7th Pay Commission Latest News Today: DOUBLE BONANZA! BIG HIKE in pay and pension from THIS MONTH - check details of dearness allowance (DA), dearness relief (DR)
7th Pay Commission Latest News Today: So, what are the central government employees eagerly waiting for? They are waiting for the Dearness Allowance (DA), due since the month of January this year. As per the data released by the All India Consumer Price Index (AICPI), it is expected that there will at least a DA hike of 4 per cent from January to June. However, there is a twist in the tale. Let's see what awaits!
Double Bonanza
Since it is expected that the centre will restore DA from July 1, 2021, because they have put DA hike on hold, this will be good news for the retired central government employees also because their Dearness Relief (DR) benefit will get restored with DA restoration. If this is the case, it is going to be good news for around 52 lakh central government employees and around 60 lakh pensioners of the central government. Source: PTI
7th Pay Commission - DA Arrears
Following the restoration of the DA, the DA for the central government employees will be raised to 28 per cent from the current 17 per cent. This will also include the DA announced from January 2020 to June 2020 and July 2020 to December 2020 which are 3 per cent and 4 per cent, respectively. This will also include the 4 per cent DA announced from January 2021 to June 2021. Source: PTI
7th CPC Pay Hike
As the salary of the central government employees is decided by the fitment factor (which is 2.57) multiplied by basic salary plus DA. When the DA will jump from 17 to 28 per cent, a central government employee's salary will automatically get raised. Apart from that they will be given three installments of the DA arrears too. Source: PTI
DR benefit for pensioners
Not only the central government servants, but the pensioners will also get the benefit of the DR restoration. Their pension will jump in the same manner the way a central government employee's salary will grow. After the DA announcement, their DR will go up and, in that case, their monthly pension will go upward, and they will also get arrears for the three installments of their DR. Source: PTI