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 )
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 )
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