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The 7th CPC had, recommended Rs 5,200 as MSP for JCOs and other ranks. The Military Service Pay (MSP) for officers between Lieutenant-rank and Brigadier-rank is Rs 15,500. [2] (d) Disability to be "percentage based", and par with civilians, rather than "slab based" system recommended by 7CPC. [6] [34] [35] [36]
Post 3rd CPC Pensions. Civilian pension formula wasn't altered much. The significant change was to increase qualifying service for pension from 30 to 33 years. There after, maximum pension improved to 33/80 (41.25%) for 33 years of service. Formula for DR was worked out. I quote from para 92 Vol IV,
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:-
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
Workers who have a 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan can contribute up to $22,500 next year, up 9.8% from the limit of $20,500 this year.
[2]: para 10.1–2, and 6.2 In addition, the Government, on the basis of the report of third Pay commission, from which Armed Forces representation was excluded, and which was dominated by bureaucrats, increased the pension of civilians, who retired at 58, from 30 to 50 percent, a net increase of 20 percent; and reduced the pension of soldier ...
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