Retd govt staff who cross 80 years to get more pension
- HSBC Indian list just doubled to 1195 names. Balance: Rs 25420 cr
- Manjhi expelled, Nitish stakes claim to form govt in Bihar
- Hanging of Afzal Guru was 'wrong' & 'badly' handled, says Shashi Tharoor
- Have given it my all, not nervous about result: Kiran Bedi
- Japanese girl allegedly raped by tourist guide in Jaipur
The Centre has decided to reward longevity among retired all-India cadre government servants by giving them additional pension if they survived beyond 80 years of age.
According to the amended All India Services (Death-cum-Retirement Benefits) Rules, 1958, notified by the Department of Personnel and Training (DoPT), the cadre-controlling authority for most all-India services, after the age of 80 years, a retiree will be entitled to additional pension equivalent to 20 per cent of his or her basic pension.
The additional pension will increase after every five years. On reaching 85 years, it will be increased to 30 per cent of the basic pension. This will be further increased to 40 per cent on reaching 90 years, and 50 per cent on reaching 95 years.
On reaching 100 years, the retiree will be entitled to an additional pension equivalent to the basic pension (100 per cent).
The new rules also provide for similar benefits for the spouse or next of kin of a government servant getting family pension.
"Apart from the fact that life expectancy is increasing, what the new rules have factored in is that as people grow older, their medical expenses also increase," a DoPT officer said.
According to The Lancet, the average life expectancy in India is 63.2 years for males and 67.5 years for females.