Karnataka Budget: Pay, pension hike likely to be announced

FM Jaitley’s commitment to the unions’ leaders should be honoured

"The government is going to fulfil the promise of Arun Jaitley to increase the salary of employees upto the pay matrix level 5 beyond the 7th Pay Commission recommendations which will be paid from April", the source further added. After revision, the minimum revised pension will be Rs 8,500 with the maximum pension fixed at Rs 75,300 per month plus dearness allowance. Family pension would have an upper limit of Rs. 45,180 per month.The existing pay and allowances were last revised on April 1, 2012 on the recommendations of the official pay committee set up in 2011.

This year is going to be very crucial for lakhs of central government employees who are eagerly waiting for the recommendations of the 7th Pay Commission to be finally be implemented.

The Commission said there are 5.2 lakh state government employees, 5.73 lakh pensioners and family pensioners along with 73,000 employees working in aided institutions, local bodies and non-teaching staff of colleges and universities.

While the salary has gone up, the HRA has been revised from the present 30 per cent, 20 per cent and 10 per cent slab to a 24 per cent, 16 per cent and 8 per cent slab respectively.

The maximum age for retiring is retained at 60 years but the minimum age for voluntary retirement will be reduced to 10 years, from the present 15 years, agreed the pay commission.

The Commission has also recommended a hike in pension for those aged above 80 - 20% for those aged 80-85 years; 30% for 85-90 years; 40% for 90-95 years; and 50% for 95-100 years old. The maximum limit of death-cum-retirement gratuity has proposed to be increased from Rs 10 lakh to Rs 20 lakh and payment of additional pensions of 20 per cent to 100 per cent for all pensioners aged above 80.

Substantial increase in various allowances and subsidies in vehicles for differently-abled employees has also been recommended by the commission. The salary hike is in line with the recommendations of the 7th Pay Commission for officers of all-India services, will come into force retrospectively from January 1, 2016. "We have three months to think of the second volume of the report". CM Siddaramaiah said the report will be placed before the next cabinet meeting for approval.

On the occasion, Siddaramaiah said the second volume of the recommendations will be submitted three months later.



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