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
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
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