Here are the key highlights of  Seventh Central Pay Commission report:


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-7th Pay Panel submits report to FM Arun Jaitley; suggests 23.55% hike in pay and allowances of govt employees


-Pay will go up by 16%; increase in allowances will be 63%; increase in pension will be 24%


-Minimum basic pay for central govt staff recommended at Rs 18,000; maximum pay Rs 2.25 lakh per month


-Pay Commission recommends 3% annual increment and 24% hike in pension for central government staffers


-Enhancement in the ceiling of gratuity from the existing Rs 10 lakh to Rs 20 lakh


-Pay Commission report has to be implemented from January 1, 2016


-FY17 impact seen at Rs 1.02 lakh crore from implementation of the 7th Pay Commission


-One Rank One Pension recommended for central govt staffers as well as armed forces


-Recommendation will impact 47 lakh serving govt employees, 52 lakh pensioners, including defence personnel


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