Thursday, November 19, 2015

7th Pay Commission Report submitted – 23.55% increase in salary Central Government Employees

7th Pay Commission Report submitted – 23.55% increase in salary Central Government Employees

7th Pay Commission Report submitted – 23.55% increase in salary when taking increase in allowances also – Net Pay increase is 16%

7th pay commission report Highlights:
  • Minimum pay is 18,000/-
  • Grade Pay System abolished
  • Fitment formula will be 2.57. So using present basic pay, 7th CPC pay can be calculated by multiplying the same with 2.57 factor.
  • Increase in Military service Pay increased to 16,500
  • 3% annual increment
  • 52 allowances abolished
  • 16% increase in pay
  •  23.55% increase overall salary when taking in to increase in allowances also
  • 24% increase in Pension
7th-central-pay-commission-report-2015

In a bonanza for central government employees, the Seventh Pay Commission on Thursday submitted its final report to Finance Minister Arun Jaitley recommending a 22-23 percent jump in their salary and allowances.
The Pay Commission headed by Justice A K Mathur has suggested a 15 percent increase over the basic salary plus DA for the central government staff. An increase in allowances like HRA has also been recommended.

The total increase will be 23.55 percent of the gross salary (basic plus DA plus allowances). The pay commission has also  proposed a status quo on the retirement age of central government employees. Retirement age for central government employees is 60 years now.

The recommendations of the 7th Pay Commission are scheduled to take effect from January 1, 2016.
Besides Chairman, other members of the commission are Vivek Rae, a retired IAS officer of 1978 batch, and Rathin Roy, an economist. Meena Agarwal is secretary of the commission.

The central government constitutes the pay commission every 10 years to revise the pay scale of its employees and often these are adopted by states after some modifications.

The Commission was set up by the UPA government in February 2014 to revise remuneration of about 48 lakh central government employees and 55 lakh pensioners.

The Union Cabinet had extended the term of the panel in August by four months, till December. The 6th Pay Commission was implemented with effect from January 1, 2006.

Download 7th Pay Commission Report

3 comments:

The Seventh Central Pay Commission have done an excellent job by presenting the VII CPC Report without any anomalies that were vastly found in VI CPC Report. The hike granted is also quite substantial which is in fact more than what VI CPC granted. The increase granted by VII CPC on pre-revised VI CPC basic pay ranges from 32% to 56%. and not 15% as wrongly stated by media including the VII CPC which unnecessarily have been causing resentment and unrest among the central government employees. While projecting the percentage of increase the VI CPC,had taken into account only the basic pay. Whereas the VII CPC had included D.A. element to arrive at the percentage which comes to around 15%. This is a wrong method of comparison of increase granted by VI CPC and VII CPC.
M.DORAI

7CPC lacks clarity on pension for post-2016 retirees

7CPC report lacks foresight. It talks about present employees and pre-2016 retirees. Following are relevant to note:

(a) Post-2016 pension stands less than pre-2016 Pension.
(b) There is no commutation table for commuting the pension. When calculated as per VI CPC table, pension increases threefold.

Was 2 years for 7CPC team not enough to deliberate basic issues and missed on pension for post-2016 retirees?
or
Is a deliberate attempt to be silent?
or
Is there something I am missing in the fine print?

Can someone clarify?

NOT HAPPY WITH THIS 7TH PAY COMMISSION BECAUSE OF NEED OF MONEY IN HOME NEEDS EVERYTHINGS IS HIGH RATES TO PURCHASE OR PAY OF RENT HALF OF THE SALERY IS GOING ON THIS WHAT WE SHOULD EAT , EVERYTIME SHOULD BRING AMOUNT FROM THE OUTSIDE AND LIVING SOME HOPES THAT OUR SALERY BECOME HIGH EXPECTATIONS. SRI SURESH SIR PLEASE THINK ABOUT LOWER GRADE PEOPLE HOW THEY WILL SPEND MONEY.

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