In a festive surprise just ahead of Diwali, the Central Government has announced a 3% increase in Dearness Allowance (DA) for government employees. This brings the DA to 53% from the previous 50%. Furthermore, the Department of Personnel, Public Grievances, and Pensions has issued a new memorandum, effective from October 18, 2023, outlining additional pension benefits for central government retirees over the age of 80.
DA Hike for Central Government Employees
Under the 7th Pay Commission, central government employees will now enjoy a 3% hike in DA. Earlier, employees were receiving DA at 50% of their basic salary, but with this new revision, it has increased to 53%. This move has been welcomed by government employees and pensioners alike, as it provides them with additional financial security amidst rising inflation and cost of living.
The increase in DA applies to all central government employees and will be reflected in their upcoming salaries, ensuring a significant financial boost ahead of the festive season.
Additional Pension Benefits for Retired Employees Over 80
Alongside the DA hike, the Central Government has also announced enhanced pension benefits for retired employees aged 80 years and above. According to the Central Civil Pension Rules, 2021, Rule 44, Sub-rule 6, pensioners over 80 years old are now eligible for additional pension benefits based on their age group.
Age-based Additional Pension Benefits:
- 80 to 85 years: Pensioners will receive an additional 20% of their basic pension.
- 85 to 90 years: An extra 30% of the basic pension will be provided.
- 90 to 95 years: An additional 40% of the basic pension will be granted.
- 95 to 100 years: Pensioners in this age group will receive an additional 50% of their basic pension.
- 100 years or more: Retired employees aged 100 or above will receive 100% of their basic pension as an additional benefit.
Central Government’s Aim to Support Senior Pensioners
This policy move is aimed at providing financial support and enhancing the quality of life for elderly pensioners. The additional pension will help them cope with rising healthcare costs and other expenses that come with age. The increase in DA and pension benefits are part of the government’s broader initiative to improve the welfare of its employees and retired personnel, ensuring economic stability for those who have served the nation.
With the introduction of these additional pension benefits, senior pensioners can now look forward to a more secure financial future. This gesture by the Central Government during the festive season is expected to be highly appreciated by retired employees and their families.