Cabinet accepts both two options for fixation of 7th CPC Revised Pension
7th CPC Recommended following Two options for fixation of Revised Pension.
1. Pay Scale on Retirement and Number of Increment Earned in the scale of Retiring Grade will be taken for fixation of Pension
In this method Pension will be fixed in the Pay Matrix on the basis of the Pay Band and Grade Pay at which they retired.
2. Using Multiplication Factor 2.57
Existing Basic Pension to be multiplied by 2.57.
When the NJCA met the Cabinet Secretary,
they observed that Govt is not going to accept second option due to
non-availability of Records to verify their Pay Level at the retiring
stage. Objections were raised by Pensioners Association to this move and
they requested the government to retain both two options to avoid
disparity between Pre 2016 and Post 2016 Pensioners.
The Central government in principle
accepted the two options recommended for fixation of Revised Pension.
But to address the issues anticipated when implementation in process,
govt decided to constitute a committee to examine the feasibility of
using First Option for fixation of Pension. It said, if found feasible,
it will be implemented. The Committee has been given four months’ time
to submit its report.
The govt decision on Pension related issues is given below
“The general recommendations of the
Commission on pension and related benefits have been approved by the
Cabinet. Both the options recommended by the Commission as regards
pension revision have been accepted subject to feasibility of their
implementation. Revision of pension using the second option based on
fitment factor of 2.57 shall be implemented immediately. A Committee is
being constituted to address the implementation issues anticipated in
the first formulation. The first formulation may be made applicable if
its implementation is found feasible after examination by proposed
Committee which is to submit its Report within 4 months.”
Source: http://www.gservants.com/
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