7th Pay Commission: Cheers To All Govt. Employees

Dear Readers,

Just after Diwali, all the Government Employees have recieved the gift in the form of pay commission report. The buzz remain intact in all the newspapers and channels. The commission, headed by Justice AK Mathur has submitted its report to Finance Minister Arun Jaitley yesterday. Some of the key points recommended by the commission are:

• 23.55 per cent increase in pay and allowances recommended
• Recommendations to be implemented from January 1, 2016
• Minimum pay fixed at Rs. 18,000 per month; maximum pay at Rs. 2.25 lakh
• The rate of annual increment retained at 3 percent
• 24 per cent hike in pensions
• One Rank One Pension proposed for civilian government employees on line of OROP for armed forces
• Cabinet Secretary to get Rs 2.5 lakh as against Rs 90,000 per month pay band currently
• Military Service Pay (MSP), which is a compensation for the various aspects of military service, will be admissible to the defence forces personnel only
• Short service commissioned officers will be allowed to exit the armed forces at any point in time between 7 to 10 years of service
• Commission recommends abolishing 52 allowances; another 36 allowances subsumed in existing allowances or in newly proposed allowances.
• Recommendations will impact 47 lakh serving govt. employees, 52 lakh pensioners, including defence personnel.

Now the report is in the safe hands of finance ministry and it is upto the Government what to implement and what not to. The key points have been mentioned above and a lot of other changes have been suggested by the report. In a statement, Finance Minister Arun Jaitley said "The Government has recieved the report and the final decision is yet to be taken". Now the time is to wait for Government's green signal. Let's hope that this get finalised on time.

-Source: Various Newspapers