Saturday, September 6, 2008

Central govt. improves over 6th Pay Commission in case of pensioners

Khabrein.Info News Desk,

New Delhi, Sept 6, 2008: Former central government employees should be happy to know that the Central government has improved over Sixth Pay Commission when it comes to pensioners.

Pensioners were worried as not many details were available when it came to pension in the aftermath of the sixth commission recommendations’ implementation.

Government has improved the pension of the central government pensioners giving them substantial rise than the pay panel had demanded.

An important benefit approved by the union cabinet is raising the gratuity limit to Rs 10 lakh, higher pension for octogenarians, exclusion of earned leave encashed while in service from the overall limit, clubbing of earned leave and half-day pay leave for encashment.

Octogenarians will now be paid an additional 20 per cent of their basic pension, while those aged 85 will get 30 per cent more, rising to 100 per cent additional pension for centurions.

To get an idea of the quantum of hike, a person with a basic pension of Rs 10,000 — who used to get Rs 22,050 in hand — will now receive a total pension of Rs 26,216. The new rates are effective from January 2006 and the arrears will be given out in two instalments — 40% during the current fiscal, 60% in 2009-10.

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