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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> Ministry of Finance <br /><br /> 7th Central Pay Commission recommendations approved<br /><br /> MANU/PIBU/0511/2016 - (29 Jun 2016)<br /><br /> </td> </tr> <tr> <td align="left" valign="top"></td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>The Union Cabinet approved recommendations of the 7th Central Pay Commission on pay and pensionary benefits. The recommendations will be considered effective 1 January 2016.<BR><BR> Minimum pay has been increased from Rs. 7,000 to 18,000 per month. Thus, the starting salary of a newly recruited employee at the lowest level will be Rs. 18,000, while for a freshly recruited Class I officer it will be Rs. 56,100.<BR><BR> The Cabinet did not accept hikes in monthly contribution towards Central Government Employees Group Insurance Scheme recommended by the Commission. Instead the existing rates of monthly contribution will continue.<BR><BR> Arrears arising out of delay in implementation of the recommendations will be made good within the financial year 2016-2017 itself.<BR><BR> The 7th Pay Commission estimates additional financial impact otto the exchequer at about Rs. 1,02,100 crore, in 2016-2017. An additional outlay of Rs. 12,133 crore will be on account of payments of arrears of pay and pension for two months of 2015-2016.</strong></td> </tr> <tr> <td align="left" valign="top" ><strong></strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : 7th, pay commission, matrix, minimum salary</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>