One Rank One Pension Scheme – Implementation

Implementation of One Rank One Pension Scheme – Defence Minister replied in Parliament

Implementation of One Rank One Pension Scheme

The principle of One Rank One Pension for the Armed Forces has been accepted by the Government. The modalities for implementation have been discussed with various stakeholders and are presently under consideration of the Government. It will be implemented once the modalities are approved by the Government.

This information was given by Minister of State for Defence Shri Rao Inderjit Singh in a written reply to Shri Avinash Rai Khannain Rajya Sabha today.

Source: www.7thpaycommissionnews.in

New Website of National Pension System Trust Launched

New Website of National Pension System Trust Launched

New Website of National Pension System Trust Launched; To Provide Proper and Effective Information Dissemination to the Stakeholders and Provide Ease of Access to Various Beneficiaries Under NPS

The National Pension System Trust has been set-up and constituted by Pension Fund Regulatory Development Authority (PFRDA) for taking care of the assets and funds under the National Pension System (NPS) in the interest of the beneficiaries (subscribers).

The National Pension System Trust has launched its new website www.npstrust.org.in here today.. The website was launched by Shri G. N. Bajpai, Chairman & Trustee of the Board of NPS Trust. The website is aimed to provide proper and effective information dissemination to the stakeholders and provide ease of access to various beneficiaries under NPS.

www.npstrust.org.in

About NPS Trust

The National Pension System Trust (NPS Trust) was established by PFRDA on27th February, 2008 with the execution of the NPS Trust Deed. The NPS Trust has been set up and constituted for taking care of the assets and funds under the National Pension System (NPS) in the interest of the beneficiaries (subscribers). Individual NPS subscribers shall be the beneficiaries of the NPS Trust. The NPS funds are managed by the Board of Trustees to realize and fulfill the objectives of the NPS Trust in the exclusive interest of the Subscribers.

Bank Employees Wage Revision – 10th Bipartite Wage Settlement

Bank Employees Wage Revision – 10th Bipartite Wage Settlement Comes to an End

WE ARE HAPPY TO INFORM THAT IN TODAY’S TALKS, WAGE REVISION SETTLED AT 15% (RS.4725/- CRORES) WITH EFFECTIVE FROM 01.11.2012.

2ND AND 4TH SATURDAY’S WILL BE HOLIDAYS AND OTHER SATURDAY’S WILL BE FULL WORKING DAYS.

STRIKE DEFERRED.

DETAILED CIRCULAR FOLLOWS.

Indian Banks’Association

Minutes of the discussions held on 23rd February 2015 between IBA representing

Management of banks which are parties to the Bipartite settlement and

Workmen Unions and Officers Associations on wage revision

Discussions were held between the Indian Banks’Association representing Managements of banks and the authorized representatives of Workmen Unions and Officers Associations on wage revision for officers in banks. After holding several rounds of discussions, the parties have mutually agreed as under:

1. The wage revision will be effective from 1.11.2012

2. The annual wage increase in salary and allowances @ 15% which works out to Rs.4725 crores on salary slip components.

3. The new scales will be constructed after merging dearness allowance corresponding 4440 points as on November 2011, which works out to 60.15% and adding a load factor of 2% on Basic pay plus Dearness Allowance as on 31st March 2012 amounting to around Rs.597 crores.

4. Distribution of annual wage increase between workmen unions and Officers Associations will be worked separately based on breakup of establishment expenses as on 31-3-2012.

5. Every second and fourth Saturday of the month will be a holiday and the other Saturdays will be full working days.

6. All other issues of the Managements and Unions/Associations discussed during the process of negotiation will be settled to the mutual satisfaction.

7. The parties will meet on mutually convenient dated to draw out a detailed Bipartite Settlement/Joint Note on the various issues on which consensus positions have been reached. The parties will endeavour to finalise the Bipartite Settlement/Joint Note within a period of ninety days from the date of this minutes.

Signed at Mumbai on 23rd February 2015

For Management
TM Bhasin
VR Iyer
Arundhati Bhattacharya
Rajeev Rishi
Ashwani Kumar
Arun Tiwari
Rakwshi Bethi
shyam Srinivasan
Animesh Chauhan
Ashwini Mehra
MV Tanksale
K Unnikrishnan
KS Chauhah

For Officers Association Workers Unions

All India Bank Officers Confederation
All India Bank Officers Association
Indian National Bank Officers Congress
National Organisation of Bank Officers
All India Bank Employees Association
National Confederation of India
Bank Employees Federation of India
Indian National Bank Employees Federation
National Organisation of Bank Workers

Click here to view the original 10th Bipartite Wage Revision Settlement Minutes

Source: www.7thpaycommissionnews.in

Revision of Income limit for dependency for the purpose of providing CGHS – MoD Orders

Income limit for dependency for the purpose of providing CGHS – MoD Orders

G.I., Min. of Defence, O.M.No.9(6)/2014/D(Civ-II), dated 30.12.2014

Subject: Revision of Income limit for dependency for the purpose of providing CGHS coverage to family members of the CGHS covered employees subsequent to implementation of recommendations of the VI CPC – Clarification regarding.

The undersigned is directed to refer to the above mentioned subject and to state as follow:

As per MoH&FW OM No. S-11012/1/98-CGHS(P) dared 10.12.2008 issued with the concurrence of Deptt of Expenditure vide ID No. 566/EV/2008 dated 4.11.2008 – “It has been decided , in consultation with the Department of Expenditure, to revise the income limit for the purpose of providing CGHS coverage to the family members of the CGHS covered Central Government employees to ‘Rs. 3500/- plus the amount of dearness relief on basic pension of Rs.3500/- as on the date of consideration.

The income limit for dependency of R 3500/- plus amount of the dearness relief on the basic pension of Rs.3500/- as on the dale of consideration. Shall also be applicable for the cases covered under CS(MA) Rules,1944 for the purpose of examining divisibility of family members of the Central Government employee for medical facilities under the Rules.”

2. However, the Note 1 below sub-section 1(1) of Section 4 of Swamy’s Compilation of the Medical Attendance Rules as amended vide Deptt of Expenditure ID No. 566/E.V/2008 dated 4.11.2008 states that “A member of the family is treated as dependent only if his/her incomes from all sources including pension/family pension is less than Rs. 3500/- (excluding dearness relief on the basis pension of Rs. 3500/-) “.

3. Since, the Note 1 below sub-section 1(1) of Section 4 of Swamy’s Compilation of the MA Rules is contradictory to the MoH&FW’ OM dated 10.12.2008, it is requested that the necessary clarification on the dependency of family members may be furnished to this Ministry immediately.

sd/-

(Gurdeep Singh)

Under Secretary to the Govt. of India

Source: www.7thpaycommissionnews.in

Reckoning of 30% pay element - purpose of payment for leave encashment upto 10 days to running staff

Reckoning of 30% pay element for the purpose of payment towards leave encashment upto 10 days to running staff

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)

RBE No.10 /2015

No.E(P&A)II-2011/RS-20

New Delhi, dated 12/02/2015

The General Managers,
All Indian Railways & Prod. Units etc.
(As per mailing lists No.I&II).

Sub: Reckoning of 30% pay element for the purpose of payment towards leave encashment upto 10 days to running staff.

Board have issued instructions vide letter No. F(E)III/2008/LE-I/I dated 29-10-2008 on encashment of leave while in service.

2. Some of the Zonal Railways had sought clarification whether 30% pay element is to be reckoned for the purpose of leave encashment upto 10 days of LAP to the running staff.

3. The matter has been considered by the Board and it is clarified that in the case of Running Staff, the calculation of leave encashment upto 10 days wil be done in the same manner as in the case of leave salary in terms of Rule 25(i)(k) of “The Rules for the payment of Running and other Allowances to the Running staff on Railways, 1981″

4. An illustration of the above is shown below:
(i) Basic Pay in general = Basic in Pay Band + Grade Pay = BP
(ii) Basic Pay of running staff = 130% of BP = (A)
(iii) DA rate in general = DA%
(iv) DA for running staff = DA% of (A) =(B)
(v) Leave encashment for 1 day = (A + B)/30

5. Other terms and conditions on encashment of leave will remain the same.

6. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.

7. Please acknowledge receipt.

sd/-

(K.Shankar)

Director/E(P&A)

Railway Board

Source: AIRF