New Delhi: The Centre has agreed to take away the cap on Composite Switch Grant (CTG) in instances the place the retiring worker settles on the final station of obligation or inside 20 kilometres of it, which is nice information for hundreds of presidency staff.
Till now, the Centre has paid one-third of the CTG to staff who settle on the final obligation station or inside 20 kilometres of the final obligation station.
The Centre has now determined to eradicate the criterion of being 20 kilometres from the final obligation station. Nevertheless, to be able to be eligible for the grant, you will need to relocate. In response to the revised standards, authorities staff are eligible for full CTG (i.e., 80% of the earlier month’s primary pay) to calm down of their final station of obligation or every other location after retirement.
For the uninitiated, the CTG is a one-time award issued by the federal authorities to help retired staff in relocating from their earlier obligation station.
The CTG is at the moment credited to the Central authorities at 80% of the final drawn wage’s primary wage. Workers transferring in or out of the island areas of Andaman & Nicobar and Lakshadweep after retirement, alternatively, obtain 100% of their primary wage.
“It has been determined that for the aim of Composite Switch Grant in r/o Central Authorities worker who needs to calm down on the final station of obligation or apart from final station of obligation after retirement, the situation of 20 km. from the final station of obligation is completed away with topic to the situation that change of residence is definitely concerned,” the Division of Expenditure, Ministry of Finance, stated in a notification.
“Full CTG can be admissible to calm down on the final station of obligation or apart from the final station of obligation following retirement, i.e. on the price of 80 p.c of the final month’s primary wage,” the ministry’s memorandum states.
Methods to declare CTG
To be eligible for CTG, a authorities worker should undergo the Central authorities a self-declaration certificates concerning a change of residence within the authorized format, and the grant can be offered because of this.