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Thursday, 19 November 2015

7CPC : The recommendations are scheduled to take effect from January 1, 2016 - Col Ranbir Lamba

Representational image

In a bonanza for central government employees, the 7th Pay Commission is likely to recommend on Thursday a 22-23% jump in their salary and allowances, according to sources.
 
The Pay Commission headed by Justice A K Mathur has suggested a 15% increase over the basic salary plus DA for the central government staff, they said, adding that an increase in allowances like HRA has also been recommended.
 
The total increase will be 22-23% of the gross salary (basic plus DA plus allowances), the sources said.
 
The recommendations of the 7th Pay Commission are scheduled to take effect from January 1, 2016.
Besides Chairman, other members of the commission are Vivek Rae, a retired IAS officer of 1978 batch, and Rathin Roy, an economist. Meena Agarwal is secretary of the commission.
The central government constitutes the pay commission every 10 years to revise the pay scale of its employees and often these are adopted by states after some modifications.
 
The Commission was set up by the UPA government in February 2014 to revise remuneration of about 48 lakh central government employees and 55 lakh pensioners.
 
The Union Cabinet had extended the term of the panel in August by four months, till December. The 6th Pay Commission was implemented with effect from January 1, 2006.

= = = = = = = = = = = = = = =
7th CPC First solve on retired
1) increase expected 15%
2) serving will get HRA 7-8% in addition
So their net may be 23-23%
While retire will be a loser
All allowance should also be made applicable to retires also.
Col Lamba ( one man army)

Col Ranbir Lamba (one man army)

8 comments:

  1. A smart move by babu's to divide & rule. Serving HRA 7-8%( That too income tax free) in addition
    Retired left to fend themselves
    +
    Col LAMBA( one man army)

    ReplyDelete
  2. A smart move by babu's to divide & rule. Serving HRA 7-8%( That too income tax free) in addition
    Retired left to fend themselves
    +
    Col LAMBA( one man army)

    ReplyDelete
  3. Accordingly The Fitment formula for the above two estimates are worked out below
    Present DA = 119%
    Expected DA from from January 2016 =6%
    Total Da =125 %
    DA has to be neutralised to arrive Revised Pay from 1.1.2016, if so Multiplication factor will be 2.25
    If 30% increase is recommended-
    The Fitment formula = 2.25 + (2.25×30/100) = 2.92
    Minimum Basic will be Rs.7000 x 2.92 = Rs.20440
    If 15% increase is recommended-
    The Fitment formula = 2.25 + (2.25×15/100) = 2.58
    Minimum Basic will be Rs.7000 X 2.58 = Rs.18060

    ReplyDelete
  4. Accordingly The Fitment formula for the above two estimates are worked out below
    Present DA = 119%
    Expected DA from from January 2016 =6%
    Total Da =125 %
    DA has to be neutralised to arrive Revised Pay from 1.1.2016, if so Multiplication factor will be 2.25
    If 30% increase is recommended-
    The Fitment formula = 2.25 + (2.25×30/100) = 2.92
    Minimum Basic will be Rs.7000 x 2.92 = Rs.20440
    If 15% increase is recommended-
    The Fitment formula = 2.25 + (2.25×15/100) = 2.58
    Minimum Basic will be Rs.7000 X 2.58 = Rs.18060

    ReplyDelete
  5. However, since the hike in salaries is effective from January 2016, the arrears until June could be hived off as employees’ savings into the pension fund. “The Controller General of Accounts is already considering options for investment of Seventh Pay Commission arrears,” said an official.

    ReplyDelete
  6. However, since the hike in salaries is effective from January 2016, the arrears until June could be hived off as employees’ savings into the pension fund. “The Controller General of Accounts is already considering options for investment of Seventh Pay Commission arrears,” said an official.

    ReplyDelete
  7. FOOD ,CLOTH,SHELTERS ARE BASIC REQUIREMENTS
    HENCE HRA SHOULD ALSO BE GIVEN TO RETIREES TOO

    COL LAMBA

    ReplyDelete