• Breaking News

    Tuesday, 14 July 2015

    PAY PANEL FOR RS 12K WAGE HIKE CAP; RETIREMENT AGE RISES FROM 56 TO 58




    CM Oommen Chandy (C) greeting Justice C N Ramachandran Nair (L), who arrived to hand over 10th Pay Commission report, in Thiruvananthapuram on Monday as Finance Minister K M Mani looks on | Manu R Mavelil

    THIRUVANANTHAPURAM: The tenth Pay Revision Commission has recommended a hike of Rs 2000 to Rs 12,000 in the basic salary of government employees. The report handed over to CM Oommen Chandy here on Monday also proposed to raise the retirement age from 56 to 58.


    Commission chairman Justice C N Ramachandran Nair said that the new salary scale was fixed with 12 per cent fitment and merging 80 per cent of DA in basic pay. The report said the revised pay should have retrospective effect from July 1, 2014. The report proposes 27 scales and 82 stages.

    When implemented, the salary revision would result in an additional burden of Rs 5,227 crore to the government a year.

    Oommen Chandy said the government will study the recommendations and would implement them as early as possible.

    As per the report, the minimum salary of government employees will be Rs 17,000 and maximum Rs 1,20,000. The 30-year minimum service for full pension should be reduced to 25 years. The annual increment ranges between Rs 500 and Rs 2,400. The house rent allowance is between Rs 1,000 and Rs 3,000. The report proposes to abolish the special pay given to deputy secretary post and above.

    The minimum pension will be Rs 8,500 and maximum Rs 60,000. The fitment benefit would be at 18 pc.

    Dearness Relief would be merged at 80 pc as on July 1, 2014. Death Cum Retirement Gratuity limit will be Rs 14,00,000.

    The pay revision should be made a 10-year exercise, thecommission has opined.

    Source:- The New Indian Express

    No comments:

    Post a Comment

    Highly Viewed

    Comments

    Category

    Contact Form

    Name

    Email *

    Message *

    Google+ Followers