Payment of Pension and Family Pension with 28% Dearness Relief

Pension & Family Pension Payment + 28% Dearness Relief

In accordance with the latest government directive, all banks are mandated to follow the Revision of Dearness Relief to Central Government Pensioners and Family Pensioners with effect from July 2021. This revision aims to ensure that pensioners and their families receive an appropriate increment in their dearness relief in tandem with the rising cost of living and inflation. This measure will help to alleviate the financial burden on pensioners and improve their quality of life.

Also Check: Central Govt DA (28%) Order from July 2021 PDF Download

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT-III, BHIKAJI CAMA PLACE,
NEW DELHI-110066

CPAO/IT & Tech/Bank Performance/37 Vol-III/2021-22/ E-7109/47

23.07.2021

OFFICE MEMORANDUM

Subject: Revised rates of Dearness Relief to Central Government Pensioners/ Family Pensioners w.e.f.01.07.2021.

Attention is invited to the OM No. 42/07/2021-P&PW (D) dated 22.07.2021 (Copy enclosed) issued by the Department of Pension & Pensioners Welfare wherein it is decided that the Dearness relief admissible to Central Government pensioners/family pensioners shall be enhanced from the existing rate of 17% to 28% of the basic pension /family pension (including additional pension/family pension) with effect from 1% July 2021. Moreover, the rate of Dearness relief shall remain at 17% of basic pension/family pension for the period from 01.01.2020 till 30.06.2021.

All the banks are requested to follow the instructions issued vide OM ibid by the Department of Pension & Pensioners Welfare scrupulously and implement the same at the earliest.

This issues with the approval of Chief Controller (Pension).

Encl:- As above

sd/-
(Satish Kumar Garg)
Sr. Accounts Officer (IT & Tech)

Click to view the order in pdf

The payment of pension and family pension with 28% Dearness Relief refers to the amount of pension and family pension received by individuals, which includes an additional 28% Dearness Relief component.

Retired employees who are entitled to receive a pension and the families of deceased employees who are eligible for family pension are eligible to receive the payment with 28% Dearness Relief.

The payment of pension and family pension with 28% Dearness Relief is calculated based on the individual’s pension or family pension amount, with an additional 28% Dearness Relief added on top.