Risk Allowance, Hospital Patent Care Allowance and Patient Care Allowance doubled
Risk Allowance, Hospital Patent Care Allowance and Patient Care Allowance doubled
The Cabinet today approved revision of rates of Risk Allowance. Hospital Patient Care Allowance and Patient Care Allowance payable to about two lakh entitled Central Government employees to double the existing rates with effect from 1s` September, 2008.
The proposed revision in the rates of the Risk Allowance,
Hospital Patent Care Allowance and Patient Care Allowance will provide
succor to the employees at risk due to the nature of their duties. It
will also result in considerable financial savings as compared to the
Risk Insurance Schemes/Packages.
The financial implication of doubling the extant rate
of Risk Allowance, Hospital Patient Care Allowance and Patient Care
Allowance would be Rs.42.16 crore per annum, as against Rs.503.26 crore
plus service tax (approximately) {Rs.40.50 crore plus service tax per
annum for insurance policy and Rs.462.76 crore plus service tax for
purchase of annuity} for implementing the Risk Insurance package.
The amount of Risk Allowance, Hospital Patient Care Allowance and Patient Care Allowance would be automatically raised by 25 per cent every time the Dearness Allowance on the revised pay structure goes up by 50 per cent.
The proposed revision in the rates of Risk Allowance, Hospital Patient
Care Allowance and Patient Care Allowance will benefit certain categories of Central Government employees engaged in duties involving special risks.
pib
No comments:
Post a Comment