Restriction on EPF withdrawal

Restriction on EPF withdrawal

As per extant rules governing the withdrawal of Employer’s contribution from the Employees Provident Fund Scheme, a member can withdraw both the employer’s share of contribution and his own share under the following circumstances: -

(i) On retirement from service after attaining the age of 55 years.

(ii) On retirement on account of permanent and total incapacity for work due to bodily or mental infirmity.

(iii) On migration from India for permanent settlement abroad.

(iv) On termination of service in the case of mass or individual retrenchment.

(v) On termination of service under a voluntary scheme of retirement.

(vi) On ceasing to be an employee in any establishment.

However, notification No. G.S.R.158(E) dated 10.02.2016 restricting the withdrawal of 3.67 per cent of employer’s share of contribution till the age of 58 years has since been withdrawn by the Government on 19.04.2016.

This information given by Shri Bandaru Dattatreya, the Minister of State (IC) for Labour and Employment, in reply to a question in Lok Sabha today.

Relaxation in EPFO scheme

Relaxation in EPFO scheme

The Government proposes to relax/amend the Employees' Provident Fund Scheme to enable loss-making and sick PSUs to continue to run their own Provident Fund Trusts.

The proposal is being examined in consultation with Central Board of Trustees, Employees’ Provident Fund.

The said relaxation will not be applicable to the private firms and their employees.

Provident Fund Trusts of exempted establishments are custodian of the hard-earned money of the workers which needs to be protected. The private companies do not have the sovereign guarantee behind them as enjoyed by the Public Sector Undertakings of both the Central Government and the State Governments. Therefore, the proposed amendment is not intended to extend this advantage to private companies, so as to protect the interest of the workers.

This information given by Shri Bandaru Dattatreya, the Minister of State (IC) for Labour and Employment, in reply to a question in Lok Sabha today.

7th Pay Commission – PK Sinha’s Panel is pushing for higher pay than the Recommendations of the 7th CPC

7th Pay Commission – PK Sinha’s Panel is pushing for higher pay than the Recommendations of the 7th CPC

7th Pay Commission – PK Sinha’s Panel is pushing for higher pay – Now the pay of all central government employees will be fixed Basic Pay multiplying by 3.

A 13 members secretary-level Empowered Committee or Secretaries group, led by cabinet Secretary P K Sinha was formed in January to review the recommendations of 7th Pay Commission before cabinet nod and the Secretaries group is likely to submit its report before June 30.

The 7th Pay Commission headed by Justice A K Mathur proposed the highest salary at Rs 250,000 and the lowest at Rs 18,000. The commission also recommended 14.27 per cent increase in basic pay, 23.55% overall increase in salary, allowances and pensions. The increase in allowances was recommended 63% while pension was proposed to rise 24%.

However, according to reliable sources, the secretaries group review report is that it has pushed for higher pay than the recommendation made by the 7th Pay Commission.

Sources say that the secretaries group has recommended between Rs 2,70,000 and Rs 21,000 hike for the higher and the lower level. This is twenty thousand more in the upper limit prescribed by the 7th CPC and three thousand more in the lower level set by the commission.

The Secretaries group is likely to propose the fitment factor of 3 for all the employees while 7th pay commission had recommended for applying fitment factor of 2.57 to 2.81.

Now the pay of all central government employees will be fixed Basic Pay multiplying by 3, Basic pay means Pay Band plus Grade Pay and it is so much better than the 7th Pay commission recommendations, sources said.

However, the sources added its for the cabinet’s nod and the finance minister who has a key role to play.

Source: Zee News

DA hiked by 6%, to benefit 7 lakh Odisha government employees, pensioners

DA hiked by 6%, to benefit 7 lakh Odisha government employees, pensioners

Bhubaneswar: The Odisha government Saturday (30-4-2016) hiked Dearness Allowance (DA) by 6 per cent, benefiting over 7 lakh state government employees and pensioners, which would cost the exchequer an additional Rs 676.90 crore annually.

The DA, which will benefit over four lakh Odisha government employees and three lakh pensioners, will go up from the existing 119 per cent to 125 per cent, which would come into force with retrospective effect from January 1, 2016

Dearness allowance is paid as a portion of basic pay of employees to neutralise the impact of inflation. Pensioners get dearness relief.

The state government revises DA twice in a year on the basis of one year average of retail inflation for industrial workers as per a pre-determined formula.

The DA was increased following approval by Chief Minister Naveen Patnaik, Odisha Finance Minister Pradip Amat said.

While total annual implication on enhancement of DA and DR comes to Rs 676.90 crore, the additional requirement of fund during 2016-17 towards the hike with effect from January 1, this year, including arrears, comes to Rs 789.72 crore, he said.

Revision of pension of Pre-2006 disability pensioners and Family Pensioners effective from 1.1.2006 – Pensioners Portal Orders

Revision of pension of Pre-2006 disability pensioners and Family Pensioners effective from 1.1.2006 – Pensioners Portal Orders

Special benefit in cases of. death and disability in service- Revision of Disability Pension/Family pension of Pre-2006 disability pensioners/ Family Pensioners-regarding.

No.45/3/2008-P&PW (F)
Government of India
Ministry of Personnel,Public Grievances & Pensions
Department of Pension & Pensioners’ Welfare

3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi-110003.
Dated the 29th April, 2016.

OFFICE MEMORANDUM

Subject: Special benefit in cases of death and disability in service – Revision of Disability Pension/Family pension of Pre-2006 disability pensioners/ Family Pensioners -regarding.

The undersigned is directed to say that the pension of pensioners/family pensioners who were drawing pension/family pension as on 1.1.2006 under the CCS(EOP) Rules was to be revised in accordance with Department of Pension & Pensioners’ Welfare OM No.38/37/2008-P&P&W(A) dated 1.9.2008. Accordingly, instructions were issued vide this Department OM of even number dated 30th September, 2010 for extension of benefits of modified parity to past pensioners for revision of disability pension/family pension covered under CCS(EOP) Rules.

2. Orders were issued vide this Departments OM No.38/37/2008-P&PW(A) dated 28th January, 2013 for further stepping up of normal pension/family pension to 50%/30% of the sum of minimum pay in the pay band and grade pay corresponding to the pre-revised pay scales from which the pensioner had retired, as arrived at with reference to the fitment table annexed to the Ministry of Finance, Department of Expenditure OM No.1/1/2008-IC dated 30th August 2008. It was decided to extend this benefit to pre-2006 disability pensioner/family pensioner covered under the Central Civil Services (Extraordinary Pension) Rules vide this Departments OM of even number dated 20.11.2014.

3. Orders have been issued vide this Departments OM No.38/37/2008-P&PVV(A) dated 30.7.2015 to revise the pension/family pension of all pre-2006 pensioners/family pensioners in accordance with this Departments OM No.38/37/2008-P&PW(A) dated 28.1.2013 with effect from 1.1.2006 instead of 24.09.2012. Accordingly, it has been decided that the benefit of revision of disability pension/extra-ordinary family pension in terms of this Departments OM of even number dated 20.11.2014 would also be applicable w.e.f. 01.01.2006 instead of 24.09.2012.

4. All other terms and conditions in the O.M. dated 3.2.2000, as amended vide O.M. No.45/3/2008-P&PW (F) dated 18.11. 2008, 30.09.2010 and 20.11.2014 shall remain unchanged.

5. This issues with the concurrence of the Ministry of Finance, Department of Expenditure, vide their I.D Note No.1(5)/EV/2012, dated 23.02.2016.

6. All Ministries/Departments are requested to bring the contents of these orders to the notice of controller of Accounts/Pay and Accounts Officers and Attached and subordinate Offices under them on a top priority basis. All Pension disbursing officers are also advised to prominently display these orders on their notice boards for the benefits of disability pensioners/Family pensioners.

7. Hindi version will follow.

(Sujasha Choudhury)
Deputy Secretary

Original Copy from Pensioner Portal