7th Pay Commission latest news: These state employees to get full salary from August; government curtails deferment period
7th Pay Commission latest news: The State Government of Mizoram has curtailed the deferment period of state employees salary from three months to two months.
7th Pay Commission latest news: The State Government of Mizoram has curtailed the deferment period of state employees' salary from three months to two months. The state government said that the decision has been taken in view of improvement in the financial condition of Mizoram and all staffers will be paid in full from August. The Finance Department of the Mizoram Government has already issued Office Memorandum in this regard. The Office Memorandum declared that all government employees shall be paid their salary in full from the month of August.
Since, Mizoram Government is one of those states that has implemented 7th Pay Commission for its employees, the Office Memorandum has given option to those employees who have opted for General Provident Fund (GPF), to either impound the reimbursement of deferred salary to the GPF account or receive in cash. Failure to exercise the option will result in automatic credit of the amount in the GPF account.
The Office Memorandum further said, "For government employees who opted for cash payment, repayment of the salary so deferred in respect of June 2020 shall be done in the month of August 2020 along with payment of salary for the month of August. Accordingly, repayment of the salary so deferred in respect of July 2020 shall be done in the month of September 2020 along with payment of salary for the month of September."
See Zee Business Live TV streaming below:
For government employees who opted for credit to a GPF account, repayment of the deferred salary for the months of June and July shall be done in one instalment along with payment of salary of August.
In June 2020, the Government of Mizoram had decided to cut state employees' salary for June, July and August months. In this decision it was decided that Group 'A' employees' salary will be deducted by 15 per cent, Group 'B' employees' salary by 10 per cent while Group 'C' and Group 'D' employees' salary by 5 per cent. But, after this Office Memorandum from the Finance Department of the Mizoram Government, all state government employees of Mizoram will get full August 2020 salary, which is about to be credited in a few days.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.