Committee Formed to Examine the 1st Option for Revision of Pension
Government Decision on Options
Both the options recommended by the 7th Central Pay Commission as regards pension revision be accepted subject to feasibility of the implementation.Revision of pension using the second option based on fitment factor of 2.57 be implemented immediately.
The first option may be made applicable if its implementation is found feasible after examination by the Committee comprising Secretary (Pension) as Chairman and Member(Staff). Railway Board, Member (Staff), Department of Posts, Additional Secretary & Financial Adviser, Ministry of Home Affairs and Controller General of Accounts as Members
Source : http://www.pensionersportal.gov.in/