7th Pay Commission for Govt Employees Likely by June- July 2016

Fatter paychecks for govt employees likely by June-July 2016

The Empowered Group of Secretaries that was entrusted with a job to examine the recommendations made by the 7th Pay Commission may be ready with their own recommendations within two months.

There is good reason to cheer for government employees as the Empowered Group of Secretaries that was entrusted with a job to examine the recommendations made by the 7th Pay Commission may be ready with their own recommendations within two months.

The payouts are likely to happen earliest by June and latest by July of this year, reports CNBC-TV18’s Sapna Das quoting government officials.

Moreover, the Group of Secretaries are likely to stick with the 7th Pay Commission’s recommendations on salaries and pension payouts.

The payments will be made in installments and the salary, pension arrears will be cleared first but higher allowances will be prospective, officials to CNBC-TV18.

The FY17 Budget already has provided Rs 65000 crore for the 7 th Pay Commission dues. If required the government may come out with higher numbers in the revised estimates, around the end of the year.

However, once the secretaries finish examining the recommendations, it will go for a fresh cabinet nod. The cabinet announcement will be most likely be made by Finance Minister around June or early July. Money Control