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Chief Minister’s statement on Revision of Pay and Pension of State Government Employees as recommended by the 7th State Pay Commission
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Kemmannu News Network, 16-07-2024 14:57:23
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Print Chief Minister’s statement on Revision of Pay and Pension of State Government Employees as recommended by the 7th State Pay Commission
1) The 7th State Pay Commission was constituted on 19.11.2022 to address the demands for revision of pay, allowance, and pension of State Government employees. The Pay Commission submitted its report on 24.03.2024.
2) As per the recommendations of the 7th State Pay Commission, the salary, salary-related allowances, and pensions of Government employees will be revised with effect from 01.08.2024, as decided in the Cabinet meeting held on 15.07.2024. Accordingly, the salary and pensions will be revised by adding 31% Dearness Allowance and fitment of 27.50% to the basic pay of the employee as on 01.07.2022. This will increase the basic salary and pension of the employees by 58.50%. There will be an increase of 32% in house rent allowance.
3) The minimum basic pay of employees will increase from Rs. 17,000/- to Rs. 27,000/-. The maximum pay will be revised from Rs. 1,50,600/- to Rs. 2,41,200/-. The minimum pension of employees will be increased from Rs. 8,500/- to Rs. 13,500/-, and the maximum pension will be revised from Rs. 75,300/- to Rs. 120,600/-. The revision will be applicable to non-teaching staff of universities, employees of aided educational institutions, and local bodies.
4) This salary revision will incur an additional expenditure of Rs. 20,208 crores per annum and necessary budgetary provisions have been made in the budget of 2024-25.
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