Saturday, 16 July 2016

Gazette Notification for implementation of 7th CPC

Gazette Notification for implementation of 7th CPC

Comrades,
There are lot of discussions about the date of Gazette Notification for implementation of 7th CPC & Office Memorandum, It usually takes about 15 to 20 days after cabinet approval of the pay commission report .Let us examine the 6th CPC dates.

The union cabinet gave its approval for implementation of the recommendations of the Sixth Central Pay Commission on 14th August 2008.

Gazette Notification for implementation of 6th CPC was issued on 29th August 2008 & Office Memorandum was issued on 30th August 2008, after 16 days after cabinet approval

The 7th CPC

The union cabinet gave its approval for implementation of the recommendations of the Seventh Central Pay Commission on 29th June 2016.

Hence the Gazette Notification for implementation of 7th CPC & Office Memorandum is likely issued in next week.
Comradely yours
(P.S.Prasad)
General Secretary
Source : http://karnatakacoc.blogspot.in/

NCM member writes to FM, seeks changes in 7th Pay Commission salaries

NCM member writes to FM, seeks changes in 7th Pay Commission salaries

Praveen-Davar-NCM-member-7th-CPC
NCM member Praveen Davar said that the minimum pay of Rs 18,000 is “not adequate”, while the maximum pay of Rs 2.5 lakh is “a little too much”.


New Delhi: Contending prices of essential commodities are same for all, an NCM member today urged Centre to increase salary of its lowest paid employees by Rs 4,000 and reduce that of highest paid personnel by Rs 25,000 under 7th Pay Commission to see those earning less are not affected.

In his letter to Finance Minister Arun Jaitley, National Commission for Minorities member Praveen Davar said that the minimum pay of Rs 18,000 as recommended in the 7th Pay Commission is “not adequate”, while the maximum pay of Rs 2.5 lakh is “a little too much”.

Davar though said his opinions expressed in the letter, dated July 11, was all personal and did not represent any organisation or group of individuals.

“Prices of essential commodities are equal for everyone.

But those paid lower are affected more than those drawing high salaries. It is my personal opinion that the minimum pay in the 7th Pay Commission of Rs 18,000 is not adequate. However, the maximum pay of Rs 2.5 lakh is a little too much,” he argued.

Stating that the ratio of the highest and lowest paid should be ideally 10:1, Davar said, “the minimum pay is increased to Rs 22,000 and the maximum pay is brought down to Rs 2.25 lakhs. Similar modifications can be made in the intermediately pay scales.”

The move, he said, will not only narrow the gap between highest and lowest paid, but also result in substantially reducing the financial burden on the exchequer.

Davar also criticised the decision to offer steep hike in salary of MLAs in Delhi assembly saying the move has set a “wrong” precedent.

“Why should be anyone paid far above his genuine needs?,” he asked.

PTI

NPS – Comparing pension amount (Family Pension or NPS annuity) by Government Nodal Office before processing Family Pension cases on Death/disability of subscriber

NPS – Comparing pension amount (Family Pension or NPS annuity) by Government Nodal Office before processing Family Pension cases on Death/disability of subscriber
CIRCULAR

 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
8-14/A, Chhatrapati Shivaji Bhawan
Qutab Institutional Area,
Katwaria Sarai, New Delhi-110016
Phone :   011-26517503
Fax: 011-26517507
Website :   www.pfrda.org.in
PFRDA/2016/13/Exit/05
June 22, 2016
To,
NPS Trust, CRA, Pension Funds, Trustee Bank, Govt. Nodal Offices, Annuity Service Providers and other stakeholders

Sub: Comparing pension amount(Family Pension or NPS annuity) by Government Nodal Office before processing Family Pension cases on Death/disability of subscriber

This is with reference to Regulation 6 (e) of the Pension Fund Regulatory and Development Authority (Exits and Withdrawal from National Pension System) Regulation 2015, providing for the treatment of additional benefits provided by the government like Family Pension.   In this regard, the Authority has provided guidelines for adjustment/transfer of· accumulated pension wealth in the subscribers’ account to the government nodal office in the event of the government providing an additional benefit in the nature of family pension to the family members/subscriber upon their request.

However, in order to ensure that such claimants take an informed decision on availing such family pension vis-a-vis the benefits available to them under National Pension System (NPS), it has been decided that the concerned nodal office shall obtain from CRA registered under NPS the information about the likely monthly annuity amount with the accumulated pension wealth in the subscribers account and inform the claimants along with the family pension they are eligible to get.   This is to ensure that the claimants/ family members of the subscriber/subscriber takes an informed decision in the matter of availing the benefits available to him.
The Authority is undertaking steps to provide for an annuity quote calculator on the website of CRA registered under NPS for facilitating the same and, in the interim, such nodal offices can write to CRA atnpsclaimassist@nsdl.co.in to provide the approximate pension per month that can be derived from the purchase of an annuity for the accumulated pension wealth in the subscribers account by  giving  the  PRA  number  and  other  details.    Upon  receipt  of the information   from  CRA  the  nodal  office  can  guide  the claimants appropriately based  on  the annuity  available  under NPS and the monthly  pension  that is available  under  the additional relief by way of family  pension  being  offered  to them.

Regulation  6(e) is to be read in conjunction with Regulation  3  (b) and 3  (c) of the Pension Fund Regulatory and Development  Authority   (Exits  and Withdrawal  from National Pension System) Regulation  201 Sand is applicable  only  if the concerned Central  or State  Government is offering such  additional relief  by way  of family pension  to  its employee.   It may also  be noted  that  the grant  of additional  relief  by way  of family  pension etc.,    is the sole prerogative   of the concerned Central  or State Government  entity and the Authority  has no role to play in this regard.

The clarificatory  guidelines  for  removal  of difficulty  are being  issued  by the Authority  in exercise of its powers  under  Section  14 of the  Pension  Fund Regulatory and Development  Authority  Act, 2013  read  with  Regulation 39 of  the  PFRDA (Exits and Withdrawals from National Pension System) Regulations, 2015.
(Venkateswarlu Peri)
General Manager

Flash News

Expected DA July 2017 for CG Employees and Pensioners

Expected DA July 2017 for CG Employees and Pensioners Dearness Allowance is not an attractive word among CG Employees and Pensioners ...