The Seventh Central Pay Commission was set up by the Government of India on 28th February, 2014. The Government, after consideration, has decided to accept the recommendations of the Commission in respect of the categories of employee.
Here are 6 major things to know:
1. As per the rule, the basic pay as on December 31, 2015, is to be multiplied by the existing basic pay by a factor of 2.57.
2. The arrears shall be paid during the Financial Year 2016-2017.
3. The person will continue to draw subsistence allowance based on existing pay structure and his pay in the revised pay structure shall be subject to the final order on the pending disciplinary proceedings.
4. There shall be two dates for grant of increment namely, 1st January and 1st July of every year, instead of existing date of 1st July.
5. Entry-level individuals pay will be raised to Rs 18,000 a month from the current Rs 7,000. The maximum pay has been fixed at Rs 2.5 lakh.
6. A Committee will be set up to suggest measures for streamlining the implementation of the National Pension System (NPS).