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27% interim relief for govt staff
27% interim relief for govt staff, State Government employees Pension hike. As the employees unions insisted on at least 30 per cent IR, the Chief Minister raised his offer to 24 per cent and subsequently to 25 per cent.
It is the highest-ever interim relief announced in StateCM calls it a historic decision by his government
- 9.5 lakh staff, 4.5 lakh pensioners to gain
- Scheme will come into force from January 1
- Rs 7,681-crore burden on exchequer
Hyderabad: The State Government employees has been granted the biggest ever bonanza in the form of interim relief. Chief Minister, Kiran Kumar Reddy on Thursday announced 27 per cent Interim Relief. Calling it a “historic” decision, he said that the Interim relief would be paid with effect from January 1 this year.
The IR announcement would benefit the pensioners as well. So far as the employees are concerned, the relief would be ranging from Rs 2,000 to Rs 13,500. It would cost the state exchequer a whopping Rs 7,681 crore per annum. The burden for the final quarter of the fiscal would be in the range of Rs 1,920 crore.
The final announcement came after a four-hour-long dialogue with the representatives of 29 employees unions and associations, who in fact pinned high hopes on the Chief Ministers liberal stand. Though the employees demanded 32 per cent, the Chief Minister started with an offer of 22 per cent. At some point of time he proved to be too tightfisted.
As the employees unions insisted on at least 30 per cent IR, the Chief Minister raised his offer to 24 per cent and subsequently to 25 per cent. Finally both the sides agreed upon 27 per cent. But the Chief Minister declined to implement it with retrospective effect (as sought by employees from June 2013).
It was finally decided to implement it with effect from January 1.
