Ex-babus' pension to double on turning 100
Vishwa Mohan, TNN | Aug 28, 2013, 04.28 AM IST
The change will benefit retired government officials who had been part of elite All India Services like Indian Administrative Service (IAS), Indian Police Service (IPS) and Indian Forest Service (IFoS).
The change will benefit retired government officials who had been part of elite All India Services like Indian Administrative Service(IAS), Indian Police Service (IPS) and IndianForest Service (IFoS).
Retired government servants of other 37 central services have been covered under similar pension facility for long.
Syncing pension rules for IAS, IPS and IFoS with that of retired babus of other central services, the ministry of personnel had last month brought amendments in the All Indian Services (Death-cum-Retirement Benefits) Rules.
The amended rules have provision of graded pensions. It has now putretired bureaucrats in distinct categories as per their ages. Under the new rules, they will get 20% more of their basis monthly pension if they turn 80.
The amount will further increase once they cross 85 years. They will get 30% additional pension between 85 and 90 years; 40% more from 90 to less than 95 years; 50% more from 95 to less than 100 years and 100% raise once they turn 100.
The amended rules say, "In case a member of the service retires in accordance with the provisions of these rules after completing qualifying service of not less than 10 years, the amount of pension shall be calculated at 50% of emoluments or average emoluments, whichever is more beneficial to him\her, subject to a minimum of Rs 3,500 per month and a maximum of Rs 45,000 per month."
Officials explained that the decision has been taken in view of recommendations of various pay commissions over the years, which had emphasized on the upgrade for additional monthly pension in view of longevity of Indians along with spurt in inflation.
http://timesofindia.indiatimes.com/india/Ex-babus-pension-to-double-on-turning-100/articleshow/22109299.cms