Did you compute your Revised Pension ?

Did you compute your Pension according to the revised guidelines ? Have any difficulty ??

In case you need help, please put your details as a comment below.

7CPC Pension fixation based on Notional Pay - Actions initiated

7CPC Pension fixation based on Notional Pay – Procedure envisaged by Finance Ministry for revising 7CPC Pension following decision taken by Govt to amend option 1 on the basis of Notional Pay calculated on the basis of Last Pay drawn by the Pensioner

Instructions are now given , vide this OM, to various agencies involved, for realising the pension revision and payments.

No.1(13)/EV/2017
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, the 23rd May, 2017

Office Memorandum

Subject: Procedural actions for revision of pension of pre-1.1.2016 retirees of Central Government in pursuance of the OM of Department of Pension and Pensioners’ Welfare dated 12.5.2017 – Regarding.

Revised and Revised Pension

You might be rejoicing ...on the recent two revision orders !  That's the new "via media" pay matrix and then the new revised Pay Matrix.

I am sure most of you are confused and must be worrying to know how to compute  your  new revised Pension.  Some of the web sites dealing with Govt staff and Pensioners have given sample calculations. But, sorry to say, that's all a blunder !

But believe me , the computation is not complex, if you have your data correctly with you.

Do you need a help in computing your new revised pension ?  Post your data as comments below.
Make sure to put : Date of retirement, Basic pay at retirement, Pay scale, Present Basic pension on 7CPC as on 1-1-2016)
.
I shall try to help you.  

Listen...Listen fellowmen !

Listen...Listen fellowmen...., keep your senses sharp and open ! Changes in our breath (aka Pension ! ) changes overnight !!!

And here is the latest !

Revised 7CPC  Pay Matrix for Civilian Central Government Employees and Defence Personnel – Finance Ministry Resolution dated 16.05.2017 – Changes made in Pay Matrix in level 13 (GP 8700) for revising fitment Factor from 2.57 to 2.67

Fitment Factor in Level 12A and 13 of 7CPC Defence Pay Matrix has been enhanced from 2.57 to 2.67

The Stages of Level 10B and Level 12 of Defence Pay Matrix (MNS) and corresponding levels of pay in pay matrix have been changed.

The Index of Rationalisation of Level-13 of Civil Pay Matrix shall also be enhanced from 2.57 to 2.67. Accordingly, the Civil Pay Matrix as contained in Annexure-1 mentioned in para 6 of the aforesaid Resolution dated the 25th July, 2016 shall be revised. The revised Civil Pay Matrix is at Appendix-1;

Click here to read more on this news from GConnect

Those old "SF"s  may smile. But not laugh !!

6CPC Fitment Tables for pay Revision

For those of you needing to fix your 6CPC Notional pay , here is the full table.

6CPC  Fitment Tables for pay Revision

Please Click here to read/Download


6CPC  Fitment Tables for pay Revision

Pension Revision - Illustrations

Bharat pensioners Samaj,  has presented a few illustrations of computing the revised pension based on the latest OM dated 12-5-2017.

Please visit  Bharat Pensioners Samaj



Bharat Pensioners Samaj

TDS - pensioners' woes

Why is that our Banks are behaving so illogical ? Why are they so cruel to the Senior Citizens ?

There is a  rule that TDS / Advance tax need not be collected from Senior Citizens (having no business or professional income ).  But Banks are deaf and dumb towards this. Inspite of specific requests for non-deduction from pension receipts, Banks continue to hurt the Pensioners. Why is this so ???

Now , another cruel act by Banks. They deduct 10% blindly !  Even from those in the lowest tax bracket !!

"ViaMedia" Pension revision has finally arrived

Revised 7CPC - Fixation for Pre-2016 Pensioners and Family Pensioners – Orders issued

No.38/37/2016-P&PW(A)
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners’ Welfare

3rd Floor, Lok Nayak Bhawan
Khan Market, New Delhi
Dated, the 12th May, 2017

Office Memorandum

Sub:- Implementation of Government’s decision on the recommendations of the Seventh Central Pay Commission – Revision of pension of pre-2016 pensioners/family pensioners, etc.

Read / Download the full order ... Click here  Pension Revision Order

Please read and analyse the order details, as how it applies to you.  It looks its very complex and confusing....

Lost Options and the White Elephant

Let's not think about the " lost options"  in pensions now. Lets look at what our younger brothers do at ISRO.

The latest report in the media says :

...... It seems the 16,000 dedicated workforce of ISRO delivers what it is mandated for but on the downstream side the line ministries seem to fail to capitalise on the gains......

Space diplomacy triumphs: But will South Asia Satellite become white elephant in space?
This is about the latest launch of the "South Asia Satellite".

If someone thinks this is a White elephant, its certainly is not ISRO's problem. Why the hell others responsible for its utility are not smart ??  Dear Modiji, please pull them up !  ISRO did their job well !!

Congratulations  dear brothers and sisters in ISRO !  Please continue doing your job... Don't worry what the tail end guys do !!

Inefficient Associations

7CPC Pension fixation as per Option 1 is more beneficial than the Option 2 and the method approved by Cabinet – Confederation

It's too bad !  The Confederation of pensioners' Associations have discovered  a great thing now !!. Here is a quote from their report in GConnect. It's a pity !!!

"  We are getting many phone calls and messages from Central Government Pensioners and employees regarding the Cabinet decision on 03.05.2017. Government has approved the recommendations of the Committee headed by Secretary (Pension) constituted by it as per the cabinet decision on 29.06.2016. The full details of the cabinet decision will be known only after issuing orders by Pension Ministry. The Pension Committee has told the JCM Staff Side that instead of Option-I parity, recommended by 7th CPC, it is considering 5th CPC recommended parity. It is presumed that the decision of the Cabinet may be to extend 5th CPC recommended parity to pre-2016 pensioners as recommended by Pension Committee. We are waiting for detailed orders to confirm "

Dear fellow men, kindly don't expect anything better ...  Just accept as it comes... and .....

No option 1 , But a Via-media !!

The following press release (dt. 3-5-17) is self explanatory.

The hope on OPTION 1  is over now.  At the same time, there is no clue as to what and how is this via-media. 

Cabinet approves modifications in the 7th CPC recommendations on pay and pensionary benefits

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved important proposals relating to modifications in the 7th CPC (Central Pay Commission) recommendations on pay and pensionary benefits in the course of their implementation. Earlier, in June, 2016, the Cabinet had approved implementation of the recommendations with an additional financial outgo of Rs 84,933 crore for 2016-17 (including arrears for 2 months of 2015-16).

The benefit of the proposed modifications will be available with effect from 1st January, 2016, i.e., the date of implementation of 7th CPC recommendations. With the increase approved by the Cabinet, the annual pension bill alone of the Central Government is likely to be Rs.1,76,071 crore.  Some of the important decisions of the Cabinet are mentioned below:

1.        Revision of pension of pre – 2016 pensioners and family pensioners

The Cabinet approved modifications in the recommendations of the 7th CPC relating to the method of revision of pension of pre-2016 pensioners and family pensioners based on suggestions made by the Committee chaired by Secretary (Pensions) constituted with the approval of the Cabinet.  The modified formulation of pension revision approved by the Cabinet will entail an additional benefit to the pensioners and an additional expenditure of approximately Rs.5031 crore for 2016-17 over and above the expenditure already incurred in revision of pension as per the second formulation based on fitment factor.  It will benefit over 55 lakh pre-2016 civil and defence pensioners and family pensioners.

While approving the implementation of the 7th CPC recommendations on 29th June, 2016, the Cabinet had approved the changed method of pension revision recommended by the 7th CPC for pre-2016 pensioners, comprising of two alternative formulations, subject to the feasibility of the first formulation which was to be examined by the Committee.

In terms of the Cabinet decision, pensions of pre-2016 pensioners were revised as per the second formulation multiplying existing pension by a fitment factor of 2.57, though the pensioners were to be given the option of choosing the more beneficial of the two formulations as per the 7th CPC recommendations.

In order to provide the more beneficial option to the pensioners, Cabinet has accepted the recommendations of the Committee, which has suggested revision of pension based on information contained in the Pension Payment Order (PPO) issued to every pensioner.  The revised procedure of fixation of notional pay is more scientific, rational and implementable in all the cases.  The Committee reached its findings based on an analysis of hundreds of live pension cases.  The modified formulation will be beneficial to more pensioners than the first formulation recommended by the 7th CPC, which was not found to be feasible to implement on account of non-availability of records in a large number of cases and was also found to be prone to several anomalies.