Mar 24 2008
40% salary hike: 6th Pay Commission!
The sixth pay commission has suggested a 40% hike in salaries of Central Governmant staff anf officers along with their counterparts in defence and paramilitary forces. The report is submitted to Finanace Minister P Chidambaram on Monday by Justice B N Srikrishna.
The current HRA in A1 cities is asked to retain the same according to reports but for HRA in non-A1 cities, the panel has recommended a hike of 10-20%.
50 per cent of salary is recommended as pension at the age of 80, 90, 95 and 100. Retirement age is increased to 62. Further, the Commission has recommended that the pay scales of Central government staff and officers, and their counterparts in the defence and paramilitary forces be revised from January 1, 2006.
Central government employees’ remuneration includes a basic salary, a 50% dearness pay merged with the basic and a 47% dearness allowance of the total.
Five working days are suggested with only three national holidays ending all other gazetted leaves. However, Maternity leave is increased to six months.
Pay hike to cost Rs 13,000 to 16,000 crores to government exchequer is recommended.
Excluding the arrears that would accrue to the 55 lakh employees, the annual impact of the new wage jump is estimated at Rs 12,561 crore.
The Commission, headed by Justice B N Srikrishna, was constituted in October 2006 and it had been given 18 months to submit its report. The panel’s recommendations are likely to benefit an estimated 4.5 million Central government employees.
