Morung Express News
Kohima | March 30
Pension payments have increased by 104.91 per cent from Rs. 87.56 crore in 2000-01 to Rs. 197.42 crore in 2005-06 at an average rate of 17.49 per cent.
“Expenditure on pension was 7.91 per cent of revenue receipts and 8.71 per cent of revenue expenditure in 2005-06,” according to the Report of the Comptroller and Auditor General of India for the year ended 31st March 2006 tabled in the just concluded assembly session here.
The increase on pension payments during 2005-06 was mainly due to payment of 768 cases of arrears on account merger of 50 per cent of Dearness Allowance with Dearness Pay, to all pensioners who retired on or after 1 June 1998 and settlement of 1587 new pension cases.
With increase in number of retirees, the pension liabilities are likely to increase further in future, the report said. However, it was Rs. 14.68 crore less than the normative projection (Rs. 194.10 crore) made by TFC for Nagaland for the year 2005-06.
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