Multiplication factor is 2.57. Pay hike 23.5% and Pension hike 24%. Chairman says CPC formulated on the basis of Dr.Aykroid formula of Need Based Minimum Wage and accordingly the starting salary is 18,000/-. No change in MACP scheme. No change in additional pension formula of 6th CPC; Basic pension continues to be 50% of LPD; No change in commutation factor or commutation period; Like wages basic pension also will be fixed by multiplication factor …of 2.57. Pre-2006 pensioners are given option to get notionally fixed in pay band + grade py of 6th CPC with number of increments as per their service before retirement in that cadre to facilitate calculation @ 50%  of that notional level; or 2.57 times of basic pension  as fixed by 6th CPC formula – whichever is more beneficial. Let us hear full report!