The Economic Times daily newspaper is available online now.

    Dearness relief for these pensioners under 5th pay commission hiked

    Synopsis

    The Central Government enhanced the Dearness Relief (DR) from 368 percent to 381 percent of the basic ex-gratia for surviving CPF beneficiaries who departed from employment between November 18, 1960, and December 31, 1985.

    pension-piggyGetty Images
    The Department of Pension and Pensioner' Wealth announced an increase in dearness relief for certain categories of government employees via an office memorandum dated May 11, 2022.

    For surviving CPF beneficiaries who retired from service between November 18, 1960, and December 31, 1985, the Central Government increased the Dearness Relief (DR) from 368 percent to 381 percent of the basic ex-gratia, stated the department OM.

    According to the office memorandum, “The surviving CPF beneficiaries who have retired from service between the period 18.11.1960 and 31.12.1985, and are entitled to basic ex-gratia @ Rs.3000, Rs.1000, Rs.750 & Rs.650 for Group A, B, C & D respectively w.e.f 4" June,20l 3 vide OM No. 1/10/201 2-P&PW(E) dtd. 27"' June, 2013 shall now be entitled to enhanced Dearness Relief from 368% of the basic ex-gratia to 381 % of the basic ex-gratia w.e.f 01.01.2022."

    According to the Office Memorandum dated May 11, 2022, the Department of Pension and Pensioners' Welfare (DoPPW) stated that the enhanced DR would be applicable from January 1, 2022.

    With effect from January 1, 2022, the following categories of CPF beneficiaries will be entitled to increased Dearness Relief, which will increase from 360 percent to 373 percent of the basic ex-gratia:-
    • “The widows and eligible children of the deceased CPF beneficiary who had retired from service prior to 01.01.1986 or who had died while in service prior to 01.01.1986 and are entitled to revised ex-gratia @ Rs.645/-p.m w.e.f 04 June, 2013 vide OM No 1/10/2012-P&PW(E) dated 27" June,20l 3.
    • Central Government employees who had retired on CPF benefits before 18.11.1960 and are in receipt of Ex-gratia payment of Rs. 654/-, Rs.659/-, Rs.703/- and Rs.965/-.”
    Any DR payment that involves a fraction of a rupee is rounded up to the next higher rupee. Note that calculating the amount of DR payable in each case will be the duty of the pension disbursing agencies, including nationalised banks.

    (Your legal guide on estate planning, inheritance, will and more.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more

    (Your legal guide on estate planning, inheritance, will and more.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more
    The Economic Times

    Stories you might be interested in