Cabinet approves BSNL pension revision

TIL Desk/Business/New Delhi-The Union Cabinet at a meeting here chaired by Prime Minister Narendra Modi on Tuesday approved pension revision to the retirees of public sector telecom company Bharat Sanchar Nigam Limited (BSNL) by allowing the benefit of merger of 50 per cent Dearness Allowance (DA)/DR with basic pay.

The pension revision for BSNL pensioners and family pensioners will amount to 78.2 per cent DA/DR for the purpose of fitment and modifying BSNL’s liability towards pensionary benefits payments to retired employees.

“The decision of the Cabinet has come in the wake of an anomalous situation created in the difference of pension formula among the BSNL retirees who retired before and after June 10, 2013,” said a cabinet communique.