May 13, 2024

Report Wire

News at Another Perspective

Family Pension BIG Update: Modi govt broadcasts huge hike | Details

2 min read

Image Source : FILE PHOTO Representational picture.
In a welcome growth for these availing household pensions, the Centre has raised the higher ceiling from Rs 45,000 to Rs 1.25 lakh per 30 days, Union Minister Jitendra Singh introduced on Friday.

Jitendra Singh mentioned the transfer will convey “ease of living” for the members of the family of the deceased workers and would supply satisfactory monetary safety to them.

Family pensions will now be restricted to Rs 1,25,000 per 30 days

The minister mentioned that the Department of Pension and Pensioners’ Welfare (DoPPW) has issued a clarification on the quantity admissible incase a baby is eligible to attract two household pensions after dying of his or her mother and father.

“The amount of both the family pensions will now be restricted to Rs 1,25,000 per month, which is over two and half times higher than the earlier limit,” mentioned Singh, the Minister of State for Personnel.

In accordance with sub-rule (11) of rule 54 of the Central Civil Services (Pension) Rules 1972, incase each spouse and husband are authorities servants and are ruled by the provisions of that rule, on their dying, the surviving little one is eligible for 2 household pensions in respect of the deceased mother and father, an announcement issued by the Personnel Ministry mentioned.

ALSO READ | India to see marginal hike in common wage to six.4% in 2021: Survey

 

Earlier directions laid down that the full quantity of two household pensions in such circumstances, shall not exceed to Rs 45,000 per 30 days and Rs 27,000 per 30 days, which had been decided on the price of fifty per cent and 30 per cent, respectively taking into consideration of the best pay of Rs 90,000 as per the sixth Central Pay Commission (CPC) suggestions, it mentioned.

Since the best pay has been revised to Rs 2,50,000 per 30 days after the implementation of the seventh CPC suggestions, subsequently the quantity prescribed in Rule 54(11) of CCS (Pension) Rules has additionally been revised to Rs 1,25,000 per 30 days being 50 per cent of Rs 2,50,000 and Rs 75,000 per 30 days being 30 per cent of Rs 2,50,000, the assertion mentioned.

The above clarification has been issued on the references acquired from varied ministry/division, it mentioned.

As per the present rule, if mother and father are authorities servants and one in all them dies whereas in service or after retirement, the household pension in respect of the deceased shall turn out to be payable to the surviving partner and within the occasion of the dying of the partner, the kid shall be granted two household pensions in respect of the deceased mother and father topic to fulfilment of different eligibility circumstances, the assertion mentioned.
Latest Business News

Copyright © 2024 Report Wire. All Rights Reserved