Increase in basic payby 16%, allowances by 63% and pension by 24% with a total increase of 23.55%
Minimum pay suggested at Rs 18,000 per month; maximumRs2.25 lakh a month
Rate of annual incrementretained at 3%
Gratuity ceiling up from Rs 10 lakh to Rs 20 lakh — ceiling to go up by 25% with 50% increase in DA
Pay matrix to replace current pay bands and grade pay. Grade pay subsumed in pay matrix and employee’s status to be determined by the level in the pay matrix
52 allowances abolished; another 36 allowances subsumed in existing allowances or in newly proposed allowances
Health insurance scheme for employees, pensioners

Defence forces-like parity for pensioners

The panel has recommended a virtual one rank, one-pension for civilians by suggesting a revised pension formulation for Central employees who retire before January 1, 2016
The formulation will bring parity between existing pensioners and new retirees for the same length of service in the pay scale at the time of retirement — PTI

Financial impact of the bonanza for employees

Will put a strain on exchequer to the tune ofRs1.02 lakh crore in 2016-17, or 0.65% of the GDP
Rs 73,650 cr will be borne by General Budget andRs28,450 cr by Railway Budget