In a bonanza announced for its 20.5 lakh serving and retired employees in the run up to the 2019 Lok Sabha polls, the BJP-led Maharashtra Government said on Thursday that it would implement the 7th pay commission pay-scale with retrospective effect from January 1, 2016 and pay the arrears in five equal yearly instalments beginning from 2019-2020.
The decision will benefit 20.05 lakh serving and retired employees. It will involve an additional financial burden of Rs 14,000 on the State exchequer every year. The serving and retired employees will begin to reap the benefits with effect from January 1, 2019.
In addition to bearing the expenditure of arising out of the pay hikes promised it, the State Government will incur an additional expenditure of Rs 38,655 crore towards paying revised wage arrears for three years to its employees five equal yearly instalments from 2019-20.
The Devendra Fadnavis dispensation made an announcement to this effect after approving a report on the revision in the pay scales submitted by a high-level committee, headed former additional chief secretary K P Bakshi, at the weekly State Cabinet meeting here in the afternoon.