7th Pay Commission DA Hike for Pensioners: Big update on dearness relief arrears, who all are covered and other details

7th Pay Commission DA Hike for Pensioners: The Ministry of Personnel, Public Grievances & Pensions has released an office memorandum outlining the details of dearness relief arrears, the categories of pensioners covered, and other important information.

Effective from July 1, 2024, the dearness relief rate was increased from 50% to 53% of the basic pension or family pension.

Which categories of pensioners are covered?

Civilian Pensioners: This includes pensioners from the Central Government, as well as pensioners from PSUs and Autonomous Bodies, as per previous orders.

Also Read Unified Pension Scheme: What will be the minimum pension under UPS after 8th Pay Commission gets implemented? BIG changes to pension rules: Retiring central govt employees must submit THIS form through online mode Central govt pensioners attention! BIG update on process for changing spouse’s name in pension records EPFO Wage Ceiling at Rs 21000: You’ll retire with a pension of Rs 10050 as govt mulls increasing EPS contribution limit

Armed Forces Pensioners: Including those paid under the Defence Service Estimates.

All India Service Pensioners: Pensioners from various all India services will also benefit from this hike.

Railway Pensioners: Family pensioners and retirees from the railway sector are included.

Provisional Pensioners: Those receiving provisional pensions will also see this increase.

Burma Civilian Pensioners: Pensioners from Burma and displaced government pensioners from Pakistan will receive the revised DR.

Also read: Is a married daughter of a deceased govt servant eligible for compassionate appointment? Here’s govt’s clarification

The memorandum also specifies that the payment deadline of arrears for the DR increase as October 2024, when the pension/family pension is disbursed. Additionally, any fractional amounts of DR will be rounded off to the next higher rupee.

Pension disbursing authorities, including nationalized banks, will be responsible for calculating the exact DR amount for each individual pensioner. The new rates apply across the board, but certain provisions like those for re-employed pensioners or pensioners receiving more than one pension will remain unchanged, the OM said.

In the case of retired judges of the Supreme Court and High Courts, separate orders will be issued by the Department of Justice.

This DR increase comes in line with the Ministry of Finance’s approval and has been issued in consultation with the Comptroller and Auditor General (CAG).

 » Read More

Related Articles

Top 5 credit cards for airport lounge access in India and abroad

Credit cards are invaluable travel companions, providing a host of benefits that elevate one’s journey. One standout perk of credit cards is access to airport lounges—a valuable benefit for frequent travelers seeking comfort and convenience. Most credit cards offer a limited number of complimentary domestic and international lounge visits each year. Premium cards often come

This stock wiped out 40% of investor wealth in just 5 days, what’s the big worry?

The share price of Gensol Engineering has been on a downward spiral, leaving investors worried. Over the past week, shares have nosedived nearly 40%, with the pressure mounting after credit rating downgrades and promoter stake sales. In today’s trading session, the share price of the company hit a low of Rs 308 on the NSE

IndusInd Bank down 40% in 1 year: 4 big worries are…

IndusInd Bank’s share price fell as much as 6% to the day’s low of Rs 881.10 on the National Stock Exchange on March 10. It was the major loser in the Nifty 50. Investors have been selling the stock for the past five trading sessions without a break, falling almost 8%. Here are 4 reasons

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Top 5 credit cards for airport lounge access in India and abroad

Credit cards are invaluable travel companions, providing a host of benefits that elevate one’s journey. One standout perk of credit cards is access to airport lounges—a valuable benefit for frequent travelers seeking comfort and convenience. Most credit cards offer a limited number of complimentary domestic and international lounge visits each year. Premium cards often come

This stock wiped out 40% of investor wealth in just 5 days, what’s the big worry?

The share price of Gensol Engineering has been on a downward spiral, leaving investors worried. Over the past week, shares have nosedived nearly 40%, with the pressure mounting after credit rating downgrades and promoter stake sales. In today’s trading session, the share price of the company hit a low of Rs 308 on the NSE

IndusInd Bank down 40% in 1 year: 4 big worries are…

IndusInd Bank’s share price fell as much as 6% to the day’s low of Rs 881.10 on the National Stock Exchange on March 10. It was the major loser in the Nifty 50. Investors have been selling the stock for the past five trading sessions without a break, falling almost 8%. Here are 4 reasons

Tata Power Company Share Price Today Live Updates, 10 Mar, 2025: Tata Power Company on the radar

Go to Live UpdatesTata Power Company Share Price Today Live Updates, 10 Mar, 2025: The Tata Power Company share is in news and the counter closed trade on 07 Mar, 2025 at Rs 351.3. The shares touched intraday high of Rs 360.45 in the last trading session while the intraday low was at Rs 350.2.

BEL dividend payout: 4 key factors that investors need to know now…

Bharat Electronics (BEL) is in the spotlight as it gears up to pay interim dividend to its shareholders with the record data set for March 11. With the recent orders and developments, the stock has been a key performer in the defence sector. The stock is up xxx% in 1 month on the back of