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Business News » Personal Finance News

7th Pay Commission: Up to 50% pension hike for these former staffers

7th Pay Commission: The state government's decision to give increased pay as per the 7th CPC to its employees will benefit around 20,50,000 government servants.

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7th Pay Commission: Up to 50% pension hike for these former staffers
7th pay commission: Various unions of state government employees had gone on a 3-day strike in August to press for the implementation of the 7th CPC. Reuters
Written By: ZeeBiz WebTeam
Updated: Sat, Dec 29, 2018
04:54 pm
ZeeBiz WebDesk
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7th Pay Commission: Scores of state and central government employees and pensioners have been opposing the New Pension Scheme. Those in Uttar Pradesh, Tamil Nadu and some other states have been demanding the restoration of the old pension scheme. Amid all these developments, good news has arrived for pensioners under Maharashtra government.

The Maharashtra cabinet has cleared the 7th pay commission salary hike for its employees as well as for the pensioners.  This will put an additional burden of Rs 38,645 crore on the state exchequer.

Maharashtra Finance Minister Sudhir Mungantiwar said the state's pensioners in the age group of 80-85 years will get a 10 per cent hike in their monthly pension, 15 per cent for those in 85-90 age bracket, 20 per cent for the 90-95 group, 25 per cent for the 95-100 group and 50 per cent for those who are 100 and above age group.

The minister informed that at present there are as many as 362 pensioners in the state in the 100 years above category who will get the maximum benefits of the revised pension rules as per the 7th Pay Commission.

The state government's decision to give increased pay as per the 7th CPC to its employees will benefit around 20,50,000 government servants including officers, employees, teachers from unaided schools and from Zilla Parishad employees.

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Various unions of state government employees had gone on a 3-day strike in August to press for the implementation of the 7th CPC. The move may benefit the BJP in upcoming Lok Sabha and state assembly elections. 

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TAGS:
7th Pay commissionSeventh pay commissionMaharashtra7th CPC
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