7th Pay Commission Latest Update: Dearness Allowance has been increased to 28 percent by adding additional installments of 4 percent DA increased on 1 January 2020, 3 percent DA increased on 1 July 2020 and 4 percent DA increased on 1 January 2021.
New Delhi: 7th Pay Commission Update: There is great news for retired central employees. In fact, the Department of Expenditure of the Ministry of Finance has issued cash payment and gratuity to retired central employees. Let us tell you that information about gratuity has been released for January 2020 to June 2021. The ministry has issued a memorandum for this. According to this memorandum, information has been given about the release of dearness allowance from January 1, 2020 to June 30, 2021.
Information about gratuity, leave encashment
The department has given this information in a tweet in which it has been said that the Department of Expenditure has issued an Office of Memorandum on 7 September 2021 regarding gratuity and leave encashment for central employees. These are the employees who have retired during the period from January 2020 to June 2021.
Department of Expenditure has issued O.M. dated 07.09.2021 regarding calculation of Gratuity and Leave Encashment for Central Govt. employees, who retired during the period from January 2020 to June 2021.@DrJitendraSingh @FinMinIndia @mygovindia @PIB_India pic.twitter.com/12ECkMgzYr
— D/o Pension & Pensioners’ Welfare , GoI (@DOPPW_India) September 8, 2021
How much will you get dearness allowance
It has also been told that during this period the rate of dearness allowance will remain at 17% of the basic salary. Let us inform that the dearness allowance has been increased to 28% by adding additional installments of 4% DA increased on 1 January 2020, 3% DA on 1 July 2020 and 4% DA increased on 1 January 2020. That is, now there is a bat-bat for retired central employees.
As per the extant provisions contained in the Central Civil Services (Pension) Rules, 1972, DA on the date of retirement or death is counted as emoluments on the basis of computation of gratuity. In the memorandum issued by the Ministry of Finance, it has also been said that from January 1, 2020 to June 30, 2021, gratuity and cash payment in lieu of leave for retired central employees and already retired employees will be one time retirement benefits.
This is the rate of dearness allowance
1 January 2020 to 30 June 2020 – 21% of basic salary
1 January 2020 to 31 December 2020 – 24% of basic salary
1 January 2021 to 30 May 2021 – 28% of basic salary
All other conditions laid down in the CCS Pension Rules, 1972 and orders of the Department of Pension and PW will be applicable while computing gratuity and cash payment in lieu of leave.
