Lottery held for employees! You will get 5 months more job and salary, this new formula came during the 8th Pay Commission

New Delhi: At present, a very interesting news is spreading on social media and corridors for lakhs of central employees of the country. Amidst the growing buzz about the formation of the 8th Pay Commission, a completely new and unique proposal of ‘retirement twice a year’ is being much discussed among the central employees. Under this new formula, the idea is to retire the employees on two fixed dates of the year, i.e. on 30th June or 31st December, instead of their month of birth. If this formula actually becomes a reality, then many employees can get the direct benefit of additional job and bumper salary for up to 5 months.

However, let us make it clear to you in advance that the government has not yet taken any official or final decision on this proposal. But despite this, economic experts and experts are considering it as a revolutionary step towards providing bigger benefits to the employees and improving the management of government work. Let us today explain to you in very simple language what this whole matter is and how it is going to affect your pocket and job.

What is this new formula and existing rules of retirement?

If we talk about the current rules, central government employees currently retire on the last day of their birth month. To understand this with an example, if an employee is born in the month of January, then he retires from his service on the last date of January.

But according to the new proposal which is being discussed the most at the moment, all the employees can be divided into two big groups. The first group will include employees born between January and June, who will retire together on June 30 instead of retiring in their birth month. The second group will include employees born between July and December, who will retire together on 31st December. That means, whatever be the month of birth, there will be farewell only on two fixed dates in the year.

How will employees get 5 months extra job and salary?

Now this question must be arising in your mind that how can anyone get a chance to work for more than 5 months? So suppose an employee was born in the beginning of January. According to the old and current rules, he will retire at the end of January itself.

But if this new model of the government is implemented, then instead of retiring in January, he can get a great opportunity to work straight till the last day of June. This simply means that he will get to do additional work for about 5 months, due to which up to 5 months of additional salary will also come into his account. Not only this, in some special cases it can also have a positive impact on the retirement benefits of the employees. This is the reason why central employees are showing a lot of interest in this new proposal.

What can the Modi government benefit from this new system?

If the system of retirement of employees is implemented in the country only twice a year, then it will be of great help not only to the employees but also to the government in handling its administration. With this system, it can be very easy for the government to make future plans.

For example, the vacant posts in the departments can be accurately estimated in advance, due to which the new recruitment process can be planned in a better and timely manner. It will be known in advance how much staff is required by which department. Apart from this, the government will also be able to prepare its budget and Human Resource (HR) plan in a very excellent manner. This means that not only the employees but also the government administration can get huge benefits from this formula.

Has this new proposal got the green signal from the government?

Amidst this huge curiosity among the employees, the most important thing is that this proposal has not yet been given any approval by the government. No such official order, notification or formal announcement has been issued by the Central Government yet.

For some time now, this new formula is only at the level of discussions and suggestions of files, no final seal has been given on it yet. Therefore, do not make the big mistake of considering every information circulating on social media or WhatsApp as the final decision of the government.

How many central government employees retire every year?

At present lakhs of employees are serving in various ministries of the Central Government including Indian Railways, Postal Department and Defence. According to an estimate, every year around 3 lakh employees reach their retirement age.

If ever this new system of retirement twice a year is really implemented in future, then for the first time in the history of the country, retirement of such a large number of government employees will be seen simultaneously in the months of June and December.

Why did this discussion intensify amid the murmur of the 8th Pay Commission?

Central employees across the country have been keeping their eyes set on the formation of the 8th Pay Commission for a long time. Employees are hopeful that with the arrival of the new pay commission, there will be a big increase in their salary, allowances and pension.

In such a sensitive and hopeful time, whenever any new proposal or formula related to job, retirement and extra income comes out, naturally the discussion and curiosity about it increases a lot among the employees. This is the reason why this model of 5 months extra job and salary is attracting the attention of the employees these days.

Stay away from rumors and wait for official announcement

At present, our advice to the central employees is that they should not blindly trust any misleading messages going viral on the internet or social media. Remain patient until any official notification comes from the government.

Please note that no new rule has been implemented in the country yet. The old and existing system of retirement is continuing exactly as before and no formal changes have been made on it by the government.