Home » , , , » 7th CPC terms. Retirement Age to 62, 10% Dearness Allowance, Rs.1000 Min Pension under EPFO: Cabinet may approve today

7th CPC terms. Retirement Age to 62, 10% Dearness Allowance, Rs.1000 Min Pension under EPFO: Cabinet may approve today

Written By Easy Life on Friday, February 28, 2014 | 2/28/2014 09:06:00 AM

The Cabinet meeting, possibly the last before the model code of conduct comes into force for the Lok Sabha polls, is likely to take up hiking dearness allowance to 100%, ensuring Rs 1,000 as minimum monthly pension under the pension scheme run by retirement fund body EPFO, raising the retirement age from 60 to 62 years, ToR of the 7th Pay Commission etc. along with other welfare measures.
The cabinet will also decide on hiking dearness allowance to 100 per cent from existing 90 per cent, benefiting 50 lakh employees and 30 lakh pensioners. The hike in DA would be effective from January 1 this year. 

The ministerial panel, which has more than 30 items on its agenda, is likely to take up the proposal to  raising the retirement age of government employees from 60 to 62 years. The raising of superannuation age was originally a part of the Terms of Reference of the Seventh Pay Commission. Since the Commission report is expected not before 2017, a decision on raising the retirement age cannot happen before that. So, the reference to retirement age has been removed from the ToR of the 7th Pay Commission and it is speculated that the same may be brought as a supplementary agenda. 
Another proposal which will bring cheers to pensioners is to ensure Rs 1,000 minimum monthly pension under the pension scheme run by retirement fund body EPFO, which would immediately benefit 28 lakh pensioners. 
The Cabinet meeting is likely to take up ordinances on grievance redress and timely delivery of services bill, amendment to Prevention of Corruption Act bill, disability rights bill, SC/ST atrocities bill and Sebi amendment bill. 



The news about merger of 50% da is not mentioned by recently published news by print media.  The 7th CPC Terms of Reference may clear the picture about merger of da. The links with headlines of latest news in this regard are given below:-

India Today - 8 hours ago
The Union Cabinet Friday will decide on a series of populist measures and some ordinances on anti-graft and protection of rights bills at a meeting possibly the last before the model code of conduct could come into force for coming Lok Sabha polls.

Times of India - 2 hours ago
The Cabinet meeting, possibly the last before the model code of conduct comes into force for the Lok Sabha polls, is likely to take up ordinances on grievance redress and timely delivery of services bill, amendment to Prevention of Corruption Act bill, disability ...
Business Standard - 2 hours ago
According to sources, the proposal is listed in the agenda of the meeting of the Union Cabinet scheduled for tomorrow. The move to ensure Rs 1,000 minimum pension under Employees' Pension Scheme-95 will immediately benefit about 28 lakh pensioners ...
Economic Times - 12 hours ago
According to sources, the proposal is listed in the agenda of the meeting of the Union Cabinet scheduled for tomorrow. ET SPECIAL: Save precious time tracking your investments. NEW DELHI: Union Cabinet is likely to approve tomorrow the proposal to ...
Zee News - 12 hours ago
"The Union Cabinet will take a proposal to hike Dearness allowance for its employees and dearness relief for its pensioners to 100 percent this Friday as per agenda listed for the meeting," a source had said. As per reports, it is also very likely that the Union ...
Business Today - 18 hours ago
The Union Cabinet is likely to approve hiking dearness allowance to 100 per cent from existing 90 per cent benefiting 50 lakh employees and 30 lakh pensioners in its meetingscheduled on Friday. "The Union Cabinet will take a proposal to hike Dearness ...
Sahara Samay - 16 hours ago
The Union Cabinet is likely to approve hiking dearness allowance to 100 per cent from existing 90 per cent benefiting 50 lakh employees and 30 lakh pensioners in its meetingscheduled on Friday. This increase in the dearness allowance by the UPA-2 ...

RTT News - 15 hours ago
The Union Cabinet is set to approve a proposal hiking dearness allowance (DA) to 100 percent from existing 90 percent in its meeting scheduled on Friday, media reports said, a move that would benefit 50 lakh Central government employees and 30 lakh ...
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