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Business Standard
22-05-2025
- Business
- Business Standard
Retired a day before your annual pay hike?You might still get pension boost
Central government employees who retire just a day before their annual increment date will now be eligible for a notional increment, solely for the purpose of calculating their pension, the government has said. According to news agency Press Trust of India (PTI), the step was in compliance with a Supreme Court directive issued on February 20, 2025. Applies to employees retiring on June 30 or December 31 The Ministry of Personnel, Public Grievances and Pensions has issued an order stating that employees who superannuate on June 30 or December 31, just before their eligible increment dates of July 1 or January 1, will now be granted a notional increment for pension calculation. The benefit will be extended only if the employee has: Completed the required qualifying service Maintained satisfactory service and good conduct at the time of retirement Only for pension, not other benefits Citing the ministry's communication, PTI reported that the notional increment will be considered only for pension calculation purposes. 'As specifically mentioned in the orders of the apex court, the grant of the notional increment on January 1/July 1 shall be reckoned only for the purpose of calculating the pension admissible, and not for the purpose of calculation of other pensionary benefits,' the ministry said, according to PTI. The benefit will be effective only from May 1, 2023, in line with another Supreme Court order. PTI noted that no arrears will be paid for any period before this date. Employee unions hail the move The decision has been welcomed by employee unions. PTI quoted the All India NPS Employees Federation as expressing gratitude to the government. The Federation's national president Manjeet Singh Patel told PTI that the step would bring long-pending relief to thousands of government staff. He also urged the government to extend the benefit to employees under the National Pension System (NPS) who opt for the unified pension scheme. This development ensures that government servants retiring just before their scheduled annual raise are not penalised in their pension calculations due to timing, an issue that had led to multiple legal disputes in recent years. (with PTI inputs)
Economic Times
21-05-2025
- Business
- Economic Times
Central govt employees will get notional increment if they are retiring a day before annual pay hike
Central government employees retiring a day before their annual pay hike will now be eligible for a notional increment to calculate their pension, following a Supreme Court order. This decision, effective from May 1, 2023, ensures that employees who retired on June 30 or December 31, having met service requirements, receive the increment solely for pension calculation. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Following the Supreme Court's order, the Central government employees retiring a day before their annual pay hike date would be now eligible to get notional increment for the purpose of calculating the pension admissible to them, an official order said."It is advised that in pursuance of the above referred order dated 20.02.2025 of the Hon'ble Supreme Court, action may be taken to allow the increment on July 1/January 1 to the Central government employees who retired/are retiring a day before it became due, i.e., on June 30/December 31, and have rendered the requisite qualifying service as on the date of their superannuation with satisfactory work and good conduct for calculating the pension admissible to them," the order issued by the personnel ministry existing rules allow the employees to choose either July 1 or January 1 as their increment specifically mentioned in the orders of the apex court, "grant of the notional increment on January 1/July 1 shall be reckoned only for the purpose of calculating the pension admissible, and not for the purpose of calculation of other pensionary benefits," said the order issued on to another Supreme Court directive, the ministry said that "one increment will be payable on and after 01.05.2023".Enhanced pension for the period prior to April 30, 2023, will not be paid, it said in the order issued to all the Central All India NPS Employees Federation, which is working for the welfare of Central and state government employees, welcomed the decision and expressed its gratitude to the federation's national president Manjeet Singh Patel also requested the government to extend the benefit of the notional increment to the employees who opt for the unified pension scheme under the National Pension are about 48.66 lakh Central government employees.
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Business Standard
21-05-2025
- Business
- Business Standard
Govt workers retiring a day before hike to get notional increment: Centre
Central government employees retiring a day before their annual pay hike date would be eligible to get notional increment for the purpose of calculating the pension admissible to them, an official order said. The move follows a Supreme Court order in this regard. "It is advised that in pursuance of the above referred order dated 20.02.2025 of the Hon'ble Supreme Court, action may be taken to allow the increment on July 1/January 1 to the Central government employees who retired/are retiring a day before it became due, i.e., on June 30/December 31, and have rendered the requisite qualifying service as on the date of their superannuation with satisfactory work and good conduct for calculating the pension admissible to them," the order issued by the personnel ministry said. The existing rules allow the employees to choose either July 1 or January 1 as their increment date. As specifically mentioned in the orders of the apex court, "grant of the notional increment on January 1/July 1 shall be reckoned only for the purpose of calculating the pension admissible, and not for the purpose of calculation of other pensionary benefits," said the order issued on Tuesday. Referring to another Supreme Court directive, the ministry said that "one increment will be payable on and after 01.05.2023". Enhanced pension for the period prior to April 30, 2023, will not be paid, it said in the order issued to all the Central ministries. The All India NPS Employees Federation, which is working for the welfare of Central and state government employees, welcomed the decision and expressed its gratitude to the Centre. The federation's national president Manjeet Singh Patel also requested the government to extend the benefit of the notional increment to the employees who opt for the unified pension scheme under the National Pension System. There are about 48.66 lakh Central government employees. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
The Hindu
21-05-2025
- Business
- The Hindu
Central Government employees retiring day before annual pay hike date to get notional increment
'Central Government employees retiring a day before their annual pay hike date would be eligible to get notional increment for the purpose of calculating the pension admissible to them,' an official order said. The move follows a Supreme Court order in this regard. "It is advised that in pursuance of the above referred order dated 20.02.2025 of the Hon'ble Supreme Court, action may be taken to allow the increment on July 1/January 1 to the Central Government employees who retired/are retiring a day before it became due, i.e., on June 30/December 31, and have rendered the requisite qualifying service as on the date of their superannuation with satisfactory work and good conduct for calculating the pension admissible to them," the order issued by the Personnel Ministry said. The existing rules allow the employees to choose either July 1 or January 1 as their increment date. As specifically mentioned in the orders of the Supreme Court, "grant of the notional increment on January 1/July 1 shall be reckoned only for the purpose of calculating the pension admissible, and not for the purpose of calculation of other pensionary benefits," said the order issued on Tuesday (May 20, 2025). Referring to another Supreme Court directive, the Ministry said that "one increment will be payable on and after 01.05.2023". 'Enhanced pension for the period prior to April 30, 2023, will not be paid,' it said in the order issued to all the Central Ministries. The All India NPS Employees Federation, which is working for the welfare of Central and State Government employees, welcomed the decision and expressed its gratitude to the Centre. The federation's national president Manjeet Singh Patel also requested the government to extend the benefit of the notional increment to the employees who opt for the unified pension scheme under the National Pension System. There are about 48.66 lakh Central Government employees.
Time of India
21-05-2025
- Business
- Time of India
Central govt employees will get notional increment if they are retiring a day before annual pay hike
Following the Supreme Court's order, the Central government employees retiring a day before their annual pay hike date would be now eligible to get notional increment for the purpose of calculating the pension admissible to them, an official order said. "It is advised that in pursuance of the above referred order dated 20.02.2025 of the Hon'ble Supreme Court, action may be taken to allow the increment on July 1/January 1 to the Central government employees who retired/are retiring a day before it became due, i.e., on June 30/December 31, and have rendered the requisite qualifying service as on the date of their superannuation with satisfactory work and good conduct for calculating the pension admissible to them," the order issued by the personnel ministry said. The existing rules allow the employees to choose either July 1 or January 1 as their increment date. As specifically mentioned in the orders of the apex court, "grant of the notional increment on January 1/July 1 shall be reckoned only for the purpose of calculating the pension admissible, and not for the purpose of calculation of other pensionary benefits," said the order issued on Tuesday. Referring to another Supreme Court directive, the ministry said that "one increment will be payable on and after 01.05.2023". Live Events Enhanced pension for the period prior to April 30, 2023, will not be paid, it said in the order issued to all the Central ministries. The All India NPS Employees Federation, which is working for the welfare of Central and state government employees, welcomed the decision and expressed its gratitude to the Centre. The federation's national president Manjeet Singh Patel also requested the government to extend the benefit of the notional increment to the employees who opt for the unified pension scheme under the National Pension System. There are about 48.66 lakh Central government employees. Economic Times WhatsApp channel )
