HomeBUSINESS7th Pay Commission: Benefits given to central govt employees before June 26...

7th Pay Commission: Benefits given to central govt employees before June 26 meet

7th Pay Commission: Benefits given to central govt employees before June 26 meet. Central government officials are optimistic about a June 26 meeting of the Seventh Pay Commission meeting and a possible announcement regarding grant (DA) funding. Central government officials have not received a DA from one and a half years ago. The DA is likely to increase to 28% due to three installments that workers have not yet received. Medium workers receive 17% of the DA currently.

The Central Government, to the delight of its employees, will be given increased health benefits, travel allowances (TA), and pension benefits under the National Pension Scheme (NPS) and House Building Advance (HBA) benefits, according to a Zee Business report.

Upgrade to Travel Allowance

The government has increased the deadline for filing TA claims from 60 days to 180 days before the announcement of the DA and Dearness Relief (DR) increase was announced. Orders relating to promotions will take effect from June 15, which is the date of issue of the order.

The office memorandum stipulates that the extension of the deadline for the submission of TA applications on the travels of retired workers and their families to their villages or post-retirement residences as retired government officials face difficulties in seeking the rehabilitation of TA when they retire within 60 days to complete their journey.

7th Pay Commission: Benefits given to central govt employees before June 26 meet
7th Pay Commission: Benefits given to central govt employees before June 26 meet

Strengthening medical reimbursement

Workers at Navodaya Vidyalaya School (NVS) will receive a medical rebate, along with the DA, according to a statement issued by the union’s education department. The medical claims claim for NVS principals has now risen from ₹ 5,000 to 000 25,000. This grant will be given to employees when they receive treatment at any public hospital or any public hospital. Every family is also entitled to this benefit.

NPS and pension benefits

According to Rule 10 of the Central Civil Services (Implementation of NPS) Rules, 2021, central government employees under the National Pension System (NPS) now have the right to receive benefits from the pension corpus placed under the old pension scheme (OPS) and -NPS in case they pass away. Family but you can’t get this benefit.

In the event that a government employee does not choose this option, the benefit under the old pension scheme will be automatically earned over the first 15 years of employment. Following this the function will have the default NPS option. The default OPS option is valid until March 2024 – even if a public servant has been in compliance with these rules for 15 years.

House Building Advance (HBA) Benefit

The Minister of Housing and Urban Trade in a memorandum of office previously announced that central government employees, who have received HBA benefits from October 1, 2020, will pay a basic interest rate of 7.90% in advance. The HBA interest rate for employees is now at 7.90% from October 1, 2020 to March 31, 2022.

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