The Modi government at the Center has given benefits to the employees who retired between January 2020 and June 2021 from these departments. The government has approved an increase of 11% in Dearness Allowance to these retired employees. With this, the junior to senior level employee will get the benefit of about 1 lakh to 7 lakh rupees in the retirement fund.
The Central Government has given a big gift to the retired employees. Under this, the central employees will get the benefit of one to seven lakhs. In this, a big gift has been given to the employees of Indian Railways and other Central Enterprises (CPSEs) under the Central Government.
The Modi government at the Center has given benefits to the employees who retired between January 2020 and June 2021 from these departments. The government has approved an increase of 11% in Dearness Allowance to these retired employees. With this, the junior to senior level employee will get the benefit of about 1 lakh to 7 lakh rupees in the retirement fund. This benefit will be given to retired employees in Gratuity and Leave Encashment.
Jay Kumar, Deputy Director, Pay Commission VII and HRMS Indian Railways said that the benefit of increased Dearness Allowance (DA) has been given to the retired employees. Now the people of the remaining departments are being given its benefit. Retired employees of all zones of the Railways will come under its purview and they will get benefits under it.
More than one lakh on 40 thousand,
if a retired employee at the time of retirement had a basic salary of 40 thousand rupees, then he will get more benefit in the increased 11 percent dearness allowance. The amount of Gratuity and Leave Encashment will increase by about Rs 1,17,000. Those with a basic salary of Rs 2,50,000 can get a benefit of more than Rs 7 lakh in the retirement fund.
Will be available in three categories
employees who retired between 1 January 2020 to 30 June 2020 will get Gratuity and Leave Encashment according to 21 percent DA. At the same time, 24% for retirees from 1 July 2020 to 31 December 2020 and 28 percent for retirees between 1 January 2021 to 30 June 2021.
Who will get the most benefit
Employees who retired between 1 January 2021 to 30 June 2021 will get the biggest benefit. His retirement fund will be at 28 per cent dearness allowance. The money of employees who retired between July-December 2020 will be at 24 per cent DA, while those retiring in January-June 2020 will get the money at 21 per cent DA.
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