7th Pay Commission latest news today: BIG Provident Fund (PF), Gratuity news for central government employees; benefit for pensioners too
7th Pay Commission latest news today: For central government employees, dearness allowance is likely to be hiked from existing 17 per cent to 28 per cent (17 per cent plus 3 per cent for January to June 2020 plus 4 per cent for July to December 2020 and expected 4 per cent DA hike for January to June 2021).
Crucially, this rise in DA will have a direct impact on their Provident Fund (PF) and Gratuity contribution along with monthly salary. Source: Reuters