The Andhra Pradesh government has announced a new Dearness Relief (DR) for pensioners, bringing cheer to retired employees across the state.
This increase in DR aims to offset the impact of inflation and ensure that pensioners maintain a decent standard of living.
What is Dearness Relief (DR)?
Dearness Relief is a payment made to pensioners to compensate for the erosion in the purchasing power of their pensions due to inflation. It is calculated as a percentage of the basic pension and is revised periodically to reflect changes in the cost of living index.
New DR for Andhra Pradesh Pensioners
The Andhra Pradesh government has announced a new DR of 3.144% for pensioners, effective January 2023. This increase will significantly increase the monthly pension amount for retired employees.
Benefits of the New DR
The new DR will bring numerous benefits to Andhra Pradesh pensioners, including:
- Increased monthly pension amount
- Enhanced purchasing power to combat inflation
- Improved standard of living
- Financial security and stability
How to Calculate the New DR
The new DR will be calculated as follows:
- Basic Pension x 3.144% = Dearness Relief Amount
- Total Pension = Basic Pension + Dearness Relief Amount
New DR AP GO.29, Dated: 16-03-2024 Details
The DA details are as follows, per the latest Andhra Pradesh Government Order ( GO.29, Dated 16-03-2024).
- Old DR is 26.39% % (As per the GO.115, Dated 22-10-2023).
- As per the GO.29, sanctioned DR is 3.64% (Enhanced DR).
- DR enhanced from 01.01.2023.
- So, DR enhanced from 26.39% % to 30.03%%.
- Now Present DR is 30.03%% (Total)
| Govt Order | New DA Details |
|---|---|
| Download GO.29 | Download New DR Govt Order.29 From here |
| DR Table | Download DR Reckoner (Andhra Pradesh Pensioners) |
Eligibility Criteria
All Andhra Pradesh pensioners who receive a pension from the state government are eligible for the new DR. This includes:
- Retired government employees
- Family pensioners
- Disability pensioners
How to Avail the New DR
Pensioners need not take any action to take advantage of the new DR. The increased amount will be automatically credited to their bank accounts and monthly pensions.
The new DR for Andhra Pradesh pensioners is a welcome move that will significantly improve their financial well-being. With this increase, pensioners can enjoy a better standard of living and financial security. We hope this article has provided comprehensive information on the new DR and its benefits. If you have any further questions, please feel free to ask.