Monday, March 24, 2008

Report of Sixth Pay Commission

The Sixth Pay Commission finally brought smiles at the faces of the Central Government employees. On Monday, the 24th of March the Sixth Pay Commission recommended pay hikes within the range of 20% to 40% for the employees of the Central Government. The revision of salaries will be effective from 1st January, 2006 and therefore the arrears will be given in installments. The Commission, this time has given an all round efforts. Along with the pay hikes, it has also urged in introducing more liberal pension scheme and a medical insurance scheme as well. This medical scheme will be optional for the present employees and pensioners but will be mandatory for the new recruits. The recommendations in the report will take atleast three months to become effective.

No comments: