HOLIDAY-DECEMPER 31.(KARNATAKA)

A holiday has been declared for all central and state government offices, organisations, industrial units, educational institutes (including aided institutes) in connection with the rural local body elections on December 31. Employees of all institutes, including daily wage workers, are eligible for paid leave on this day. However, the holiday is not applicable for government employees engaged in election related work and emergency services.

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source-http://www.thehindu.com/todays-paper/tp-national/tp-karnataka/article1012558.ece

Swavalamban Benefit for NPS Account Holders

Swavalamban Benefit for NPS Account Holders
Eligible Account Holders are Required to Submit Declaration form to the PoPs

Under the Swavalamban guidelines approved by the Govt. of India, all NPS accounts opened in 2009-10 will be entitled to the benefit of Government co-contribution of Rs. 1,000 subject to fulfilling the prescribed eligibility criteria. A list of eligible account holders is available on the Website of Pension Fund Regulatory & Development Authority (PFRDA) as well as the concerned PoPs.
The PFRDA has requested the concerned NPS account holders to submit the requisite declaration form to the PoPs at the earliest to avail of the Swavalamban benefit. A copy of the Swavalamban declaration form can be downloaded from the website of the PFRDA / PoPs / NSDL.

source-http://pib.nic.in/newsite/erelease.aspx?relid=68755

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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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