New
Delhi: In good news for the Central government employees, the Seventh Pay
Commission is likely to recommend a substantial pay hike which could be up to
30% or even more, said sources on Thursday.
There
will be 5 to 6% performance-based increment every year and those who are
under-performing could retire by 55 years of age or after 30 years of service,
added sources. House Rent Allowance could also be hiked by 10% to 30%.
The
sources say that there will be a 5 to 6 per cent performance-based increment
every year.
The
Seventh Pay Commission's recommendations will be implemented from January 1,
2016. The Department of Personnel and Training will examine the recommendations
and consult the Finance Ministry on them.
Its
term was extended by four months till December 31 to give its recommendations
on revising emoluments for nearly 48 lakh central government employees and 55
lakh pensioners.
