Change in the pension rules by the Centre, many to get benefited
Posted on: 24/Jul/2021 9:18:09 AM
It is now brought out that under the new pension rules after the death of an employee his family and dependents would get 50percent of the pension amount.
It is worthy to mention that the rule of condition of 7 years of service for the pension to the dependents of the government employees has been abolished. Information is that if an employee dies before completion of 7 years of service, then 50percent of the pension amount would be given to the family of the employee. In the past, many families suffered as they were unable to get the pension money due to the condition.
Dearness Allowance or DA has been increased now and this is a superb piece of information for the employees.
It must be noted that the Dearness Allowance, DA, Dearness Relief or DR for the employees of the central government has been increased from the current 17% to 28%. From 1st of July 2021, the new rates would be applicable. In April 2020, due to the Coronavirus infection pandemic, the finance ministry had decided to stop an increase in the DA for the employees of the central government and to the pensioners. It is known that there are 51lakhs employees and 61 lakhs pensioners of the central government and till 30th June they did not get any benefits from DA.
The superb piece of information is that now around 48lakhs employees of central government plus 65lakhs pensioners would get benefited. Now, the government would be spending nearly Rs 34401 crores for this purpose.
