Dear Friend,
Some of my friends have asked me as to why their aggregate arrears during the year 2007 are at a lower rate than the figures for the year 2006. They have probably not noticed that the new DA formula is far more conservative than the one prescribed by the Fifth CPC. For those who like quantified analysis, just pick up your calculator and compare your total pension (including the commuted portion) on 1.1.2008 with the amount which you received on 1.1.2006. You will find that during those two years, the nett increase was 18.54%. As opposed to this the four instalments of DA granted during the same period amount to 12%. This means that the current neutralization is about two-thirds of the previous quantum.
This has been achieved by modifying the basket of goods which constitute the basis for calculating the 'Consumer Price Index' . And, indeed the formula is equally applicable to all government employees; both serving and retired. So let us be aware of the fact that the future instalments of DA are going to be less liberal than the ones which we have been receiving so far. And so, "Ladies and gentlemen, please tighten your belts and learn to stretch your pension as far as you can!"
Maj Gen Surjit Singh (Retd)
Sunday, December 14, 2008
ESM: The road AHEAD is stretching your PENSION
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Neither the "Report my Signal -Blogs" nor the individual authors of any material on these Blogs accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Blogs.
This is not an official Blog site. This forum is run by team of ex- Corps of Signals, Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, Director General of Signals or Government/ State.
The Report My Signal Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The Blog Team is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the blog in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Blog Moderator: Lt Col James Kanagaraj (Retd)
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