7th Pay Commission: Key facts that all pensioners must know
Know here the details of 7th Pay Commission notification related to pension.
Zee Media Bureau
New Delhi: The recommendations of the 7th Pay Commission will raise minimum pension of retired central government employees from the existing Rs 3,500 per month to Rs 9,000 per month.
The minimum pension based on the recommendations of the Commission will increase by 2.57 times over the existing level.
The amount of pension shall be subject to a minimum of Rs 9,000 and the maximum pension would be Rs 1,25,000--which is 50 percent of the highest pay in the government, an order issued by the ministry of personnel, public grievances and pensions said.
Click here to know the details of 7th Pay Commission notification related to pension.
The maximum limit of retirement gratuity and death gratuity shall be Rs 20 lakh, the order said. The ceiling on gratuity will increase by 25 percent whenever the dearness allowance rises by 50 percent of the basic pay, it said.
There has been a substantial increase in payment of ex-gratia lump sum compensation for civil and defence forces personnel, payable to the next of kin.
A payment of Rs 25 lakh, from existing Rs 10 lakh, will be given in case of death occurring due to accidents in course of performance of duties and those attributed to acts of violence by terrorists, anti social elements etc.
The ceiling of gratuity has also been enhanced from the existing Rs 10 lakh to Rs 20 lakh. The commission had also recommended the ceiling on gratuity to be raised by 25 percent whenever dearness allowance (DA) rises by 50 percent, a proposal which has been accepted by the government.
There are about 58 lakh central government pensioners.