Govt approves 7th Pay Commission Pension of KVIC Pensioners

Govt approves 7th Pay Commission Pension of KVIC Pensioners – 7th CPC implementation to the pensioners / family pensioners of Autonomous Bodies / Statutory Bodies

No.A-26011/3/2016-KVI (II) (Part-II)

Government of India

Ministry of Micro, Small and Medium Enterprises

Udyog Bhawan, New Delhi – 110 011

Dated the 15th January, 2018

To,
The Chief Executive Officer
Khadi & Village Industries Commission,
Gramodaya, 3 Irla Road, Vile Parle (West)
Mumbai – 400 056.

Subject: Implementation of the recommendation of the 7th Central Pay Commission to the pensioners/family pensioners of Autonomous Bodies / Statutory Bodies regarding.

Reference: KVIC’s letter No. Adm-II/7th CPC/618/Pen./2017-18/(389-A) dated 27.4.2017.

Madam,

I am directed to refer to the KVIC’s letter cited under reference on the subject mentioned above and to convey the approval of the Government to implement the orders extending the pensionary benefits of the 7th Central Pay Commission recommendations to the Khadi and Village Industries Commission (KVIC) pensioner/family pensioners strictly in terms of the instructions contained in the Ministry of Finance, Department of Expenditure’s OM No. 1(13)/EV/2017 dated 23.05.2017 and Department of Pension and Pensioners’ Welfare OM No. 38/37/2016-P&PW (A)(i) dated 04.08.2016 and subject to the following conditions for meeting the additional expenditure on the above account:-
(i) 80% of the additionality will be met by the Central Government

(ii) 20% of the additionality will be met by the KVIC through additional generation of revenue
2. This issues with the concurrence of IF Wing of the Ministry vide their Dy.No.492/US(Fin-I)/2017 dated 15.12.2017.

Yours faithfully,

(J.K. Sahu)
Under Secretary to the Government of India

Download / Read Govt approves 7th Pay Commission Pension of KVIC Pensioners Ministry of Micro, Small and Medium Enterprises circular No.A-26011/3/2016-KVI (II) (Part-II) dated 15.01.2018