DR Hike 2022: The central government has given the biggest gift and good news of the year to pensioners during festivals. The government has decided to increase the dearness relief given to pensioners i.e. DR Hike. Crores of pensioners are expected to get big money during festivals. Let us know the complete information about it.
The biggest support for government employees after retirement is their pension. In such a situation, the central government has given the biggest gift and good news of the year to the pensioners at the time of festivals. The government has decided to increase the dearness relief given to pensioners i.e. DR Hike. Due to this, crores of pensioners are expected to get big money during festivals.
How much happened to DR Hike
In the cabinet meeting, the central government has decided to increase the DR to the pensioners by 4 percent. With the increase in Dearness Relief, the pension of pensioners will also increase. DA Hike and DR Hike happen according to the Industrial Inflation figures. The formula by which dearness allowance increases for central employees, dearness relief for pensioners also increases with the same formula. The June 2022 data of the AICPI index is showing that this time there has been an increase of 4 percent.
Accordingly, you will get pension
Due to the DR hike of 4 percent, the pensioners of the central government will now be given the benefit of DR at the rate of 38 percent. In the current structure in the 7th Pay Commission, all central government employees and pensioners are getting DA and DR at the rate of 34 percent. But, after the DR Hike to be held at the end of September, it will also reach 38 percent.
For example, the central employees will get three months’ salary together with the dearness allowance money. Similarly, pensioners will also get dearness relief for three months simultaneously. In this, the difference of pension of July and August will be given as arrears. At the same time, dearness relief money will be added to the pension of September. Pensioners can get an idea from their pay-grade band as to how much their pension will increase.
According to the pay-matrix of the 7th pay commission, there will be a bumper increase in the pension of an employee retired from officer grade. If it is assumed that someone’s basic salary is Rs 31550. So on 38 per cent DA hike, Rs 1262 will be added to his pension. Pension will increase by Rs 15,144 on an annual basis.
