Friday, November 22, 2024

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.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

DA allowance of Central Employees may increase this much before festival

Soon, lakhs of central employees will be able to receive a new present from the central government, which is led by Prime Minister Narendra...

New SIM card rule! government created this strategy to combat online fraud

Online fraud is a significant issue. This makes use of a SIM card. The number of SIM cards would be limited, according to the...

25% of the salary to be cut! the government gave shock by doing this

The state government occasionally makes several significant choices at its level in addition to the federal government. The state government has now agreed to...

DA & salary of central employees to increase this much on July 31

For the employees of the federal government, July is a joyful month. How much dearness allowance would be supplied to the central employees will...

Due to a major rule change by government, pension & gratuity will no longer be paid!

After providing dearness allowance to Central administration employees, the administration has now changed the criteria significantly once again. The staff has now received a...

Most Popular

Subscribe

* indicates required