As reported by DNA, the good news is that these retired teachers will also get their pensions as per the new Sixth Pay Commission.
Sixth pay Commission for Retired School Teachers: Salary, Pension & Arrears
What benefits can be expected by the pensioners or retired school teachers for Sixth Pay Commission Recommendations?
The retired school teachers can expect two things
1) The increase in pension amount
2) A payment of lump sum for arrears as per the Sixth Pay Commission. These arrears will be paid since applicable date for 6th pay Commission is 1 January 2006. Hence all the calculations will be made from that timeline and hence the arrears payment will be there.
The finance department and the school education department are reported to have sanctioned the required details for this development which is learnt to be effective Oct 09.
General Sixth Pay Commission Salary Hike & Arrears Calculator
Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike
What are the other benefits?
It is learnt that the process for calculation of pension is also simplified. Initially, the pension calculations used to be on the basis of last 10 months salary before retirement and half of it was given as pension.
Now, it will be different and simple method - this new method will take 50% of the last drawn BASIC Salary and along with that the dearness allowance will also be added to calculate the pension amount.
It is also reported that some schools have already given approval for teachers who retired in Dec & Jan, as per the Sixth Pay Commission
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