Resolution for Revising Pension in 7th CPC will be issued soon

Resolution for Revising Pension in 7th CPC will be issued soon

The notification for revising Pension benefits in Sixth CPC had been issued on the same day of the Gazette Notification issued for revising the Pay and Allowances of Serving employees.

The Sixth CPC had submitted its Report on 24 th March 2008 and exactly after five months, the Central Government issued Notification for Implementation of Sixth CPC report on 29-8- 2008. The same day Resolution for Revising Pension had also been issued by Department of Pension.

When Gazette Notification for implementation of 7 th Pay Commission Recommendation published on 25 July 2016, it was expected that the Notification for Revising Pension in 7 th CPC would also be published. But unexpectedly, on 25 th July 2016, there was no such Resolution or notification issued for revising Pension as per 7 th CPC recommendation.

It is very difficult to understand the reason behind the delay in issuing Resolution for Revising Pension. The Press Note titled ‘Cabinet Decisions on implementation of the recommendation of 7 th Pay Commission’ issued by Ministry Finance states

“ The general recommendations of the Commission on pension and related benefits have been approved by the Cabinet. Both the options recommended by the Commission as regards pension revision have been accepted subject to feasibility of their implementation. Revision of pension using the second option based on fitment factor of 2.57 shall be implemented immediately. A Committee is being constituted to address the implementation issues anticipated in the first formulation. The first formulation may be made applicable if its implementation is found feasible after examination by proposed Committee which is to submit its Report within 4 months.”

It has been clearly stated in the Cabinet Decisions that “Revision of pension using the second option based on fitment factor of 2.57 shall be implemented immediately”

The Pensioners Welfare Associations need to clear the doubt of the Pensioners that why the Resolution has not been issued so far. Whether they have been informed about the delay? and what is the reason for the delay in issuing Resolution for Revising pension?

It seems that they want both two options to be given for fixation of Pension so that they can choose whichever is beneficial to them. In that case, the Resolution will be published after four months. Because the Proposed Committee is given four months’ time to examine the feasibility of implementation of First Formulation.

The Sources, on condition of anonymity, told that the Department of Pension is prepared to issue the Resolution for revising the Pension using Second Option based on fitment factor of 2.57 till the Committee Submit report. However, this proposal is waiting for the Approval of Ministry of Finance.