Thursday, April 18, 2024
HomePersonal FinanceGratuity to retired employees due to DA freeze, major loss of EL

Gratuity to retired employees due to DA freeze, major loss of EL

Central and state employees retiring after January 2020 are suffering double losses. Not only is the benefit of increase in dearness allowance (DA) due to freeze, there is also loss in the form of gratuity and earned leave. This causes frustration and resentment among the employees. A letter has also been written to the Ministry on behalf of the employee leaders in this regard.




At the time of retirement, the employee gets 16 and a half months’ gratuity and 300 days salary as earned leave, in addition to other allowances. In contrast, before January 2020, DA was 17 percent, which has been fixed at 28 percent since January 2021. In this way, the DA has increased by 11 percent, but due to the freeze, employees are not getting the benefit of this increase.

Since gratuity and accrued leave are determined by combining basic and DA, the effect of freezing DA is also affecting the amount of gratuity and earned leave of employees retiring during this period. Retired from AG office, knowledgeable about fixation of salary and pension, Harishankar Tiwari says that if an employee retires in January this year and the basic is also Rs 50 thousand, then he will get Rs 1.25 lakh according to 11 percent DA on 26 and a half months salary. There will be a loss of more than.

Also Read: Best smartphones under 10000 rupees, they have 6000mAh battery

Subhash Chandra Pandey, former president of the All India Audit and Accounts Association and a permanent special invitee member, says those who retire during this period will not be paid later. A letter has been written to the Finance Ministry and other related departments regarding this. This point is also included in the proposed nationwide movement on 1 February. Subhash Chandra Pandey says that apart from DA DA Julai, the arrears should also be provisioned in the budget.

Anger over other issues including freezing DA, demonstrating one

Employees and pensioners angry at DA freeze are once again preparing for a big agitation. With the withdrawal of the order to freeze the DA, a strategy of continuous agitation has been made for 14 points including old pension restoration, privatization process. The Union Budget will be presented in Parliament on February 1. The movement is going to start from this day itself. In this sequence, employees and pensioners have announced to celebrate Attention Day on 1 February. The nationwide movement will include several organizations including All India Audit and Accounts Association, Pensioners Association, Confederation of Central Government Employees and Workers and National Coordination Committee of Pensioners Association. Subhash Chandra Pandey of the All India Audit and Accounts Pensioners Association and Risheshwar Upadhyay, Assistant General Secretary, said that there will be a sit-in demonstration on scheduled locations across the country on February 1. Further agitation will also be announced soon.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments