Big news for state government employees. The state government is always looking out for its employees and officers in Madhya Pradesh. A recent order from the Finance Department has brought some good news for government staff, especially with a boost in pension amounts. This new directive specifically increases pensions for those who have reached the age of 80.
The updated pension policy is a real win for state government employees and officers, as it emphasizes a steady rise in pension amounts. One of the most exciting aspects is that soon, retirees might receive pensions that match their salaries.
The Finance Department in MP has rolled out new guidelines for pensioners aged 80 and older. They’ve announced a 20 percent increase in pensions for these senior citizens, which will kick in starting next month.
According to the new order, pensioners will see their increased pension starting from the month they turn 80, as well as at ages 85, 90, 95, and 100. There was already a plan to raise pensions after reaching 80, but the timing was unclear. Now, the Finance Department has clarified when these increases will take effect.
The recent directive from the Finance Department stipulates that pensioners will receive a 20 percent increase in their pension the month following their 80th birthday. Subsequently, a 30 percent increase will be granted upon reaching 85 years of age, a 40 percent increase at 90 years, and a 50 percent increase upon turning 95 years old.
Furthermore, the order specifies that state employees and officers who reach the age of 100 after retirement will be entitled to a pension of Rs 100. These individuals will receive a pension amount equivalent to their final salary at the time of retirement. It is important to note that currently, state employees and officers receive a pension that is half of their salary upon retirement.