New Delhi: Union Human Resource Development Minister Prakash Javadekar on Monday said the government has revised pension of retired faculty and other non-teaching staff in central universities and colleges as per the recommendations of the Seventh Pay Commission.
The move will benefit around 25,000 present pensioners in central universities, and the cost of this move is between Rs 6,000 and Rs 18,000, the minister wrote on micro-blogging site Twitter.
The pension revision will also benefit the retired employees of state universities where the seventh pay panel has been approved. Javadekar added that the Centre's decision will bring benefits to about 8 lakh teachers.
“This move of govt will benefit approx 8 lakh teachers & 15 lakh non –teaching staff who retired from State Public Universities & affiliated colleges, who wish to adopt or have adopted Pay Scales prescribed for Central Universities,” he tweeted.To be noted, in October the Union Cabinet gave the green light to revise pay scales for nearly eight lakh teachers and academic staff of higher educational institutions following the implementation of the seventh pay panel.
The decision will benefit 7.58 lakh teachers and equivalent academic staff in the 106 universities and colleges which are funded by the UGC and the union HRD ministry and also 329 universities which are funded by state governments and 12,912 government and private aided colleges affiliated to state public universities, the HRD ministry had said in a statement.
Besides, the revised pay package will cover teachers of 119 centrally funded technical Institutions — IITs, IISc, IIMs, IISERs, IIITs, NITIE. etc, the statement mentioned.The hike was retrospective, effective from 1 January 2016. To be noted, the annual central financial liability on account of this move would be approximately Rs 9,800 crore. For state government-funded institutions, the revised pay scales will require adoption by the respective state governments, it said.