7th pay commission Rs. 5,000 Packages released for the Pensioners and Report of Allowance Committee after MCD elections
In Cabinet Meeting 3 to 4 other issues related to central Govt. Employees will also be discussed. Earlier, the Committee, headed by Finance Secretary Ashok Lavasa, has also approved the Allowance for Government Employees. This includes an increase in house rent allowance. However there are indications that there will be no immediate changes in the Allowances.
The source said, "The scheme for revision of pension has been finalized. The issue of revised pension will be presented before the central cabinet. It can be approved by the Cabinet next week.
The pay commission had given the government an incremental linked pension formula.