India Business News: The central government has recently announced a 4% hike in Dearness Relief (DR) for pensioners, effective from January 1, 2024. This adjustment will increase the DR to 50% for eligible pensioners. Eligibility and calculation details are provided in a March 13, 2024 Office Memorandum from the Department of Pension & Pensioners’ Welfare (DoPPW). Here's what you need to know about who qualifies for this increase and when they can expect to receive it.
Central govt pensioners, family pensioners: The Department of Pension & Pensioners Welfare (DoPPW) released an Office Memorandum mentioning which pensioners and family pensioners will be eligible for the recent dearness relief (DR) hike and how the payment of DR will be calculated. It will instructed the pension disbursing banks to arrange payments of dearness relief to pensioners or family pensioners without waiting for any further instruction from other authorities. Read here
7th Pay Commission: Dearness Relief Hike Notification for Central Govt Pensioners/Family Pensioners - Money News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Get the latest update on the Dearness Relief for Central Government pensioners and family pensioners. Learn about the revised rates effective from 01.07.2023
Highlights
Central Government pensioners/family pensioners shall be increased from the existing rate of 17 percent to 28 percent of the basic pension/ family pension with effect from July 1, 2021.
The increased rates of Dearness Relief (DR) will be applicable to Civilian Central Government Pensioners/ Family Pensioners including Central Government absorbed pensioners in PSU/ Autonomous Bodies.
The Armed Forces pensioners/ family Pensioners and Civilian Pensioners/ Family Pensioners paid out of the Defence Service Estimates.
The central government has finally brought happiness on the faces of central government employees and pensioners by announcing a hike in the Dearness Allowance and Dearness Relief with effect from July 01, 2021, to 28 percent, representing an increase of 11 percent over the existing rate of 17 percent of the Basic Pay/ Pension.