Skip to main content

7th Pay Commission: Revised Retirement Benefits for Government Employees Including Pension, Gratuity, Dearness Allowance, Leave Encashment, and Medical Benefits


Know all about Retirement benefits admissible to a Government Employee or pensioners. Retirement par kaun kaun se benefits ek employee ko milte hai. Pensionary and Non-Pensionary benefits to a government employee after retirement. Govt employees benefits and facilities in 7th pay commission. Retirement benefits for central government employees after 7th pay commission. Please Subscribe My New YouTube Channel "Employees Academy" for Service/Pension Related Videos, Rule & Regulations etc... Thanks for Subscribing my New Youtube Channel @@ यदि वीडियो लाभदायक रहता है तो कृपया और वीडियो के लिए Like, Share और सब्सक्राइब करना ना भूलें @@ Please Follow us on: Telegram Group link: Helo Link: [Check out Govt Emp News page for more viral content!] YouTube: Facebook: Google+: Email: govtemployeenews@gmail.com Our Playlists You can watch your Category Videos……… ****** Defence Employees News********* *********Central Govt. Civil Employees Cornder********** *********GDS (Gramin Dak Sevak) Latest News*********** **********Pensioners News************** **********Railway Employees News******* To buy the Important Books for CG Employees & Pensioners click on the link given below: Buy from Amazon: Swamy’s Handbook 2019: Swamy’s FR/SR_DA,HRA, TA: Thanks for watching this Video. Please Like, Share & Subscribe Govt Employees News YouTube Channel for more latest Updates/News for Government Employees and Pensioners....(read more)


LEARN MORE ABOUT: Retirement Pension Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Retirement Benefits for Government Employees: An Overview of Pension, Gratuity, DA, Leave, and Medical as per 7th Pay Commission Government employees play a vital role in the functioning of any country's administration. Their hard work and dedication ensure that essential services are carried out efficiently. In recognition of their years of service, the government provides various retirement benefits to ensure their well-being post-retirement. The 7th Pay Commission has further enhanced these benefits, making them more favorable for government employees. One of the most significant aspects of retirement benefits for government employees is the pension scheme. Under this scheme, employees are entitled to receive a monthly pension after retirement equal to 50% of their last drawn salary. This pension amount is revised periodically to keep up with inflation and other economic factors. The 7th Pay Commission has introduced additional benefits like the option of lump sum commutation of pension, where a percentage of the monthly pension can be commuted and received as a lump sum amount. Apart from the pension, government employees are also entitled to gratuity, which is a lump sum payment made by the employer as a token of appreciation for their service. Gratuity is calculated based on the employee's last drawn salary and the number of years in service. The 7th Pay Commission has increased the maximum limit of gratuity from INR 10 lakh to INR 20 lakh, providing employees with enhanced financial security post-retirement. Another essential component of retirement benefits is the Dearness Allowance (DA). DA is an amount paid to government employees to counter the impact of inflation on their salaries. It is revised twice a year to align with the prevailing economic conditions. The 7th Pay Commission has recommended that DA should be merged with the basic pay when it reaches a certain level to provide employees with a higher basic pay and better benefits. In addition to the above benefits, government employees are entitled to various leave provisions. Leaves like casual leave, earned leave, and maternity leave are granted to employees to ensure they have adequate time for personal reasons and to take care of their health. The 7th Pay Commission has introduced provisions for childcare leave for female employees to balance their work and family responsibilities. Medical benefits are also crucial in ensuring the well-being of government employees after retirement. The government provides comprehensive medical coverage through the Central Government Health Scheme (CGHS). Retired employees and their dependent family members are eligible for medical facilities at CGHS empaneled hospitals, clinics, and dispensaries at nominal charges. The 7th Pay Commission has recommended the enhancement of the CGHS coverage to include more medical facilities and treatments, thereby improving healthcare access for government employees. Overall, the retirement benefits for government employees, including the pension scheme, gratuity, DA, leave provisions, and medical benefits, have been significantly improved by the recommendations of the 7th Pay Commission. The objective is to ensure a comfortable and secure post-retirement life for the employees who dedicatedly served the government and the nation. These benefits not only provide financial stability but also help maintain the overall well-being of retired government employees, allowing them to enjoy their golden years stress-free. https://inflationprotection.org/7th-pay-commission-revised-retirement-benefits-for-government-employees-including-pension-gratuity-dearness-allowance-leave-encashment-and-medical-benefits/?feed_id=127002&_unique_id=64d8d95d91036 #Inflation #Retirement #GoldIRA #Wealth #Investing #7thpaycommissionlatestnews #pensionersnews #allowance #busineesnews #da #familypension #freepass #googlenews #govtemployeeslatestnews #govtemployeesnews #gratuity #gratuitykyahai #leaveencashment #news #pension #retirementbenefits #retirementbenefitsforbankemployeesforrailway #retirementbenefitsforcentralgovtemployees #taforrettirement #transporta #video #youutbe #RetirementPension #7thpaycommissionlatestnews #pensionersnews #allowance #busineesnews #da #familypension #freepass #googlenews #govtemployeeslatestnews #govtemployeesnews #gratuity #gratuitykyahai #leaveencashment #news #pension #retirementbenefits #retirementbenefitsforbankemployeesforrailway #retirementbenefitsforcentralgovtemployees #taforrettirement #transporta #video #youutbe
Labels:

Comments

Post a Comment

Popular posts from this blog

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their
Post a Comment
Read more

Birch Gold Group Review 2023 – Best Gold IRA Company? Pros and Cons

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. See chapters in the description. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Chapters: 0:00 - Intro 0:26 - Is Gold a Good Investment? 1:03 - What is Birch Gold Group? 1:37 - IRA Eligible Coins 1:59 - Is Birch Gold Group a Legitimate Company? 2:50 - How Does Birch Gold Group Work? 3:34 - Birch Gold Group’s Fees and Investment Options 4:02 - Birch Gold Group Low Minimum Investment 4:29 - Birch Gold Group Storage and Security 5:34 - Con #1 – No Overseas Storage Options 5:49 - Con #2 – Initial Setup Fees 6:02 - Birch Gold Group Review Summary Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a
Post a Comment
Read more