The Dearness Relief admissible to the Contributory Provident fund (CPF) beneficiaries in receipt of primary ex-gratia cost within the fifth CPC sequence is being enhanced efficient January 1, 2022. The enhanced charges have been publihsed by the Department of Pension & Pensioners’ Welfare OM dated May 11, 2022 in an Office Memorandum. It would be the duty of the pension disbursing authorities, together with the nationalized banks, and so forth. to calculate the quantum of Dearness Relief (DR) payable in every particular person case.
The surviving CPF beneficiaries who’ve retired from service between the interval 18.11.1960 and 31.12.1985, and are entitled to primary ex-gratia @ Rs.3000, Rs.1000, Rs.750 & Rs.650 for Group A, B, C & D respectively w.e.f 4th June,2013 shall now be entitled to enhanced Dearness Relief from 368% of the essential ex-gratia to 381% of the essential ex-gratia w.e.f 01.01.2022.
The following classes of CPF beneficiaries shall be entitled to enhanced Dearness Relief from 360% of the essential ex-gratia to 373% of the essential ex-gratia w.e.f 01.01.2022.
The widows and eligible kids of the deceased CPF beneficiary who had retired from service previous to 01.01.1986 or who had died whereas in service previous to 01.01.1986 and are entitled to revised ex-gratia @ Rs.645/-p.m w.e.f 04 June, 2013.
Central Government staff who had retired on CPF advantages earlier than 18.11.1960 and are in receipt of Ex-gratia cost of Rs. 654/-, Rs.659/-, Rs.703/- and Rs.965/-.
Contributory Provident fund (CPF) advantages
Industrial staff on their retirement from service aren’t entitled to any pension. They are usually entitled to CPF advantages except and till they go for pensionary advantages.
CPF advantages means Contributory Provident fund by which a month-to-month contribution is made by an industrial worker and an identical contribution or such share of the subscriber emoluments as could also be prescribed by the Government can also be made by the Government into the fund of that worker.
On his retirement, the commercial worker is paid the collected quantity of fund standing to his credit score with the quantity of curiosity accrued thereon as prescribed.
Dearness Relief (DR)
DR is often declared twice a yr in the course of the months of March and September. So within the months of January and February, DR on Pension/Family Pension shall be calculated in line with the DR Rates out there for the month of December of the earlier yr. Similarly, for the month of July and August, DR shall be calculated w.r.t. DR charges out there for the month of June. As regards arrears of DR for the months of January and February and July and August, the identical shall be disbursed by the disbursing authorities usually within the month of April and October respectively.
Source: www.financialexpress.com”
