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Arun Jaitley was confident from the very beginning.Seventh Pay Cimmission will lot of smiles on the faces of the employees and the pensioners.

rambabu wrote:

Arun Jaitley was confident from the very beginning.Seventh Pay Cimmission will lot of smiles on the faces of the employees and the pensioners.

I am one from them. Although state government will take more time to apply recommendation of 7th pay commisson.

 

anil wrote:
rambabu wrote:

Arun Jaitley was confident from the very beginning.Seventh Pay Cimmission will lot of smiles on the faces of the employees and the pensioners.

I am one from them. Although state government will take more time to apply recommendation of 7th pay commisson.

Congratulations Anil. State Governments may take time to implement the recommendations of Pay Commission. But, ultimately soon you are going to reap the fruits.

 

 

Let me elaborate my point that there is not much gain from pay commission. The fitment formula is 2.58 times the pay/pension  fixed on 1.1.2006.   Even without seventh pay commission report,  the employees are getting 2.25 times the pay/pension fixed on 1.1.2006. This is because the rate of dearness allowance on 1.1.2106 is 125%.  With the seventh pay commission pay scale/ pension,  there will be no D.A. on 1.1.2006 as the entire D.A. stands merged.  So the benefit is meager 0.33 times.

But the employees may benefit other way. As the basic pay is more, other allowances will increase. The amount of increment will also increase. The Pay commission has suggested a formula for parity between old and new pensioners similar to one rank one pay army but this is being considered infeasible. A committee has been appointed to give feasibility report. It is not understandable how some thing is feasible for army and infeasible for civilians.

Those enrolled from 2004 have another issue. They are not entitled to pension as old employees  are. For them there is new pension scheme which is really like mutual fund investment and the pension is not related to last pay as in case of old pension scheme. There is strong demand for scrapping the new pension scheme and introducing the old pension scheme. It may also be pointed out that the armed forces and para military forces are still entitled to old pension and the new pension scheme is not introduced for them. 


G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

For doing same amount of work one gets paid more. Accept it and enjoy. Why do so much of analysis.

Gulshan Kumar Ajmani wrote:

Let me elaborate my point that there is not much gain from pay commission. The fitment formula is 2.58 times the pay/pension  fixed on 1.1.2006.   Even without seventh pay commission report,  the employees are getting 2.25 times the pay/pension fixed on 1.1.2006. This is because the rate of dearness allowance on 1.1.2106 is 125%.  With the seventh pay commission pay scale/ pension,  there will be no D.A. on 1.1.2006 as the entire D.A. stands merged.  So the benefit is meager 0.33 times.

But the employees may benefit other way. As the basic pay is more, other allowances will increase. The amount of increment will also increase. The Pay commission has suggested a formula for parity between old and new pensioners similar to one rank one pay army but this is being considered infeasible. A committee has been appointed to give feasibility report. It is not understandable how some thing is feasible for army and infeasible for civilians.

Those enrolled from 2004 have another issue. They are not entitled to pension as old employees  are. For them there is new pension scheme which is really like mutual fund investment and the pension is not related to last pay as in case of old pension scheme. There is strong demand for scrapping the new pension scheme and introducing the old pension scheme. It may also be pointed out that the armed forces and para military forces are still entitled to old pension and the new pension scheme is not introduced for them. 

Thanks Gulshan Ji, Plz tell me if one  at present basic salary of 

employee is Rs 20000 and DA 125% total 45000. After seventh pay commission what will be basic salary of employee, 45000?

 

The latest news says, Central Government Employees' unions decided to defer their planned strike.  This happened after the the Central Government communicated with the Unions and  assured to consider the demands for minimum pay.

 

@anil - Plz tell me if one  at present basic salary of 

employee is Rs 20000 and DA 125% total 45000. After seventh pay commission what will be basic salary of employee, 45000?

 

You can get all the information here in this link article ..

http://www.staffnews.in/2016/04/7th-pay-commission-get-minimum-wage-of.html

 

 

 


Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!

usha manohar wrote:

@anil - Plz tell me if one  at present basic salary of 

employee is Rs 20000 and DA 125% total 45000. After seventh pay commission what will be basic salary of employee, 45000?

 

You can get all the information here in this link article ..

http://www.staffnews.in/2016/04/7th-pay-commission-get-minimum-wage-of.html

Please see the pay band and grade pay in existing six pay commission scale. also how many increments he has earned.  Then find the pay in the pay matrix at appropriate column  introduced by pay commission.  

http://7thpaycommissionnews.in/7th-pay-commission-standard-pay-scale-pay-matrix-with-distinct-pay-levels/


G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

Gulshan Kumar Ajmani wrote:
usha manohar wrote:

@anil - Plz tell me if one  at present basic salary of 

employee is Rs 20000 and DA 125% total 45000. After seventh pay commission what will be basic salary of employee, 45000?

 

You can get all the information here in this link article ..

http://www.staffnews.in/2016/04/7th-pay-commission-get-minimum-wage-of.html

Please see the pay band and grade pay in existing six pay commission scale. also how many increments he has earned.  Then find the pay in the pay matrix at appropriate column  introduced by pay commission.  

http://7thpaycommissionnews.in/7th-pay-commission-standard-pay-scale-pay-matrix-with-distinct-pay-levels/

Thanks.

 

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