Soon, a 75% hike in monthly pension for ex-mps- Will the govt. adopt similar attitude to revise Pension of C.G & State Govt pensioners?
Soon, a 75% hike in monthly pension for ex-mps
NEW DELHI: Former MPs, whose pensions were last revised in 2009, may now see a hefty hike in their retirement benefits. Government sources told HT that the monthly pension for exMPs is likely to go up to Rs.35,000 a month from Rs.20,000 a month — a 75% hike.
A major breakthrough in pensions for ex-MPs came under the first NDA government, led by Atal Bihari Vajpayee when they introduced pension for all MPs irrespective of their tenure. Earlier, only MPs who had completed a 5-year term were entitled to post-retirement benefits.
The Modi government is also set to increase the rate of additional pension for each completed year in excess of five years. The centre is considering additional pension of Rs.2,000 per month instead of the current rate of Rs.1,500.