Within this the increase in pay will be 16% ,63% in allowances & 24% in pension; in FY17, financial impact to be 0.65% of GDP
Justice A K Mathur (right) submitting Seventh Pay Commission report to Finance Minister Arun Jaitley in New Delhi
A 23.55% pay hike has been recommended for central government employees by Justice A K Mathur in hisSeventh Pay Commission report that was submitted to Finance Minister Arun Jaitley today.
Within this the increase in pay will be 16% ,63% in allowances & 24% in pension
A minimum salary of Rs 18,000 and a minimum increment of 3% has also been recommended. Maximum salary will be Rs 2,25,000.
The recommendations will directly impact 50 lakh central government employees and 54 lakh pensioners.
One Rank One Pension has been recommended for central govt staffers as well as armed forces
A breakup of the integral recommendations of the Seventh Pay Commission52 allowances will be abolished and for defence personnel 36 allowances will be merged.
"In the 900-page report of Seventh Pay Commission, we've heard all parties, seen hardships of people," said Justice Mathur
Total financial impact in FY 2016-17 is likely to be Rs 1,02,100 crore, which is 0.65% of GDP.
The Pay Commission report has to be implemented from January 1, 2016.
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