Pension for Central Govt employee jumps up 157%
In some great news for the central government pensioners, after the newly revised pay hike, the pension has jumped by almost 157%. The Ministry of Personnel, Public Grievances and Pensions has earlier notified acceptance of the 7th pay panel's recommendations fort he pensioners. There are about 58 lakh central government pensioners.
The highest pay in the government is Rs 2,50,000 with effect from January 1, 2016. The amount of pension shall be subject to a minimum of Rs 9,000 and the maximum pension would be Rs 1,25,000 - which is 50 per cent of the highest pay in the government, an order issued by the ministry said. A payment of Rs 25 lakh, from existing Rs 10 lakh, will be given in case of death occurring due to accidents in course of performance of duties and those attributed to acts of violence by terrorists, anti-social elements etc.
The revised provisions shall apply to government servants who retire or die in harness on or after January 1, 2016. The Commission had not recommended enhancement of fixed medical allowance, which is Rs 500 per month, whereas on constant attendance allowance, it suggested that it may be increased by a factor of 1.5 i.e. to Rs 6,750 per month. The allowance needs further increase by 25 per cent each time DA rises by 50 per cent, it had said.