Tuesday, February 12, 2008

Financial Express estimates 150% hike in pay

A news article of the Financial Express predicts 150% hike in the salary of Government Employee by Sixth Pay Commission.

Fine points of the reports are :

  • Pay Commission expected to submit its report next week.
  • Basic salaries are likely to rise by over 150%
  • Section officers will get a starting basic salary of Rs 20000, while their department heads, joint secretaries, would get a fixed basic salary of Rs 60000 a month.
  • Secretaries to the government would earn a fixed salary of Rs 75000 a month. A cabinet secretary’s monthly salary would also be fixed at Rs 80000.
  • Government officials will continue to retire at 60 years and will now retire on December 31 of the year they reach age 60.

The points seem same as earlier published by Dainik Jagran. You can read full article here.

6 comments:

  1. Anonymous2:41 AM

    http://surispace.wordpress.com/2008/02/12/sixth-pay-commission-expected-payscales/

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  2. Anonymous12:03 AM

    CAN SOME BODY THINK ABOUT THE POOR CLASS AS WELL AS THE ILLITERATE GOVT. EMPLOYEES. WHERE THEY HAVE TO EXCERCISE OPTION UNDER FR 22 AND THEY ARE MISGUIDED BY THE OFFICE STAFF PERHAPS UNINTENTIONALLY AND THEY HAVE TO BEAR A RECURRING LOSS. WHY CAN'T THE RULE BE MODIFIED TO FIX THE PAY WHICH EVER IS BENEFICIAL TO THE GOVT. SERVENT (AS ON DATE OF PROMOTION OR DNI) AND THERE SHOULD BE ONE CHANCE GIVEN TO CHANGE THE OPTION IF DESIRED. THE EMPLOYEES WHO DONOT HAVE KNOWLEDGE OF THE RULES IN THEIR DAY TO DAY WORK E.G. TEACHERS ETC. ARE THE MAXIMUM SUFFERER. I REQUEST SHRI FM TO CONSIDER.

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  3. Anonymous10:08 PM

    It would be a little inappropriate to say here, but, during the discussions about the recommendations of the sixth pay commission and their implications on the gross emoluments of the employees, the fact of a severe discrimination against the new recruits under the NEW PENSION SCHEME has never been elucidated till now.
    The application of this scheme wipes out any increment arising out of the proposed pay hike. The people of group A services [and all other] entering after 2004 are covered under this controversial scheme. It is discriminatory and financially much demeaning to them versus the old pension scheme as explained:
    1. 10% of salary is deducted towards pension with equal amount paid by govt.; the whole amount being frozen till 60yrs age
    2. Whole amount including the govt. contribution is taxable, increasing the tax liability substantially
    3. Although the tax relief is there; it is within 100000 cap vides section 80CCD
    4. Whole amount is taxable upon retirement again
    5. Financially speaking, the tax increment is so substantial that it is more than the govt. contribution towards the pension
    6. In view of the above fact practically the salary of NPS employees is 15-20% less than old pension scheme employees, and the difference increases much more as you go up the scale ladder.[ this would certainly become highly apparent with the application of SPC.
    7. Also the employees of old scheme would get pension @ 40% of last pay drawn
    8. This is in view of the fact that India has no social security system
    Is it justifiable to subject the newer employees to such discrimination?
    How would government ensure that competent people take the government job as one of the consideration in their career planning henceforth, when it has guaranteed low emoluments and a guaranteed lack of old age security.
    I would suggest that at least there should complete exemption of the pension contributions from taxation in such a way that they are simply not taken as a part of the income
    Our generation of new entrants didn’t have the option of a career switch because the application of NPS happened just when our career in govt. job was about to begin. It would be painful to us but unavoidable to plan a further career switch out of the government sector if certain humane changes are not incorporated into the NPS. [This is also in view of the pathetic suggestions in the SPC as mentioned in your blog].
    Believe me, there is considerable turbulence and dissatisfaction amongst the new entrants to the elite cadres.
    If you pay peanuts, you get monkeys for the job; and in govt. sector those monkeys would chase away any good people later on when they become senior even if good money is given. So, it is easier to damage a system that to repair it later on.
    .

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  4. Anonymous1:58 PM

    ITS ALWAYS SEEN FROM THE NEWS WHENEVER THERE IS A HIKE IN THE PAY PACKAGES OF THE CENTRAL GOVT EMPLOYEES, THE DEPICTION IS ONLY ABOUT THE HIKE IN THE PAY OF THE SENIOR OFFICERS, IT IS VERY INAPPROPRIATE TO SAY THAT THE CG EMPLOYEES ARE WALKING AWAY WITH THEIR POCKETS FULL.... BUT ACTUALLY WHEN THE HIKE IS CALCULATED IN TERMS OF WHAT THE LOWER GRADE EMPLOYEES GET, IT WOULD WORK OUT TO A MEAGRE HUNDREDS. IT MAY ALSO BE NOTED HERE THAT GROUP C AND D EMPLOYEES OF THE CG ARE OUTNUMBERING THE GROUP B AND A EMPLOYEES. HENCE IT WOULD BE APPROPRIATE TO MENTION THE ACTUAL INCREASE IN THE SALARY OF THE LOWER GRADES IN ORDER TO ENALBE THE VIEWERS/READERS TO GET A CORRECT PICTURE

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  5. Anonymous11:57 AM

    It will be much appreciated if the media highlights the real picture of the pay commission unlike the earlier pay commission, the media has hyped it and also given wrong statistics of the pay packets given to the CG employees. They have widely generalised the issue by only taking the Group A pay hike and not at the bottom level and giving a wrong picture.


    cbs

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  6. Anonymous3:48 PM

    This percentage bit is always so meaningless. What do they refer to when saying a 150% hike
    - Is it refering the 5CPC Basic Pay.
    - Or The Basic pay with 50% DA merged.
    - or The gross salary right now being drawn.

    If any body has any clue pl enlighten me.

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