Pre-2016 Retirees to get enhanced Pension, Arrears by Aug-End
New Delhi: All pre-2016 retirees will get the benefits of 7th Central Pay Commission (CPC) recommendations like hike in pension and arrears by this month end, the government has said.
For existing pensioners, who have retired till 31 December 2015, the revised pension or family pension with effect from this year shall be determined by multiplying the pension or family pension, as had been fixed at the time of implementation of Sixth CPC recommendations, by 2.57, it said, adding that, the amount of revised pension so arrived at shall be rounded off to next higher rupee.
The Seventh CPC’s recommendations will be implemented from 1 January 2016. The ministry of personnel, public grievances and pensions has issued an order regarding increase in pension and grant of arrears to pre-2006 retirees. “It is considered desirable that the benefit of these orders should reach the pensioners as expeditiously as possible,” the ministry said.
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To achieve this objective it is desired that all pension disbursing authorities should ensure that the revised pension and the arrears due to the pensioners is paid or credited to their account by 31 August 2016 or before positively, it said.
Further, public sector banks handling disbursement of pension to the central government pensioners are hereby authorised to pay pension or family pension to existing pensioners at the revised rates “without any further authorisation from the concerned Accounts Officers or Head of Office etc”, the order said. There are about 58 lakh central government pensioners.
Source: http://economictimes.indiatimes.com/
A.K.Venkataswamy says
I Retaired on 31 March 2013 as a Scientist /Engineer SE with Penton basic was 17679+Two Increenter of 1800 ofter seventh pay including two increment 47725 (18570×2.57) but as per 7 cpc fixing pension with two increments they said considering later selecting option for two increments type one or type two but so for not yet disided even several meeting held with JCM please tell us when it is going to disided
Satyanarayana says
These orders directing both revised pension and relevant arrears be paid in August itself do not bring any cheers to pensioners. After all, these petty payments would always come in due course. The real benefit and commensurate joy would come only when pensions are fixed as per option I (parity with current pensions) and arrears disbursed to these low paid central pensioners. The far fetched controversy raised by the finance Ministry as to feasibility of implementation is mischievous and fraught with hatred towards hapless pensioners. These pensions have been fixed long back and even after periodical rise under 5th and 6th CPCs, they still remain very low. And only to provide relief against the rising costs the 7CPC proposed parity with current pensions and recommended accordingly. These good intentions are now being sought to be scuttled !
Kedar nath says
I was retired on 28.2.2014 on the basi pay scale 15600_39000 and GP 6600.
My basic pension at the time of retirement was fixed 15615.
Now what will be my new pension