CM agrees to release pending DA, dearness relief
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Chief Minister Y.S. Jagan Mohan Reddy has agreed to release the pending Dearness Allowance (DA) and Dearness Relief (DR) to authorities workers and pensioners, and directed the Finance Department to challenge sanction orders.
A complete of 4,49,000 workers and three,57,000 pensioners would profit from the federal government’s resolution.
The first pending DA/DR due from July 2018 shall be paid together with January 2021 salaries/pensions payable on February 1 2021.
The DA/DR shall be revised with impact from July 1, 2018. The further expenditure to be incurred is round ₹86.41 crore monthly and ₹1,037 crore every year, in accordance to an official release.
The second pending DA/DR due from January 2019 could be paid with July 2021 salaries/pensions payable on August 1, 2021. The further expenditure entailed by that is ₹173 crore monthly and ₹2,074 crore every year.
The third pending DA/DR due from July 2019 could be paid with January 2022 salaries/pensions payable on February 1, 2022. The further expenditure incurred could be round ₹317 crore monthly and ₹3,802 crore every year.
The arrears for the primary DA/DR shall be adjusted in three instalments February 2021 onward to GPF accounts of the OPS workers and shall be paid in money in three instalments to the CPS workers and pensioners from February 2021. The further expenditure to be incurred could be round ₹2,592 crore.
Arrears for the second DA/DR could be adjusted in three instalments from August 2021 to the GPF accounts of OPS workers and the funds could be made in money in three instalments to CPS workers and pensioners from August 2022. The further expenditure to be incurred in the direction of that woud be roughly ₹2,592 crore.
The arrears for the third DA/DR shall be adjusted in 5 instalments from February 2022 to the GPF accounts of OPS workers and paid in money in 5 instalments to the CPS workers and pensioners from February 2022. The further expenditure being incurred could be round ₹4,320 crore.
The complete further expenditure to be incurred by the federal government on three DA/DR releases is round ₹3,802 crore every year as well as to the arrears amounting to ₹9,504 crore.
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