Pension Archives - Talk To Iconic

After 25 years of service and retirement, Rajasthan Government employees will now only be eligible for a full pension. This age limit was previously 28 years. This choice was made on Tuesday night during the state cabinet meeting presided over by Ashok Gehlot, the chief minister of Rajasthan.

The Rajasthan Civil Services (Pension) Rules, 1996 have been proposed for amendment, and the cabinet has approved it, according to a statement. With this, employees will only be able to get the benefit of a full pension after completing 25 years of service and retiring, as opposed to the previous requirement of 28 years of service. In addition, seniors and family pensioners who are 75 years old would receive a 10% extra pension allowance.

As a result of the meeting, important decisions were taken regarding promotions, pensions, special pay, and designations.

The #Rajasthan government employees, who complete 25 years of service, will now get the benefit of full pension service. pic.twitter.com/xloWFk1HzH
— IANS (@ians_india) June 7, 2023

According to the Department of Pension and Pensioners’ Welfare, Dearness Relief (DR) for Central Government pensioners who are families has been increased from 3 percent to 34 percent with effect from January 1, 2022. Department of State tweeted that the new family pension rate has been rolled out for Central Government pensioners and family pensioners. On January 1, 2022, a new rate was implemented.

Related Post – Why Social Media Marketing Important For Business

Dearness relief has been reduced to 34 percent of the basic pension and family pension. Earlier, it was 31 percent. An additional installment of Dearness Allowance has been approved by the Union Cabinet for Central Government employees & a Dearness Relief payment has been approved for pensioners. The new rate is 3 percent higher than the existing 31 percent of Basic Pay.

DoPPW has issued orders on 05.04.2022 for enhancing the Dearness Relief admissible to Central Government pensioners/family pensioners from the existing rate of 31% to 34% of the basic pension/family pension w.e.f 01.01.2022. @DrJitendraSingh @DARPG_GoI @DoPTGoI @PIB_India pic.twitter.com/6ENzxKGcNn
— DOPPW_India (@DOPPW_India) April 6, 2022

DR rates will be applicable to the following categories:

The DR rates will be applicable to pensioners and family pensioners who are civil servants in the Central Government. Further, pensioners absorbed into PSUs and autonomous bodies for whom the 15-year commutation period has expired under this Department’s Office Memorandum 4/34/2002-P&PW(D) Vol-II dated 23.06.2017 until after that orders for full pension restoration have been issued.

Estimates of Defense Services Payments

Pensioners from all India service pensions, pensioners from railways and families, and provisional pensioners. OM no.23/3/2008-P&PW(B) dated 01.09.2017 was issued in respect of Burma Civil Pensioners/Family Pensioners and Families of Government Pensioners displaced from Burma/Pakistan.

Calculation of pension

According to the Pensioners Portal, DRs are generally declared twice a year during the months of March and September. Based on the DR rates for December of the previous year, the DR will be calculated for the months of January and February for the pension/family pension. The DR for the months of July and August will also be calculated as per the DR rates for June.

Tag: Pension

Govt employees in Rajasthan will get the benefit of full pension after completing 25 years of service

7th Pay Commission: Retired employees of these departments will get large amount, central government increased DR