7th Pay Commission: Big news for these retired teachers; Centre may grant Gratuity, Commuted Pension soon
7th Pay Commission: The Central Government is mulling to grant Gratuity and Commuted Pension benefits to the Bhopal Kendriya Vidyalayas retired teachers.
7th Pay Commission: The Central Government is mulling to grant Gratuity and Commuted Pension benefits to the Bhopal Kendriya Vidyalayas retired teachers. The Union Human Resource Development (HRD) Minister Ramesh Pokhriyal Nishank made announcement in this regard in the Lok Sabha while replying to a question during the recently concluded Winter Session of the Parliament. After the Central Government's approval for these benefits, those Bhopal Kendriya Vidyalaya teachers who have retired after March 2019 will be able to get Gratuity and Commuted Pension benefits, which they are not getting currently. Pokhriyal said that the Central Government has asked for the budget in this regard and soon Gratuity and Commuted Pension benefits will be implemented for the Bhopal Kendriya Vidyalaya pensioners.
In a question asked by Prabhubhai Nagarbhai Basawa whether the Gratuity and Commuted Pension is being given to the Bhopal Kendriya Vidyalayas, if not why it is not being given to the KVS pensioners even aftr more than seven months of their retirement? Basawa also asked what the Central Government was doing to give Gratuity and Commuted Pension benefits to the KVS pensioners who rtired after March 2019. The HRD Minister replied to Basawa citing lack of budgetary alloation was the reason for delay in Gratuity and Commuted Pension benefits to the Bhopal KVS pensioners.
See Zee Business Live TV streaming below:
It has to be noted that in August 2019, the Central Government had decided to increase salary of the Kendriya Vidyalaya teachers. As per the orders passed by the Department of Order of the Kendriya Vidyalaya Sangathan (KVS), Grade Pay of the Kendriya Vidyalaya teachers were increased to Rs 4,600 from Rs 4,200 that meant enhancing their Level of Employment from Level-6 to Level-7. This order led to increase in monthly salary of the Kendriya Vidyalaya teachers to the tune of Rs 5,000.
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
Power of Compounding: How long will it take to build Rs 6 crore corpus with Rs 6,000, Rs 10,000 or Rs 15,000 monthly investments?
SBI Green Deposit 1111 Days FD vs Canara Bank Green Deposit 1111 Days FD: What will be maturity amounts on Rs 5 lakh and Rs 10 lakh investments for general and senior citizens?
Highest Senior Citizen FD Rates: Check what banks like SBI, BoB, Canara Bank, HDFC Bank, ICICI Bank are providing on 1-yr, 3-yr, 5yr term deposits
Stocks to Buy for 15 Days: Axis Direct picks 5 stocks for up to 32% gains; check targets and other details
12:43 PM IST