7th pay commission: Here's what pensioners of this state are getting after recent pay hike
7th Pay Commission: An Arunachal Pradesh government document has disclosed the amount being paid to the state pensioners too. The pensioners are also getting the dearness relief at the rate of 9%.
7th Pay Commission: The central government and many state governments have revised the dearness allowances and dearness relief to 9 per cent from 7 per cent ahead of the festive season leading up to Diwali. The move has benefitted millions of government employees. Following the developments, Arunachal Pradesh has also hiked the DA and DR for its employees and pensioners.
An Arunachal Pradesh government document has disclosed the amount being paid to the state pensioners too. The pensioners are also getting the dearness relief at the rate of 9%. Arunachal Pradesh pensioners are getting the revised pension by the fitment factor of 2.57 times as recommended by the 7th CPC. Check out how much the Arunachal Pradesh pensioners are really getting:
Case I: Pensioner 'A' retired at last pay drawn of Rs 79,000 on 31 st May, 2015 under the 6th CPC regime in the scale of Rs 67000-79000:
1. Basic Pension fixed in 6th CPC: Rs 39500
2. Revised Pension fixed under 7th pay commission (using a multiple of 2.57): Rs 1,01,515
Case II: Pensioner 'B' retired at last pay drawn of Rs 4,000 on 31 st January, 1989 under the 4th CPC regime in the pay scale of Rs 3000 - 100 - 3500 - 125 - 4500:
1. Basic Pension fixed in 4th CPC: Rs 1940
2. Basic Pension as revised in 6th CPC: Rs 12600
3. Revised Pension fixed under 7th pay commission (using a multiple of 2.57): Rs 32,382
"For this purpose, the existing pension/family pension will be the basic pension/family pension only without the element of additional pension available to the old pensioners/family pensioners of the age of 80 years and above," the government has stated in the notification.
The quantum of pension/family pension available to the old pensioners/family pensioners shall continue to be as follows:-
It said that the amount of additional pension will be shown distinctly in the pension payment order.
"For example, in case where a pensioner is more than 80 years of age and his/her revised pension in terms para 4.1 above is Rs 10,000 pm, the pension will be shown as (i). Basic pension=Rs 10,000 and (ii) Additional pension = Rs 2,000 pm. The pension on his/her attaining the age of 85 years will be shown as (i).Basic Pension = Rs 10,000 and (ii) additional pension = Rs 3,000 pm. Dearness relief will be admissible on the additional pension available to the old pensioners also," it said.
The Arunachal state government employees are getting the increased pension benefits linked to 7th pay commission retrospectively from January 1, 2016.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
09:44 AM IST