Saturday, November 2, 2013

96.15% Dearness Allowance for November, December 2013 & January 2014 i.r.o. Workmen and Officer Employees

96.15% Dearness Allowance for November, December 2013 & January 2014 i.r.o. Workmen and Officer Employees
Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2013 and January 2014 under IX BPS / Joint Note dated April 27, 2010

Indian Banks' Association
HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2013-14/8190 1st November, 20] 3
All Members of the Association (Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2013 & January 2014 under IX BPS/Joint Note dt. 27.4.10

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2013 are as follows:-

July 2013    5364.09
Aug 2013    5409.74
Sept 2013 5432.56

Consequently, dearness allowance to employees is payable for 641 slabs for the period November, December 2013 & January 2014 i.e. an increase of 48 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 November, December 2013 & January 2014 shall be 96.15% 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,

S Chi-uhan
Senior Vice President

Source: http://www.iba.org.in/Documents/DearnessAllowanceWorkmenOfficerEmployees.pdf

Proposed Common Nomination Forms for Nominations under Pension, GPF, CGEGIS, Commutation, Arrears of Pension Rules

Proposed Common Nomination Forms for Nominations under Pension, GPF, CGEGIS, Commutation, Arrears of Pension Rules

No. 1/12/2013-P&PW (E)
Government of India
Ministry of Personnel, P.G. & Pensions
Department of Pension & Pensioners' Welfare

Lok Nayak Bhawan,
Khan Market, New Delhi
Dated: 1st Nov, 2013
Circular

Sub: Introduction of Common Nomination Forms for Nominations under various Rules - inviting comments - regarding.

The undersigned is directed to state that as present separate Nomination Form are being filled for various benefits. With a view to simplifying the procedure, the Department of Pension &PW proposes to introduce Common Nomination Form 1 for making nomination for the following benefits:

          1. Gratuity under CCS (Pension) Rules, 1972
          2. General Provident Fund (Civil Services) Rules, 1960
          3. Amount under Employees Group Insurance Scheme, 1980

2. It is also proposed to use Common Nomination Form 2 for making nomination under

          1. CCS (Commutation of Pension) Rules, 1981
          2. Payment of Arrears of Pension (Nomination) Rules, 1983

3. Comments are invited from all concerned, including pensioners and pensioners' associations on the use of these Forms in place of the existing Forms. Any suggestions for making the proposed Forms more simple, user-friendly and compatible with the amended provisions of the Rules are also welcome.

4. You may forward your comments to Shri Harjit Singh, Deputy Secretary, Department of Pension & Pensioners' Welfare, at his e-mail harjit.singh59@nic.in within 15 days of its updating on the website.

Encl - Common Nomination Forms 1 and 2
sd/-
(D.K. Solanki)
Under Secretary to the Govt. of India
Tel No. 24644632
Copy to: 1. O/o CGA, 7thFloor, Lok Nayak Bhawan, Khan Market.
2. CPAO, Trikoot - II, Bhikaji Kama Place, New Delhi - 66.

with the request to expeditiously look into the Forms and send comments, if any, before 15th November, 2013.

Common Nomination Form 1
for Gratuity, GPF and Employees' Group Insurance Scheme
[See Rule 53 of CCS (Pension) Rules, 1972, Rule 5 of General Provident Fund (CS) Rules, 1960 and Para 19.7 of Employees' Group Insurance Scheme, 1980]

Head of Office,
.............................................
.............................................
.............................................

I, ................................................................, hereby nominate the person/persons mentioned below and confer on him/her/them the right to receive in the event of my death, to the extent specified below, amount on account of the following:-

i. any gratuity the payment of which may be authorized under Rule 50 of CCS (Pension) Rules
ii. amount that may stand to my credit in the General Provident Fund
iii. any amount that may be sanctioned by the Central Government under the Central Government employees Group Insurance Scheme, 1980

Name, date of
birth (DOB) and
address of the
nominee
Relat-
ionship
with
employee/
pensioner
Share
to be
paid to
each
If nominee is
minor, name,
DOB and address
of person who
may receive the
amount on behalf
of minor
Name, DOB and
address of alternate
nominee in case the
nominee under
Column (1)
predeceases the
employee/ pensioner
Relat-
ionship
with empl-
oyee/ pensi-
oner
Name, DOB and
address of
person who may
receive the
amount if
alternate
nominee in Col.
(5) is a minor
Contin-
gencyon
happening
of which
nomination
shall
become
invalid
12345678
        
        
        

 These nominations supersede any nominations made by me earlier.

Place and date:
Signature of Government servant 
Telephone No.______________
Note1
Separate copies of this nomination Form may be used for nominating different persons for different benefits (i)] (ii) and (iii) above by ticking the intended benefits and striking out the benefits for which nomination is not intended to be made.
Note2
The Government servant shall draw lines across the blank space below the last entry to prevent the insertion of any name after he/she has signed. The nominee( s)/alternate nominee( s) shares together should cover the whole amount.

(To be filled in by the Head of Office/ authorized Gazetted Officer)
 
Received the nominations, dated ..............................., under the following Rules:-
1. CCS (Pension) Rules 1972 for Gratuity
2. General Provident Fund (CS), 1960
3. Central Government employees Group Insurance Scheme, 1980

made by Shri/Smt./Kumari...................................................
Designation .............................................................
Office ......................................................................................................... .

(Strike out which nomination is not received)

Entry of receipt of nomination(s) has been made in page ....................... Volume .................... of Service Book.

Name, Signature and Designation of Head of Office/authorized Gazetted Officer with seal
Date of receipt............................... .
The receiving Officer will fill the above information and return a duly signed copy of the complete Form to the Government servant who should keep it in safe custody so that it may come into the possession of the beneficiaries in the event of his/her death.
 
The receiving officer shall put his/her dated signature on both pages of this Form.
 
Common Nomination Form 2
for Arrears of Pension and Commutation of Pension
[See Rule 5 of Payment of Arrears of Pension (Nomination) Rules, 1983, Rule 7 of CCS (Commutation of Pension) Rules, 1981]

Pension Disbursing Authority,
.......................................................
.......................................................
.......................................................

I, ................................................................, hereby nominate the person/persons mentioned below and confer on him/her/them the right to receive in the event of my death, to the extent specified below, amount on account of the following:-

i. Arrears of Pension
ii. Commuted Value of Pension

Narne, date of
birth (DOB) and
address of the
nominee
Relat-
ionship
with
employee/
pensioner
Share
to be
paid to
each
If nominee is
minor, name,
DOB and address
of person who
may receive the
amount on behalf
of minor
Name, DOB and
address of alternate
nominee in case the
nominee under
Column (1)
predeceases the
employee/ pensioner
Relat-
ionship
with
emplo-
yee/
pensi-
oner
Name,DOB
and address of
person who
may receive the
amount if
alternate
nominee in Col.
(5) is a minor
Contin-
gency on
happening
of which
nomination
shall
become
invalid
12345678
        
        
        

These nominations supersede any nominations made by me earlier.

Place and date:
Signature of Government servant 
Telephone No.
Note1Separate copies of nomination Form may be used for nominating different persons for benefits (i) and (ii) above by ticking the intended benefit and striking out the benefit which is not intended to be made.
Note2'The Government servant shall draw lines across the blank space below the last entry to prevent the insertion of any name after he/she has signed. The nominee( s)/alternate nominee( s) shares together should cover the whole amount.

(To be filled in by the Head of Office/ authorized Gazetted Officer)
 
Received the nominations, dated ..............................................., under the following Rules:-

1. Payment of Arrears of Pension (Nomination) Rules, 1983
2. CCS (Commutation of Pension) Rules, 1981

made by Shri/Smt./Kumari........................................ .
Designation ...............................................................
Office .......................................................................

(Strike out which nomination is not received)

Entry of receipt of nomination(s) has been made in page ................. Volume ......................... of Service Book.

Name, Signature and Designation of Head of Office/authorized Gazetted Officer with seal
Date of receipt............................
 
The receiving Officer will fill the above information and return a duly signed copy of the complete Form to the Government servant who should keep it in safe custody so that it may come into the possession of the beneficiaries in the event of his/her death.

The receiving officer shall put his/her dated signature on both pages of this Form.

Friday, November 1, 2013

Minutes of 44th SCM of JCM Council of CGDA: Discussion on MACP on Hierarchy, Transfer policy, LDC promotion as Auditor and more points

Minutes of 44th SCM of JCM Council of CGDA: Discussion on MACP on Hierarchy, Transfer policy, LDC promotion as Auditor and more points

CONTROLLER GENERAL OF DEFENCE ACCOUNTS
ULAN BATAR ROAD, PALAM, DELHI CANTT. -10

Subject:- Minutes of the 44th Steering Committee Meeting of III level JCM Council of the CGDA HQrs. held on 19.09.2013 at 10:30 am in Conference Hall, office of the CGDA, Ulan Batar Road, Palam, Delhi Cantt.

Present:
Shri R.K. Karna, Jt. CGDA (Admin) in Chair.

Official side:
Shri P.K. Rai, Dy. CGDA (Admin)
Shri Ambarish Barman, Sr. ACGDA (Admin)
Shri R. Renganathan, Sr.AO (Admin)
Smt. Chitra Mahendran, Sr.AO (Admin)
Shri S.C. Gupta, AO (Admin)
Shri Rajesh Kalia, AO (Admin)
Shri Shiv Kumar Rao , AAO (Admin)

Staff side:
AIDAA (CB) Pune
Shri S.N. Safai
Shri L.C.Dangi

AIDAEA (HQ) Kolkata
Shri Y. Chowdhary
Shri G.P.Dutta

1. At the outset the Chairman welcomed the staff and official side to the 44th Steering Committee Meeting.
2. The minutes of the 43rd Steering Committee Meeting held on 30.05.2013 were confirmed.
3. Action taken report on issues pending in 43rd SCM held on 30.05.2013 were made available to the staff side and following points were discussed:-

(i)    24/42nd
SCM Comprehensive transfer policy.
Reply:- Draft Transfer Policy has been displayed on CGDA's website on 28.06.2013, seeking comments of field Controllers and staff Association. The same is being received and consolidated.
It was also agreed that separate meeting will be held in HQrs. office between representatives of the staff side and Dy. CGDA (AN) 86 Sr. ACGDA(AN).
(Action: AN-IX/X Section)

(ii)    3/43rd SCM
Graduate LDC's passed departmental Examination to be promoted as Auditor with immediate effect.
Reply:- Promotion of remaining 77 Graduate LDCs passed Departmental Examination is under examination.
(Action: AN-XI Section)

(iii)    4/43rd SCM
The word "Gazetted Officer" to be deleted from the letter No. AN/XIV/14115/III/JCM/Vol-IX dated 12.04.2013 issued by CGDA office and briefcases to be provided to all employees drawing Grade pay of Rs. 4600/- and above.
Reply:- The matter is pending with the Ministry.
(Action: AN-XIV Section)

(iv)    14/43rd SCM
Publication of Roster.
The Roster in respect of Sr. Auditors, Auditors Clerks and MTS that displayed in website of CGDA appear to be incomplete in respect of information, updating etc. Moreover, no hard copy has been published.
It is urged upon the authority for publishing the final as well as updated Rosters periodically i.e. in every six months on website as well as through hard copy.
Reply:- Chairman directed to complete the data and update the Roster with a focused approach on priority.
(Action: AN-XI Section)

(v)    19/43rd SCM
Reconstitution of ROC during the period of verification of membership.
The verification of the membership starts 1st April and end of 31st July every year as per CCS(RSA) rules 1993. During this period reconstitution of JCM Council be avoided since the actual membership strength is not reflected. This Association has represented the matter before Hon'ble CGDA vide No. AIDAEA/HQ/01/CG dated 7.05.2013.
It is urged upon the authority to issue order to all concerned to refrain from reconstitution of ROC IV during the membership period.
Reply:- The issue is under process for reference to MoD/D(JCM) for clarification.
(Point dropped)

(vi)    21/43rd SCM
Promotion of Clerk to the grade of Auditor after 5 years.
There is no promotion of LDCs for more than 12 years. It was assured in the last meeting that the necessary persuasion would be made with DoP&T for revised 'Recruitment Rule'. But no result has been yield till date. In this connection it is reiterated that the HQrs. office has formulated the Recruitment Rule' unilaterally ignoring the staff side.
Therefore, it is urged upon the authority for taking necessary measure for immediate promotion of LDCs with retrospective effect without any further delay.
Reply:- The matter is being taken up with DoP&T
(Action: AN-XI Section)

(vii)    22/43rd SCM
Recruitment and promotion of Canteen Employees
The Departmental statutory Canteens are running with acute shortage of staff resulting disruption of service. It is urged upon the authority for taking necessary measure for recruitment. It is also requested to supply the Recruitment Rule.
Reply:- Chairman directed that the feasibility of Recruitment of Canteen employees within the framework of the existing RR be examined.
(Action: AN-VIII Section)

(viii)    24/43rd SCM

Stepping up of pay in respect of directly recruited Auditors and promotee Auditors.
Many stepping up cases in respect of directly recruited auditors and promotee Auditors are pending for more than two years owing to HQrs. letter No. AN/XIV/14162/6th CPC/corr/Vol-XII dated 10.01.2012 and non-issuance to the revised orders.
Reply:- Chairman directed to disseminate the available data with HQrs office in respect of appointments made on compassionate grounds on CGDA website and call for any discrepancy in this regard.
(Action: AN-XI Section)

4.    Agenda points discussed in 44th SCM:-

All India Defence Accounts Association (CB) Pun
Agenda No.Subject in briefReply
1Comprehensive transfer Policy- proposal from AIDAA (CB) Pune in this regard is already forwarded vide letter No. AIDAA/TR/policy/CGDA/2013 dated 7.08.2013.Separate meeting will be held in HQrs. office between representatives of the staff side and Dy. CGDA (AN) 86 Sr. ACGDA(AN). (Action: AN-IX/X Section)
3Discussion on Action Taken Report.Discussed.

All India Defence Accounts Employees' Association (HQ) Kolkata

Agenda No.Subject in briefReply
2Discussion and finalization of Draft Transfer Policy,Separate meeting will be held in HQrs. office between representatives of the staff side and Dy. CGDA (AN) 86 Sr. ACGDA(AN). (Action: AN-1X/X Section)

Agenda No.Subject in briefReply
5Extension of benefit to similarly placed employees. (a)Please refer to CGDA's letter No, LC/AN/XIV/13142/0A-489/2011 / S.V. Naidu dated 9.07.2013 regarding implementation of CAT Bangalore Bench Order dated 10.10.2012. (b) As per direction given by CAT Allahabad Bench the applicant AAOs have been granted Rs. 18750/-. It is urged upon the authority to extend the benefit to others also.Both the cases are sub-judice. (Point dropped)
6In case of MACP grant of Gr. Pay on hierarchy of post not Gr. Pay. In case of MACP, Gr. Pay is granted on hierarchy of the grade pay as per VI CPC recommendation. Of late, the same is granted on hierarchy of the post for ministerial staff as per court verdict. It is requested necessary measure may kindly be taken for grant of grade pay on hierarchy of post in DAD.This is being done as per guidelines 86 direction of the Department of Personnel 86 Training, Govt. of India. (Point dropped)
(Ambarish Barman)
Sr. ACGDA (AN)
All Members 86 Admin Groups
U.O. NO. AN/VI/17022/44th SCM date 29Oct., 2013
Source: www.cgda.in
[http://cgda.nic.in/adm/min_44_cgda.pdf]

AIRF writes to Railway Board for not implementing the decision of Hon'ble Supreme Court in respect of 3rd MACP to accounts staff

AIRF writes to Railway Board for not implementing the decision of Hon'ble Supreme Court in respect of 3rd MACP to accounts staff

 AIRF
All India Railwaymen's Fedaration
No.AIRF/227(213)
Dated: October 30, 2013
The Secretary(E),
Railway Board,
New Delhi

Dear Sir,

Sub: Implementation of the judgment of the Hon'able Supreme Court

Ref: (i) AIRF's letter No.AIRF/227(213) dated 26.08.2013
(ii) Board's letter No.PC-V/2011/M/3/AIRF dated 07.10.2013

Apropos above, the reply of the Railway Board, contained in their letter under reference, is highly disappointing and unacceptable to us. Mere reiteration of Board's earlier letter cannot justify the stand of the administration, as the Hon'ble Supreme Court dismissed the Special Leave Petition filed by the administration. The apex court held in the said judgment that, if any restructuring of posts takes place, it does not amount to promotion. Accordingly, the office of the FA&CAO/S&W/PER/SR vide Memorandum P.535/S&W/PER/ADMN/FIX/MACP dated 17.09.2012 accorded financial upgradation of Grade Pay of Rs.5400 to Shri V. Venkataraman, Accounts Assistant/FA&CAO/S&VV/ PER/SR. This clearly indicates that the upgradation from Jr. Accounts Asstt. to Accounts Asstt. in terms of restructuring of the posts in the ratio of 20:80 does not amount to promotion.

According to Article 141 of the Constitution of India, policy decision, delivered on the particular subject by the Hon'ble Supreme Court of India, is binding upon the Government of India.

The Board are, therefore, again urged to re-examine the issue In the light of the facts appraised above and grant the benefit of the 31d MACP(GP Rs.5400) to all the eligible Supervisory Staff whose initial appointment was CG-II/Accounts Clerk.

An early action in the matter shall be highly appreciated.
Yours faithfully,
 sd/-
(Shiva Gopal Mishra)
General Secretary
Source: AIRF
[http://www.airfindia.com/AIRF%202013/Implementation%20of%20judgment%20of%20Hon'ble%20SC%20-%20Accounts%20Staff.pdf]

Model Recruitment Rules for the various posts of Accounts Cadre-reg.

Model Recruitment Rules for the various posts of Accounts Cadre-reg.

No. AB-14017/32/2012-Estt. (RR)
Government of India
Ministry of Personnel, PG & Pensions
Department of Personnel & Training
New Delhi
Dated the 31st October, 2013
OFFICE MEMORANDUM

Subject: Model Recruitment Rules for the various posts of Accounts Cadre-reg.

The Model RRs for the posts of Junior Accounts Officer/Accountant and Accounts officer of Accounts Cadre issued by this Department have been reviewed in the light of 6th CPC recommendations.

2.  The designation with pay scale for various posts of Accounts Cadre shall be as below:-

Sr. No. Designation  Pay Scale
 1 Junior Accounts Officer/Accountant PB-2, GP-Rs. 4200
 2 Accounts Officer (i) PB-2, GP-Rs. 4600
(ii) PB-2, GP-Rs. 4800

Accordingly, the revised Model Recruitment Rules for the same are enclosed as Annexure to this Office Memorandum.

2.  Ministries/Departments may review the existing rules and notify the , revised rules conforming to the Model Recruitment Rules. These may also be forwarded to all autonomous/statutory bodies for adoption. The Ministry of Home Affairs is also requested to forward these Model RRs to the UT Administrations for appropriate action.

3. Hindi version will follow.
(Mukta Goel)
Director (Estt-I)
Source:www.persmin.nic.in

Thursday, October 31, 2013

DA from July, 2013: Payment of DA to the CDA pattern employees of 69 CPSEs governed by HPPC recommendations

DA from July, 2013: Payment of DA to the CDA pattern employees of 69 CPSEs governed by HPPC recommendations

F. No. 2(42)/97--DPE (WC) -GL-XIXV/13
Government of India
Ministry of Heavy Industries & Public Enterprises
Department of Public Enterprises
Public Enterprises Bhawan,
Block 14, CGO Complex, Lodi Road,
New Delhi-110003, the 24th October, 2013
OFFICE MEMORANDUM
Subject: Payment of DA to the CDA pattern employees of 69 CPSEs governed by HPPC recommendations.

The undersigned is directed to refer to Para No. 2 and Annexure-III to this Department's O.M. dated 24.10.1997 wherein the rates of DA payable to the employees of CPSEs following CDA pattern pay scales, who are governed by HPCC recommendations had been indicated.

2. In continuation of this Department's OM of even number dated 08.05.2013, the rates of Dearness Allowance w.e.f. 01.07.2013 payable to the employees of CPSEs governed by the recommendations of HPPC, which have not revised their pay scales in terms of DPE O.M. No. 2(54)/2 08-DPE(WC) dated 14.10.2008 may be as follows:-

a) In case of CPSEs who have not allowed the benefit of merger of 50% of DA with basic pay as contained in DPE O.M. dated 24.05.2005 to their employees, the DA payable ay be enhanced from existing rate of 216% to 233%.

b) In case of CPSEs who have allowed the benefit of merger of 50% of DA with basic pay a contained in DPE O.M. dated 24.05.2005 to their employees, the DA payable may be enhanced from existing rate of 166% to 183%.

3. The payment of Dearness Allowance involving fractions of 50 paise and above may be rounded off to the next higher rupee and the fractions of less than 50 paise may be ignored.

4.All administrative Ministries/Department of Government of India are requested to bring the foregoing to the notice of the Central Public Sector Enterprises under their administrative control for action at their end.
sd/-
(M.Subbarayan)
Director
Source: www.dpe.nic.in
[http://www.dpe.nic.in/sites/upload_files/dpe/files/glch04b145_301020130001.pdf]

A glance on "New Pension Scheme is the best retirement option"

A glance on "New Pension Scheme is the best retirement option"

The Indian population is greying. According to the latest UNFPA report, the percentage of Indians above 60 years is projected to rise to 55% by 2050. The demographics also indicate an increasing longevity owing to betterment in medical facilities. While this is good news, it also means that tomorrow's retirees will have a longer retirement and must, therefore, accumulate a bigger corpus.

Retirement planning involves disciplined saving, vigilant investment to build a sufficient retirement corpus and its judicious drawdown in the postretirement phase. The National Pension System (NPS), launched by the Pension Fund Regulatory & Development Authority, takes all these concerns into account. It is a sophisticated innovation based on the world's best practices in the pension sector.

While saving for a long-term goal such as retirement, the cost matters a lot. Over 35-40 years, the charges can shave off a significant amount from the corpus. The NPS charges fund management fees of 0.0102% for the government employees and there's a ceiling of 0.25% for the private sector. This is perhaps the lowest in the world. Other charges are also low, making the cost-adjusted returns of the NPS quite attractive. It is estimated that the total cost of the NPS, including the fund management fee, will not exceed 0.5% per year, making it the cheapest financial product in India.

The NPS is a well-regulated, transparent and flexible scheme. It has laid down prudent investing norms for fund managers, and their performance and portfolios are regularly monitored by the NPS Trust under the overall supervision of the PFRDA. The scheme offers complete flexibility. The investor decides the percentage of the corpus that goes into equity, corporate bonds and government securities. There is only a 50% cap on exposure to equity.

One of the most outstanding features of the NPS is the 'lifecycle fund. It is meant for those who are not financially aware. It is also the default option for someone who has not indicated his desired allocation. Under this option, the investor's age decides the equity exposure. The 50% allocation to equity is reduced every year by 2% after the investor turns 35, till it comes down to 10%. This is in keeping with the strategy to opt for a higher-risk , higher-return portfolio mix earlier in life. As the investor approaches retirement , he shifts to a more stable, low-risk portfolio.

This automatic rejigging of the allocation is a unique feature of the NPS. No other pension plan or mutual fund offers such a facility to investors. There are a few funds based on age, but they are one-size-fits-all solutions, not customised to the individual's age.

Another unique feature of the NPS is the tax benefit it offers under the newly added Section 80 CCD(2). Under this section, if an employer contributes 10% of the salary (basic salary plus dearness allowance) to the NPS account of the employee, this amount gets tax exemption. This is over and above the 1 lakh tax deduction under Section 80C. It's a win-win situation for both because the employer also gets tax benefit under Section 36 I (IV) A for his contribution. By putting in money in the NPS, the employer can provide an additional tax benefit to the employee by simply restructuring the salary at no extra cost.
The NPS allows one to accumulate the corpus from the age of 18 for 40-odd years. There is minimal leakage in the form of withdrawals for competing consumption expenses. This allows the investor to reap the benefits of compounding till he turns 60.

The NPS also offers the flexibility to draw up to 60% of the retirement corpus as a lump sum to meet financial life goals like children's marriages, housing, or draw down the lump sum in a staggered manner till one is 70 years old. The rest can be used to buy an annuity from any of the seven Irdaregulated annuity service providers.

The author is the Chairman of the Pension Fund Regulatory and Development Authority.

Source: Times of india

Wednesday, October 30, 2013

Appeal for revision of fixed medical allowance for the Central Govt. Pensioners

Appeal for revision of fixed medical allowance for the Central Govt. Pensioners

No.4/4/2013-P&PW (D)
GOVERNMENT OF INDIA
MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES & PENSIONS
(DEPARTMENT OF PENSION & PENSIONERS’ WELFARE)

3rd Floor, Lok Nayak Bhawan
New Delhi-110 003.
Dated the 8th July, 2013

To

Shri Harchandan Singh, Secretary General,
32, Phase-6,
Mohali-160055.

Sub:- Appeal for revision of fixed medical allowance for the Central Govt. Pensioners.
Sir,

Please refer to your letter dated 23/6/13 on the above mentioned subject. Comments item concerning this Desk is as under

2. The Govt. had on the recommendation of the 5th Central Pay Commission sanctioned Fixed Medical Allowance (FMA) @ Rs.100 p.m. as in the year 1997. After 6th Central Pay Commission this amount was raised to Rs.300 p.m. w.e,f. 1/9/2008. The demand for further enhancement of FMA was raised during the meeting with representatives of staff side (JCM) on pensionary matters held on 18/5/11. The demand has been examined in great detail. In view of the fact that the FMA was increased three-fold from Rs.100 to Rs.300 p.m. in May, 2010 (effective from 1stSeptember 2008) at a substantial cost to the exchequer, any further upgraded increase in FMA at this stage may not be appropriate given the constraint on the fiscal side. Govt. is in the interim, also contemplating introduction of Central Govt. Employees and Pensioners Health Insurance Scheme to meet the health care requirement of Central Govt. employees and pensioners. Therefore, the demand for any enhancement of FMA cannot be accepted at this juncture.

Yours faithfully,
(Deepa Anand)
Under Secretary to the Govt. of India
# 24644636

Fixation of pay on direct recruitment by UPSC: Clarification by PCA (EYS)

Fixation of pay on direct recruitment by UPSC: Clarification by PCA (EYS)

CIRCULAR
OFFICE OF THE P.C.A.(EYS)
10 A, S. K. BOSE ROAD, KOLKATA-700001

No. P/0/1/Circular                                                                              
Dt: 25-10-2013
Subject: Fixation of pay on direct recruitment by UPSC.

The issue regarding pay fixation in respect of the officers who were directly appointed through UPSC on or after 1-1-2006 and are in receipt of less pay than what they were actually drawing in their earlier department was under correspondence with the CGDA Office. However, clarification in this regard has since been received and it has been confirmed that such cases are to be treated as per provisions of FR22B(I) subject to fulfilment of the conditions inherent in FR-22B(l).

Since the pay fixation cases of those officers who have joined their respective offices on or after 1-1-2006 with due acceptance of technical resignation in previous Govt. Service and whose initial pay fixation has been done otherwise, need to be examined in the light of above clarification, it is requested to please forward the pay fixation proposals accordingly alongwith service books and supported documents for necessary action at this end.

JCA(Fys) has seen.
sd/-
ACA(Fys)
Source: http://pcafys.nic.in/files/Fixation%20of%20Pay.pdf

Tuesday, October 29, 2013

Revision of 1/3rd commutation pension i.r.o CPSE/CAB absorbee: Pensioner Portal Order

Revision of 1/3rd commutation pension i.r.o CPSE/CAB absorbee: Pensioner Portal Order

No.4/30/2010-P&PW(D)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Pension and Pensioners Welfare

Lok Nayak Bhavan, Khan Market,
New Delhi-110003,
Dated the 28th October, 2013

OFFICE MEMORANDUM

Sub: Revision of 1/3rd commuted pension portion of pension in respect of Government servants who had drawn lump sum payment on absorption in Central Public Sector Undertakings/Central Autonomous Bodies-Implements of Government's decision on the recommendations of the 6th Central Pay Commission.

The undersigned is directed to say that orders have been issued vide this Department's OM of even number dated 11.7.2013 for revision of 1/3rd restored pension of absorbees w.e.f. 1.1.2006 by multiplying pre-revised 1/3rd pension by a factor of 2.26, if it is more beneficial than the revised 1/3rd restored pension as per this Department's O.M. No.4/38/2008-P&PW(D) dated 15.9.2008. These orders have been issued in compliance of the order dated 27.9.2011 of the CAT Hyderabad Bench in OA NO.710/2010 read with their order dated 22.4.2013 in C.P. 26/2012.

2. Representations have been received from the absorbees pensioners, who had taken lump-sum payment in lieu of 100% pro-rata pension on absorption, that the benefit allowed to the absorbee pensioners in terms of
O.M. dated 11.7.2013 is not adequate. These representations have been examined in this Department. The main thrust of these representation is that the 1/3rd restored pension may be revised w.e.f. 1.1.2006 by adding dearness pension and dearness relief as on 1.1.2006 alongwith 40% fitment benefit to the pre-revised 1/3rd restored pension.

3. The matter has been examined in this Department. The instructions for revision of 1/3rd pension were issued by this Department's O.M. No.4/38/2008-P&PW(D) dated 15.9.2008, keeping in view the formula laid down by Hon'ble High Court of Andhra Pradesh in its judgement dated 24.12.2003 which was accepted in Supreme Court judgment dated 29.11.2006 and 24.7.2007.  Hon'ble CAT, Hyderabad Bench in its order dated 27.9.2011 in OA 710/2010 inter-alia observed that the a.M. dated 15.9.2008 was legally sustainable.  However, the Hon'ble CAT directed to pass an order so as to equalize the revised 1/3rd restored pension of absorbees with the revised pension of other Central Government pensioners.

4. Keeping in view the above direction of Hon'ble CAT, Hyderabad Bench, which was upheld by High Court of Andhra Pradesh and Supreme Court, orders were issued vide this Department's C.M. of even number dated 11.7.2013 to revise 1/3rd restored pension of absorbee pensioners to 2.26 times of the pre-revised 1/3rd restored pension. This is explained by the following example:
Pre-2006 full pensionPre-2006 1/3rd restored pensionRevised full pension (for DR, etc.)Revised 1/3rd restored pension in terms of OM dated 15.9.2008Revised 1/3rd  restored pension in terms of OM dated 11.7.2013
40733173920764927173

 The above formula for revision of 1/3rd pension is also in conformity with the demand made by the staff side in the meeting of National Council (JCM) held on 6.11.2012.
  5. In view of the above position, no further change in the 1/3rd restored pension of the absorbee pensioners (who had drawn lump-sum payment of absorption in Central Public Undertaking/Central Autonomous Body) is required to be made. All the representations made by the absrobee pensioners and their Associations in this regard stand disposed off accordingly. All Ministries/All Departments are requested to inform the above position to the absorbee pensioners.
sd/-
(Harjit Singh)
Deputy Secretary to the Government of India
Source: http://pensionersportal.gov.in/
[http://ccis.nic.in/WriteReadData/CircularPortal/D3/D03ppw/PPWD_291013.pdf]

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