7TH PAY COMMISSION LATEST NEWS TODAY 2018 | SALARY HIKE ANNOUNCED FOR GOVERNMENT EMPLOYEES & PENSIONERS
The Jammu and Kashmir government on Tuesday approved implementation of the recommendations of the 7th Pay Commission, becoming the first state in the country to do so. The decision will lead to 20 per cent average hike in the salary of employees, said Finance Minister Mohammad Altaf Bukhari, adding that it will benefit five lakh employees and pensioners.
With the implementation of the 7th Pay Commission recommendations, the basic pay of employees as on December 31, 2015 shall be multiplied by uniform factor of 2.57 and then adjusted in the matrix recommended by the pay committee, an official release read.
Employees can draw their revised salary from the current month itself and the arrears accruing on account of implementation of 7th Pay Commission recommendations will be credited to their GP Fund account as has been the practice in the past. The arrears shall be paid to pensioners in cash in three installments after every six months.
On the revised pay, House Rent Allowance shall be available from April 2018 and all other allowances excluding Dearness Allowance shall continue as before.
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