The Seventh Pay Commission headed by Justice A K Mathur submitted its report to Finance Minister Arun Jaitley on Thursday and recommended a 16 per cent hike in the pay of 50 lakh central government employees.
- Minimum pay will be Rs. 18,000/-
- Pay Bands and Grade Pay has been dispensed
- Pay matrix with distinct Pay Levels to replace Pay Bands and Grade Pay
- To get the new pay Basic Pay, you have to multiply the total of pay in Pay Band + Gade pay with the factor of (2.57/2.67/2.72)
- HRA will be revised to 27 percent, 18 percent and 9 percent
- Transport Allowance hiked by a factor of 2.25
- Children Education Allowance and Hostel Subsidy hiked by a factor of 1.5
- Only 80% salary during the second year of the Child Care Leave
- Recommends health insurance scheme for Central Government employees and pensioners
- OROP for Civilian also
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