Friday, August 5, 2016

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...

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 enhancement of this allowance is not recommended. Decision of Government : To be examined by a Committee comprising Finance Secretary and Secretary (Expenditure)...

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...

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 years20% of revised basic pension/ family pension From 85 years to less than 90 years30% of revised basic pension...

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 Rs. 2,50,000 with effect from 01.01.2016). Authority:...

Separate orders will be issued by the Ministry of Defence in regard 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...

Separate orders are being issued in respect of 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...

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...

7th CPC on Pensionery Benefits – Pension/gratuity/commutation of pension/family pension/disability pension/ex-gratia lump-sum compensation

7th CPC on Pensionery Benefits – Pension/gratuity/commutation of pension/family pension/disability pension/ex-gratia lump-sum compensation F. No 38/37/2016-P&PW(A)Ci’) Government of India Ministry of Personnel, Public Grievances & Pensions Department of Pension & Pensioners’ Welfare Lok Nayak Bhawan, New Delhi-110003 Dated the 4th August, 2016 OFFICE MEMORANDUM Sub: Implementation ...

Option for Revising 7th CPC pay on Increment date is Beneficial in Rare cases

Option for Revising 7th CPC pay on Increment date is Beneficial in Rare cases Workout before Giving Option for Revising 7th CPC Pay Giving Option for revision of 7th CPC Pay is a must and important thing to be done by Central Government Employees in respect of implementation of 7th Pay Commission recommendations Your 7th CPC Pay will be revised as per the Option you choose to revise your Pay There...

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