New Delhi, June 22: The central government has approved the revised pension under the 7th Central Pay Commission for several states and central government retired employees. With this move, a total of 23 lakh retired employees of central and state universities and government-aided colleges along with non-teaching staff will be getting a hike of up to Rs 18,000. However, central government employees have been waiting for a hike in minimum pay and fitment factor beyond the recommendations of the 7th Pay Commission.
Human Resource Minister Prakash Javadekar announced of increasing pension of retired employees of universities and college along with non-teaching staff through a tweet. This decision will benefit over 25,000 pensioners of Central University and UGC-recognised Deemed Universities.
The @narendramodi govt has revised pension of retired faculty & other non-teaching staff in Central Universities and Colleges as per the recommendations of the 7th Central Pay Commission. #Pension #CentralUniversity #7thPayCommission
— Prakash Javadekar (@PrakashJavdekar) June 11, 2018
According to media reports, Prime Minister Narendra Modi is likely to announce the hike in minimum pay and fitment factor beyond the recommendations of the 7th Pay Commission in his Independence Day address from Red Fort. The Prime Minister is also expected to announce an increase in retirement age of central government employees from 60 years to 62 years.
Many state governments including Tripura have shown their commitment to providing benefits of 7th pay commission to their employees. Tripura government has announced to implement a new pension policy to government employees joining service from July 1, 2018.