NEW DELHI, May 04: The Cabinet on Wednesday approved key proposals in the 7th Pay Commission recommendations that are likely to benefit more than 55 lakh pre-2016 civil, defence and family pensioners.
The proposed modifications would be effective from January 1, 2016 and would take the Centre’s annual pension bill to Rs 1, 76,071 crore, reports said.
The Cabinet, headed by Prime Minister Narendra Modi, has given its go ahead to the retention of percentage-based regime of disability pension implemented post the 6th CPC, which the 7th pay panel report had recommended be replaced by a slab-based system.
Another concern that has been addressed relates to military service pay and pay matrix that has been extended from 24 years to 40 years.
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