Thursday, November 19, 2015

Seventh Pay Commission Report submitted

A few minutes ago the report has been submitted to Finance Minister.
Click here for the report
Click here to calculate your new pay
Minimum basic pay for central govt staff recommended at Rs 18,000; maximum pay Rs 2.25 lakh per month.
New Pay Structure: The present system of pay bands and grade pay has been dispensed with and a new pay matrix has been designed. The status of the employee, hitherto determined by grade pay, will now be determined by the level in the pay matrix
Fitment: The starting point for the first level of the matrix has been set at ₹18,000. This corresponds to the present starting pay of ₹7,000, which is the beginning of PB-1 viz., ₹5200 + GP 1800, on the date of implementation of the VI CPC recommendations. Hence the starting point now proposed is 2.57 times of what was prevailing on 01.01.2006. This fitment factor of 2.57 is being proposed to be applied uniformly for all employees. 
Annual Increment: The rate of annual increment is being retained at 3 percent
Modified Assured Career Progression (MACP): i. This will continue to be administered at 10, 20 and 30 years as before.
House Rent Allowance: Commission recommends that HRA should be rationalized to 24 percent, 16 percent and 8 percent of the Basic Pay for Class X, Y and Z cities respectively 
Transport Allowance are recommended:
 Pay Level Higher
 7200+DA                  3600+DA
3600+DA                   1800+DA 
1350+DA                   900+DA

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