Saturday, August 1, 2015

Pay Commission report within a week ?

As per sources, seventh pay commission has prepared it's report and will submit it within a week. It has mentioned that the report is going to be submitted on 7th of this month. Ministry of Finance will examine the report thereafter and may be sanctioned by cabinet within October. The new pay scale is going to be operational from 1st January next year.
Though there is gossip about fitment benefit of 2.86 times and proposal of early retirement (60 years of age or 33 years of service, whichever is earlier), nothing could be confirmed at this stage till now.
As per news available with us, the present Grade Pay system is going to be abolished and seventh CPC will recommend for 13 pay scales in it's report.
It may kindly be noted that above mentioned news available from sources should not be taken as granted as there is no scope to verify or cross check it's authenticity. Still we published the news to the viewers who are eagerly waiting for any inside news (!) , as available with us.


S.Lakshman Rao said...

The present communication about the Seventh Pay Commission Report is well defined procedurally and the requirements there after.

Prabhakar said...

It is reasonable and reliable. Hope this time cg employees are not disappointed

S.Lakshman Rao said...

We have not pointed out that the paper notification has errors.What has been suggested so far is all about accepted portion of the recommendation need to be with the approval of government sanction.!!! Great News!!!

Arabinda said...

30% increase in salaries and Multiplication Factor of 2.86 (actual 2.85) both are same.,
30% of Basic Pay along with 119% Dearness Allowance
= (Basic +DA)* 1.30,
i.e. (1 + 1.19) * 1.3 = 2.85

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