Bonus 2015 - Advance against the Productivity Linked Bonus admissible for the employees of ESI Corporation

Payment of advance against the Productivity Linked Bonus admissible for the employees of ESI Corporation – 2014-15 – regarding

HEADQUARTERS OFFICE

EMPLOYEES’ STATE INSURANCE CORPORATION,

PANCHDEEP BHAWAN, CIG MARG, NEW DELHI-2

WEBSITE: wwvv.esic.nic.in IPh.-Oll-23234092.

NO.G-31/11/1/2005 – E.III

Dated: 15.10.2015

MEMORANDUM

Sub: Payment of advance against the Productivity Linked Bonus admissible for the employees of ESI Corporation – 2014-15 – regarding.

Approval of the Competent Authority is hereby communicated for the payment of advance against the Productivity Linked Bonus (PLB) equal to 60 (Sixty) days’ wages subject to the maximum of RS.7000/- (rupees seven thousand only) to the employees of the Corporation for the year 2014-15. The payment of the advance is subject to the condition that an undertaking (in the enclosed proforma) to the effect that “the advance will be adjusted against the PLB due for the year 2014-15 and any excess payment detected towards PLB for the year 2014-15 would be refunded forthwith“, shall be submitted by each eligible employee. The payment of advance is subject to the same terms and conditions that are applicable to the grant of PLB and are appended.

Payment of advance against bonus to adhoc employees and those who superannuated or retired on invalidation on medical grounds or died while in service before the last working day of February of the relevant year will be governed by the instruction issued by this office Memo. No, G-31/1 1/1/86-E.11Idated 02..03-1988, No. V-37/1 1/1/81 – E.III dated 22-02-1988 and No,G-31/11/1/88 – E.III dated 10-07-1989.

The Drawing and Disbursing Officer of the respective Regional Office/Sub-Regional Office may draw the advance aqainst the PLB in respect of staff working in outstation Branch Offices also for presentation to J.D. (F)/O. D. (F) concerned.

The Joint Director (Fin.)/Dy. Director (Fin.) will honour the bills submitted by the DDO and pay the proceeds under the existing procedure in the respective Regions/Sub-Regions.

The amount of advance against the PLB for the year 2014-15 may be paid to the eligible employees by 16.10.2015 under intimation to this office. The number of such employees who have been paid the advance may also be intimated. In case it is not possible to credit the advance amount into the bank J.Vcof the individual employee on 16.10.2015, cash payment of advance may be considered on specific request of the employee to alleviate hardship.

Hindi version will follow.

(S.K.SINHA)

DIRECTOR

Authority: www.esic.nic.in

Click to read the terms of conditions of payment of pl bonus

National Pension System for Central Government Employees

Subscriber details of CG Employees under National Pension System as on 3.10.2015

Number of subscribers and their asset details of Central Government employees under National Pension System as on 3rd October 2015 has been published by PFRDA. More than 15 lakh CG employees registered under NPS and their ‘Asset Under Management’ value have more than 42 thousand crore. All employees unions and federations including NC JCM

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

PRESS RELEASE

Assets under Management (AUM) of National Pension System (NPS) crosses Rs. 1 lac crore

NPS has been implemented for all Government Employees (except armed forces) joining Central Govt. on or after 01 January 2004. Most of the State/UT Governments have also notified the National Pension System (NPS) for their new employees. NPS has been made available to every Indian Citizen from 01st May 2009 on a voluntary basis.

Further, from 1st June 2015, the Atal Pension Yojana, has been launched which has given the much required impetus to the social security schemes Currently, NPS and APY together have more than One Crore subscribers with total Asset Under Management (AUM) of Rs.1,00,275 crores. The segment wise status of the NPS and APY as on 03.10.2015 is as under:

PFRDA has taken various steps at the policy as well as operational level to make NPS more subscriber friendly. In addition to this additional tax benefits made available exclusively to NPS has given a fillip to the scheme. This is further expected to result into a substantial increase in the subscriber base by end March 2016.

The following steps have been taken in the recent past for the convenience of the subscriber:

• The investment guidelines for NPS have been revised to expand the investment avenues for optimisation of the returns.
• Partial withdrawal upto 25% of subscriber’s own contribution for specific purposes like higher education of children, marriage of children, construction of house and specified illness have been allowed to the NPS subscribers after
  completion of 10 years in NPS.
• NPS Private Sector subscribers can continue contributing beyond 60 years upto 70 years of age.
• NPS Subscriber can defer the withdrawal of lumpsum amount upto the age of 70 years and also have the option to defer purchase of annuity upto 3 years from the date of superannuation or 60 years. The funds during this period remain invested in the system.
• The Statement of Transactions (SOT) being sent by CRA to the existing subscribers has been modified to reflect the returns of the individual subscriber since the date of account opening and also the return generated during the last
  financial year.
• To facilitate and operationalize the deposit of additional contribution of Rs.50,000/- to avail of the additional tax benefit under Section 80 CCD(1B), Government Subscribers already covered under NPS have been provided the
  facility to deposit voluntary contributions in their Tier I account through any POPSP. Government employee covered under old pension scheme can also avail this tax benefit by opening individual Tier I account through any POP-SP and contributing to the same.
• Online reset of password and facility to change mobile no. and email Id have been provided to all the NPS subscribers.
• SMS alerts on balances in the NPS account being sent to the subscribers on quarterly basis, in addition to regular monthly alerts on contribution and other changes in the PRAN.

APY scheme provides minimum Govt guaranteed monthly pension to subscribers ranging from Rs 1000 to Rs 5000. Further, Govt. of India also co-contributes 50% of the total contribution made by a subscriber during a financial year subject to maximum of Rs 1,000/- per annum for a period of five years, if eligible subscribers open the account by 31st December 2015. All Indian Citizens, in the age group of 18-40 years are eligible to join the scheme through any bank branch. About 8 lakh subscribers have joined APY till date.

Source: PFRDA

Issue of Pensioners Identity Card to Pensioners – NFIR writes to Railway Board

Issue of Pensioners Identity Card to Pensioners – NFIR writes to Railway Board

NFIR

National Federation of Indian Railways

3, Chelmsford Road, New Delhi – 110 055

No.II35/Part 11

Dated :14/10/2015

The Secretary (E),
Railway Board,
New Delhi
Dear Sir,

Sub: Issue of Pensioners Identity Card to Pensioners-reg.

Federation invites kind attention of Railway Board to the OMs No.41/21/2000-P&PW(D) dated 12th August 2015 and 20th August 2015 on the subject wherein instructions have been issued by the Government of India to all the Ministries/Departments to issue pensioners’ Identity Cards to all pensioners.Federation desired to mention that while the OM .dated 12th August 2015 has prescribed the revised format for pensioners Identity Card the O.M dated 20th August 2015 states that the Identity Card to Pensioners retiring from Central Government offices in Delhi and other Metropolitan cities and big cities may be printed as plastic cards with the help of PVC Thermal Printer with 600 DPI resolutions.The Goverment has further directed that in case such facility for printing of plastic card is not available in the office from where the employee is retiring, the pensioners identity card may be got printed locally from the market.Federations encloses copies of the two OMs referred to above reference.

NFIR therefore requests the Railway Board to issue corresponding instructions to GMs etc..for taking further action.A copy of the instructions issued may be endorsed to the Federation.

Yours faithfully

(Dr.M.Raghavaiah)

General Secretary

Source: NFIR