7th Pay Commission pay news: Central government employees have just received some amazing news regarding a big hike in payment that is due to them linked to the 7th Pay Commission system. It has been announced that the upper ceiling of the family pension facility has been raised from just Rs 45,000 to a whopping Rs 1,25,000.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

 

See Zee Business Live TV Streaming Below:

After the implementation of the 7 CPC recommendations,  the highest pay had been revised to Rs 2,50,000 per month. Also, the amount prescribed in Rule 54 (11) of CCS (Pension) Rules has been revised to Rs 1,25,000 per month (50 per cent of Rs.2,50,000) and Rs 75000 (30 per cent of Rs 2,50,000).
Union Minister Jitendra Singh said that this move will bring “Ease of Living” for the family members of the deceased employees. Additionally, it will provide the necessary financial security to them.
The union minister also informed that the Department of Pension & Pensioners' Welfare (DoPPW) has issued a clarification regarding the admissible amount for a child eligible to draw two family pensions following the death of his/her parents.  
As per earlier instructions, in such scenarios, the total amount of two-family pension did not exceed Rs 45,000 per month and Rs 27,000 per month. These amounts were determined at the rate of 50 per cent and 30 per cent, respectively. As per 6th CPC recommendations, the highest pay of Rs 90,000 was also taken into consideration.
Commenting on the improvised amount, Singh stated that the amount of both the family pensions will now be restricted to Rs 1,25,000 per month. Incidentally, this amount is higher by more than two and a half times than the previous ceiling.
As per the existing rule, in case, parents are government employees and if one of them is deceased in service or post retirement, the family pension is payable to the spouse. In the event of the death of the spouse, the surviving child shall be granted the two-family pensions which is subjected to fulfilment of certain eligibility conditions.