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Saturday, 25 February 2017

Gratuity payment ceiling to double to Rs 20 lakh; Unions support government decision


Gratuity payment ceiling to double to Rs 20 lakh; Unions support government decision

The employees of organised sector can now be allowed to withdraw up to Rs 20 lakh from their gratuity fund. In a meeting between the labour ministry and representatives from states, employees and employers on Thursday, the decision reached to the consensus.

The central trade unions have also agreed on doubling gratuity amount ceiling as an interim measure in a tripartite meeting on the proposed amendment to Payment of Gratuity Act conducted today by the Labour Ministry.

The unions demanded the removal of conditions asking to have at least 10 employees in an establishment and minimum five years of service for payment of gratuity.

"While accepting the maximum payment limit of Rs 20 lakh as an interim measure, the unions demanded that the ceilings/ limit with respect to number of employees and years of service should be removed," the All India Trade Union Congress (AITUC) said in a statement.

It said, "The central trade unions have been urging the government that the ceiling in the amount of gratuity should be removed."

At present, as per the Payment of Gratuity Act, an employee is required to do minimum service of five years to become eligible for gratuity amount. Moreover, the Act applies to those establishments where the number of employees is not less than 10.

The statement said the application of amended provision regarding maximum amount should be made effective from January 1, 2016 as done in the case of central government employees.
Besides that rate of 15 days wages for each completed year of service be raised to 30 days wages, the unions demanded.

The proposed amendment to the Payment of Gratuity Act as circulated by the government along with the letter dated February 15, 2017 only deals with enhancing the ceiling of maximum amount under Section 4(3) of the Act from Rs 10 lakh to Rs 20 lakh, the unions said.

They pointed out during the meeting that the proposed amendment is being brought to bring the maximum ceiling amount to Rs 20 lakh in line with recommendation of 7th Central Pay Commission as accepted by the government.

The relevant amendment for central government employees was notified on July 25, 2016 and the enhanced amount ceiling was made effective from January 1, 2016.

The unions are of the view that the delay of 8 months for employees covered under the Payment of Gratuity Act should not result in adversely affecting the interest of the concerned employees.

The employers as well as state representatives also agreed to the proposal of raising the amount of gratuity to Rs 20 lakh, it said.

(With inputs from PTI)
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PFRDA eyes training 64,500 employees to create mass awareness on NPS, APY


PFRDA eyes training 64,500 employees to create mass awareness on NPS, APY

NEW DELHI: Pension regulator PFRDA has appointed IL&FS Skill Development Corporation to train 64,500 government employees and other stakeholders on various aspects of flagship schemes NPS and APY.

The training institute has been appointed to create mass awareness and impart training on National Pension System (NPS) and Atal Pension Yojna (APY) to the employees of Points of Presence, APY service providers, and corporates of North-West zone.

Nodal officers of central and state governments and those at state autonomous bodies too would be trained, said Pension Fund Regulatory and Development Authority (PFRDA).

"It is intended to have at least 50-60 participants in each session of 3-4 hours duration and conduct approximately 1,610 training sessions and train 64,500 participants in the NW zone over the next 12 months," PFRDA said while notifying the training institute.

Participants from Jammu and Kashmir, Himachal Pradesh, Uttar Pradesh, Uttaranchal, Punjab, Haryana, Bihar, Jharkhand, Chandigarh, Delhi, Goa, Gujarat, Maharashtra, Madhya Pradesh, Rajasthan, Chhattisgarh, Daman and Diu, Dadra and Nagar Haveli would be imparted training on various aspects of the two flagship social security programmes.

As on January 17, the overall number of NPS and APY subscribers stood at 1.42 crore, with Asset Under Management (AUM) of Rs 1.61 lakh crore. APY, which guarantees a monthly pension of Rs 1,000 - Rs 5,000, has about 43 lakh subscribers.

As on January 17, the overall number of NPS and APY subscribers stood at 1.42 crore, with Asset Under Management (AUM) of Rs 1.61 lakh crore. APY, which guarantees a monthly pension of Rs 1,000 - Rs 5,000, has about 43 lakh subscribers.
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Gratuity payment ceiling to double to Rs 20 lakh; Unions support government decision


Gratuity payment ceiling to double to Rs 20 lakh; Unions support government decision

The employees of organised sector can now be allowed to withdraw up to Rs 20 lakh from their gratuity fund. In a meeting between the labour ministry and representatives from states, employees and employers on Thursday, the decision reached to the consensus.

The central trade unions have also agreed on doubling gratuity amount ceiling as an interim measure in a tripartite meeting on the proposed amendment to Payment of Gratuity Act conducted today by the Labour Ministry.

The unions demanded the removal of conditions asking to have at least 10 employees in an establishment and minimum five years of service for payment of gratuity.

"While accepting the maximum payment limit of Rs 20 lakh as an interim measure, the unions demanded that the ceilings/ limit with respect to number of employees and years of service should be removed," the All India Trade Union Congress (AITUC) said in a statement.

It said, "The central trade unions have been urging the government that the ceiling in the amount of gratuity should be removed."

At present, as per the Payment of Gratuity Act, an employee is required to do minimum service of five years to become eligible for gratuity amount. Moreover, the Act applies to those establishments where the number of employees is not less than 10.

The statement said the application of amended provision regarding maximum amount should be made effective from January 1, 2016 as done in the case of central government employees.
Besides that rate of 15 days wages for each completed year of service be raised to 30 days wages, the unions demanded.

The proposed amendment to the Payment of Gratuity Act as circulated by the government along with the letter dated February 15, 2017 only deals with enhancing the ceiling of maximum amount under Section 4(3) of the Act from Rs 10 lakh to Rs 20 lakh, the unions said.

They pointed out during the meeting that the proposed amendment is being brought to bring the maximum ceiling amount to Rs 20 lakh in line with recommendation of 7th Central Pay Commission as accepted by the government.

The relevant amendment for central government employees was notified on July 25, 2016 and the enhanced amount ceiling was made effective from January 1, 2016.

The unions are of the view that the delay of 8 months for employees covered under the Payment of Gratuity Act should not result in adversely affecting the interest of the concerned employees.

The employers as well as state representatives also agreed to the proposal of raising the amount of gratuity to Rs 20 lakh, it said.

(With inputs from PTI)
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Revised Subscription Rates of RELHS as per Pay Matrix of 7th CPC

Revised Subscription Rates of RELHS as per Pay Matrix of 7th CPC

The Railway Board has decided to revise the subscription raes of Railway Employees Liberalized Health Scheme (RELHS)as per the Pay Matrix Level recommended by the 7th Pay Commission.

Following the subscription calculation method of CGHS for Central Government Employees and Pensioners, the Railway Board has now decided and published the revised subscription rates for all the group of Railway employees through its official portal.

On 9th January, 2017 the Health Ministry published the new rates of monthly subscription for availing the CGHS facility. The Central Government Pensioners have an option to get their CGHS Pensioners Card by either making CGHS contribution on an annual basis (12 Months) or by making contribution for 10 years for life time validity.

The rate of contribution to join RELHS shall be last month's basic pay drawn or the subscription rate indicated in the above table at different levels as per the 7th Pay Commission whichever is lower.

Pay Matrix LevelSubscription Rate to Join RELHS (in Rs.)
Level 1 (Grade Pay 1800)30,000
Level 2 (Grade Pay 1900)30,000
Level 3 (Grade Pay 2000)30,000
Level 4 (Grade Pay 2400)30,000
Level 5 (Grade Pay 2800)30,000
Level 6 (Grade Pay 4200)54,000
Level 7 (Grade Pay 4600)78,000
Level 8 (Grade Pay 4800)78,000
Level 9 (Grade Pay 5400)78,000
Level 10 (Grade Pay 5400)78,000
Level 11 (Grade Pay 6600)78,000
Level 12 and Above1,20,000

The revised rate of subscription as above shall be applicable to those railway employees who shall be retiring and joining RELHS on or after the date of issue of this letter(23.2.2017). Those who have already retired and are not member of RELHS shall be governed by the rules which were prevalent at the time of their retirement
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Cabinet approves release of an additional instalment of DA to Central Government employees and DR to Pensioners, due from 1.1.2019

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