Four Month Extension of Term of 7th Central Pay Commission

Four Month Extension of Term of 7th Central Pay Commission

Extension of the term of the 7th Central Pay Commission

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the extension of the term of the 7th Central Pay Commission by four months up to 31.12.2015.
The 7th Central Pay Commission was constituted by the Central Government on 28.2.2014. According to the Resolution dated 28.2.2014, by which the Commission was constituted, it is to make its recommendations within 18 months of the date of its constitution that is by 27th August, 2015.

In view of its volume of work and intensive stake-holders’ consultations, the 7th Central Pay Commission had made a request to the Government for a four month extension up to 31.12.2015.

Banks confirm participation in September 2 general strike nationwide

Banks confirm participation in September 2 general strike nationwide

Bank employees and officers associations have confirmed their participation in the nationwide general strike to be held on September 2.

In a press release, CH Venkatachalam, the General Secretary of All India Bank Employees Association, said,

“The Centre is following anti-worker and anti-welfare policies. Serious damage is being particularly caused to workers’ rights. The Centre is trying to appease the capitalists and industrialists at the cost of the workers and the rest of the society.

“Reforms are being brought to the labour laws in favour of the management. The rights of the workers and labour unions are being taken away. Excessive overseas investments are being allowed into the railways, defence, and finance sectors. New jobs are not being created as much as they should be. The Centre is also not taking any steps to regulate the prices of essential commodities.

“The central workers union has called for a nationwide strike on September 2 to condemn this attitude of the Centre. Bank officers and employees’ unions will participate in this strike.”

ACP – NON IMPLEMENTATION OF GOVT’S ORDER IN KV

ACP-NON IMPLEMENTATION OF GOVT’S ORDER IN KV

IN PURSUANCE TO PER 6TH PAY COMMISSION RECOMMENDATION, GOVERNMENT OF INDIA HAS IMPLEMENTED MACP SCHEME W.E.F. 1/9/2008. AND, THE PREVIOUS ACP SCHEME WAS MADE AVAILABLE TO THE CENTRAL GOVERNMENT EMPLOYEES, INCLUDING THE EMPLOYEES OF KV, TILL 31/08/2008.

THUS AS PER ACP/MACP RULE AN LDC COMPLETED 12 YEARS SERVICE AS ON 31/08/2008 WOULD GET 1ST ACP WORTH RS 2400 GRADE PAY AND AN LDC COMPLETED 24 YEARS SERVICE ON THE STIPULATED DATE WILL GET RS. 4200 GRADE PAY. AND VARIOUS MINISTRIES/OFFICES OF GOVERNMENT OF INDIA HAS ALREADY IMPLEMENTED THIS ORDER TO THE EMPLOYEES SERVING THERE.

BUT IT SURPRISED TO NOTE THAT IN ORDER TO GET THE GOVERNMENT OF INDIA’S AFORESAID ORDER IMPLEMENTED IN KV, KV STAFF HAS TO KNOCK THE DOOR OF COURTS. IN THIS RESPECT, A COPY OF THE LETTER SENT TO THE COMMISSIONER, KENDRIYA VIDHYALAYA BY THE KENDRIYA VIDHYALAYA NON-TEACHING STAFF ASSOCIATION, IS PLACED BELOW.

WE EXPECT THIS GENUINE DEMAND OF THE KV EMPLOYEE WILL BE ACCEPTED AND IMPLEMENTED IMMEDIATELY.

-TKR PILLAI

Merger of DA Seeking and Oppose reduce the Retirement age – DPCC

Merger of DA Seeking and Oppose reduce the Retirement age – DPCC

Maken to sit on dharna

Delhi Pradesh Congress Committee president Ajay Maken along with a large number of party workers will sit on a daylong dharna tomorrow at Jantar Mantar seeking merger of Dearness Allowance (DA) with basic pay and also to oppose the move by the BJP-led Central Government to lower the retirement age of government employees.

DPCC chief spokesperson Sharmistha Mukherjee said party workers, government employees, teachers, pensioners and others will join Maken in the dharna to press their demand for merger of DA with basic pay and also to oppose the move to lower the retirement age of government employees.

Addressing a press conference, Mukherjee said the Congress would be seeking the merger of 100 per cent DA with basic pay, which is 113 per cent as on January 1, 2015. The Congress-led UPA II government was to take a decision on merger of DA with basic pay, but due to the announcement of the general elections, it had to be deferred.

Read more at The Tribune

Draf Regulations for Retirement Advisers – PFRDA

Draf Regulations for Retirement Advisers – PFRDA

Pension Fund Regulatory and Development Authority is in the process of drafting regulations for Retirement Advisers. Towards this end, the Authority has prepared a Concept Note which is being placed on the website of PFRDA for Stakeholders and public comments.

Concept Note on Introduction of Retirement Adviser

The detailed note under various subject headlines are…

1. Background
2. Retirement Planning
3. Retirement Adviser
4. Scope of Work of Retirement Adviser
5. Eligibility for Retirement Adviser
6. Application for Registration
7. Registration Fee
8. Exemption from registration and Certification
9. Period and Validity of Registration
10. Renewal of Registration
11. Suspension and Cancellation of Certificate of Registration
12. General Responsibilities and Obligations
13. Maintenance of records
14. Segregation of execution services
15. Appointment of Compliance Officer
16. Fees to be charged by the Retirement Adviser
17. Grievance Redressal
18. Penal provisions

For more details click here…
Authority: www.pfrda.org.in

One Rank One Pension announcement likely on Friday (28.8.2015)

One Rank One Pension announcement likely on Friday (28.8.2015)

“There is speculation that an OROP announcement could come as early as Friday, August 28, the 50th anniversary of the 1965 war with Pakistan”.

OROP – Fasting protesters admitted to the hospital

Retired servicemen from the armed forces are on a fast-until-death protest at New Delhi’s Jantar Mantar, demanding the implementation of One Rank One Pension scheme.

One of the protesters is Retired Colonel Pushpender Singh, who has been fasting for eight days. His health condition worsened and he was examined by a doctor who said that he had to be rushed immediately to the hospital. The former Colonel was taken to the military hospital.

He was replaced by Saheb Singh at the protest. Major Singh and Ashok Chauhan are the other protestors who are fasting until death for the implementation of One Rank One Pension.

Prior to being rushed to the hospital, Pushpender Singh said, “I don’t want to go to the hospital, but I’m forced to because the doctors are worried that it might affect the functioning of my brain. I shall resume my fast after my discharge from the hospital.”