The final pay fee was arrange in 2014 and its suggestions got here into impact from January 2016.

eighth Pay Fee Information: The All-India Railwaymen’s Federation (AIRF) wrote a letter to the Cupboard Secretary, Authorities of India, demanding the restoration of the outdated pension system of pre-2004. This comes after the Centre launched the New Pension System (NPS) for central authorities staff in January 2004, changing the Outdated Pension Scheme. Because the resolution was made there was fixed calls for to revert to the sooner system.

The federation in its letter wrote, “…greater than 20 lakh civilian central authorities staff are ruled beneath the Nationwide Pension System and each month they must contribute 10% of their primary pay and DA to the NPS. This significantly cut back their take residence pay. The federal government has thus far not agreed to our demand to scrap NPS and to revive the pension beneath CCS (Pension) Guidelines, 1972 (now 2021) to the central authorities staff recruited on or after 1st January, 2004.”

It essential to notice that the demand has been raised by the affiliation alongside different calls for like establishing the eighth Central Pay Fee, from 1st January 2026. Notably, the federal government within the centre, normally after each 10 years, implements new pay fee suggestions.

The final pay fee was arrange in 2014 and its suggestions got here into impact from January 2016.

In its letter to the union authorities, the AIRF additionally mentioned that contemplating all of the features and the necessities and likewise to draw certified and proficient candidates to the federal government service, the time has now come to right away represent the eighth Central Pay Fee and “to revise the pay scales/allowances/pension and different advantages” of the central authorities staff by means of mutual discussions and settlements.

What Are The Key Advantages Beneath Outdated Pension Scheme?

• Workers, beneath the Outdated Pension Scheme (OPS), obtain a pension based mostly on a set system, which is the same as 50% of their last-drawn wage.
• Workers can get the advantage of biannual revision in Dearness Reduction (DR).
• OPS features a Common Provident Fund (GPF), to which staff contribute a portion from their wage whereas in job.
• Upon retirement, they obtain the whole quantity collected within the GPF over the course of their employment.