New Delhi Central government has issued notification and resolution for the implementation of the 7th Pay Commission recommendations, giving nearly 48 lakh central government employees 2.57 times hike in basic pay.
7th Pay Commission report will be effective from January 1, Finance Minister Arun Jaitley said during a press conference following a Cabinet meeting on June 29.
The minimum pay in central government with effect from January 1, 2016 will now be Rs 18,000 per month; at the highest level, it will be Rs 2.5 lakh.
"With regard to fixation of pay of the employees in the new Pay Matrix as on January 1, 2016, the existing pay (Pay in Pay Band plus Grade Pay) in the pre-revised structure as on December 31, 2015, shall be multiplied by a factor of 2.57," the notification said.
There shall be two dates for grant of increment - January 1 and July 1 every year - instead of the existing July 1 only.
Employees will be entitled to only one annual increment on either of these two dates depending on the date of appointment, promotion or grant of financial upgradation, it said.
The Cabinet had last month decided on pay increase for central government employees and pensioners, that is estimated to cost the exchequer Rs 1.02 lakh crore annually.
The 7CPC silently killed the OROP, and not many may realize it till they get their pension on 31 Aug 2016.
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