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Recommendations for 7th Pay Commission
Posted on: 21/Nov/2015 11:17:08 AM
The statement of recommendation for the 7th pay commission was submitted to the government day before yesterday. Below are the key recommendations made:
- 23.55 percent increase in overall salary central government and 16 percent increase in base pay
- 3 percent annual increment. The minimum salary should be fixed as Rs 18,000
- The maximum salary should be fixed as Rs 2.5 lakh. The group insurance should be increased to Rs 50 lakh. This will in turn increase the premium amount withheld from the salary. Increase in pension by 24 percent
- Rs 4.5 lakh salary for those working in telecommunication, insurance, electricity board, and airport
- Subsidies for one year education at IIT and IIM for enrolling students in military force
- Military officials working for a short time period should have the freedom of getting retired in a period of 7 to 10 years
- Paid leave for widowers for one year
- Incentives based on the performance of employees
- Cancellation of interest free loans
- Increase gratuity limit from Rs 10 lakh to Rs 20 lakh
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