Sixth Pay Commission – 60% Arrears to be Paid

Posted In Career, India - By NitiN Kumar Jain On Tuesday, August 25th, 2009 With 0 Comments

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Ministry of Finance issued office memorandum no F.No.l/l/2008-IC dated 25.08.2009 wide which it has been notified that second installment of 60% arrears of sixth pay commission be paid to Govt.employee immediately .

Further it is notified that in case of entrants after 01.01.2004 in Govt, arrears may be released only after individual application forms for registration to the New Pension Scheme have been obtained by the DDO/PAO from the concerned government servant.

The first installment of 40 percent was paid last fiscal.

The finance ministry has not given any deadline for the payment of the second tranche, but sources said it would probably be paid in October or November 2009.

According to official estimates, the arrears will cost the government Rs.29,373 crore.