Indian Military Veterans
7th Pay Commission Report in respect of Armed Forces personnel
Implementation of Seventh Pay Commission Report
The following steps have been taken to implement the recommendations of 7th Pay Commission Report in respect of Armed Forces personnel:
(i) Issue of Resolution dated 25th July 2016 by Ministry of Finance.
(ii) Issue of Resolution dated 5th September 2016 by Ministry of Defence.
(iii) Issue of orders dated 10th October, 2016 by Ministry of Defence for payment of ad-hoc arrears equal to 10% Basic Pay and Dearness Allowance.
The order for revision of pension to ex-servicemen pursuant to the recommendations of 7th Pay Commission Report was issued on 29th October, 2016. As per information available in respect of pre-2016 pensioners, 24 public sector banks have revised pension of 18,99,697 pensioners and have paid Rs.5883.27 crore (approx) on account of arrears of pension / family pension.
This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Shri Arvind Sawant in Lok Sabha today.
Source: PIB News
Exp:55%
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