Government revises pension for retired RBI employees

The government has revised the pension of retired RBI employees.

The revision is as per the recommendations of the Seventh Pay Commission.

The revision will benefit all retired RBI employees, including those who joined after 2012.

The minimum pension for retired RBI employees has been fixed at Rs 9,000 per month.

The maximum pension for retired RBI employees has been fixed at Rs 67,000 per month.

The revision will also benefit family pensioners of retired RBI employees.

The family pension has been fixed at 30 percent of the last drawn salary of the retired employee.

The family pension will be subject to a minimum of Rs 9,000 per month and a maximum of Rs 45,000 per month.

The revision will come into effect from January 1, 2016.

The revision will cost the government an additional Rs 1,330 crore per annum.

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