Sunday, May 5, 2013

Govt employees with "New Pension Scheme" to get gratuity at same rate

Ministry of Finance has issued a press release and cleared the air about the entitlement of gratuity under new pension scheme. It is categorically stated that the NPS beneficiaries will be entitled to gratuity as per the same criteria as the old pension scheme employees are concerned. The new pension scheme is only the replacement of old pension scheme and it has no relation to the entitlement of gratuity.
View the press release

Friday, May 3, 2013

Download Central pensioner dearness relief order wef 01.01.13

Dept. of pension and pensioners' welfare, Govt. of India has released 8% D.R. order for central pensioners and family pensioners with effect from 01.01.2013. With this hike, the total Dearness Allowance will be enhanced to 80%.
Download the order

Thursday, May 2, 2013

Haryana hikes Dearness Allowance from 1st January 2013

The Haryana government today announced to enhance the rate of Dearness Allowance (DA) payable to the state government employees from existing 72 per cent to 80 per cent and it would be given in cash with effect from 1 January, 2013.
Stating this here, state's finance minister HS Chatha said that eight per cent increase had been made in the DA of Haryana government employees on the pattern of Central government employees.
It would put annual burden of Rs 420 crore on the state exchequer. However, the liabilities for the current financial year would be Rs 490 crore as Dearness Allowance would be paid to the employees for 14 months from 1 January, 2013 to February 2014, an official release said.
Source : PTI

Download IBA circular on D.A. increase for May/June/July 2013

IBA has issued circular for workmen and officers for 26 slabs D.A. hike for the period of May to July 2013.
Download IBA Circular

Tamilnadu hikes 8% D.A. from January 2013

Download 8% D.A. order
Tamilnadu C.M. announces a hike of 8% D.A. for employees and pensioners from January 2013. With this hike the total D.A. reaches to 80% of basic pay, at par with central Govt. employees. The hike will be effectve from 01.01.2013 and about 18 lakh employees including teachers, pensioners and family pensioners will be benifited. An additional burden of Rs 1639.93 crores will be added to the expenditure.
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