Friday, September 30, 2022

The 7th Pay Commission has good news for retirees! Increase in DR by 356 percent; when will it be implemented?

The government has provided significant DR relief to employees who retired between November 18, 1960, and December 31, 1985, as a result of the 7th Pay Commission. It has been cut from 312 percent to 356 percent as a result of this. Information was provided by the Department of Pensions and Pensioners Welfare.

7th Pay Commission: There is some good news for central employees who have retired. On September 20, the Department of Pension and Pensioners’ Welfare released a memorandum with important information. The DR of living CPF beneficiaries has been raised from 312 percent to 356 percent (DR Hike). Those who retired between November 18, 1960, and December 31, 1985, will be eligible for the reward.

That is, before the holiday season, retirees have turned into bat-bats. Let us inform you that, beginning July 1, 2021, retired personnel would receive Revised DR (DR Hike). Three installments of CPF beneficiaries were left from 1 January 2020, 1 July 2020, and 1 January 2021.

Under the 5th CPC Series, a decision was made.

The decision to enhance the ex-gratia sum for CPF recipients was made during the 5th CPC series, according to the department’s information. This rule will take effect on July 1, 2021. Ex gratia amounts of Rs 3000, 1000, 750, and 650 are granted to CPF beneficiaries in Groups A, B, C, and D. This rule is effective as of June 4, 2013.

Pensioners’ DR, or dearness relief, has now been raised from 312 percent to 356 percent. Aside from that, the DR for a different group of retired employees has been cut from 304 to 348 percent. That is, the light has gone out for the retirees even before Diwali.

Read more: Instant PAN Card: No Fee, No Documents; Get PAN card immediately, know the process

Do you know someone will benefit from this?

Ex-gratia of Rs.645 per month is given to the beneficiary’s widow and children. This is a regulation that applies to those who

Ex-gratia of Rs.645 a month is paid to widows and children of those who retired before January 1, 1986, this rule applies to all of them. Apart from that, government personnel who retired with CPF benefits before November 18, 1960, and fall into the Rs 654, 659, 703, and Rs 965 ex-gratia categories will receive 348 percent.

There has been an increase in DA and DR recently.

The central government has boosted the dearness allowance and dearness relief after a long delay. Which went into effect on July 1, 2021. The basic pension has been increased by this amount. Let us remind you that DA used to be 17 percent, but it has now been raised to 28 percent. In addition, the DR has been raised from 17% to 28%.

This is the rate of dearness allowance

1 January 2020 to 30 June 2020 – 21% of basic salary

1 January 2020 to 31 December 2020 – 24% of basic salary

1 January 2021 to 30 May 2021 – 28% of basic salary

While computing gratuity and cash payment in lieu of leave, all other conditions set forth in the CCS Pension Rules, 1972, and orders of the Department of Pension and PW will apply.

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