- Advertisement -
HomePersonal FinanceGood news for pensioners! 3% increase in DR, salary will increase by...

Good news for pensioners! 3% increase in DR, salary will increase by Rs 11,364 with arrears, CHECK DETAILS

- Advertisement -
- Advertisement -

There is a great news for the retired employees of the Central Government. The benefit of the increased 7th pay commission dearness relief (DR) will be available in the pension of November. Along with this, arrears of four months will also be available. This will increase the pension of pensioners.



In fact, in October 2021, the Modi government had given the gift of Diwali to the central government employees at the rate of 3 percent in dearness allowance and dearness relief (DR). It was implemented from 1 July 2021. Now the arrears of July, August, September and October will also be included in the pension of the retired employees for the month of November.

Let us tell you that dearness relief is calculated on the basic salary. In such a situation, if the pension of a retired employee is 20 thousand rupees, then his salary will increase by 600 rupees. This increase will be as per the increased DR of 3 per cent.

There will be a big increase in the pay of Officer Grade, there will be a significant increase in the pay of Officer Grade as per 7th Pay Matrix. If someone’s basic salary is Rs 31,550 now, then he was getting Rs 8,834 according to 28% DR till now. But, now the DR has increased by 3% to 31%. So now you will get Rs 9,781 as DR every month. That is, every month the salary will increase by Rs 947. There will be an increase of Rs 11,364 annually.



Four months’ arrears will also come in the salary of November. Looking at the calculation of Officer Grade Pay, there will be an increase in DR by Rs 947 per month. That is, the arrears of four months will be Rs 3,788. At the same time, including the increased DR of November, the pension will be Rs 4.375 more. At the same time, a meeting will be held in December on behalf of the concerned ministry on the payment of arrears for the last 18 months.

 

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
RELATED ARTICLES

Most Popular

Recent Comments