Friday, May 3, 2013

Gratuity Pay under New Pension System

Press Information Bureau 
Government of India
Ministry of Finance 

03-May-2013

Gratuity Pay under New Pension System 

Death-cum-Retirement Gratuity is paid to Central Government employees under New  Pension System (NPS) as it is paid under the old pension scheme. The monthly annuity under the New Pension System (NPS) is only a replacement of pension on retirement and family pension of death after retirement.

The benefits of Death cum Retirement Gratuity (DCRG) and pension/family pension have been provisionally allowed,  vide the Office Memorandum of Department of Pension and Pensioners’ Welfare No. 38/41/06-P & PW(A) dated 5.5.2009 in respect of Central Government servants covered under NPS in cases where a Government Servant is retired on invalidation/disability and in the case of death of a Government servant in service on the same rates as are applicable under the old pension scheme Central Civil Service (Pension) Rules, 1972.

The retirement gratuity is payable to the retiring Government servant. A minimum of 5 years’ qualifying service and eligibility to receive service gratuity/pension is essential to get this one time lump sum benefit. Retirement gratuity is calculated @ 1/4th of a month’s Basic Pay plus Dearness Allowance drawn before retirement for each completed six monthly period of qualifying service.

The maximum retirement gratuity payable is 16½ times the Basic Pay, subject to a maximum of Rs. 10 lakh. If the Government Servant dies while in service, the death gratuity shall be paid to his family at rates furnished in the table below:

Sl. No.Length of Qualifying ServiceRate of Death Gratuity
1.Less than one year2 times of emoluments
2.One year or more but less than 5 years6 times of emoluments
3.5 years or more but less than 20 years12 times of emoluments
4.20 years or moreHalf of emoluments for every completed
six monthly period of qualifying service
subject to a maximum of 33 times of emoluments.

Maximum amount of Death Gratuity admissible is Rs, 10 lakh with effect from 1.1.2006.

This was stated by Minister of State for Finance, Shri Namo Narain Meena, in written reply to a question in the Lok Sabha today.

Stepping up of pay of the senior with reference to the revised pay of juniors applicability of Notes 7 & 10 below Rule 7 (1) of CCS (RP) Rules, 2008.

CIRCULAR

OFFICE OF THE PRINCIPAL CONTROLLER OF ACCOUNTS (FYS)
10-A, S.K. BOSE ROAD, KOLKATA-700 001

No. Pay/Tech-I/01 (6th CPC)/2013/Cir-10

Date: 08/04/2013

To
All Group Controllers
All Br. AOs

Subject: Stepping up of pay of the senior with reference to the revised pay of juniors applicability of Notes 7 & 10 below Rule 7 (1) of CCS (RP) Rules, 2008.

Several references have been received from some of the Factories as well as Br. AOs seeking clarification for stepping up of pay to the senior Fireman at par with their juniors appointed on or after 1.1.2006 in terms of Ministry of Defence I D No.11(4)/2008/D (Civ-I) dtd 06-05-2011.

The matter was taken up with the OFB for preparation of common seniority list in respect of Firemen grade to fulfill one of the conditions stated in the ibid MOD order.

The OFB after repeated reminders has intimated that the seniority of the Fireman grade in OF Organisation is maintained locally at the Factory Level. The Staff Side has also agreed in the JCM Level-III to continue present system of maintaining seniority of the Fireman grade at the Factory level as the these employees are not susceptible to transfer from one Factory to another Factory.

The availability of element of Direct Recruitment, the other condition stated in the above MOD order 6.5.2011, has been provided in the SRO-32 of 4.5.2012.

Keeping in the view of the above, this office is of opinion that the benefit of steeping up may be extended to the senior Firemen in those factories where a junior Fireman appointed on or after 1.1.2006 is actually drawing higher pay than his senior provided the senior and the junior belongs to the same seniority list maintained in the concerned Fy. The benefit will not be admissible in the grade of Leading Fireman as in that grade the element of direct recruitment is not available.

P C of A (Fys) has been consulted.

sd/-
Asst. Controller of Accounts (Fys)

Source: www.pcafys.nic.in
[http://pcafys.nic.in/files/Stepping%20up%20Pay%20tech%20matter.pdf]

Dearness Allowance to Bank Employees for the months of May, June and July 2013

Dearness Allowance to Bank Employees for the months of May, June and July 2013

Dearness Allowance for Workmen and Officer Employees in Banks for the months of May, June and July 2013 under IX BPS / Joint Note dated 27/04/2010

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2013-14/7111
2nd May, 2013

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2013 under IX BPS/Joint Note dt. 27.4.10

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960-100) for the quarter ended March 2013 are as follows:

January 2013  -  5044.52
February 2013  -  5090.18
March 2013      -  5113.00

Consequently, dearness allowance to employees is payable for 561 slabs for the period May, June & July 2013 i.e. an increase of 26 slabs over the current level.

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of dearness allowance payable to workmen and officer employees for the months of May, June & July 2013 shall be 84.15 % of pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowances to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,
sd/-
(Prabir Moulik)
Senior Advisor-HR&IR

Source: www.iba.org.in
[http://www.iba.org.in/upload/IXBPSJuly2013.pdf]

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