7th Pay Commission Latest News: The Centre has taken a major decision with regard to the pension of over 42,000 employees. The announcement comes in the wake of upcoming Lok Sabha Elections 2019 and a few days after Prime Minister Narendra Modi-led government brought a smile on the faces of Central Government employees and pensioners by increasing the Dearness Allowance (DA) and Dearness Relief (DA) by 3 per cent.Also Read - 7th Pay Commission Latest News Today: Big Announcement on Fitment Factor Hike For Govt Employees Likely Today | Deets Inside 

Taking to Twitter on Saturday, Finance Minister Arun Jaitley announced that more pension option for left over employees of Public Sector Insurance Companies who joined on or before June 28, 1995. The lot includes about 10,720 senior citizens as well. “Govt. approves one more pension option for left over employees of Public Sector Insurance Companies who joined on or before 28.06.1995. To benefit 42720 employees including 10720 senior citizens,” he tweeted. Also Read - Got Salary Hike Recently? Employees Can Make These Investment Plans to Save Tax | Details Here

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It may be noted here that salary hike in connection with the DA and DR hike has not only been announced by the Centre for its employees and pensioners but also by the governments of Rajasthan, Odisha and Jammu and Kashmir.

A couple of days back, J&K Governor Satya Pal Malik had announced a 3 per cent hike in DA and DR for its employees and pensioners with retrospective effect from January 1, 2019. Similar decisions were taken by the governments of Rajasthan and Odisha under 7th Pay Commission recommendations recently.

Ahead of the general elections, not only the state governments but also, Prime Minister Narendra Modi-led Central government is leaving no stone unturned in keeping the staff happy. However, the Centre is receiving flak of over 50 lakh CG employees and an equivalent number of pensioners for not paying heed to their demand of a hike in minimum pay and fitment factor beyond 7th Pay Commission recommendations.