Cabinet accepts both two options for fixation of 7th CPC Revised Pension - Indian Military Veterans

WATCH THIS BLOG REGULARLY FOR LATEST NEWS ON ONE RANK ONE PENSION & OTHER SERVICE BENEFITS RELATING TO EX-SERVICE PENSIONERS,CENTRAL GOVT PENSIONERS,LIC/GIC PENSIONERS* A UNIQUE BLOG WITH MORE THAN 1 CRORE VIEWERS & 700 FOLLOWERS #

FlashFLASH**** UNION CABINET APPROVED OROP REVISION FROM 01/07/2019 & ARREARES WILL BE PAID IN FOUR INSTALLMENTS**** New ***** *UNION CABINET APPROVED OROP REVISION FROM 01/07/2019 & ARREARES WILL BE PAID IN FOUR INSTALLMENTS
  • New











    .




  • -----------------------------------------------








    Veterans Welfare Latest News & 
    Updates on various issues 
    related to


    Tri Services Pension – SPARSH -OROP

      ECHS - CSD 


    Pay Fixation and Service/Pension Rules
    as per orders & Instructions of Govt of India.


    Purpose of this website


                 Pensioners of the Armed Forces  are different from  pensioners of  other departments of the Government of India. Some rules and regulations apply to public services. In order to sensitize them about the various rules, regulations, government programs related to ex-servicemen and the various social assistance programs for families of ex-servicemen, we refer to the government instructions on this subject. , published information on related topics. Here, we will discuss SPARSH, CSD, ECHS, OROPfamily pension, disability pension, Service pension, re-employment with life certificate and other welfare activities  to increase the awareness of beneficiaries. 

    Regards,
    KS RAMASWAMY 
    Editor

    Jul 5, 2016

    Cabinet accepts both two options for fixation of 7th CPC Revised Pension

    Indian Military Veterans


    7th CPC Recommended following Two options for fixation of Revised Pension.

    1. Pay Scale on Retirement and Number of Increment Earned in the scale of Retiring Grade will be taken for fixation of Pension
    In this method Pension will be fixed in the Pay Matrix on the basis of the Pay Band and Grade Pay at which they retired [SEE ]
    2. Using Multiplication Factor 2.57
    Existing Basic Pension to be multiplied by 2.57 [ SEE ]
    When the NJCA met the Cabinet Secretary, they observed that Govt is not going to accept second option due to non-availability of Records to verify their Pay Level at the retiring stage. Objections were raised by Pensioners Association to this move and they requested the government to retain both two options to avoid disparity between Pre 2016 and Post 2016 Pensioners.
    The Central government in principle accepted the two options recommended for fixation of Revised Pension. But to address the issues anticipated when implementation in process, govt decided to constitute a committee to examine the feasibility of using First Option for fixation of Pension. It said, if found feasible, it will be implemented. The Committee has been given four months’ time to submit its report.
    The govt decision on Pension related issues is given below
    “The general recommendations of the Commission on pension and related benefits have been approved by the Cabinet. Both the options recommended by the Commission as regards pension revision have been accepted subject to feasibility of their implementation. Revision of pension using the second option based on fitment factor of 2.57 shall be implemented immediately. A Committee is being constituted to address the implementation issues anticipated in the first formulation. The first formulation may be made applicable if its implementation is found feasible after examination by proposed Committee which is to submit its Report within 4 months.”

    No comments:

    Post a Comment

    Indian Military Veterans Viewers, ..

    Each of you is part of the Indian Military Veterans message.
    We kindly request you to make healthy use of this section which welcomes the freedom of expression of the readers.

    Note:

    1. The comments posted here are the readers' own comments. Veterans news is not responsible for this in any way.
    2. The Academic Committee has the full right to reject, reduce or censor opinion.
    3. Personal attacks, rude words, comments that are not relevant to the work will be removed
    4. We kindly ask you to post a comment using their name and the correct email address.

    - INDIAN MILITARY VETERANS- ADMIN

    Sponsor

    LATEST NEWS

    Post Top Ad