Pre-2016 retirees to get enhanced pension, arrears by Aug-end
The Seventh CPC's recommendations will be implemented from January 1, 2016.

For existing pensioners, who have retired till December 31, 2015, the revised pension or family pension with effect from this year shall be determined by multiplying the pension or family pension, as had been fixed at the time of implementation of Sixth CPC recommendations, by 2.57, it said, adding that, the amount of revised pension so arrived at shall be rounded off to next higher rupee.
The Seventh CPC's recommendations will be implemented from January 1, 2016.
The Ministry of Personnel, Public Grievances and Pensions has issued an order regarding increase in pension and grant of arrears to pre-2006 retirees.
"It is considered desirable that the benefit of these orders should reach the pensioners as expeditiously as possible," the Ministry said.
To achieve this objective it is desired that all pension disbursing authorities should ensure that the revised pension and the arrears due to the pensioners is paid or credited to their account by August 31, 2016 or before positively, it said.
Further, public sector banks handling disbursement of pension to the central government pensioners are hereby authorised to pay pension or family pension to existing pensioners at the revised rates "without any further authorisation from the concerned Accounts Officers or Head of Office etc", the order said.
There are about 58 lakh central government pensioners.
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.