1. 7th Pay Commission covers 47 lakh government employees and 53 lakh pensioners.
2. 7th Pay Commission recommendations by and large accepted by the government.
3. Recommendations of 7th Pay Commission to be implemented from 1st January, 2016.
4. Minimum Pay of ₹ 18000 recommended against the existing ₹ 7000 p.m. Rate of Annual increment stays - 3%.
5. The total financial impact in FY 2016-17 is likely to be ₹1,02,100 crore.
6. 7th Pay Commission recommendations to be implemented within 6 months from due date.
7. 7th Pay Commission recommendations on pension and related benefits approved in general.
8. Pending decision by Committee, existing allowances to continue.
9. Existing rates of monthly contribution towards Group Insurance to continue.
10. Committee of Secretaries to look into 7th Pay Commission recommendations on National Pension System.
11. Starting pay in each Level of Pay Matrix calculated by applying Index of Rationalisation.
12. Grade Pay and Pay Band structure to be replaced by Pay Matrix, comprising 19 Levels.
No comments:
Post a Comment