According to the media sourfces, The Center’s decision to increase its employees’ dearness allowance by 4% to 50% has resulted in a substantial revision in other allowances, including retirement gratuity, which is a huge boon for government employees. The maximum limit for Retirement Gratuity and Death Gratuity is increased by 25%, from Rs 20 lakh to Rs 25 lakh, effective January 1, 2024.
As per the reports, According to the Office Memorandum (OM) dated May 30, 2024, “Accordingly, as per the Government’s decisions in implementation_ of the recommendations of the Seventh CPC, the maximum limit of Retirement Gratuity and Death Gratuity under the Central Civil Services (Pension) Rules, 2021 or the Central Civil Services (Payment of Gratuity under National Pension System) Rules, 2021, would be increased by 25% i.e. from Rs 20.00 Lakh to Rs 25.00 Lakh, with effect from I s’ January 2024.” Previously, the same announcement, which was initially been made on April 30, 2024, but was put on hold on May 7 with the following statement: “The circular number HRD-1/8/2024/Misc-Circulars-Part(1)/1004 dated 30.4.2024 is kept in abeyance with immediate effect.”
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