Monday, December 10, 2012

J & K released second installment of pay commission arrears.

The Jammu and Kashmir government has released an amount of Rs 900 crores to clear second installment of the arrears of over 4.5 lakh state employees on account of Sixth Pay Commission during the current financial year, reports from Jammu said Sunday.

The installment had to be debited to the GPF account of the employees and paid in cash to the pensioners. With this, the total amount released for the employees and pensioners this year for two installments of Dearness Allowance (DA) and Pay Commissioner arrears has gone up to Rs 1800 crores.
The government had last year agreed to clear the arrears of Sixth Pay Commission due to its employees and pensioners in five installments of 20 per cent each spread over a period of five years. The first installment of Rs 900 crores was paid to the employees during the financial year of 2011-12. The installments would be debited to the GPF account of the employees but there would be no bar on their withdrawals.
The government had released Rs 500 crore for payment of 7 per cent DA installment to the employees, which was due from July 1 this year and Rs 400 crore for the installment, which was paid from January 1, 2012. The only DA installment, which would be due on January 1, 2013, is to be paid to the employees now, reports said, adding that the installment would be paid from the budget of next financial year i.e. 2013-14.

Source : Kashmir Reader

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