Good News for Pensioners

Pension for Retired Employees Revised

Some salient features:-
Minimum pension Rs 4,060, up from earlier Rs 2,813 in hand (revised pension to be effective from Jan 1, '06).
Maximum pension Rs 52,200, up from Rs 33,075.
Maximum gratuity up to Rs 10 lakh (depending on years of service and last salary drawn).
Enhanced family pension, for employees dying in service, to be full pension for 10 years.
Employees eligible for full pension if service is for 20 years.
Incremental additional pension for those 80 years and above. People over 100 to get double pension.