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GOOD NEWS FOR PENSIONERS: Centre announces DA Hike for Retired Employees

Here is some good news for all the central government retired employees as the Centre has decided to increase their pension. According to an office memorandum by the Ministry of Personnel, Public Grievances and Pensions, this hike applies to those who retired from service between November 18, 1960, to December 31, 1985.

The memorandum said, the CPF beneficiaries who have retired from services between this period will also get basic ex-gratia of Rs 3000, Rs 1000, Rs 750 and Rs 650 for Group A, B, C & D respectively from 4th June 2013 will get enhanced DA relief from 368% of the basic ex-gratia to 381% of the basic ex-gratia from January 1, 2022.

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According to the memorandum, the widows and eligible children of the deceased CPF beneficiary who had retired from service before 01.01.1986 or who had died while in service before 01.01.1986 and are entitled to revised ex-gratia @ Rs.645 per month w.e.f 04 June 2013 vide OM No 1/10/2012-P&PW(E) dated June 27, 2013.

And secondly, the central government employees who had retired on CPF benefits before November 18, 1960, and receive an ex-gratia payment of Rs 654, Rs 659, Rs 703 and Rs 965.

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Recently the Central government also announced a DA hike for working employees by 4%, Read More about it here.

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