Andhra Pradesh Cabinet approves Guaranteed Pension Scheme, regularisation of 10,000 contract staff
Under the GPS scheme, eligible employees will receive 50 per cent of the last drawn salary as pension, including receiving dearness relief (DR) on the lines of the Central Government declaring dearness allowance and DR twice a year. "Keeping the...

Under the GPS scheme, eligible employees will receive 50 per cent of the last drawn salary as pension, including receiving dearness relief (DR) on the lines of the Central Government declaring dearness allowance and DR twice a year.
"Keeping the future of the state and the welfare of employees in mind, GPS has been amended," said a press note shared by the state government on Wednesday.
With respect to contract employees, all such employees who logged service of at least five years by June 2, 2014 would be regularised.
Likewise, the Cabinet has decided to offer uniform House Rent Allowance (HRA) for all employees working in a district headquarters at 16 per cent.
Similarly, the Cabinet has approved according DA and DR at 2.73 per cent starting January 1, 2022, which will further burden the exchequer by Rs 200 crore and has also approved the establishment of the 12th Pay Revision Commission (PRC) among others.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.