Committee Formed to Examine the 1st Option for Revision of Pension
Government Decision on Options
Both the options recommended by the 7th Central Pay Commission as regards pension revision be accepted subject to feasibility of the implementation.Revision of pension using the second option based on fitment factor of 2.57 be implemented immediately.
The first option may be made applicable if its implementation is found feasible after examination by the Committee comprising Secretary (Pension) as Chairman and Member(Staff). Railway Board, Member (Staff), Department of Posts, Additional Secretary & Financial Adviser, Ministry of Home Affairs and Controller General of Accounts as Members
Source : http://www.pensionersportal.gov.in/
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The record for implementation of the option 1 is available. What is missing is the WILL to implement. And when the will is not there no one can help
If th committee is honest it is very easy. Date of retirement and retirement scales are always available in record of pension.
Only computer can do the job. Notional pay on 01-01-2016 as minimum of new scale.computer will calculate last increment before his retirement.by simply fixing first increment on 1st july 2016 or 1st jan 2017 and so on.
For example an officer with dob 31 aug 1955 retires on Aug 2015.
His notional pay on 1st jan 2016 is 11800. First increment on July 2016,/2007 2nd increment on 1st july 2017/2007 ………..2025/2015.
It is time for all the Pensioners Organizations to convince the Commission that the reason projected by the Ministers and the beurocrats for denying the first option is flimsy and that all details required are available in PPOs available with Pensioners and disbursing authorities. If the organizations fail, they are cheating the poor old senior citizens.