The record
Written from the 1 report below. Nothing here is unsourced.
- The Tamil Nadu government has fixed an interim monthly payout of ₹10,000 for retired employees with 10 to 18 years of service under the Tamil Nadu Assured Pension (TAPS) regime, along with applicable dearness relief.
- Retirees with 18 years or more of service will continue to get the interim payout at 30% of their last-drawn monthly basic pay, or ₹10,000, whichever is higher, plus dearness relief.
- The flat rate was set because a 30% payout could have exceeded the proportionate admissible payout for those with less than 18 years of qualifying service.
- An excess payment would have been recovered in 10 equal instalments from September, causing hardship to retirees, while the exact admissible payout cannot yet be calculated because the net qualifying service rules under TAPS are not yet notified.
- Once the rules are notified, the actual admissible payout will be worked out for each retiree, and any shortfall will be paid as arrears.
What to watch next
- Notification of TAPS rules and procedures defining net qualifying service.
- Working out and payment of arrears or recovery adjustments for individual retirees.
- Continuation of the interim payout for 18-plus-years retirees at 30% of last-drawn basic pay or ₹10,000.
Who said what1
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N. Venkatesh
1 quote · 1 outlet
“If the interim payout was higher than the eligible admissible payout, it would lead to the recovery of the excess amount, causing unnecessary hardship to retired government servants at a later stage”
In the article
…years, sanctioning an interim monthly payout of 30% of their last-drawn monthly basic pay would result in the interim payout being higher than the proportionate admissible payout based on the length of their service. If the interim payout was higher than the eligible admissible payout, it would lead to the recovery of the excess amount, causing unnecessary hardship to retired government servants at a later stage , the letter said. Further, the net qualifying service under TAPS was yet to be notified, and hence, it could not be calculated at present to determine the exact admissible payout. After notification of the relevant…
Coverage1
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Named India · Treasuries and Accounts · Government of Tamil Nadu · N. Venkatesh
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