GRANT OF DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES - REVISED RATES EFFECTIVE FROM 01.01.2022
(Click the link below to view)
https://doe.gov.in/sites/default/files/MX-M452N_20220331_200339_3.pdf
Thursday, March 31, 2022
Wednesday, March 30, 2022
CABINET APPROVES RELEASE OF AN ADDITIONAL INSTALMENT OF DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND DEARNESS RELIEF TO PENSIONERS, DUE FROM 01.01.2022
Posted On: 30 MAR 2022 2:26PM by PIB Delhi
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has given its approval to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2022 representing an increase of 3% over the existing rate of 31% of the Basic Pay/Pension, to compensate for price rise.
This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.9,544.50 crore per annum. This will benefit about 47.68 lakh Central Government employees and 68.62 lakh pensioners.
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DS
Tuesday, March 29, 2022
No. Conf. /20122 Dated: 29th March -2022
Dear Comrades,
We on behalf of the National Sectt. Of the Confederation of Central Government employees and workers, congratulate the Central Government employees throughout the country for admirably responding to the call for organising two days strike action on 28th and 29th March, 2022. The strike on these two days had elicited unprecedented participation of the members surpassing the records of all such previous strike actions. As per the initial report, the strike was near total in Income tax and Postal Departments and in all other organisations, majority of the employees took part in the action. There had been insurmountable difficulties due to the strike being at the end of financial year. The limitation imposed by the Statute to complete action by 31st March, 2022, had debilitated certain comrades, who are charged with such responsibilities. Despite all these, it is very gratifying to note that every employees put in his/her best effort to make the strike a grand success. We take this opportunity to salute our comrades who made great efforts to ensure the near total participation of CGES in this strike action.
We are also grateful for the moral support and solidarity received from the National Co-ordination Committee of Pensioners Association and all its affiliates as also from the Officers’Organisations. The strike participation, which has surpassed all previous records, has demonstrated unambiguously the anger and anguish of the employees over the rejection of the genuine demands by the Government. The obstinacy in revisiting the New contributory pension scheme by the Government has naturally led the young comrades to enthusiastically participate in the action. The denial of Dearness allowance arrears of 18 months has brought about the discontent amongst the entirely of the workers. This apart, the increased work burden due to the non-filling up of large number of posts, which has reached almost 50% of the sanctioned posts, the high rate of inflation, the daily dosage of increase in the prices of petroleum products, the increasing prices of essential commodities all have contributed immensely for the generation of discontent amongst the employees and workers and the same has been manifested in this action in no small measure. The pan Indian presence of the Central Government employees in the strike underscores their feeling of anger against the policies of the Government. The leadership provided by the Central Trade Unions, (in which the ruling party controlled BMS refused to take part), in the country for such a massive action has been an important factor in the success of this strike.
We once again take this opportunity to congratulate our members
and extend our warm greetings and felicitation to all of them. We undoubtedly
share our confidence in the ultimate victory of the working class. We shall march together with every section of
the working people in the country, especially the kisans who had helped to organise
the strike successfully by giving a call for a rural bandh in the country with
the determination to ensure the withdrawal of the pernicious neo-liberal
policies pursued by this government.
(R.N. Parashar)
Secretary General
Confederation
Monday, March 28, 2022
Friday, March 25, 2022
EMPANELMENT OF RETIRED OFFICERS AS THE INQUIRY OFFICERS FOR CONDUCTING DEPARTMENTAL INQUIRIES AGAINST THE DELINQUENT OFFICIALS - REG.
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NPS TO OPS: NO PROPOSAL TO REINTRODUCE OLD PENSION SCHEME: RAJYA SABHA Q&A
NPS to OPS
GOVERNMENT OF INDIA
MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS
(DEPARTMENT OF PENSION & PENSIONERS’ WELFARE)
RAJYA SABHA
UNSTARRED QUESTION NO. 2518
(TO BE ANSWERED ON 24.03.2022)
RESTORATION OF OLD PENSION SCHEME
2518 SHRI MD. NADIMUL HAQUE:
SHRI DEEPENDER SINGH HOODA:
Will the PRIME MINISTER be pleased to state:
(a) whether Government propose to reintroduce the Old Pension Scheme (OPS) following the demands for same that has risen from various quarters;
(b) if so, the details thereof and if not, the reasons therefor;
(c) whether Government is aware that experts have pointed out that under the National Pension System(NPS), economic downturns can affect pensions as it is market-linked;
(d) whether Government is aware that under NPS, there is no proper safety net for retired employees as under the OPS;
(e) whether Government propose to adopt any measure to address these issues; and
(f) if so, the details including timeline regarding the same?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS AND MINISTER OF STATE IN THE PRIME MINISTER’S OFFICE (DR. JITENDRA SINGH)
(a) & (b): The National Pension System (NPS) was introduced for Central Government employees w.e.f. 01.01.2004 vide Ministry of Finance (Department of Economic Affairs) Notification No. 5/7/2003-ECB & PR dated 22.12.2003 for all new recruits joining the Central Government service (except armed forces) from 01.01.2004.
On introduction of the National Pension System, the Central Civil Services (Pension) Rules, 1972 were amended. Accordingly, the benefits of old pension scheme under the Central Civil Services (Pension) Rules, 1972 are not admissible to the Central Government civil servants appointed on or after 01.01.2004, under the amended rules.
There is no proposal to reintroduce old pension scheme to Central Government civil employees joined on or after 01.01.2004 under consideration of Government of India.
(c) to (f): NPS is now regulated under PFRDA Act, 2013 and regulations framed there under by PFRDA and Department of Financial Services. As per information furnished by Department of Financial Services:
The returns being market linked is a basic design feature of the National Pension System (NPS), however, pension being a long-term product also enables the investments to grow with decent returns, despite short term volatility. Further, the prudential guidelines stipulated by the Pension Fund Regulatory and Development Authority (PFRDA), the skills of the professional Fund Managers chosen through a rigorous process, and choice of asset allocation across various asset classes (Equity, Corporate Bond, Government Securities) enable the subscriber’s accumulations to grow over the long term, riding over the short-term volatility.
To safeguard the interest of the subscribers against any possible erosion of the pension wealth in times of an economic downturn, the exposure of equity/ equity linked instruments have been limited to only 15 % in the default scheme, which is made available to the Government subscribers in a default mode. Equity exposure exceeding this limit of 15% is only available for the subscribers who choose to exercise individual investment choice while moving out of the default scheme. Further, risk averse subscribers can also choose to invest their entire contribution (100%) in Government bonds
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