Central government decided to withdraw Risk Allowance with effect from 01-04-2009 and replace it with Risk Insurance Scheme after consultation with staff side.
A general instruction was issued by the Department of Personnel Ministry vide OM No.21012/1/2008- Estt (AL) dated 12th March, 2009 to all ministries/Department having the component of Risk Allowance to examine the recommendation at para 4.2.68 of Sixth central Pay comission in the light of General Risk Insurance package formulated by General Insurers' (Public Sector) Assosiation of India (GIPSA) and consider as per their specific risk, needs and requirements by the respective Ministries/Departments after consultation with the regard was required to be sent to Department of Personnal Ministry with in two months. A subsequent reminder of even no. dated 29-01-2009 was issued by the department to expedite the compliance report.
However, compliance report has not been received by this Department till Date.
Keeping in view the requests from certain Ministries/Departments, it has been decided with the approval of Ministry of Finance to extend payment of Risk Allowance upto 30-09-2010 or till such time the Risk Insurance Scheme is finally introduced, whichever is earlier.
All the Ministries are requested to ensure implementation of Risk Insurance Scheme before 30-09-2010. No further extension will be considered thereafter.
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