Thursday, 28 October 2010

50% Pay Commission Arrears to J&K State Government Employees

Government of Jammu & Kashmir decided to release 50% arrears as per 6th Pay commission to government employees of the state. The process will be started at the beginning of the next financial year. After the implementation of 6th Pay commission as per the 6th pay panel report, this decision has been taken. No doubt this will be a relief of all state government employees.

The 50% of the arrears will be arranged by the state government and the remaining 50% is supposed to fund by the central government. The arrears will be deposited in GPF and employees can withdraw the amount after certain lock in periods. Different lock in period has been decided for different class of employees.

Class IV employees can withdraw the money in 4 equal installments of in the next four years. Class III employees can withdraw money in five equal installments during the next five years. And class II and Class I employees can withdraw money in six equal yearly installments.

For pensioners the arrears will be given by cash and they will be grouped according to their age. For those who are 80 or above the arrears will be released in three installments and those who are in the category of 70 to 80 in four installments and the pensioners in 65 to 70 group can withdraw in five installments and others who are in the age group of 58 to 70 can withdraw the arrears in six installments.

The payment of arrears was one of the major demands of the nearly five lakh state government employees, who had gone on strike several times over the past two years. Even if it is in installments, the money will be deposited in GPF account the employees can earn interest as per the GPF rules.

Courtesy: IBNLive

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