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    Home»News»Compensation & Benefits»New Central Pay Commission Committee being formed; Rs 10,000 crore to be distributed within 5 weeks
    Compensation & Benefits

    New Central Pay Commission Committee being formed; Rs 10,000 crore to be distributed within 5 weeks

    HRK News BureauBy HRK News BureauDecember 6, 20181 Min Read2856 Views
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    A Central Pay Commission Committee is being set up to implement the 7th Pay Commission in the states of the country where it has not been implemented as yet. Within five weeks, Rs 10,000 crore will be distributed and the employees will also receive 14 months’ dearness allowance (DA).

    Since the 7th Pay Commission will cover the year 2016 too, the employees are likely to receive arrears of three years. Maharashtra had already announced a pay hike for 20 lakh government staff, as per the 7th Pay Commission, with effect from January 1, 2019.

    The demands of all current and former government employees, as well as pensioners is likely to be fulfilled. Employees have been assured that they will receive the benefits of the old pension scheme. Following this, the strike that had been planned by the employees’ unions of BSNL for December 3 has also been postponed till December 10, 2018. The employees’ union has been demanding pension revision with effect from January 1, 2017 along with 32 per cent fitment factor strike. MTNL staff is also expected to join the campaign.

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