Central Government employees taking leave on Jan 1, 2016 may face cut in salary revision

Central Government employees taking leave on Jan 1, 2016 may face cut in salary revision

New Delhi: It is bitter bill that the Central Government employees will have to swallow if they take leave on January 1, 2016.

As per the 7th Pay Commission Recommendations, taking leave on 1-1-2016 will affect the effective date of pay revision. The notification says that pay revision will be effected from 1st January 2016 only for those who are present on duty on 1st January 2016.

A Department of Para Military Forces has also informed its officials that if an employee goes on leave on 1st January 2016, the increased pay will be effected only from the date of which such employee resumes duty and not from the first of January 2016.

Hence the Central government employees planning to go on leave to celebrate New Year day or for any other reasons on 1st January 2016, have to re think about their decision.

Its advisable to check with their departments about the impact on revision of pay if they avail leave on 1st January 2016. If the department has announced January 1, 2016 as a holiday, it will be better to report to work the next day.

Source : Zee News

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Finance Ministry approved 10th Bipartite Settlement Wage Revision for Bank employees for period 1.11.2012 to 31.10.2017

Finance Ministry approved 10th Bipartite Settlement Wage Revision for Bank employees for period 1.11.2012 to 31.10.2017

Salary Revision for Officer Employees of Public Sector Banks governed by Officer’s Service Regulation – 10th Bipartite Settlement for period 1.11.2012 to 31.10.2017

Government of India
Ministry of Finance
Department of Financial Services

Jeevan Deep. IIIrd Floor,
Parliament Street, New Delhi,
Dated the June 19, 2015

To
Sh. M.V.Tanksale,
Chief Executive,
Indian Banks’ Association,
Mumbai.

Subject: Salary Revision for Officer Employees of Public Sector Banks governed by Officer’s Service Regulation – 10th Bipartite Settlement for period 1.11.2012 to 31.10.2017

Sir.
I am directed to refer to your letter No. HR&IR/KSC/GOVT/665 dated 25th May, 2015 on the above subject and to say that Government has ‘No objection‘ to IBA authorizing the Banks to pay revised salary and arrears of pay and allowances to serving officers and revised pension and arrears to existing pension optees retired w.e.f. on or after 1.11.2012 as per the provisions at the Joint Note pending amendments to the Officer’s Service Regulations/Pension Regulations subject to the provisions made by the respective banks in the particular year.

2. As regards declaring 2nd and 4th Saturday as holidays and other Saturdays as full working days is concerned. IBA may rater to this Department’s letter No. 4/1/7/2015-IR dated 2.6.2015.

3. This issues with the approval of Hon’ble Finance Minister

Yours faithfully,

(S R. Mehar)
Deputy Secretary to the Government at India

Source: http://banknewskumar.blogspot.in/

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