Pensioner DA Hike 2024: The Government of Madhya Pradesh has announced an increase in Dearness Relief for retired state government employees receiving provisional pensions. This Pensioner DA Hike 2024 decision formalized in an order issued by the Finance Department, aims to provide financial relief to pensioners in light of rising living costs. So if you are also one of the pensioners of the State Government of Madhya Pradesh then can read this article where we will share with you details information about Madhya Pradesh Dearness Allowance Hike 2024 including names of the beneficiaries, Official notification of the government, etc.
On May 28, 2024, the Government of Madhya Pradesh, through its Finance Department, issued an important order aimed at providing financial relief to retired state government employees receiving provisional pensions. The order, addressed to all government departments, the Chairman of the Revenue Board in Gwalior, all divisional commissioners, department heads, and district collectors across the state, outlines significant changes in the calculation and disbursement of Dearness Relief for these pensioners.
Pensioner DA Hike 2024 Latest Update
The directive is a continuation of an earlier decision from November 13, 2017, which initially set guidelines for providing Dearness Relief to provisional and family pensioners. The current order emphasizes that the Dearness Relief for these pensioners will be calculated based on the rates applicable to employees under the fourth or fifth pay commission’s pay scales. This adjustment aligns the financial support with the latest cost-of-living indices and ensures that pensioners receive adequate compensation in the face of inflation.
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New Rates of DA
A critical update in the new directive is the handling of fractional amounts in the Dearness Relief payments. If the calculated amount includes a fraction of 50 paise or more, it will be rounded up to the next higher rupee. Conversely, if the fraction is less than 50 paise, it will be rounded down to the nearest rupee. This rounding mechanism simplifies the payment process and ensures that pensioners receive whole rupee amounts, making the disbursement process more straightforward and reducing administrative complexities.
This order reinforces a previous directive dated March 15, 2024, which set the current rates for Dearness Allowance applicable to provisional pensioners. By maintaining consistency with these rates, the government ensures that the financial support provided remains relevant and effective in offsetting the impact of inflation.
Benefits of DA hike for employees
The initiative underscores the Madhya Pradesh government’s commitment to the welfare of its retired employees. By adjusting the Dearness Relief to reflect current economic conditions, the government aims to provide meaningful financial support to its pensioners, helping them manage their living expenses better. The order, signed by Deputy Secretary P. U. Sisodia, reflects the administration’s dedication to implementing policies that benefit retired personnel and their families.
This move is part of a broader effort by the state government to enhance the financial security of its retired workforce, recognizing their contributions to public service and ensuring they are adequately supported in their post-retirement years. The implementation of this order will be monitored by all relevant state departments, ensuring that the increased Dearness Relief is disbursed efficiently and reaches all eligible pensioners without delay. For further information, pensioners are encouraged to contact their respective department offices or visit the official website of the Madhya Pradesh Finance Department.
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1345% DA hike in state
Currently, most of the governments are following the 7th pay commission and providing the da and other allowances according to its provisions, but state governments are also managing the previous pay commissions for the employees for pensioners who are still getting their monthly pension according to the fourth and fifth Pay Commission.
For beneficiaries or the family members of the beneficiaries Who are getting the pension as 4th Pay Commission Will get a Hike of 1345% in their da. Apart from this 291% increment in DA will be provided for beneficiaries of the 5th Pay Commission. So, if you are receiving the pension from the state government in the 4th or 5th pay commission then you will receive the increased payment in upcoming months and if you are not receiving such payments then should contact the department to update your information.
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What is the DA increment in July 2024?
The central government has progressively raised the employees’ DA by 4% over recent years. In 2022, it stood at 38%, increased to 42% in 2023, and further to 46% in the first half of 2024, and now stands at 50%.
What is the DA in UP 2024?
As per an order issued by the additional chief secretary (finance), effective January 1, 2024, the DA to be disbursed will amount to 50% of the employees’ basic salary.
How to calculate DA for pensioners?
DA for pensioners is calculated on the basis of their basic pension without any commutation. Therefore, pensioners receive a specific percentage of their original pension as DA. The computation of DA for pensioners is reviewed and revised semi-annually, every six months, in accordance with the cost-of-living index.
How frequently DA increased?
The Government typically boosts this DA every six months, with adjustments usually implemented on January 1st for the period from January to June, and on July 1st for the stretch between July and December.