Government employees and pensioners at the Centre have received a huge post Diwali gift from the 7th Pay Commission today, which recommended to the government a 23.55 per cent increase in their salary, allowances and pension along with a virtual one-rank-one-pension (OROP) for civilians, involving an additional outgo of a whopping Rs 1.02 lakh crore a year.
A minimum pay of Rs 18,000 per month and a maximum of Rs 2.5 lakh per month has been recommended by the Seventh Pay Commission, headed by Justice A K Mathur, that presented its 900-page report to Finance Minister Arun Jaitley here today. The recommendations, which are to be implemented from January 1, 2016, will benefit 47 lakh central government employees and 52 lakh pensioners.
The impact the recommendations will be Rs 1.02 lakh crore — Rs 73,650 cr on Central Budget and Rs 28,450 cr on Railway Budget. Here is all you need to know in about the 7th Pay Commission report in the shortest manner possible:
All figures in Rs crore except for percentage increase