Related to Pension
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S.No. | Subject |
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1 | Revision of Pension of pre-2006 Pensioners/Family Pensioners |
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2 | Revision of Pension of post-2006 Pensioners/Family Pensioners |
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3 | Resolution |
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Related to Pension
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S.No. | Subject |
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1 | Revision of Pension of pre-2006 Pensioners/Family Pensioners |
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2 | Revision of Pension of post-2006 Pensioners/Family Pensioners |
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3 | Resolution |
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IT ALL started with the SPC bringing cheer to more than 50 lakh babus of the government of India. The babus are still busy, calculating their arrears and collecting information from various sources. ‘What will be my DA, what will be my pay band, what will be my basic pay, how much will I get by way of arrears, how much of the arrears will I get this year, what will be its impact on my income tax liability for the current year and the next, etc’ are amongst the plethora of questions to which they want to find an answer, given that the government is inclined to favour them with one benefit after benefit. It seems that the government has decided to keep its employees preoccupied with calculating their benefits until the next election. The benefits have puzzled the babus in the sense they do not know where to start and where to end in the context of the computation of the benefits. To put it in the computer nerd’s language, they don’t know the ‘begin_date’ and the ‘end_date’.
This will encourage the youth to join the army and undertake the task of safeguarding our borders.
It appears that government is determined to overhaul its departments and attract the youth. Government jobs had lost their sheen with the advent of a liberalized economy. The whole exercise seeks to benefit everyone in every possible way – right from hiking the emoluments paid to serving young employees to hiking the terminal benefits paid to outgoing employees. The exercise is sure to add some value to government jobs until of course the private sector hikes the benefits of its employees proportionately.
More SIX PAY COMMISSION NEWS (Full Coverage)
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A Division Bench of the Punjab and Haryana High Court today allowed five petitions filed by the All India Ex-servicemen Welfare Association holding any personnel below the officer rank (PBOR) entitled to the improved pension from January 1, 1996, the day of implementation of the Fifth Central Pay Commission, instead of Jan 1, 2006.
This should cheer former central government employees. With the Center notifying the new pension rules, they can expect a higher pension packet from next month. The revised pensions are higher than what the sixth Pay Commission recommended.
Although the move benefits the cross-section of retired employees, those in higher brackets have gained more in real terms. New pensions for defence and railway personnel will be notified separately.
Older pensioners have an added reason to rejoice. Centenarians will get 100% extra pension calculated at revised rates. Similarly, those over 80 years will get an additional 20% of their basic pension. This goes up by 30%, 40% and 50% for those over 85, 90 and 95, respectively
To get an idea of the quantum of hike, a person with a basic pension of Rs 10,000 — who used to get Rs 22,050 in hand — will now receive a total pension of Rs 26,216. The new rates are effective from January 2006 and the arrears will be given out in two installments — 40% during the current fiscal, 60% in 2009-10 .
The maximum gratuity too has been revised to Rs 10 lakh, up from the earlier Rs 3.5 lakh. If an employee dies during service, his family will now get full pension (enhanced family pension) for 10 years.
The new rules also add more flexibility in retirement benefits. For instance, those who are due to retire can now get 40% of their pension commuted and get a lump sum amount in turn.
GOLDEN SMILES
Here is again a summary of important links regarding 29 August Gazette Notification:
1.) Download the Pay Commission Notification and Resolution (29 August 2008) from the links given below:
SIX PAY COMMISSION GAZETTE,NOTIFICATION AND RESOLUTION FOR PENSIONERS AND PENSION CALCULATOR (ALL IN ONE)
Note:- Please use Winrar Software to extract the files from archive. Winrar can be downloaded from http://www.download.com for free
2.) Information about NEW PAY BAND:
The Final New Pay Bands are here | Enhanced Grade Pay for PB3 and PB4
3.)Read Full Text of Six Pay Commission:
Text of 6th Pay Commission Notification
4.) Information about DA,allowances,pay bands and other important features
Some Key Points of Sixth Pay Commission after notification
5.) For Salary Calculation:
Use the calculator given at www.staffcorner.com .
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After much requests from users about the PENSION BENEFITS FOR PENSIONERS as per the Sixth Central Pay Commission,Here is the Calculator for calculating pension as per 6th CPC.
Few useful Websites useful for all Pensioners:
Pensioner’s Portal (Govt. Of India)
Sites For State Govt. Pensioners:
1 | Assam |
2 | Gujarat |
3 | Himachal Pradesh |
4 | Madhya Pradesh |
5 | Punjab |
6 | Rajasthan |
7 | Tamilnadu |
8 | Uttar Pradesh |
9 | Chhattisgarh |
Download this New Pension Calculator to know the benefits for Central Government Pensioners out of Sixth Pay Commission recommendations
UPDATE:
PENSIONERS PAY INCREASE : AS PER SIXTH PAY COMMISSION.
as per Table in annexure 5.1.1. of cpc r3eoprt
M.F : 4.267
Pay + Dearness pay as on 1.01.2006 Rs 11190.00
Commutation Amount: Rs. 2984.
D.A. as on 1.1.2006 after revision: 0%
Revised Pay as on 1.1.2006 Rs.15965 (11190*1.4267) (see table 5.1.1 in annex)
Net pension Rs.12981 (15965-2984) less commutation)
prerevised pay+dp Rs.11190.00
DA as 0n 1.1.2006 24% (pre cpc6) Rs. 2686.00
Commutation amount Rs. 2984.00
Pension already drawn as on 1.1.06. Rs. 10892.
increase due to CPC as on 1.01.2006 Rs.12981-10892 = 2089
Pension as on 1.8.2008 Revised: Rs.15535 (D.A.16% + revised pension)
Pension already drawn: 1.8.2008 Rs.13465
Increase due to cpc as on 1.8.2008 Rs. 2070
Percentage increase to already drawn Basic pension+D.P = 2070/11190 *100= 18.5%
Dearness Allowance after CPC approved:
1.01.06 — 0 %
1.07.06 — 2%
1,01.07 — 6 %
1.07.07 — 9 %
1.01.08 — 12%
1.07.08 — 16%
So pensioner get 18.5% increase in their pension. Thanks to cpc.
Thanks to Mr. Sesha Iyengar Thirumalai for this update
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