Thursday, 30 April 2015

Central Government Allows 5% of PF Funds to be Invested in Share Market

Central Government Allows 5% of PF Funds to be Invested in Share Market

The Central Government has allowed investing up to 5% of the Provident Fund capital in the stock market. As a result, Rs.5000 crore is expected to be released for investment this financial year. A circular from the Ministry of Labour has confirmed that 5% of the PF amount has been sanctioned for investing in the stock market.

The money will be invested in stock market based EDFs. Mr. Shankar Agarwal, the Secretary of Departmetn of Labour, said that announcements to this regard were made about two or three days ago. Rs.80,000 Crore was the total amount collected in the EPF in the financial year 2014-15. The amount is expected to cross Rs.1 lakh crore before the end of the current Financial Year. The number of persons qualified for EPF, and the amount raised, have increased after the salary limit was raised from Rs.6500 to Rs.15,000.

Agarwal has said that initially only 1% of the EPF reserve was going to be used for investments. This is going to be raised to 5% before the end of the financial year. The Ministry of Finance has suggested that between 5 to 15% of the funds can be invested in the markets. Agarwal added that since it was the first time, they are going to be very cautious and invest only 1% of the funds.

“The money is the sweat and blood of workers. We don’t want to carelessly invest it in the stock market. Hence, we have planned to invest only 5% of the money in the first stage,” he clarified.

He said that the plans are to invest only in EDFs. He added that no decision has been made about percentage of investment aimed at public sector companies. In the past, EPF, which has about 6 crore members, has been investing only in Central Government bonds.

DA Orders for CDA pattern employees of CPSEs governed by HPPC recommendation w.e.f 01.01.2015

DA Orders for CDA pattern employees of CPSEs governed by HPPC recommendation w.e.f 01.01.2015

G.I., Min. of HI & PE, Dep. of Pub. Enter., O.M.F.No.2(54)/08-DPE (WC)-GL-VII/15, dt, 17.4.2015

Subject: Payment of DA to the CDA pattern employees of CPSEs governed by HPPC recommendation w.e.f 01.01.2015.

The undersigned is directed to refer to Para No. 2 and Annexure-III to this Department’s O.M. dated 14.10.2008 wherein the rates of DA payable to the employees who are following CDA pattern pay scales had been indicated.

2. The DA payable to the employees may be enhanced from the existing rate of 107% to 113% with effect from 01.01.2015.

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. These rates are applicable in the case of CDA employees whose pay have been revised with effect from 01.01.2006 as per DPE O.M. dated 14.10.2008.

5. 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.
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Source : www.dpe.nic.in

DA Orders for Armed Forces Officers and Personnel Below Officer Rank including NCs(E) – 113% from January 2015

DA Orders for Armed Forces Officers and Personnel Below Officer Rank including NCs(E) – 113% from January 2015

G.I., Min. of Defence, O.M.F.No.1(2)/2004/D (Pay/Services), dated 16.4.2015

Subject: Payment of Dearness Allowance to Armed Forces Officers and Personnel Below Officer Rank including NCs(E) – Revised rates effective from 1st January, 2015.

Sir,

I am directed to refer to this Ministry’s letter No.1(2)/2004/ D (Pay/Services) dated 24th September 2014, on the subject cited above and to say that the President is pleased to decide that the Dearness Allowance payable to Armed Forces Officers and Personnel Below Officer Rank, including Non-Combatants (Enrolled), shall be enhanced from the existing rate of 107% to 113% with effect from 1st January, 2015.

2. The provisions contained in paras 2, 4 and 5 of this Ministry’s letter No. 1(2)/2004/D (Pay/Services) dated 25th September 2008 shall continue to be applicable while regulating Dearness Allowance under these orders.

3. The additional installment of DA payable under these orders shall be paid in cash to all Armed Forces Officers/ PBORs including NCs(E).

4. This letter issues with the concurrence of Finance Division of this Ministry vide their Dy. No. 145-PA dated 16th April, 2015 based on Ministry of Finance (Department of Expenditure) O.M. No.1/2/ 2015-E-II (B), dated 10th April, 2015.

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Source: www.cgda.nic.in

Minutes of PNM/AIRF meeting - discussion on left over items held on 20.02.2015

Minutes of PNM/AIRF meeting - discussion on left over items held on 20.02.2015

F.No.2014/E(LR)I/NM 1–9

Sub: PNM/AIRF meeting held on 12-13 December, 2014 – discussion on left over items held on 20.02.2015 in Committee Room, Rail Bhawan-Minutes thereof.
.........
The following officers and representatives of AIRF attended the meeting:

Official SideAIRF
S/Shri/Smt.
M. Akhtar, AM(Staff)
Neera Khuntia, EDPC-II
P.P. Sharma, EDE(G)
K. Shankar, DE(P&A)
D.V. Rao, DE(LL)
Anuradha Singh, D(MPP)
D. Mallik, DE/IR
S/Shri
Rakhal Das Gupta, President
Shiva Gopal Mishra, Genl. Secretary
J.R. Bhosale
Mukesh Galav
N. Kanniah


EDPC-I
5/2006: Avenues of promotion of Senior Supervisor in Scale S-13 to S-14 Group ‘B’ (Gazetted) on railways.
Official stated that the matter has been referred to Ministry of Finance. However, as agreed in the Fast Track Meeting, this will also be discussed by EDPC with the concerned officer(s) of Ministry of Finance to explain to them once again that upgradation is different from pay revision.
 
16/2008: Assured Carrier Progression Scheme applicable to Motormen of BCT division of Western Railway.
Official Side advised that Western Railway vide Board’s letter dated 04.07.2014 was asked to furnish the factual position in the matter which is still awaited. Federation told that a reply has been sent by Western Railway a day before. It was agreed to connect and examine the same. However, copy of Board’s Letter 04.07.2014 will also be given to the Federation, as desired by them.
 
30/2008: Voluntary Retirement of Drivers and Gangmen.
It was explained that the demand of Federation that staff retiring in GP `1900/- and eligible in LARSGESS and whose ward is to be appointed in the GP `1800/- may also be allowed the same eligibility conditions prescribed for railway employees retiring in `1800/- (i.e. 20 years and age bracket of 50-57 years), has already been examined and it was decided by Board that as posts in GP `1900/- are Group ‘C’ posts, relaxing the eligibility conditions to 20 years from the existing 33 years qualifying service and age bracket of 55-57 years is not feasible of acceptance. However, the other demand of constituting the Assessment Committee in respect of GP `1900/- at Divisional level has already been accepted and necessary instructions in this regard have also been issued vide Board’s letter dated 03.01.2014.
However, Federation insisted for a review on the 1st issue raised.
 
6/2009: Extra Ordinary Leave in continuation with Maternity Leave taken without production of proper medical certificate.
The provisions on the issue i.e. ‘EOL in continuation with Maternity Leave without production of Medical Certificate-treatment of this period as qualifying service’ has been reiterated vide Board’s Letter dated 11.07.2014.
(Closed)
 
10/2009: Liberalization in the Safety Related Voluntary Retirement Scheme.
Necessary instructions issued vide Board letter dated 03.01.2014.
(Closed)
 
12/2009: Grant of PCO Allowance/Incentive Bonus to technical staff supporting shops/Sections (including CMT/C&M Lab.), Drawing/Design, I.T. Power Supply and Stores etc.) – in Railway Workshops and Production Units- Treating them as part of Inspection, Planning & Planning & Progress wings of PCO.
A separate meeting with AM/PU on this issue was held on 04.12.2014. Federation desired that follow up action be advised to them.
 
7/2010: Inclusion of left out categories of the staff working in Railway Hospitals of the Indian Railways for the purview of Hospital Patient Care Allowance.
Federation was advised that two more categories i.e. Physiotherapist and Dental Hygienist are being considered under the purview of HPCA in consultation with Health Directorate of Railway Board and the Ministry of Health & Family Welfare.
However, the Federation insisted that the other categories viz., cooks, Masalchis who are allowed HPCA under the orders of Health Ministry which is the nodal Ministry in the matter, may be allowed HPCA. Their demand was noted for examination.
 
9/2010: Grant of pay scales of `5000-8000 w.e.f. 01.01.1996 to the Sub-Overseer Mistry/ Supervisor(Works), now Jr. Engineer (Works).
Federation has been replied in the matter vide Board’s Letter dated 07.07.2014 to which no further reference has been received. Federation will get back, if necessary.
 
17/2010: Payment of Transport Allowance to the staff living in Ghaziabad (Northern Railway).
It was explained to the Federation that the matter has been consulted with Ministry of Finance who have clarified that the Railway employees posted at Ghaziabad, Faridabad, Gurgaon and Noida are entitled to Transport Allowance at the rates as applicable to ‘other places’.
 
However, the Federation brought out that this has been allowed in some other offices. It was agreed to connect such orders and examine the issue.
 
27/2010: Implementation of recommendations of VI CPC – Grant of Transport allowance to Railway employees.
This issue will be discussed by the Federation with Board (MS and FC).
 
3/2011: Revision of rates of Kilometreage Allowance and Allowance in lieu of Kilometreage (ALK).
The matter is being deliberated by a committee constituted.
 
4/2011: Placement of Pharmacists in the Entry GP of `4200(non-functional grade) on completion of two years service in GP `2800 as well as grant of three MACPs to the Pharmacist category on the Indian Railways.
Reference has been made to Ministry of Finance for waiving off the overpayment made on account of erroneous grant of financial upgradation to Pharmacists. Reply from MOF is still awaited.
 
9/2011: Caretaking Allowance to Hostel Staff and merging of Caretaker posts with Ministerial Staff.
A detailed proposal for merger of caretaking staff with ministerial staff was called from IRISET which has since been received and the matter is under process.
 
10/2011: Grant of pay scale `5000–8000 (pre–revised)/ PB–II GP `4200 in new pay scales to Tower Wagon Drivers of Electrical Department.
Details regarding number of TWDs, their qualifications, scale of pay, method of selection etc. have been obtained from the Zonal Railways and the same is under examination.
 
13/2011: Grant of LAP, LHAP and Casual Leave to paramedical staff engaged to work in Railway Hospitals etc. on contract basis.
Official Side mentioned that para medical staff engaged to work on contract basis in Railway Hospital etc. are not treated as railway servants. As such they cannot be brought under the purview of leave provisions applicable to railway servants.
Federation stated that of late contract labour has been introduced in the railways and they are to be treated at par with casual labour. Federation also drew attention to Court orders on the issue of casual labour.
 
30/2011: Issue of PPOs and making entry of payment of Medical Allowance to Pensioners/ Family Pensioners.
Division - wise status of implementation of Board’s instructions dated 02.11.2012 on the issue of grant of FMA to railway pensioners has been reiterated on 08.12.2014. However, if the Federation has any specific instance of non payment by any bank, that can be taken up separately with concerned bank.
 
8/2012: Extension of second chance in the matter of Aptitude Test under LARSGESS Scheme.
Discussed.
 
18/2012: Payment of Breakdown Overtime Allowance to Mechanical Supervisors(C&W) – Mechanical Department.
Federation insisted that the demand may be considered in the light of instructions issued vide Board’s letter No.E(P&A)II -98/BDA-1 dated 25.05.1999. It was agreed to examine the matter.
 
32/2012: (A) Wrong implementation of MACP Scheme in IT Cadre.(B) Granting of financial benefit under MACP Scheme to EDP Staff.
Official Side stated that a separate meeting was held on this issue on 24.07.2013 wherein it was agreed that the Federation will provide further input after gathering information in respect of IT cadre of other Ministries. However, no input has been received from the Federation so far. Further, Federation requested for inclusion of this issue in the list of items to be discussed with MS & FC.
 
38/2012: Extension of scope of LARSGESS.
Federation insisted that the suffix ‘working on track’ in Board’s letter dated 24.03.2014 should be done away with because the same employee who has been covered under this scheme may be working at different places at different point of time and may not always be working on the track. It was agreed to examine the demand in consultation with Establishment Directorate.
 
40/2012: Earmarking of posts for promotion of Non-Appendix 3 IREM Qualified Accounts Assistants in the merged cadre of Sr. SO(A/Cs) and SO(A/Cs).
Federation requested for a meeting with Adviser (Accounts).
46/2012: (A) Payment of Running Allowance to medically de-categorised Running Staff kept on supernumerary posts.(B) Fixation of pay of medically de-categorized Running Staff while kept on supernumerary posts- Grant of benefits of Running Allowance.
Federation stated that they will reply to Board’s letter dated 12.09.2014. The demand is to be re-examined thereafter.
15/2013: (A) Proper implementation of LARSGESS in case of the candidates declared unsuitable in PET in 2010 Cycle.
(B) Minimum educational qualification for appointment under LARSGESS – Case of the wards of railway employees opted for LARSGESS in the year 2010.
(D) Alternative appointment to the wards of the railway employees under LARSGESS who failed to qualify the prescribed medical examination
Position explained to the Federation. However, Federation demanded that nonMatriculate wards should be given employment in 1S (`1300) and after six month training, they may be placed in GP `1800, which is to be examined.
23/2013: Denial of appointment under LARSGESS to the wards of railway employees working in Safety Categories.
Discussed.
(Closed)
24/2013: Payment of Special Allowance to Traffic Gatemen deployed to work on Level Crossing Gates.
The matter is under process. However, the Federation demanded that it should be done as in the case of Engg. Gates.
28-B/2013: Provision of Child Care Leave for women employees.
It was brought out by the official side that stipulation for making arrangement for leave reserve has not been laid down in the provisions on CCL by DOP&T. As such, this Ministry cannot unilaterally alter or modify the existing provisions.
However, AIRF insisted that Indian Railway being operating and industrial department the Railway Board should review and decision should be taken to facilitate women employee for forwarding them hassle free CCL .
29/2013: Stepping up of pay to Loco Running Supervisors promoted prior to 01.01.2006, viz-à-viz their juniors promoted after 01.01.2006.
Official Side stated that the matter is subjudice and is also being deliberated in Fast Track Committee. Federation demanded that recovery may be pended till the matter is finalised.
13/2014: Fixation of pay in case of financial upgradation under MACPS.
Official Side explained that while granting financial upgradation under MACP Scheme and fixation of pay in context thereof involves financial implications, it is logical that the concurrence of Associate Finance be obtained as per principles of financial propriety.
15/2014: MACP Scheme for Railway Servants – Treatment of employees selected under LDCE/GDCE Scheme – Clarification reg.
Position was explained to the Federation bringing out why the demand cannot be agreed to. However, on their insistence it was agreed to re-examine the matter.
ED(T&MPP)
1/2012: Revised Training Modules for Supervisors of Mechanical Engineering Department.
Instructions have been issued to Zonal Railways/Pus vide Board’s Letter No.E(MPP)2009/3/10 dated 28.02.2013. As regards Promotee Supervisors, instructions have been issued to Zonal Railways vide Board’s Letter No.E(MPP)2009/3/22 dated 26.09.2014.
EDE(G)
29/2011: Retention of railway quarter in favour of totally medically incapacitated railway employees.
Paper put up to Board through Finance.
47/2012: Retention of Railway accommodation at the previous place of posting in case of staff posted in newly formed Divisions.
Necessary instructions have already been issued vide Board’s Letter No.E(G)2007 QR1-5 dated 05.09.2014.
(Closed)

EDE(G)/DE(W)
21/2010: Revision in the Dress Regulations – 2004.
Discussed with both the Federations (AIRF and NFIR) and matter is under finalisation.
 
19/2011: Raising of upper age limit in case of entitlement of Privilege Passes/PTOs for dependent sons.
On the insistence of the Federation, it was agreed to review the matter and file to be put up to Member Staff.
7/2012: Implementation of various welfare schemes announced by the then Hon’bleMinister for Railway during her Rail Budget Speech.
Federation requested for details of action taken on the various recommendations as also a meeting with the Hon’ble MR before the Rail Budget. It was agreed to send them the position separately.
12/2012: Provision of Post Retirement Complimentary Passes in favour of widows of ex-railway employees.

&
1-A/2013: Provision of Post Retirement Complimentary Passes to the spouse/widow of deceased railway employees appointed on compassionate ground.
Official Side explained that the matter has been re-examined in consultation with Finance Dte. The request was, however, not considered feasible due to wider legal and administrative implications.
 
Federation requested for a separate meeting associating EDF(E).
28/2012: Sanction of Flood Relief Fund for the flood affected staff over the Indian Railways.
Managing Committee of Railway Minister’s Welfare & Relief Fund did not approve financial assistance for flood affected Railway employees residing Varanasi due to heavy rains in August, 2008 as the event/incident pertained to an earlier period and RMW&RF cannot be a source for reimbursement/refund for loss caused earlier. Furthermore, these floods were not declared as natural calamity by any appropriated authority.
 
No proposal has been received for financial assistance at Jaunpur and Mughalsarai.
 
Proposal for financial assistance at Ambala was not agreed to by SBF Calamity Relief Fund Committee.
 
Federation desired action taken in case of Vishakhapatnam calamity and J&K floods. Federation urged that fast action be taken in respect of these cases.
 
4/2013: Reduction in lower age limit of the pensioners/their widows from 65 to 60 years for entitlement of Companion in lieu of Attendant to 1st Class/1st A Class Post Retirement Complimentary Passes.
Discussed.
(Closed)
7/2014: Issue of Special Passes on medical ground in favour of two attendants in case of kid patient.
To be examined again.
10/2014: Provision of two sets of Post Retirement Complimentary Passes to retired railway employees working in GP `1800.
Official Side brought out that Finance Directorate has not agreed to the Federation’s demand. However, on their insistence, it was decided to put up the papers afresh to Member Staff.
11/2014: Entitlement of Passes to the widows as Dependent in the Passes issued to their wards – Enhancement of income limit for the same.
Position explained.
(Closed)

Source: http://www.indianrailways.gov.in/railwayboard/uploads/directorate/establishment/E%28LR%29/airf%20lo%2015-02-20.pdf

NATIONAL JOINT COUNCIL OF ACTION DECLARES NATIONWIDE INDEFINITE STRIKE FROM 23RD NOVEMBER 2015

MASSIVE AND IMPRESSIVE RALLY AND PARLIAMENT MARCH OF CENTRAL GOVERNMENT EMPLOYEES – 28.04.2015

NATIONAL JOINT COUNCIL OF ACTION DECLARES NATIONWIDE INDEFINITE STRIKE FROM 23RD NOVEMBER 2015

PRESS STATEMENT

We send herewith a copy of the resolution adopted by the massive rally of the Central Government employees held today 28.4.2015 at Jantar Mantar. New Delhi declaring that if no settlement is brought about on the ten points charter of demands, the Central Government employees in all the De-departments of the Government of India will go on indefinite strike action from 23.11.2015.

The rally was held under the chairmanship of Shri M. Raghavaiah, General Secretary, National Federation of Indian Railwaymen. Shri Shiv Gopal Mishra convenor of the NJCA conducted the proceedings. The resolution was moved by Com. K.K.N. Kutty, President, Confederation of Central Government employees and workers, New Delhi. Besides, the Chairman and Convenor of the NJCA, the other who spoke at the rally include S/Shri Rakal Dasgupta, President, All India Railwaymen Federation, Guman Singh and Bhatnagar of the National Federation of Indian Railwaymen, Shri M. Krishnan, Secretary General, Confederation of Central Government employees and workers, R.N. Parashar, Secretary General, National Federation of Postal Employees, Shri D. Theagarjan, Federation of National Postal organisations, Shri Sreekumar and Pahak of All India Defence Employees Federation, Srinivasan of the Indian National Defence Workers Federation, Harbhajan Singh Sidhu, General Secretary, HMS and many others. It was decided that the Railway and Defence Federation will take the strike ballot in the month of October, 2015. More than a lakh of workers participated in the rally. The copies of the resolution were handed over to the honourable Speaker, Lok Sabha and the Honourable Prime Minister by a delegation of the National Joint Council of Action

We shall be grateful for favour of coverage of the decision in your esteemed daily/Newspaper /weekly.

Thanking you,
Yours faithfully,
Shiv Gopal Mishra
Convenor
NATIONAL JOINT COUNCIL OF ACTION OF CENTRAL GOVERNMENT EMPLOYEES
4, STATE ENTRY ROAD,
NEW DELHI
RESOLUTION ADOPTED AT THE MASSIVE RALLY AT JANTAR MANTAR (PARLIAMENT STREET) ON 28 APRIL 2015

The massive congregation of the representatives of Central Govt Employees who have come from various parts of the country held at Jantar Mantar before the Indian Parliament on 28-04-2015 decided to commence the indefinite strike action from 23rd November 2015 from 6 AM having failed to elicit any positive response from the Government in settlement of the 10 point Charter of Demands submitted months back. It was also decided that the Railways and Defence organizations will conduct the strike Ballot as per the provision of the Industrial Disputes Act and Recognition Rules before commencing the strike from 23-11-2015.

The massive gathering adopted the resolution unanimously exhorting the central Govt. Employees to prepare for the eventual strike action in all earnestness and make it a historic one.

The meeting congratulates the employees for forging exemplary unity and carrying out various programmes chalked out by the National Joint Council of Action (NJCA) after the national convention on 11th December 2014. Even though the Govt. was compelled to set up the 7th CPC on account of the sanctions generated through the action programmes, Govt. has refused to grant Interim Relief and merger of DA and excluded the Gramin Dak Sewaks of the Postal Department from the ambit of the 7th CPC.

It is a matter of regret that in spite of public admission of non-privatisation of Indian Railways by Prime Minister of India and assurance of Minister of Railways on various occasions, including Parliament, Dr. Deb Roy Committee had submitted a report which is a clear roadmap for privatisation of IR.
The meeting noted that the Government has purposely ensured the closure of Joint Consultative Machinery, the negotiating forum set up in 1966 for Central Government Employees to discuss and bring about settlement of their demands.

The meeting chaired by Secretary (Personnel) on 25th February 2015 did not bring about settlement on any single issue of the Charter of Demands.

The meeting unanimously decided to demand before the Government to convene the meeting of National Council, JCM immediately and settle the following charter of demands, if at all it wants to avoid confrontation with its own employees.

CHARTER OF DEMANDS:

1. Effect wage revision of the Central Government Employees from 01.01.2014, accepting the memorandum of the Staff Side JCM; ensure 5-year wage revision in future; grant Interim Relief and Merger of 100% of DA. Ensure submission of the 7th CPC report within the stipulated time frame of 18 months; include the Grameen Dak Sewaks within the ambit of the 7th CPC. Settle all anomalies of the 6th CPC.
2. No privatisation, PPP or FDI in Railways and Defence Establishments and no corporatisation of postal services.
3. No Ban on recruitment/creation of post.
4. Scrap PFRDA Act and re-introduce the defined benefit statutory pension scheme.
5. No outsourcing; contractorisation, privatisation of governmental functions; withdraw the proposed move to close down the Printing Presses; the publication, form store and stationery departments and Medical Stores Depots; regularise the existing daily rated/casual and contract workers and absorption of trained apprentices.
6. Revive the JCM functioning at all levels as an effective negotiating forum for settlement of the demands of the CGEs.
7. Remove the arbitrary ceiling on compassionate appointments.
8. No labour reforms which are inimical to the interest of the workers.
9. Remove the ceiling on payment of Bonus.
10. Ensure five promotions in the service career.

The meeting authorized the National JCA to take appropriate and necessary steps needed to make the indefinite strike beginning from 23rd November 2015 an unprecedented and grand success.

(Shiva Gopal Mishra)
Convenor
28.04.2015 National Joint Council of Action
Source: Confederation

Minimum pension of Rs. 1,000/- per month in perpetuity to Pensioners of Employees’ Pension Scheme, 1995

Minimum pension of Rs. 1,000/- per month in perpetuity to Pensioners of Employees’ Pension Scheme, 1995

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for continuation of the minimum pension of Rs. 1,000/- per month to the pensioners of Employees’ Pension Scheme, 1995 (EPS) beyond the financial year 2014-15 on perpetual basis. Currently, it is effective only upto March, 2015. The Cabinet also approved corresponding grant of continuous annual budgetary support for implementing the minimum pension which will be to the tune of Rs. 850 crore per year on a tapering basis.

Providing a minimum pension of Rs. 1000/- per month is an effort to provide meaningful subsistence to pensioners who have served in the organized sector. The present proposal is likely to benefit approximately 20 lakh pensioners under EPS, 1995.

Background:
A large number of member pensioners under the EPS, 1995 receive low pensions which is not commensurate with the growing cost of living. The primary reason behind a meager pension is that it is calculated on the basis of pensionable service and average of last sixty months’ wages. If either of them is low, the pension amount will also be low. This is largely seen in cases of employees of seasonal industries. Further, pensioners who were earlier members of the erstwhile Family Pension Scheme, 1971 have been given past service benefits for determining pension as per Para 12 of the Employees’ Pension Scheme. This has resulted in fixation of low pension for these pensioners.

The Union Cabinet has in its meeting in February, 2014 accorded approval to the proposal for ensuring a minimum pension of Rs. 1,000/- per month for the pensioners of EPS for the financial year 2014-15 by way of providing budgetary support of Rs. 1217.03 crore. Based on the approval of the Union Cabinet, the Employees’ Pension Scheme, 1995 (EPS) was amended on 19.08.2014 to incorporate the provision for providing a minimum pension of Rs. 1,000/- per month for the financial year 2014-15.

After the issue of the Gazette Notification dated 19.08.2014 (with effect from 01-09-2014), the Employees’ Provident Fund Organisation (EPFO) has commenced disbursing the revised pension from the month of September, 2014. The number of pensioners who have been benefited by the minimum pension provision, which has been compiled from the actual disbursement of pension made by the offices of EPFO after the implementation of the notification, is according to the table below:

Month Number of Pensioners affected Amount as per original pension (Rs. Crore) Amount paid after Minimum Pension Notification (Rs. Crore) GOI support
September 2014 19,19,756 104.17 165.98 61.81
October 2014 19,32,515 104.14 166.99 62.84
November 2014 19,42,476 104.69 168.18 63.49
December 2014 19,47,750 106.73 170.68 63.95
January 2015 15,13,827 94.72 148.75 54.03
February 2015 16,80,533 103.00 160.15 57.15
March 2015 17,65,307 99.25 158.39 59.13

Source: PIB News

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Central Government Employees Memes Exact Situation!

Central Government Employees Memes Exact Situation! Just for Fun :) #7th CPC Memes,  #7cpc memes, #Central Government Employees ...