Pledging PF to buy home may soon become a reality

Pledging PF to buy home may soon become a reality Retirement fund body EPFO may soon introduce a scheme to allow its over 4 crore subscribers to pledge their provident fund to buy low-cost houses and use the account to pay equated monthly installments. “We are working on a housing scheme for members of the Employees’ Provident Fund Organisation (EPFO). Under it, members will be allowed to pledge their PF accumulations to buy homes,” Labour Secretary Shankar Aggarwal told PTI. He added that the proposal will be placed before the EPFO’s...

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Implementation of Revised Pay Rules 2016 for Defence Civilians

Implementation of Revised Pay Rules 2016 for Defence Civilians Office of the Principal controller of Defence Accounts (Central Command) Cariappa Road, Cantt., Lucknow – 226002 No.PT/3088/Pay Fixation/VIIth CPC Dated: 10-08-2016 To, The Officer -in- Charge, ——— Subject: Implementation of Revised Pay Rules 2016 for Defence Civilians. As per OM No.1-5/2016-IC dated 29.07.2016, the payment of pay and Allowances for the month of August 2016 will be made in August 2016 along with the arrears of pay from 01.01.2016 till 31.07.2016. In this...

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7th Pay Commission latest news: Gratuity limit increased to Rs 20 lakh from Rs 10 lakh

7th Pay Commission latest news: Gratuity limit increased to Rs 20 lakh from Rs 10 lakh The Central Government has unanimously increased the gratuity limit of more than 47 lakh employees to Rs 20 lakh from Rs 10 lakh. This news brings a smile on Central Government employees as they will get more money for their retirement and will also help them to shape their future plan in a much organised way. Under the 7th Pay Commission, IAS officers...

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7th CPC Revision of Pension of Pre-2016 Defence Civilian Pensioners/Family Pensioners - PCDA Cricular C-153

7th CPC Revision of Pension of Pre-2016 Defence Civilian Pensioners/Family Pensioners - PCDA Cricular C-153  PCDA Circular C-153 – Implementation of Govt’s Decisions on the recommendations of the 7th CPC Revision of pension of Pre-2016 Defence Civilian Pensioners/Family Pensioners Important circular No.C-153 No.GI/C/0199/VOL-I/Tech O/O The Pr. C.D.A.(P) Allahabad. Date 12 August, 2016 Subject: Implementation of Govt’s decisions on the recommendations of the Seventh Central Pay Commission – Revision of Pension of Pre-2016 Pensioners/Family...

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6 per cent hike in DA for Himachal govt employees, pensioners

6 per cent hike in DA for Himachal govt employees, pensioners Shimla/Dharamshala: Himachal Pradesh Chief Minister Virbhadra Singh today announced release of six per cent additional DA to employees and pensioners of the state government with effect from January 1 this year, which would cost Rs 330 crore more to the state exchequer annually. Presiding over the state-level function on the occasion of the 70th Independence Day at Solan, he said the government has already released five per cent interim relief to employees and pensioners,...

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BSNL Pensioners will get Merger of 50% DA / DR with Basic Pay / Pension

Revision of pension of BSNL pensioners/ family pensioners, who retired prior to 10.06.2013 by allowing the benefit of merger of 50% DA/ DR with Basic Pay/ pension, effectively amounting to 78.2% DA/ DR for the purpose of fitment BSNL Pensioners will get Merger of 50% DA / DR with Basic Pay / Pension No.40-13/2013-Pen (T) Government of India Ministry of Communications Department of Telecommunications Dated 18.07.2016 OFFICE MEMORANDUM Sub: Revision of pension of BSNL pensioners/ family pensioners, who retired prior to 10.06.2013 by...

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7th Central Pay Commission : Revision of pension of pre-2016 Pensioners/Family Pensioners – R.B.E. No. : 97/2016

7th Central Pay Commission : Revision of pension of pre-2016 Pensioners/Family Pensioners – R.B.E. No. : 97/2016 PC-VII No.: 04/2016 R.B.E. No. : 97/2016 GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) No.2016/F(E)III/1(1)/7 New Delhi, Dated: 10.08.2016. The GMs/FA&CA0s, All Zonal Railways/Production Units, (As per standard mailing list) Sub: Implementation of Government’s decision on the recommendations of the Seventh Central Pay Commission-Revision of pension of pre-2016 pensioners/family...

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Madhya Pradesh State Government announces to give its employees 7th Pay Commission award

Madhya Pradesh State Government announces to give its employees 7th Pay Commission award Bhopal: Madhya Pradesh Chief Minister Shivraj Singh Chouhan on the Independence Day announced to give state government employees salary and allowances as recommended by the 7th Pay Commission. Presiding over the state-level function on the occasion of the 70th Independence Day at the Motilal Nehru Stadium in the state capital, he said the state government will soon give its employees the 7th Pay Commission award. He also said the daily wagers confirmed...

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Union Minister of State Reply – No proposal to introduce any new pension scheme for retired Central Government employees

Union Minister of State Reply – No proposal to introduce any new pension scheme for retired Central Government employees Schemes for Retired Employees The pension of Central Civil Government servants appointed on or before 31.12.2003 is governed by the Central Civil Services (Pension) Rules 1972 or the corresponding Pension Rules of other Services/Departments such as All India Services and Railways. The Central Civil Government Servants appointed on or after 01.01.2004 are governed by the Defined Contribution-based Pension Scheme under...

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