Amendments to the pension scheme to ensure pension as per the age
Posted on: 20/Apr/2018 12:03:33 PM
Amendments have been carried out in the rules and regulations of the pension scheme facilitating that the pension amount is decided and paid based on the pensioners age.
As per this, the pensioners of the age group 80-84 years will get a 20% increase in the pension amount.
The pensioners of the age group 85-89 years of age will get a pension increase of 30%.
Pensioners in the age group 90-94 years will get a pension increase of 40%.
Pensioners in the age group 95-99 years will get a pension increase of 50%.
Pensioners in the age group of over 100 years will get a pension increase of 100%.
In a similar trend, changes have been carried out in the gratuity paid to the family of government employees who died while in service
As per this, the employees who died within a year of joining service 2 months’ salary will be paid to the family.
If the employee died in service within 2 to 5 years of service after joining, 6 months’ salary will be paid to the family.
If the employees die while in service for 5 years to 11 years of service after joining, 15 months’ salary will be paid as the gratuity.
If the employees die while in service in 20 years of service after joining, a maximum of 33 months’ salary has to be paid as the gratuity.
