Union Cabinet approves revision of pension of BSNL pensioners

Speed Post News Network

New Delhi: The Union Cabinet chaired by PM Narendra Modi has approved the revision of pension of BSNL pensioners and family pensioners, who retired prior to June 10, 2013, by allowing the benefit of merger of 50% DA/DR with Basic Pay/ Pension, effectively amounting to 78.2% DA/DR for the purpose of fitment, and modifying the liability of BSNL towards the payment of pension benefits to the retired employees. The pension of BSNL pensioners/family pensioners, who retired prior to June 10, 2013, has been revised with effect from January 1, 2007, notionally with actual benefit with effect from June 10, 2013. The revision entails an estimated recurring annual expenditure of approximately Rs 129.63 crore for pensioners and Rs 24.93 crore for family pensioners and arrears from 2013-14 would be Rs 239.92 crore approximately for pensioners and Rs 44.62 Crore approximately for family pensioners. Approximately 1,18,500 pensioners all over India will benefit from this revision.