Tuesday, October 22, 2013

Railway Board Orders - Railway Board issued orders on granting of bonus to RPF and RPSF

Railway Board Orders - Railway Board issued orders on granting of bonus to RPF and RPSF

Railway Board has issued orders on granting ad-hoc bonus to RPF and RPSF for thirty days.

The content of the order has been given below for your information...

"Grant of ad-hoc bonus for 30 days to the Group ‘C’ & ‘D’ RPF/RPSF personnel for the financial year 2012-2013.

The President is pleased to decide that all Group 'C' & ‘D’ RPF/RPSF personnel, may be granted ad-hoc bonus equivalent to 30 (thirty) days emoluments for the financial year 2012-2013, without any eligibility wage ceiling. The calculation ceiling of  3500/- will remain unchanged.

2. The benefit will be admissible subject to the following terms and conditions:

a) Only those Group ‘C’ & 'D’ RPF/RPSF personnel who were in service on 31.32013 and have rendered at least six months of continuous service during the year 2012-2013 will be eligible for payment under these orders. Pro-rata payment will be admissible to the eligible personnel for period of continuous service during the year ranging from six months to a full year, the eligibility period being taken in terms of number of months of service (rounded to the nearest number of months).

b) The quantum of ad-hoc bonus will be worked out on the basis of average emoluments/calculation ceiling whichever is lower. To calculate ad-hoc bonus for one day, the average emoluments in a year will be divided by 30.4 (average number of days in a month). This will thereafter be multiplied by the number of days of bonus granted. To illustrate, taking the calculation ceiling of  3500/- (where actual average emoluments exceed Rs.3500), ad-hoc bonus for thirty days would work out to Rs.3500 x 30 / 30.4 = 3453.95 (rounded off to  3454/-).

c) All payments under these orders will be rounded off to the nearest rupee.

d) In the matter where the aforesaid provisions are silent, clarificatory orders issued vide this Ministries letter No.E(P&A)II-88/Bonus-3 dated 29.12.1988, as amended from time to time, would hold good.

e) All the Group C & D RPF/RPSF personnel, regardless of whether they are in uniform or out of uniform and regardless of place of their posting, shall be eligible only for ad-hoc bonus in terms of these orders.

3. This issues with the concurrence of the Finance Directorate of the Ministry of Railways".

Source: 90paisa.blogspot.in

New Pension Scheme: Corpus up to Rs 2 lakh can be fully withdrawn at retirement

New Pension Scheme: Corpus up to Rs 2 lakh can be fully withdrawn at retirement
New Pension Scheme (NPS) holders can withdraw the entire fund on retirement if the total amount is Rs 2 lakh or less. The Finance Ministry has notified the change.

“When, on superannuation, a request is received from a subscriber, other than the subscriber under NPS-Lite Swavalamban Scheme, having pension wealth of two lakh rupees or less, he/she may opt for withdrawal of total pension wealth,” according to a Finance Ministry gazette notification . At present, over 4,400 accounts have accumulated amounts of Rs 2 lakh or lower. Out of these, nearly 680 have made a request for withdrawal.

Normally, an individual can exit either at or after the age of 60. However, from March 2013, subscribers were allowed to stay invested till the age of 70, but with some conditions such as no-contribution or part-withdrawal between the ages of 60 and 70.

ANNUITY PROBLEM

At the time of exit, 60 per cent of the total amount is given as lump sum, while 40 per cent is used to purchase an annuity, which provides lifetime pension to an employee and his dependent parents/spouse at the time of retirement. The problem was that the accumulated amount was inadequate for pension payouts. The thinking is that accumulated funds of less than Rs 2 lakh are not enough to purchase an annuity or annuity providing for a decent monthly income.

Now, subscribers, with pension wealth of Rs 2 lakh or less, will have to make a request for an ‘opt-out’ option. Those who have not made a request for withdrawal as lump sum may like to continue, which is why a specific ‘opt out’ option is being proposed, rather than a default option.

NPS is a contributory scheme that was made mandatory for Union Government employees (except those joining the Armed Forces) joining on or after January 1, 2004. Under the scheme, an employee contributes 10 per cent of his/her salary and dearness allowance and an equal contribution is made by the Union Government.

Source: The Hindu Business Line

7th Pay Commission: Suggestions for terms of reference with respect to Pensioners by Bharat Pensioner Samaj

7th Pay Commission: Suggestions for terms of reference with respect to Pensioners by Bharat Pensioner Samaj
Suggestions for terms of reference of 7th CPC with respect to Pensioners by Bharat Pensioner Samaj

1. To examine with a view to having a proper pension structure for pensioners and family pensioners both past and future so that all pensioners irrespective of pre retirement status get equal percentage rise in pension through full parity as well as through normal consolidation.
2. To examine the existing pension structure including death-cum-retirement, commutation of pension and other terminal or recurring benefits, upholding the principal of Parity in Pension between past and future pensioners as recommended by V CPC and make recommendations there to be effective from 01.01.2006.
3. To consider the merger of Dearness Relief wef 1.1.2011 and grant of suitable Interim Relief with immediate effect.
4. To consider the unimplemented recommendation of 5th & 6th CPC.
5. To consider enhancement of% of pension & family pension
6. To examine various health schemes in the light of apex court judgments on the subject & suggest improvements so that all pensioners including those of all India services like IAS, irrespective of pre retirement status get hassle free medical facilities at par .
7. To examine FMA with reference to prevailing market conditions & to suggest enhancement w/o any distance restriction.

Source: Bharat Pensioner Samaj

NMC urges PM to appoint Chairman for 7th Pay Commission, Merger of DA, 20% Interim Relief etc.

NMC urges PM to appoint Chairman for 7th Pay Commission, Merger of DA, 20% Interim Relief etc.
JAMMU: National Mazdoor Conference has asked Prime Minister Manmohan Singh to immediately appoint the chairman and other members of the 7th Pay Commission and hold discussions with representatives of the Centre and state government employees in this regard.

"National Mazdoor Conference has urged to Prime Minister Manmohan Singh to immediately appoint chairman and other members of the 7th Commission and hold discussions with representatives of both Centre and state government employees in this regard as the Central and state government employees and pensioners will be entitled to 7th Pay Commission with effect from January one, 2016," NCM President Subash Shastri said.

An early notification for appointing chairman and other members of the announced 7th Pay Commission is the need of the hour, as it will have a bearing on about one crore employees and pensioners, both with the Central as well as state governments, Shastri said addressing a NMC workers rally at Rani Park here.

"50 per cent of the DA should be forthwith merged into the basic pay and pension," he suggested, adding that 20 per cent interim relief should be sanctioned as early as possible in favour of Central and state government employees and pensioners.

The NMC chief also demanded regularization of all daily- rated workers and casual and seasonal labourers engaged in different government departments.

He appealed to the Chief Minister, Finance Minister and Chief Secretary to formulate a comprehensive policy for the regularization of all such workers.

Source: Economic Times

Corrigendum on Recruitment of Persons with disabilities from open market

Corrigendum on Recruitment of Persons with disabilities from open market
Railway Board instructed to all recruiting agencies to amend the rule while recruiting persons with disabilities from open market...

The order No.E(P&A)II/2013/Bonus-1 (RBE No.109/2013) dated on 11.10.2013, the clause of the order is given below for your ready reference...

"Recruitment of Persons with disabilities from open market - qualification of scribes- regarding.

Attention is invited to para 2 (ii)(b) of this Ministry’s letter of even number dated 17/09/2007 regarding guidelines for providing concessions/facilities including scribes to persons with disabilities (PWDs), while conducting examination for their recruitment from open market.

Pursuant to advice of the Court of Chief Commissioner for Persons with Disabilities, in Case No. 389/1041/2013 dated 13/9/2013 that criteria like educational qualification, marks secured, age or other such restriction for the scribe should not be fixed and instead, the invigilation system should be strengthened so that the candidates using scribe do not indulge in malpractices like copying and cheating during the examination, it has been decided by the Board to delete para 2 (ii)(b) of this Ministry’s letter of even number dated 17/09/2007.

Further, where recruitment notices have already been published, the recruiting agency may also issue corrigendum, bringing this fact to the notice of all concerned".

Source: 90paisa.blogspot.in

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