Thursday, June 5, 2014

Most Anticipated Points in 7th Pay Commission..!-90 PAISA BLOG

Most Anticipated Points in 7th Pay Commission..!

The Central Government constituted 7th Pay Commission on February 28, 2014, to examine various issues relating to emoluments’ structure, retirement benefits and other service conditions of Central Government employees and to make recommendations on the changes required.
Within days, the 4-member Commission began its work and prepared a 42-points questionnaire covering 15 different topics. The Commission is now waiting for replies from different perspectives. That’s why the list of people who want to give their opinions – general public, individuals, associations, organizations, unions and federations – keeps growing. Unlike before, instead of confining to Postal, Courier, Telegram, email and fax services, this time the Commission is also offering online option so that people can share their opinions from any part of the world. The online survey mode is going to be especially useful for pensioners, women, differently abled persons and senior citizens. In addition to these, the 7th Pay Commission is also expecting memorandums and replies from various unions and associations.

If we assume that the 7th Pay Commission started working in the month of March, then its 18-month tenure ends on August 2015. The Terms of Reports states that the Commission has to submit its complete report within 18 months, and that, or when necessary, present an interim report to the Government.
With three months having already ended, the 7th Pay Commission has stepped up its pace. If the 7th Pay Commission Recommendation Report gets presented in August 2015, then within four months, or as early as 01.01.2016, the Government could implement the suggestions.
These are believed to be some of the most eagerly awaited aspects of the 7th Pay Commission:
1. Will the salary revision be increased by 3 times?
2. Will the Grade Pay Structure continue?
3. What will the increment percentage hike be?
4. How much will the Children Education Allowance be increased by?
5. Calculation of minimum pension amount?
6. Will there be a change in the increment date?
7. Will MACP be given as per promotional hierarchy?
8. Will the 10 years mandatory period for MACP be reduced?
9. Will there be changes in the DA calculation method?
10. What will the HRA percentage be?
11. Will bonus ceiling be increased?
In addition to these, there are a number of other expectations too in the minds of Central Government employees.

Will the 7th Pay Commission fulfil all these desires? We will have to wait and watch.

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