Thursday, September 4, 2008

Policies on children Education Assistance,DA and Pensions

All govt employees will get children education assistance upto 1000 per month per child and it will be limited for two children only. The Hostel subsidy will be Rs 3000 per month per child. If the husband and the wife both are working then only one can avail this facility.
The Govt has notified circulars regarding children education assistance, DA and pensions.
DA is announced as-
01-01-2006---NIL
01-07-2006---2 %
01-01-2007---6 %
01-07-2007---9 %
01-01-2008---12 %
01-07-2008---16 %
You may directly go to the site of Govt of India www.india.gov.in or click this link http://www.india.gov.in/govt/paycommission.php
The major formula for the pensioners to know the new pension is to multiply pre 2006 pension with the fitment formula of 2.26
All Govt employees will get reimbursement of Rs 12000 annually for two children studying from class 1st to 12th and it will be reimbursed per quarter of the year.There is no doubt of tuition fee or education allowance and it is clearly merged with the new heading " children education assistance scheme".