Opinion - Letters to the Editor

Commutation

Sir, — Central Government pensioners are repaying the commuted value of the pension in 15 years at present based on the commutation table worked out at a borrowing interest rate of 4.75 per cent. Since the borrowing rate of interest has been reduced by 2.5 per cent in recent years by the Finance Ministry, there is considerable decrease in the interest calculated earlier. In the circumstances, there is no loss to the Government if the recovery period is reduced to 10 years as recommended by the Sixth Pay Commission. Will the government look into this aspect and issue orders?

R. Dorairajan,
Tiruchirapalli

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