होम News Jharkhand’s Retired Teachers Set to Benefit from 6% Interest Payments

Jharkhand’s Retired Teachers Set to Benefit from 6% Interest Payments

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Great news for retired teachers from Jharkhand’s universities! The government has announced a Dussehra gift by resolving to pay the difference amount of the sixth pay scale along with interest to retired teachers. Following the Cabinet’s approval, the Department of Higher and Technical Education confirmed this resolution. Consequently, all retired teachers from the state’s universities and affiliated colleges will receive the payment of the difference amount with interest.{Jharkhand’s Retired Teachers}

Payment with Interest from January 2006 to March 2016

Outstanding amounts from January 2006 to March 2016 will be settled with a 6% interest rate. After the Cabinet’s approval, the Department of Higher and Technical Education has initiated the necessary steps for this process. The payment, along with the interest, will incur expenses of INR 2,16,33,000.

Benefit from January 2006

In fact, the state government had earlier decided to grant the benefits of the sixth pay scale to retired teachers and employees from universities and affiliated colleges, starting from January 2006. However, in March last year, the decision to grant real benefits from January 2006 was reaffirmed while canceling the previous order.

High Court’s Order for Pending Payments with Interest

Meanwhile, the Jharkhand High Court, hearing a petition filed by the Retired Teachers’ Association, passed an order to pay the outstanding difference amount with a 6% interest rate until March 31, 2010. The benefit was initially granted to teachers who filed the petition.

Government’s Compliance with Court’s Order

The state government complied with the court’s order and decided to pay the pending difference amount to all eligible retired teachers with a 6% interest rate. This decision was made in a Cabinet meeting held on July 25, 2022. Subsequently, the High Court, in another petition, directed the government to pay the outstanding amount with a 6% interest rate to all eligible retired teachers. Following this, the state government decided to extend the benefit to all qualified retired teachers.

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