InvestorQ : I am a central government pensioner and have been hearing reports that all pensions will be cut by 20%? Is that rally true due to the COVID-19 impact?
Anu Biswas made post

I am a central government pensioner and have been hearing reports that all pensions will be cut by 20%? Is that rally true due to the COVID-19 impact?

Answer
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Neelam Naik answered.
6 months ago


There has already been a clarification from the Finance Ministry on 19 April that there would be no cuts in pensions to central government employees. The ministry clarified its position after press reports appeared on these lines and this can be taken as official because even Nirmala Sitharaman had retweeted the clarification. The Finance Ministry has clarified that there would be no cut in pension disbursements and salaries and pensions will not be affected by government cash management instructions. This should clarify the matter and set doubts to rest.