Take advantage of an old pension plan or
To avail the facility of deposit fund under APS
One more piece of good news has come to the central employees that the staff is covered under NPS now the government is giving this new facility. The central government said that in case of death of such employees while on the job, their families would have two options, first to avail the old pension plan or to avail the facility of deposit fund under NPS.
The employee must state the choice in survival
The Central Government has announced to provide this facility under Rule 10 of CCS Rules 2021. According to the rule, in case of death of a government employee, his family will get this facility. However, the benefit of this scheme will be available only if the employee has to make a choice in life.
This is good news for the staff of Navodaya Vidyalaya. A circular issued by the education department said that the medical allowance of the principals of Navodaya Vidyalaya has been increased from Rs 5,000 to Rs 25,000.
When will you get increased medical allowance?
Central employees will get this benefit when they are treated at a government hospital or a hospital designated by the central government. Medical allowances can be availed when an employee or a member of their family falls ill.
After July 1, the dearness allowance of employees will increase from 17 per cent to 28 per cent. Employees will receive a two-year inflation allowance directly. The central government will issue 3 installments of inflation allowance.
The increase will occur after 18 months
Employee DA will increase after about 18 months. Employee DA was suspended last year because of Corona. In January 2020, the DA was increased by 4%. This was followed by an increase of 3% in the second half of June 2020. Now in January 2021, it has increased by 4%, which means a total increase of 28%
How much will your salary increase? The minimum salary as per the pay scale is Rs 18000. It is likely to add 15 per cent inflation allowance. That means you can get an increase of Rs 2700 per month and your salary will increase by Rs 32400 per year.
Inflation allowance can be up to 32 per cent in a short time
It may be mentioned that the inflation allowance for June 2021 is to be announced. Could rise to 4 percent, according to sources. If this happens, 4 per cent will be paid in the next six months after payment in 3 installments from July 1, after which the dearness allowance of the employees may increase to 32 per cent.
Take advantage of an old pension plan or
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