Loss ! Losing everywhere !

ISROfef hopes that you all received your 7CPC revised pension this month. And that too with the arrears for the last 7 months.  So far so good. But its not so good !

You all would have realised that you got a hike of just 14 % in your gross pension amount. But, this is far too less than what we really expected. This means that we are at a great loss !

But the losses doesn't stop with the revised pension. It continues ... Now its the DA !

The DA increase wef  1-7-2016 is 2 % . ie. 2 % of the revised Basic Pension.
Had it been on the pre-revised Pension, it is 7%.
Please compute your DA increase . You will be surprised to know that you get less now !!
Just look at this example.
Pre-revised Basic Pension : 23050
DA increase as on 1-7-16 = 7 %
So you get an increase of  23070x7/100 = 1614

7CPC revised Basic Pension : 23050x2.57 = 59238
DA increase as on 1-7-2016 = 2 %
So you get an increase of  59238x2/100 = 1185

So, your loss ( due to revision ) = 1614 - 1185 = 429

This translates to a loss of  27 % in you DA (wrt to the revised Pension )

On course, Ofcourse !

Congratulations VKS Panicker !

ISROfef congratulates you , your team,  and ofcourse  ISRO, for this achievement .

( inserts  from TheHindu )

ISRO Pensioner

2nd issue of ISRO Pensioner from ISRO Pensioners' Association is just released.
This magazine is very informative, useful, and looks good !

ISROfef congratulates the ISRO P A team.

Chasing an Aircraft

This is a news clip from BusinessLine supplement dt 13th August. You may wonder how this relates to ISRO retirees.  But, a couple of ISRO employees, in 1975/76, have experienced something like this,  at Trivandrum Airport !  Oh ... not convincing ! ?  I'll not tell you everything about it right now. I can mention a few key words. That's all right now !

RH 300 rocket, First Indian missile, BSF, Test flights, Barmer Rajasthan  !!

Eye Yoga Exercises

Yes ... This will certainly do GOOD for you. 

Courtesy :  Vision Express, Trivandrum

Pension Calculator - and Arrears

If you are not sure of how to calculate your 7CPC revised pension and arrears ( based on Govt orders dt. 4-8-2016) , I suggest , please use the GConnect Pension Calculator .

Click the GConnect link below to compute your Pension and Arrears.

GConnect Pension Calculator

But, I am sure,  as an ISRO retiree, you know it better how to compute your pension and arrears. If that's my ego, please forgive me ....

Pension Orders - 4 August 2016

7CPC - Pension Order 1


7CPC - Pension Order  2


7CPC - Pension Order  3

Revised Pension orders issued - Good and Bad

The news is good and bad !

The good thing is that the Govt has issued orders on 7CPC revised pension. This is based on the 2.57 multiplication factor (Option 2 of 7CPC recommendations) .  As you all would know, the increase in pension is just 14.2 %

This doesnot  implement the OROP as per the PayMatrix recommended by 7CPC (Option 1 of 7CPC recommendations).  Let's hope  that the "Committee for review of feasibility of implementing the Option 1 " will bring us good news !

To calculate your revised pension ?? Just multiply your present (as per 6CPC) basic pension by 2.57. That's your gross pension. Subtract the commutation element , and that's your net pension receivable.

(This is without the age based additional pension ).

See the next post to read/download the Govt Orders

7CPC Video

An amusing, but meaningful Video from FaceBook . Click below ...

7CPC

CHSS news

Two important  CHSS communications are reproduced here for your information.