EXERCISING OPTION FOR FIXATION
OF PAY UNDER 7TH CPC BY SERVING OFFICERS.
1.
The
govt since approved the implementation of
the recommendations of the 7th pay commission, and have issued this time
7th CPC Army Pay Rules (Officers) in place of the Special Army Instructions giving broad directions for the
implementation. Please read our last post on implementation of 7 CPC Recommendations for serving officers CLICK HERE TO READ.
2. Under
Rule 10 all serving officers are required to send option within 180 days
of the date of the publication for fixation of their pay either on 01 Jan 2016
or on a later date. In case no option is exercised their pays will be fixed as on 01 Jan 2016 which is more beneficial to large number of the officers.
3. The officers are required to check and understand as to which of the options will be more beneficial for them in the long run, i.e. whether to have their pays
fixed as on 01 Jan 2016 or later after
earning the next increment, upgradation or promotion on 01 Jul 2016 if more beneficial to them in the long run. In this blog-post we have attempted to work out
the methodology to mathematically check and decide on the two options.