Rs 100,000 as office expenses/yr for retired President, Rs 90,000 for ex-VP

The decisions have been taken by amending rules related to the President's Pension Rules, 1962 and the Vice-President's Pension, Housing and Other Facilities Rules, 1999

EPFO, pension, retirement
Photo: Shutterstock
Press Trust of India New Delhi
Last Updated : May 30 2018 | 10:23 AM IST

The government has decided to extend Rs 100,000 to a retired President and Rs 90,000 to a retired Vice-President on account of office expenses every year, the Home Ministry said on Tuesday.

The decisions have been taken by amending rules related to the President's Pension Rules, 1962 and the Vice-President's Pension, Housing and Other Facilities Rules, 1999.

During each financial year, an amount not exceeding Rs 100,000 shall be paid to every retired President towards the actual charges incurred by him or her on account of office expenses, a notification issued by the ministry said.

During each financial year, an amount not exceeding Rs 90,000 will be paid to every retired Vice-President towards the actual charges incurred by him or her on account of office expenses.

The government has also decided that the surviving spouse of a deceased President would be given secretarial staff consisting of a private secretary and a peon and shall be paid in each financial year, an amount not exceeding Rs 20,000 towards the actual charges incurred by him or her on account of office expenses.

The salaries of the President and the Vice President were increased to Rs 500,000 lakh and Rs 400,000 lakh per month respectively four months ago.

The emoluments of Governors were also increased to Rs 300,500 lakh per month.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 29 2018 | 9:26 PM IST

Next Story