Bonus Orders 2015 : Grant of Ad-hoc Bonus to Central Government Employees for the year 2014-15

Bonus Orders 2015 : Grant of Ad-hoc Bonus to Central Government Employees for the year 2014-15

Finance Ministry issued orders today regarding Non-Productivity Linked Bonus (Ad-hoc Bonus) for Central Government Employees for the year 2014-15.

Grant of Non-Productivity Linked Bonus (Ad-hoc Bonus) to the Central Government Employees for the year 2014-15

No.7/24/2007/E III (A)
Government of India
Ministry of Finance
Department of Expenditure
E III (A) Branch

New Delhi, the October 16, 2015

OFFICE MEMORANDUM

Subject: – Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2014-15.

The undersigned is directed to convey the sanction of the President to the grant of Non-Productivity Linked Bonus (Ad-hoo Bonus) equivalent to 30 days emoluments for the accounting year 2014-15 to the Central Government employees in Groups ‘C’ and ‘D’ and all non-gazetted employees in Group ‘B’, who are not covered by any Productivity Linked Bonus Scheme. The calculation ceiling for payment of ad-hoc Bonus under these orders shall continue to be monthly emoluments of Rs. 3500/-, as hitherto. The payment of ad-hoc Bonus under these orders will also be admissible to the eligible employees of Central Para Military Forces and Armed Forces. The orders will be deemed to be extended to the employees of Union Territory Administration which follow the Central Government pattern of emoluments and are not covered by any other bonus or ex-gratia scheme.

2. The benefit will be admissible subject to the following terms and conditions:-

(i) Only those employees who were in service as on 31.3.2015 and have rendered at least six months of continuous service during the year 2014-15 will be eligible for payment under these orders. Pro-rata payment will be admissible to the eligible employees for period of continuous service during the year from six months to a full year, the eligibility period being taken in terms of number of months of service (rounded off to the nearest number of months);

(ii) The quantum of Non-PLB (ad-hoc bonus) will be worked out on the basis of average emoluments/calculation ceiling whichever is lower. To calculate Non-PLB (Ad-hoc bonus) for one day, the average emoluments in a year will be divided by 30.4 (average number of days in a month). This will thereafter be multiplied by the number of days of bonus granted. To illustrate, taking the calculation ceiling of monthly emoluments of Rs. 3500 (where actual average emoluments exceed Rs. 3500/-, Non-PLB (Ad-hoc Bonus) for thirty days would work out to Rs. 3500×30/30.4=Rs.3453.95 (rounded off to Rs.345%)

(iii) The casual labour who have worked in offices following a 6 days week for at least 240 days for each year for 3 years or more (206 days in each year for 3 years or more in the case of offices observing 5 days week), will be eligible for this Non-PLB (Ad-hoc Bonus) Payment. The amount of Non-PLB (ad-hoc bonus) payable will be (Rs.12oox30/30.4 i.e.Rs.1184.21 (rounded off to Rs.1184/). In cases where the actual emoluments fall below Rs.1200/- pm, the amount will be calculated on actual monthly emoluments.

(iv) All payments under these orders will be rounded off to the nearest rupee.

(v) The clarificatory orders issued vide this Ministry’s OM No.F.14 (10)-E. Coord/88 dated 4.10.1988, as amended from time to time, would hold good.

3. The expenditure on this account will be debitable to the respective Heads to which the pay and allowances of these employees are debited.

4. The expenditure to be incurred on account of Non-PLB (Ad-hoc Bonus) is to be met from within the sanctioned budget provision of concerned Ministries/Departments for the current year.

5. In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these orders are issued in consultation with the Comptroller and Auditor General of India.

(Amar Nath Singh)
Deputy Secretary to the Govt. of India

Authority: www.finmin.nic.in
Click to view the order inAd-hoc-bonus-order-2015-Hindi and Ad-hoc-bonus-order-2015-English

Read More

Referring the proposals for continuation of posts to Department of Expenditure: FinMin Order

Referring the proposals for continuation of posts to Department of Expenditure: FinMin Order

No. 7(3)/E.Coord-1/2015

Government of India

Ministry of Finance

Department of Expenditure

Dated, the 11th September, 2015

 

Office Memorandum

Subject: Referring the proposals for continuation of posts to Department of Expenditure-reg.

 

Reference is invited to this Department's OM No. 7(2)-E.Coord/95 dated 30.05.1995 regarding procedure for continuation/ creation of high level posts. Some Ministries/ Departments have sought clarification from this Department whether proposals for continuation of posts below JS level also require approval of this Department.

2. The matter has been considered in this Department and with the approval of Competent Authority it has been decided that, henceforth, proposals only for continuation of JS and above level posts may be referred to this Department with the approval of IFD. So far as posts below JS level are concerned, the continuation of such posts may be decided by the Department, in consultation with integrated Financial Division.

3- It is, however, clarified that if the said posts are vacant and have come into 'deemed abolition' category, they would need to be referred to this Department as per extant instructions for revival.

 

sd/-

(Ravi Katyal)

Dy. Secretary

Source: http://finmin.nic.in/the_ministry/dept_expenditure/notification/misc/proposal_continuationPost11092015.pdf

Read More

Assets under Management (AUM) of National Pension System (NPS) crosses Rs. 1 lac crore: PFRDA Press Release

Assets under Management (AUM) of National Pension System (NPS) crosses Rs. 1 lac crore: PFRDA Press Release

 

PENSION FUND REGULATORY AND DEVELOPMENT  AUTHORITY

PRESS RELEASE

Assets under Management (AUM) of National Pension System (NPS) crosses Rs. 1 lac crore

NPS has been implemented for all Government Employees (except armed forces) joining Central Govt. on or after 01 January 2004. Most of the State/UT Governments have also notified the National Pension System (NPS) for their new employees. NPS has been made available to every Indian Citizen from 01st May 2009 on a voluntary basis.

Further, from 1st June 2015, the Atal Pension Yojana, has been launched which has given the much required impetus to the social security schemes Currently, NPS and APY together have more than One Crore subscribers with total Asset Under Management (AUM) of Rs.1,00,275 crores. The segment wise status of the NPS and APY as on 03.10.2015 is as under:

Segment	No. of Subscribers	Asset Under Management (Rs. Cr.)
Central Government	15,71,136	32,381
State Governments	27,74,459	49,974
NPS-Private Sector	5,24,143	7,943
NPS-Lite/Swavalamban	44,67,733	1,865
Atal Pension Yojana (APY)	7,94,467	112
Total	1,01,31,938	1,00,275

 

PFRDA has taken various steps at the policy as well as operational level to make NPS more subscriber friendly. In addition to this additional tax benefits made available exclusively to NPS has given a fillip to the scheme. This is further expected to result into a substantial increase in the subscriber base by end March 2016.

 

The following steps have been taken in the recent past for the convenience of the subscriber:

•  The investment guidelines for NPS have been revised to expand the investment avenues for optimisation of the returns.
•  Partial withdrawal upto 25% of subscriber’s own contribution for specific purposes like higher education of children, marriage of children, construction of house and specified illness have been allowed to the NPS subscribers after completion of 10 years in NPS.
• NPS Private Sector subscribers can continue contributing beyond 60 years upto 70 years of age.
• NPS Subscriber can defer the withdrawal of lumpsum amount upto the age of 70 years and also have the option to defer purchase of annuity upto 3 years from the date of superannuation or 60 years. The funds during this period remain invested in the system.
• The Statement of Transactions (SOT) being sent by CRA to the existing subscribers has been modified to reflect the returns of the individual subscriber since the date of account opening and also the return generated during the last financial year.
•  To facilitate and operationalize the deposit of additional contribution of Rs.50,000/- to avail of the additional tax benefit under Section 80 CCD(1B), Government Subscribers already covered under NPS have been provided the facility to deposit voluntary contributions in their Tier I account through any POPSP. Government employee covered under old pension scheme can also avail this tax benefit by opening individual Tier I account through any POP-SP and contributing to the same.
•  Online reset of password and facility to change mobile no. and email Id have been provided to all the NPS subscribers.

SMS alerts on balances in the NPS account being sent to the subscribers on quarterly basis, in addition to regular monthly alerts on contribution and other changes in the PRAN.

 

APY scheme provides minimum Govt guaranteed monthly pension to subscribers ranging from Rs 1000 to Rs 5000. Further, Govt. of India also co-contributes 50% of the total contribution made by a subscriber during a financial year subject to maximum of Rs 1,000/- per annum for a period of five years, if eligible subscribers open the account by 31st December 2015. All Indian Citizens, in the age group of 18-40 years are eligible to join the scheme through any bank branch. About 8 lakh subscribers have joined APY till date.

 

Source: PFRDA
[http://pfrda.org.in/WriteReadData/Links/Approved%20Press%20Release%20Milestone%20of%201%20lac%20crores%208d3ccf28-4a6e-44e4-91ad-61e1edfa08d8.pdf]

Read More

Grant of Dearness Relief to Railway pensioners/family pensioners – Revised rate effective from 01.07.2015

Grant of Dearness Relief to Railway pensioners/family pensioners at Revised rate effective from 01.07.2015.

 

Railway Board has granted Dearness Relief to the Pensioners / family pensioners at the revised rate with effect from 01.07.2015

S.No. PC-VI/357

RBE NO. 128/2015

Government of India
Ministry of Railways
(Railway Board)

No. PC-Vl/2008/1/7/2/2
The GMs/CAO(R).
All Zonal Railways & Production Units.
(as per mailing list)

New Delhi, dated 14.10.2015

Sub: Grant of Dearness Relief to Railway pensioners/family pensioners – Revised rate effective from 01.07.2015.

A copy of Office Memorandum No.42/10/2014-P&PW (G) dated 28.09.2015 of Ministry of Personnel, Public Grievances & Pensions (Department of Pension and Pensioners· Welfare) on the above subject is enclosed for your information and necessary action. These orders will apply mutatis mutandis on the Railways also.

2. A concordance or DOP&PW’s instructions referred to in the enclosed Office Memorandum and Railway Board’s corresponding instructions are given below:-

S.No	Para . No.	No. & date of Deptt, of Pensions & Pensioners’ Welfare’s O.M.	No. & date of corresponding ordersissued by Railway Board.
1.	1.	O.M.No.42/10/2014 P&PW dated 27.04.2015.	PC-VI/2008/1/7/2/2 dated 01.05.2015
2.	2.	( i) O.M. No. 23/1 /97- P&PW (B)dated 23.02.1998 (ii) O.M. No. 23/3/2008- P&PW (B) dated l 5.09.2008	N.A.
3.	3.	( i) O.M. No. 4/59/97- P&PW (D) dated 14.07.1998 (ii) O.M. No. 4/29/99- P&PW (D)dated 12.07.2000	(i) F(E)III/96/PNI/9 dated 18.08.1998 (ii) F(E)III/96/PNI/9dated 02.08.2000
4.	5.	(i) O.M. No. 45/73/97- P&PW (G)dated 02.07.1999(ii) O.M. No. 38/88/2008-P&PW (G) dated 09.07.2009	(i) F(E)III/99/PNI/21dated  05.08.1999(ii) E)III/2008/PNI/13 dated  20.07.2009

3. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.
DA: As above

(M.K.Panda)
Jt. Director, Pay Commission
Railway Board.

F. No. 42/10/2014-P&PW(G)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Pension & Pensioners’ Welfare

3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi – 110003
D a t e : 26th Sept, 2015

OFFICE MEMORANDUM

Subject : Grant of Dearness Relief to Central Government pensioners/family pensioners – Revised rate effective from 1. 7 .2015.

The undersigned is directed to refer to this Department’s OM No. 42/10/2014- P&PW(G) dated 27’h April, 2015 on the subject mentioned above and to state that the President is pleased to decide that the Dearness Relief (DR) payable to Central Government pensioners/family pensioners shall be enhanced from the existing rate of 113% to 119% w.e.f. 1st July, 2015.

2. These orders apply to (i) All Civilian Central Government Pensioners/Family Pensioners (ii) The Armed Forces Pensioners, Civilian Pensioners paid out of the Defence Service Estimates, (iii) All India Service Pensioners (iv) Railway Pensioners and (v) The Burma Civilian pensioners/family pensioners and pensioners/families of displaced Government pensioners from Pakistan, who are Indian Nationals but receiving pension on behalf of Government of Pakistan and are in receipt of ad-hoc ex-gratia allowance of Rs. 3500/- p.m. in terms of this Department’s OM No. 23/1197-P&PW(B) dated 23.2.1998 read with this Department’s OM No. 23/3/2008- P&PW(B) dated 15.9.2008.

3. Central Government Employees who had drawn lump sum amount on absorption in a PSU/Autonomous body and have become eligible to restoration of 113rct commuted portion of pension as well as revision of the restored amount in terms of this Department’s OM No. 4/59/97- P&PW (D) dated 14.07.1998 will also be entitled to the payment of DR@ 119% w.e.f. 1.7.2015 on full pension i.e., the revised pension which the absorbed employee would have received on the date of restoration had he not drawn lump sum payment on absorption and Dearness Pension subject to fulfillment of the conditions laid down in para 5 of the O.M. dated 14.07.98. In this connection, instructions contained in this Department’s OM No.4/29/99-P&PW (D) dated 12.7.2000 refer.

4. Payment of DR involving a fraction of a rupee shall be rounded off to the next higher rupee.

5. Other provisions governing grant of DR in respect of employed family pensioners and re-employed Central Government Pensioners will be regulated in accordance with the provisions contained in this Department’s OM No. 45/73/97-P&PW (G) dated 2. 7 .1999 as amended vide this Department’s OM No. F. No. 38/88/2008-P&PW(G) dated 9th July, 2009. The provisions relating to regulation of DR where a pensioner is in receipt of more than one pension will remain unchanged.

6. In the case of retired Judges of the Supreme Court and High Courts, necessary orders will be issued by the Department of Justice separately.

7. It will be the responsibility of the pension disbursing authorities, including the nationalized banks, etc. to calculate the quantum of DR payable in each individual case.

8. The offices of Accountant General and authorised Pension Disbursing Banks are requested to arrange payment of relief to pensioners etc. on the basis of these instructions without waiting for any further instructions from the Comptroller and Auditor General of India and the Reserve Bank of India in view of letter No. 528-TA, 11/34-80-11 dated 23/04/1981 of the Comptroller and Auditor General of India addressed to all Accountant Generals and Reserve Bank of India Circular No. GANS No. 2958/GA-64 (ii) (C53L)/81 dated the 2151 May, 1981 addressed to State Bank of India and its subsidiaries and all Nationalised Banks

9. In their application to the pensioners/family pensioners belonging to Indian Audit and Accounts Department, these orders issue after consultation with the C&AG.

10. This issues with the concurrence of Ministry of Finance, Department of Expenditure vide their OM No. 1/3/2015-E.ll(B) dated 23rd September, 2015.

11. Hindi version will follow.

(Charanjit Taneja)

Under Secretary to the Government of India

Please visit this Department’s website http://pensionersportal.gov.in for the orders on pension matters including above orders.

Download Railway Board letter S.No. PC-VI/357 RBE NO. 128/2015 dated 14.10.2015

Read More