PAY COMMISSION: 2nd Installment of CPC Arrear {60%} : Released for Employees and Pensioners.

Tuesday, August 25, 2009

2nd Installment of CPC Arrear {60%} : Released for Employees and Pensioners.

Over 8 million central government employees and pensioners are likely to receive a festival season bonanza with the finance ministry ordering the release of arrears totalling Rs 16,500 crore.

As we have informed earlier in this blog, the Govt. has issued order regarding release of 2nd installment of CPC arrear for both employees and pensioners in two different Office Orders.

For the new entrants {post 01.01.2004}, it is mandatory for the AO/DDOs to obtain the Registration forms for the NPS scheme before releasing the arrear.

The Govt. has encouraged the employees to deposit the money to their GPF A/C voluntarily. It is not at all mandatory.

View the Govt Order for Employees.

Railway Board's Order of 60% of Arrear

In the order for disbursement of pensioners, the Pension Disbursement Authorities/Public Sector Banks are requested to disburse the 60% arrear latest by 30th September 2009.

View the Govt. Order for Pensioners.

5 comments:

AMITAVA MITRA said...: Great News. Thanks a lot to you for giving the information in as early as February this year that it will be released in August. Thanks again.; August 25, 2009 8:46 PM
mahesh said...: Is there any news to raise the retirement age from 60 to 62 .As it was not declared by PM in 15 august 2009; August 26, 2009 6:14 PM
m said...: you are know the status about ntpc,any meeting held on 29/08/09; August 28, 2009 8:47 AM
duddy julien said...: WOW!It is good for pensioners,better for in-service,and best for housewives!; September 2, 2009 9:57 AM
duddy julien said...: Pooh,the education is a matter in concurrent list;so state Govts may take their own time to earn interest by delaying the action.No wonder if a classic neighboring state of Haryana calls for recovery after having granted the arrears to the teachers in particular!; September 2, 2009 10:03 AM