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Retirement Gratuity & Death Gratuity for Central Government employees Hiked after DA increased

in National June 1, 2024 Comments Off on Retirement Gratuity & Death Gratuity for Central Government employees Hiked after DA increased 828 Views

Newdelhi:1/6/24:In implementation of the recommendations of the Seventh Central Pay Commission, the Department of Pension and Pensioners’ Welfare vide OM No. 38/37/2016-P&PW (A) (i) dated 04.08.2016 had issued instructions relating to revision of provisions regulating pension/gratuity/commutation of pension/family pension/disability pension/ex-gratia lump-sum compensation, etc.

As per the Government’s decisions on the recommendations of the Seventh CPC, the maximum limit of Retirement Gratuity and Death Gratuity would be increased by 25% i.e. from Rs 20 Lakh to Rs 25 Lakh on reaching the Dearness Allowance Rates to 50%.

The Department of Expenditure, vide their OM No. 1/1/2024-E-II(B) dated 12.03.2024 has issued instructions regarding the enhancement of Dearness Allowance Rates from the existing 46% to 50% of the Basic Pay with effect from 1st  January 2024.

Accordingly, the Department of Pension & Pensioners’ Welfare, after due consultation with stakeholders, issued instructions vide OM No. 28/03/2024-P&PW (B)/Gratuity/9559 dated 30.05.2024, enhancing the maximum limit of Retirement Gratuity and Death Gratuity to Rs. 25 lakh under the CCS (Pension) Rules, 2021 and the CCS (Payment of Gratuity under NPS) Rules, 2021. This enhancement will be effective from 1st  January 2024.

It is to be mentioned that the Retirement Gratuity and Death Gratuity depend upon the basic pay last drawn and the length of the service rendered by the employee.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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