TS PRC 2020 Retirement Gratuity Enhancement of maximum limit from Rs.12,00,000/- to Rs.16,00,000/- G.O.Ms.No.56 Dated:11-06-2021 | TS RETIREMENT GRATUITY Enhancement of maximum limit from Rs.12,00,000/- to Rs.16,00,000/- Orders Issued G.O.Ms.No.56
TS PRC 2020 Retirement Gratuity Enhancement of maximum limit from Rs.12,00,000/- to Rs.16,00,000/-
In the Government Order second read above, orders were issued constituting the 1st Pay Revision Commission. The Pay Revision Commission has submitted its report to the Government on 31.12.2020.
The Pay Revision Commission, inter-alia, recommended the following on Retirement Gratuity: “Keeping in view the increase in the pay structure, the Commission recommends enhancing the maximum limit of Gratuity, from the existing Rs.12.00 lakhs to Rs.16.00 lakhs”.
After careful consideration, Government decided to accept the above recommendation of the First Pay Revision Commission and hereby order that:
i. The maximum limit of Retirement Gratuity fixed in G.O.Ms.No.99,Finance (Pen.I) Department, dated.21.07.2015 be raised from Rs.12,00,000/- (Rupees Twelve lakhs) to Rs.16,00,000/- (Rupees Sixteen Lakhs).
ii. The formula for calculation of Retirement Gratuity shall be followed as ordered in para 3 of G.O.Ms.No.14, Finance & Planning (FW: Pen.I) Department, dated.30.01.1999.
These orders shall come into force with effect from 01.04.2020 and shall apply to all Government Servants including the retired University/ Government/Aided College Teachers who are drawing the UGC Pay Scales in the State and to all Non-Government Service Pensioners whose service pension is being charged to M.H.-2071 Pension and Other Retirement benefits and who retired or whose death took place on or after this date.
The revised Gratuity shall be paid from the month of June, 2021 onwards.
The arrears on account of revision of Gratuity from 01.04.2020 to 31.05.2021, will be paid in thirty six (36) equal monthly installments.
Necessary amendments to Rule 46 of the Telangana Revised Pension Rules 1980, will be issued separately.
The Government Order is available on Internet and can be accessed at the address http://www.goir.telangana.gov.in and http://www.finance.telangana.gov.in.
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