The government has recently made many important announcements for employees and pensioners. Which will have a direct impact on their financial situation and plans.
These announcements include increasing dearness allowance, improving commutation, payment of arrears, formation of Eighth Pay Commission, and discount on railway fares for senior citizens.
So let us give you detailed information about all these announcements.
Discount on railway fares to senior citizens
There was a demand to re-implement the 50% discount on railway fares for senior citizens which was discontinued during the Corona epidemic.
Some good news can be received about this in September, Which will provide great relief in the travel expenses of senior citizens. It will help to many senior citizen of India.
Dearness Allowance – 3% increase in dearness allowance
After a long wait, the government has increased the dearness allowance of employees and pensioners from 50% to 53%.
This increase will apply to the salary and pension of September. Also, the amount of arrears for July and August will be deposited in the accounts.
Formation of 8th Pay Commission
The Finance Ministry has assured regarding the formation of the Eighth Pay Commission. That it will be formed soon. With this, employees and pensioners will start getting benefits from January 1, 2026.
DA Arrears – Payment of Arrears
The Himachal Pradesh government has announced that the arrears of the Sixth and Seventh Pay Commission will soon be paid to pensioners aged 75 years or above. The retirement age for employees has been increased to 60 years.
These new announcements will not only improve the financial condition of employees and pensioners. But their overall lifestyle will also improve.
Commutation will not be recovered
If a pensioner opts for commutation and dies, there will be no reduction in the pension received by his family. This decision has been taken to promote the financial security of the family.