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Friday, May 20, 2016

Pension hike for pre-2006 retiree babus

GOOD news for those babus, who have retired before 2006. Now, IAS and IPS officers, who have retired before 2006, will get a hike in pension, apart from the arrears. This follows the Centre doing away with a provision of 33-years of service for earning full pension.
The move comes after the Department of Pensions and Pensioners Welfare decided that the revised consolidated pension of pre-2006...
pensioners shall not be lower than 50 per cent of the minimum of the pay in the pay band and the grade pay even if they had served for less than 33 years at the time of retirement.
Necessary orders directing concerned authorities to calculate the revised pensions in respect of central government pensioners, excluding retiree officers of three all India services — Indian Administrative Service (IAS), Indian Police Service (IPS) and Indian Forest Service (IFoS) — have already been issued.
It has been now decided that the same provisions “shall be applicable mutatis-mutandis (as mentioned in earlier order issued in this regard) to all India service pensioners of pre-2006″, said a communique sent to all chief secretaries of state governments and union territories administration by the Personnel Ministry.
As per rules, a central government servant is entitled to receiving superannuation pension on completion of at least 10 years of service. With effect from January 1, 2006, pension is calculated with reference to average emoluments — the average of the basic pay drawn during the last 10 months of service or last basic pay drawn whichever is higher.
Before 2006, for service of less than 33 years, amount of pension was proportionate to the actual service broken into completed half-year periods.

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