The move will implement a salary hike for its over 20 lakh employees which will cost the state exchequer a sum of Rs 52,000 crore. Also, the arrears will be paid from when the 7th Pay Commission came into existence i.e. January 1, 2016.
Maharashtra government issued a note stating that the government needs Rs 14,000 crore to implement the salary hike and another Rs 38,655 crore to pay the arrears of three years to the employees. The note was issued after the weekly meeting of State Cabinet where the decision was taken.
The move is likely to benefit not only the state government employees but also the teachers from unaided schools and Zilla Parishad institutions.
Finance Minister of Maharashtra Sudhir Mungantiwar said that the employees will get arrears for the period of 36 months in five equal instalments. The arrear amount will directly be credited to the employee’s General Provident Fund (GPF) account.
Following the implementation of the recommendation of the commission, Group ‘D’ employee will get Rs 15,000 basic salary per month and Group ‘C’ employee will get Rs 18,000 per month.
Also, the pensioners in the age group of 80-85 years, will get a hike of 10 per cent in their monthly pension. The pensioners in the age group of 85-90 years will get 15 per cent hike, those in 90-95 years of age will get 20 per cent hike and those who are 100 and above, will get 50 per cent hike.