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7th Pay Commission on pension: In 5 short points, find out all you wanted to know

Thu November 26 2015, 5:15 pm
  • 7th pay commission, 7th pay commission pension, 7th pay commission pay, 7th pay commission pensions and salaries, 7th pay commission latest news

    7th Pay Commission pension, pay scales - highlights: The 7th Pay Commission has recommended a hike in salaries and allowances of Central government staff with minimum pay set at Rs 18,000 per month and maximum at Rs 250,000 per month. But what is in the 7th Pay Commission report for the pensioners, who struggle to make ends meet and become dependent on their families for a major part of their needs, even if their basic needs are met by their pensions? So, here we take a look at what the 7th Pay Commission has recommended on pension: (Thinkstock)

  • 7th pay commission, 7th pay commission pension, 7th pay commission pay, 7th pay commission pensions and salaries, 7th pay commission latest news

    1. The 7th Pay Commission report recommends a revised pension formulation for civil employees including CAPF personnel as well as for Defence personnel, who have retired before 01.01.2016. This formulation will bring about parity between past pensioners and current retirees for the same length of service in the pay scale at the time of retirement. (Thinkstock)

  • 7th pay commission, 7th pay commission pension, 7th pay commission pay, 7th pay commission pensions and salaries, 7th pay commission latest news

    2. The 7th Pay Commission says past pensioners shall first be fixed in the Pay Matrix being recommended by the Commission on the basis of Pay Band and Grade Pay at which they retired, at the minimum of the corresponding level in the pay matrix. This amount shall be raised to arrive at the notional pay of retirees, by adding number of increments he/she had earned in that level while in service at the rate of 3 percent. (Thinkstock)

  • 7th pay commission, 7th pay commission pension, 7th pay commission pay, 7th pay commission pensions and salaries, 7th pay commission latest news

    3. The 7th Pay Commission says in the case of defence forces personnel this amount will include Military Service Pay as admissible. (Thinkstock)

  • 7th pay commission, 7th pay commission pension, 7th pay commission pay, 7th pay commission pensions and salaries, 7th pay commission latest news

    4. The 7th Pay Commission says 50% of the total amount so arrived at shall be the new pension. An alternative calculation will be carried out, which will be a multiple of 2.57 times of the current basic pension. (Thinkstock)

  • 7th pay commission, 7th pay commission pension, 7th pay commission pay, 7th pay commission pensions and salaries, 7th pay commission latest news

    5. The 7th Pay Commission says a pensioner will get the higher of the two. (Thinkstock)

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