Thursday, 27 February 2014

10 % Increase in D.A, 50% D. A Merging and Retirement Age 62

All central government employees are looking for the cabinet meeting which will be held today. Two or three benefits may be declared today for Central Government Employees.

10% increase in D.A from 01.01.2014

The definite one is 10% increase in Dearness Allowance which will be paid with effect from 01st January, 2014. As per the latest AICPIN (IW) (All India Consumer price Index Number for Industrial workers) the Dearness allowance headed 100% from 01st January, 2014. This will be declared credit:

50% D.A Merging

As per 6th Central Pay Commission when the DA (Dearness Allowance) hits 100%, 50% Dearness Allowance will be merged to basic pay. This may be declared today when the Dearness allowance meets 100%. Almost all employees associations requesting this merging and if this merging will not be declared an interim relief with effect from 01st January, 2014 may be declared today.

Retirement Age 62 years

Government employees are also expecting an increase in retirement age up to 62 years. At present the retirement age of central government employees are 60 years. It may increase to another couple of years.

Other benefits

When the DA touches 100% some allowances will be increased to 25% more. This also will be an added advantage to central government employees. Another expectation is minimum pension amount will be Rs. 1000. Let us wait for the declaration of the cabinet meeting today.

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