7th Pay Commission: EPFO issued a notification on the official website to immediately stop the increment in Gratuity amount of the pensioners of EPFO. Pensioners are getting a hike in other allied allowances with a hike in Dearness allowance. But not crossed the limit of 50% hike, so Authority have issued a 7th Pay Commission notification of abeyance the Gratuity hike.
If you are also a pensioner in EPFO and receiving the monthly payment or currently participating in the PF program during your employment then this news is very important to you. You can read this article to know the details of Abeyance of Gratuity Amount Notification 2024.
Notification of Abeyance in Hike in Gratuity 2024
The additional central PF Commissioner SK Suman issued the circular on 7th May 2024 on the official website of EPFO. The circular is stopping the decisions of EPFO on the 30th April 2024 Circular. The 7th May circular is discontinuing the effects of April’s circular of the hike in Gratuity amount. When the April 30 circular is reinstated, it could have one of two possible effects which are the following.
- Beneficiaries might receive benefits starting from January 1st, 2024 or
- Beneficiaries might receive benefits starting from a later date if the effective date is changed.
In short, The 7th May circular has created a state of uncertainty and beneficiaries are left waiting for further clarification on when they can expect to receive their benefits. The EPF Department may choose to reinstate the April 30 circular in its original form, modify it, or issue a new circular altogether which will determine the outcome for beneficiaries.
Increase Gratuity with New DA Hike 2024
The central government had increased the Dearness allowance of the Central government employees and pensioners in March month of 2024. It was hiked by 4% and increase the overall DA from 46% to 50% of the basic pay. Along with the DA/DR, the government have also revised HRA of the beneficiaries.
Similarly, the gratuity ceiling and hostel subsidy was also hiked and revised by the government for pensioners. As all other allowances are directly connected with the DA so these also increase time to time to accommodate it with the DA. So at the time of increasing the DA, Gratuity hiked from 20 Lakh to 25 Lakh automatically in the new circular.
But now the authorities have stopped it and abeyance it with immediate effect. So now pensioners are worried about their hopes of an increment of gratuity from 20 to 25 Lakh, but now either they have to wait for the legal actions from pensioners organizations or should accept the current gratuity amount.
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DA Hike during Festival and Elections
The 7th Pay Commission is advocating hiking the DA of the employees and pensioners 2 times a year and the government is following this. Beneficiaries are getting a hike in DA from January and July each year. Now employees are receiving 50% DA form January month, but the announcement was made in March.
However, beneficiaries have also received arrears from January to March month. The central government hiked the DA before the Holi festival of 2024. However this time, Lok Sabha elections are also scheduled between April and June, so the government took advantage of the payment in General Elections 2024 to gain the faith of the government employees for the elections.
There are approximately 4.9 M government employees working with different bodies of government in India. So all the employees and pensioners who are either contributing to the EPFO or receiving their payments as pensions after retirement and waiting for the gratuity amount, then you should wait for the next announcement of the organization of continuing the hiked gratuity payment of 25 Lakh Rs.
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