BUSINESS

7th Pay Commission: Govt Makes Big Announcement For Retired Employees.

Retired government employees will now get gratuity, cash payment and hike in Dearness Allowance as announced by the Central government in a tweet.

The Department of Expenditure, Ministry of Finance, has said that the retired central employees will receive cash payment and gratuity. The information for gratuity for January 2020 to June 2021 has been released.

The Finance Ministry has issued a memorandum in which it has mentioned the release of dearness allowance (DA) from 1 January 2020 to 30 June 2021.

Taking to Twitter, the Finance Ministry informed retired employees about the benefits they would receive. Notably, these benefits will be given to the employees who have retired during the period from January 2020 to June 2021

“Department of Expenditure has issued O.M. dated 07.09.2021 regarding calculation of Gratuity and Leave Encashment for Central Govt. employees, who retired during the period from January 2020 to June 2021,” Department of Pension & Pensioners’ Welfare tweeted.

Notably, the move from the Centre comes after it increased Dearness Allowance (DA) and Dearness Relief (DR) for government employees and pensioners respectively to 28% from 17% with effect from July 1. Last year DA hike was frozen for the period January 2020 to June 2021 because of the pandemic.

Copy of the government order:

Sherjeel Malik

Sherjeel Malik is a content writer at Kashmir Digits. Apart from covering current affairs, Sherjeel likes to create content about sports and write opinion based articles.

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