Pension Rules for Employees of PSUs

Pension Rules for Employees of PSUs
Department of Public Enterprises (DPE) has issued orders which, inter alia, provide pension scheme within 30% ceiling of Basic Pay and DA. The Pension Scheme is to be framed and operated by the Central Public Sector Enterprises (CPSEs).
DPE has issued orders enhancing Gratuity to Rs. 10 lakh in respect of CPSEs employees
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Recommendations of the Fifth Central Pay Commission on scales of pay of posts of Superintending Engineers and equivalent in the Organized Group ‘A’ Engineering Service.

No. I-11012/3/2010-CRD
Government of india
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
3rd Floor, Lok Nayak Bhawan,
New Delhi- 110003.
December 29, 2010
Office Memorandum
Subject: Recommendations of the Fifth Central Pay Commission on scales of pay of posts of Superintending Engineers and equivalent in the Organized Group ‘A’ Engineering Service.pa
Attention is invited to this Department’s O.M. No.22/I/2000-CRD dated June 6, 2000 containing instructions to give effect to the recommendations of Fifth Central Pay Commission (FCPC) contained in Para 50.45 of its report to convert the Non-F unctional pre-revised pay scale of Rs. 4500-5700 (revised: Rs. 14300-18300) applicable to the Superintending Engineers and equivalent into a ‘Functional’ grade and to introduce a Non-Functional Second Grade in the scale of Rs.12000-16500 for the Executing Engineers and equivalent of All the Organized Group ‘A’ Engineering Services. These instructions were amended comprehensively vide this Department’s O.M. No. 22/1/2000-CRD dated December 20, 2000.
2. Certain amended provisions with regard to eligibility criteria for grant of functional grade of Rs. 14300-18300 (pre-revised) to the Superintending Engineers and equivalent prescribed in Sub-para I (ii) of this Department’s O.M. No. 22/I/2000-CRD dated December 20, 2000 were quashed by the Gauhati High Court in its Order dated April 1, 2009 in the Writ Appeal No. 7 of 2006. This decision has now been upheld by the Supreme Court also vide its Order dated February 11, 2010 in the Civil Appeal No. 1902 of 2010. These amended provisions were formulated in supersession of the
original provisions contained in Sub-paras 3(a), 3(b) and 3 (c) of this Department’s O.M. No. 22/1/2000-CRD dated June 6, 2000.
3. Consequently, the Sub-para 3(a) of this Department’s O.M. No. 22/1/2000- CRD dated June 6, 2000 would now read as under:
"The ‘functional’ grade of Rs. 14300-18300 shall be applicable to the posts of Superintending Engineers and equivalent that are variously designated and included in the Organised Group ‘A’ Engineering Services. Placement of Personnel in this ‘functional’ grade will, however, be subject to actual availability of vacancies in the grade. This shall be permitted only on completion of thirteen years of regular service in Group ‘A’ and regular service of fyçjr in the grade of Executive Engineer and equivalent including the service rendered in the Non-Functional Second Grade Or nine years of regular service in the grade of Executive Engineer and equivalent, including regular service, if any, rendered in the Non-Functional Second Grade for the Executive Engineer and equivalent in the pay-scale of Rs. 12000-16500.”

5. This issues with the concurrence of the Department of Expenditure vide its ID Note No. 32 (5) —E-III (B)/2010 dated August 11, 2010 and the Department of Legal Affairs vide its Dy. No.FTS-3054/IOA dated November 22, 2010.
(Pratima1Tyagi)
Deputy Secretary to the Government of India
Tel: 24622461

Pay hike for KSCB staff

The State government has issued orders revising the pay scales of employees of the Kerala State Cooperative Bank with retrospective effect from April 1, 2007.

Addressing a press conference here on Monday, Cooperation and Coir Development Minister G. Sudhakaran said the government had accepted the pay revision report of a panel headed by the Principal Secretary (Cooperatives), according to which the minimum upward revision for the last grade employee will be Rs.1,500 and that of Chief General Manager will be Rs.11,000. The KSCB will have to incur an additional burden of Rs.18 lakh a month or Rs. 2.16 crore a year. The Board of Directors had been authorised to work out the details of arrear payment.

He said the existing running master scale of Rs.6,000-37,700 had been revised to Rs.7,825-50,450. The following are the revised pay scales for various categories of employees with the existing scale in brackets: Peon/attender 7,825-20,975 (6,000-14,775), Clerk: 9,625-28,375 (7,375-19,975) Junior Assistant: 11,750-32,050 (8,925-24,775) Accounts Officer: 14,375-38,350 (10,975- 29,300), Deputy General Manager: 20,975-48,950 (15,925-36,575) Chief General Manager: 25,075-50,450 (19,250-37,700).

Employees would get 6.25 per cent fitment and 24 per cent dearness allowance along with the basic pay from the date of opting for the new scale or from April 1, 2007. The pay revision committee's recommendation for one increment for 10 years of service and two increments for 20 years service also have been accepted.

Employees would get a house rent allowance of 10 per cent of the salary, subject to a limit of Rs.2,000, besides three stagnation increments. The commission's recommendation for higher grade promotion for the sub-staff category depending on the years of service has also been accepted.

The government had sanctioned special pay for qualified employees ranging between Rs.500 to 700, over and above the pay committee's recommendation with a view to induct professionalism in its services.

The Minister pointed out that the government had sanctioned the pay revision even though the KSCB was going through difficult times. Bank Chairman Koliyakode Krishnan Nair said the bank was in the red mainly on account of the inhospitable attitude of the National Bank for Agriculture and Rural Development (Nabard), which had failed to extend refinance for farm loans. Despite this, the bank had advanced farm loans, suffering loss in interest component to the tune of Rs. 12 crore.
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