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[1] [2]: p 95, para 6.1.2–3 7CPC's recommendations affects the organization, rank structure, pay, allowances and pension, of 13,86,171 armed forces personnel. This helps A salary monitoring system is designed to determine and suggest needed changes to the salaries of government employees. [1] page 105, para 6.2.2[3]
For example, a Lt Col drew a fixed pension of Rs.625/- from Jun 1953 till Oct 1961. No DA/DR was admissible to pensioners before 3rd CPC. Later pension was increased to Rs 675 in Oct 1961. In Sep 1970 pension was reduced to Rs 587/- to compensate for grant of Death Cum Retirement Gratuity (DCR).
Dearness allowance rate applicable after implementation of 7th Pay Commission recommendations with effective from 1 January 2016 as shown in above table. Accordingly the Nodal Authority Department of Expenditure, Ministry of Finance has issued the Office Memorandum as shown below:-
No Year Defence Pensions in ₹ Crores Remarks 1: 1981 – 82: 1,670: 2: 2013 – 14: 53,582. 15: Defence allocation ₹ 2, 24, 000 crore (US$37. 15 billion prevailing average exchange rate). 2013-14 defence budget is exclusive of Rs 53, 582. 15 crore for defence pension, including for defence civilians.
Members of Parliament have a base salary of ₹100,000 (US$1,200) plus other allowances. The Chief Ministers of Indian states have varying salaries, with Telangana 's Chief Minister earning the highest at ₹400,000 (US$4,800) per month.
A good guideline is to have at least 3 times your salary by age 40, according to Fidelity. Ages 45 to 54. Average account balance: $168,646. Median account balance: $60,763.
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Pension; Leave encashment; Gratuity on Death; Medical facilities under Union Government Health Scheme; Single male employees and female employees in the Union government are eligible for child care leave for 730 days. [7]