Friday, 13 November 2015

AP Retirement Gratuity Enhanced to 10 lakhs

AP Retirement Gratuity Limit Enhanced to Ten Lakhs

AP GO.139 Retirement Gratuity Enhanced to 10 Lakhs : Government of Andhra Pradesh, Finance Department has given GO.139 for Enhancement of maximum limit of Retirement Gratuity from Rs.8,00,000/- to Rs.10,00,000/. Pension and Other Retirement benefits. G.O.MS.No. 139 Dated: 13-11-2015: PENSIONS - Retirement Gratuity -Enhancement of maximum limit of Retirement Gratuity from Rs.8,00,000/- to Rs.10,00,000/- Orders - Issued.

1. G.O.Ms.No.51,Finance (Pen.I) Department, dated 01.04.2011.
2. G.O.Ms.No.95, G.A (Spl.A) Department, dated 28.02.2013.
3. G.O.Ms.No.51,Finance(HRM.VI)Department, dated 08.05.2015.

In the Government Order third read above, orders were issued for consolidating the pension to the pensioners and family pensioners in Revised Pay Scales 2015.

2. After careful consideration of the interests of prospective pensioners in light of recommendations of 10th Pay Revision Commission, Government hereby order that the maximum limit of Retirement Gratuity ordered in G.O. 1st read, be increased from Rupees eight lakhs to Rupees ten lakhs.

3. These orders shall come into force with effect from the date of issue of these orders and shall apply to the employees of state Government andlocal bodies whose service pension is being charged to 2071-Pension and Other Retirement benefits who retire or whose death take place on or after this date.

4. Necessary amendments for Rule 46 of the Andhra Pradesh Revised Pension Rules 1980 will be issued separately.

5. As far as calculation of Commutation is concerned, the existing orders shall continue.

AP GO.139 Retirement Gratuity Enhanced to 10 Lakhs 

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