Extending the existing Productivity Linked Reward Scheme for Port and Dock employees for payment of Productivity Linked Reward from the year 2014-15 to 2015-16

Extending the existing Productivity Linked Reward Scheme for Port and Dock employees for payment of Productivity Linked Reward from the year 2014-15 to 2015-16

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, today gave its approval for extending the existing Productivity Linked Reward (PLR) Scheme for Port and Dock employees for payment of Productivity Linked Reward from the year 2014-15 to 2015-16. The payment of PLR would be made after adjusting the ad-hoc amount already paid for the year 2014-15.

The expenditure on account of PLR shall be met by the Major Port Trusts and Dock Labour Boards from their own resources without any Budgetary support from the Government.

This will benefit about 44,000 major Ports and Dock workers/employees/officer and will help ensure a better industrial relationship and congenial work atmosphere in the Port Sector apart from stimulating better productivity. The Major Port Trusts/Dock Labour Boards will be immediately informed on due dates to make payment of the PLR, as per the existing scheme to all employees/ workers/officers for the years 2014-15 and 2015-16.

PIB

Spotlight of One Rank One Pension

Spotlight of One Rank One Pension

In simple terms, OROP implies that uniform pension be paid to the Armed Forces personnel retiring in the same rank with the same length of service, regardless of their date of retirement. Future enhancements in the rates of pension would be automatically passed on to the past pensioners. This implies bridging the gap between the rate of pension of current and past pensioners at periodic intervals.

Under this definition, it has been decided that the gap between rate of pension of current pensioners and past pensioners will be bridged every 5 years.

The benefit will be given with effect from 1st July, 2014. The present government assumed office on 26th May, 2014 and therefore, it has been decided to make the scheme effective from a date immediately after.
Arrears will be paid in four half-yearly instalments. All widows, including war widows, will be paid arrears in one instalment.

To begin with, OROP would be fixed on the basis of calendar year 2013.

Pension will be re-fixed for all pensioners retiring in the same rank and with the same length of service as the average of minimum and maximum pension in 2013. Those drawing pensions above the average will be protected.

Personnel who voluntarily retire will not be covered under the OROP scheme.

In future, the pension would be re-fixed every 5 years.

Status of Cadre Review proposals processed in DoPT as on 31st July 2015

Status of Cadre Review proposals processed in DoPT from 1st January, 2011 to 31st July 2015

A. Approved by Cabinet

S.No.	Name of the Service	CRC* Meeting	Cabinet Approval
1.	CPWD Central Engineering-Service, Central Electrical Mechanical Engineering Service and Central Architecture Service	27/06/2011	03/01/2012
2.	Military Engineering Services (Indian Defence Service of Engineers, Architect Cadre and Surveyor Cadre)	22/09/2011 and 23/01/2012	18/04/2013
3.	Indian Radio Regulatory Service	19/02/2013	03/07/2013
4.	Indian Revenue Service	19/02/2013 and GoM** on 29/04/2013	23/05/2013
5.	Indian Customs & Central Excise	27/08/2013	05/12/2013
6.	Indian Cost Accounts Service	29/10/2013	02/01/2014
7.	Central Labour Service	19/02/2013	17/07/2013
8.	Central Power Engineering Service	11/12/2013	13/05/2014
9.	Indian Ordnance Factory Service	19/03/2014	29/10/2014
10.	Indian Civil Accounts Service	17/07/2013	16/01/2015
11.	Border Road Engineering Service	26/02/2015	07/04/2015
12.	Defence Aeronautical Quality Assurance Service	08/01/2015	06/05/2015
13.	Indian Trade Service	06/05/2014	01/07/2015
14.	Indian Statistical Service	24/06/2014	29/07/2015***

*CRC - Cadre Review Committee ** GoM - Group of Ministers *** Minutes awaited

B. Pending Proposals

Sl. No.	Name of the Service	Status
(i) With Cadre Controlling Authority/Ministry Concerned - CRC meeting held but Cabinet approval pending (4)
1.	Railway Protection Force	CRC meeting held on 29/07/2013. Decision with the approval of Mos (PP) and FM has been communicated to the Ministry of Railways on 09/10/2013 for taking Cabinet approval.
2,	Indian Naval Material	The CRC meeting held on 24/10/2013. Comments of DoPT on Cabinet Note have been provided on 21st January, 2015.
3.	Indian Information Service	CRC meeting held on 30/07/2014. Approval of MoS (PP) and FM has been conveyed to Ministry of Information & Broadcasting for taking Cabinet approval on 15/12/2014.
4.	DGET & Women Training Directorate	CRC Meeting held on 10/04/2015. Approval of MoS (PP) and FM Directorate has been conveyed to Ministry of Labour & Employment for taking Cabinet approval on 26/05/2015.
(ii) With Cabinet Secretariat (3)
5.	Ministry of Micro, Small and Medium Enterprises MSME	Approval of Secretary (P) & Secretary (Exp) has been obtained and the Note for Cadre Review Committee has been sent to Cabinet Secretariat
6.	Indian Postal Service	The first CRC Meeting was held on 20/07/2015. It was decided that the Cadre review proposals may be taken after the report of 7th Pay Commission is received.
7.	Indian P&T Acctt. and Fin. Service	Approval of Secretary (Expenditure) on the revised cadre strength has been obtained and Note for Cadre Review Committee has been sent to cabinet Sectt. on 27/07/2015.
(iii) With Department of Personnel & Training (10)
8.	Central Reserve Police Force	The-cadre structure is under submission in view of discussion held in meeting with MHA on 08/07/2015 and 17/07/2015
9.	Central Engineering Service (Roads)	The Proposal was received on 24/04/2014.Clarifications were sought from MoRTH, and based on reply received on 16/10/2014 a revised structure was proposed and sent to MoRTH for their comments. The proposal has been referred by the DoE with their comments on 26/06/2015. A meeting is scheduled to be held on 14/08/2015.
10.	Indian Railways Personnel Service	Comments of DoE on Work Charge posts have been received and the same is under submission.
11.	Indian Railways Accounts Service	Comments of DoE on Work Charge posts have been received and the same is under examination.
12.	Indian Railways Stores Service	-do-
13.	Indian Railways Service of Signal Engineers	-do-
14.	Indian Railways Service of Electrical Engineers	-do-
15.	Indian Railways Traffic Service	-do-
16.	Indian Railways Service of Mechanical Engineers	-do-
17.	Indian Railways Service of Engineers	-do-
(iv) With Ministry concerned for clarifications (3)
18.	Indian P&T Building Works	Clarifications are awaited from DoT.
19.	Indian Telecom Service	Proposal-received on 13/05/2015. A meeting was held under the Chairmanship of Secretary (P) on 05/06/2015 and the DoT was asked to clarify certain issues. Reply from DoT is awaited.
20.	Indian Defence Accounts Service	Proposal received on 22/05/2015. Clarification has been sought vide letter dated 23/06/2015. Reply from M/o Defence is awaited.

Note: 1. In all the remaining cadres. letters have been written to the Cadre Controlling Authorities to send the cadre review proposals for the services/cadres pertaining to their departments.

 

2. By letter dated 20/04/2015 suggestions have been invited from the cadre Controlling Authorities on Cadre Review on email id singh.mona@nic.in

 

3. A presentation dated 19/12/2014 on “Reforming Personnel management in Gujarat “has been uploaded on the site for information as it contains many new initiatives of the Government of Gujarat. Slide number 16-47 has the details of restructuring and the recruitment calendar. The link is http://persmin.gov.in/DOPT/CSWing/CRDivision/HRReforms_Guj.pdf.

 

Source: http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02adm/Sttt.pdf

PFRDA: ATAL PENSION YOJANA – BENEFITS AND FEATURES

Pension Fund Regulatory and Development Authority
First Floor, ICADR Building, Plot No 6, Institutional Area Phase II,
Vasant Kunj, New Delhi-110070

ATAL PENSION YOJANA – BENEFITS AND FEATURES

1. Anybody in the age group of 18-40 years can join !!

 

2. You can choose your pension plan from Rs 1,000/- to Rs 5,000/- per month.

 

3. Your contribution depends on your age and the pension plan you choose!

 

4. You can be a member of any existing PF/Pension scheme such as EPF/PPF/Govt. pension and still join APY!

 

5. You can be an Income tax payer and still join APY.

 

6. For (4) and (5) above, Govt. Co-contribution is not available but Govt. guarantee for pension will be available!

 

7. Govt. Co-contribution of 50% of subscribers’ contribution or Rs 1,000/- per annum, whichever is lower will be available for five years only to subscribers joining by 31st December 2015.

 

The monthly contribution chart for different age groups and pension amounts is given below:
 

 

Joining Age	Years of Contribution	Indicative Monthly Contribution under APY (Rs.)
		Monthly pension of Rs. 1000. Indicative return of corpus Rs 1.70 lacs	Monthly pension of Rs. 2000. Indicative return of corpus Rs3.40 lacs	Monthly pension of Rs. 3000. Indicative return of corpus Rs 5.10 lacs	Monthly pension of Rs. 4000. Indicative return of corpus Rs 6.80 lacs	Monthly pension of Rs. 5000. Indicative return of corpus Rs 8.50 lacs
18	42	42	84	126	168	210
19	41	46	92	138	183	228
20	40	50	100	150	198	248
21	39	54	108	162	215	269
22	38	59	117	177	234	292
23	37	64	127	192	254	318
24	36	70	139	208	277	346
25	35	76	151	226	301	376
26	34	82	164	246	327	409
27	33	90	178	268	356	446
28	32	97	194	292	388	485
29	31	106	212	318	423	529
30	30	116	231	347	462	577
31	29	126	252	379	504	630
32	28	138	276	414	551	689
33	27	151	302	453	602	752
34	26	165	330	495	659	824
35	25	181	362	543	722	902
36	24	198	396	594	792	990
37	23	218	436	654	870	1,087
38	22	240	480	720	957	1,196
39	21	264	528	792	1,054	1,318
40	20	291	582	873	1164	1454

 

SUBMIT YOUR APPLICATION FORM AT YOUR BANK BRANCH

For more information, Please call on our APY Toll free No. 1800110069

Source: PFRDA