Committee” Revision of Pension of pre 7tn CPC retirees : The Commission recommends the following pension formulation for civil employees … Read more

Fixed Medical Allowances on 7th Pay Commission

Fixed Medical Allowances on 7th Pay Commission Fixed Medical Allowances : Recommendation: The Commission notes that this allowance was enhanced from RS.300/- p.m. to RS.500/- p.m. from 19.11.2014. As such, further enhacement of this allowance is not recommended. Decision of Government : To be examined by a Committee comprising Finance Secretary and Secretary (Expenditure) as Chairman and Secretaries of Home Affairs, Defence, Posts, … Read more

7th CPC Pension News : dearness relief to employed/reemployed pensioners/family pensioners

7th CPC Pension News : dearness relief to employed/reemployed pensioners/family pensioners The revised pension/family pension arrived at as per paragraph 4.1 includes dearness relief sanctioned from 1.1.2016. The existing instructions regarding regulation of dearness relief to employed/reemployed pensioners/family pensioners, as contained in Department of Pension & Pensioners Welfare O.M. No. 45/73/97-P&PW(G) dated 02.07.1999, as amended from time to time, shall … Read more

Calculation of Quantum of Pension as per 7th CPC Notification

Calculation of Quantum of Pension as per 7th CPC Notification The quantum of pension/family pension available to the old pensioners/ family pensioners shall continue to be as follows:- Age of Pensioner/family Pensioner  Additional quantum of Pension From 80 years to less than 85 years 20% of revised basic pension/ family pension From 85 years to … Read more

Minimum and Maximum of 7th CPC Pension effect from 1.1.2016

Minimum and Maximum of 7th CPC Pension effect from 1.1.2016 The minimum pension with effect from 01.01.2016 will be Rs. 9000/- per month (excluding the element of additional pension to old pensioners). 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 … Read more

7th CPC Pension News : Separate orders will be issued to Armed Forces pensioners/family pensioners

Separate orders will be issued by the Ministry of Defence in regard to Armed Forces pensioners/family pensioners These orders shall apply to all pensioners/family pensioners who were drawing pension/family pension before 1.1.2016 under the Central Civil Services (Pension) Rules, 1972, Central Civil Services (Extraordinary Pension) Rules and the corresponding rules applicable to Railway pensioners and pensioners of All India … Read more

7th CPC Pension News: Separate orders for the employees who retired/died on or after 01.01.2016

Separate orders are being issued in respect of employees who retired/died on or after 01.01.2016 The Government’s decision on the recommendations of Seventh Central Pay Commission, sanction of the President is hereby accorded to the regulation, with effect from 01.01.2016, of pension/ family pension of all the pre-2016 pensioners/ family pensioners in the manner indicated in the succeeding paragraphs. … Read more

PENSION CALCULATION AS PER 7TH CPC NOTIFICATION WITH ILLUSTRATION

PENSION CALCULATION AS PER 7TH CPC NOTIFICATION WITH ILLUSTRATION For existing pensioners, who have retired before 01.01.2016, the revised pension/family pension with effect from 01.01.2016 shall be determined by multiplying the pension/family pension, as had been fixed at the time of implementation of 6th Central Pay Commission (CPC) recommendations, by 2.57. The amount of revised pension/family pension so arrived … Read more

GAZETTE NOTIFICATION – RESOLUTION OF 7th PAY COMMISSION FOR PENSIONERS AND FAMILY PENSIONERS

GAZETTE NOTIFICATION – RESOLUTION OF 7th PAY COMMISSION FOR PENSIONERS AND FAMILY PENSIONERS Implementation of Governments decisions on the recommendations of the Seventh Central Pay Commission – Revision of pension of pre-2016 pensioners/family pensioners etc. Resolution – 7th Central Pay Commission Implementation of Governments decision on the recommendation of the Seventh Central Pay Commission – … Read more