To make it more palatable to the employees, the government has amended certain provisions of Golden Handshake Voluntary Retirement Scheme (VRS).
Even as the VRS was introduced three years back to cut down unproductive expenditures in the chronically sick Public Sector Units in the state, it did not attract many employees.
The employees and workers in the PSUs pointed certain “lacunas” in the VRS.
The government, in order to make the scheme attractive and more palatable to the employees/workers, has made certain modifications in its provisions to remove the “anomalies” earlier pointed out by the employees.
Notably, according to sources, so far only 1500 employees have opted Golden Handshake.
According to the officials privy to the happenings as per the new scheme at least 25 per cent of the budgetary support the government provides to the corporations will be exclusively earmarked for payment of gratuity, leave enhancement and CPF/CMPF plus interest to the employees opting VRS.
The officials wishing not to be named said henceforth the respective management of the corporations would be held accountable for non-remittance of CPF/CMPF amounts.
Till now the employees opting Golden Handshake/VRS were entitled to terminal benefits of exgratia relief for every completed year of service rendered. But now the new scheme provides the terminal benefits of exgratia relief for the remaining years of the service before superannuation as well.
Official figures show that so far nearly Rs 61.24 crore has been paid from Plan and Rs 20.99 crore from Non-Plan budget on this count.
“This provision will also apply to pending cases of retired employees who have not moved to the court or if moved the final orders are still awaited,” sources said,
“Government will also include unpaid salary and pending instalments of 5th Pay Commission arrears in the VRS/GHS package,” said an official.
Source : Greater Kashmir
Friday, October 15, 2010
Subscribe to:
Post Comments
(
Atom
)
All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.
Blog Archive
-
▼
2010
(
432
)
-
▼
October
(
47
)
- D.A. for Bankers from Nov'10 onwards : View scale ...
- Jharkhand hikes 10% D.A.*********Maharastra employ...
- CPI released for Sep 2010 : DA for Bank Officers a...
- UGC Regulation : NET not must for college teachers
- J & K Arrear released : Employees reject Govt deci...
- Uttarakhand : Employees of govt-owned corporations...
- J & K to release 50% arrear of pay commission incr...
- Manipur : DR/DA for pensioners & employees announced
- Payment of Commutation Value of additional amount ...
- RBI without the purview of external audit, officer...
- Incentive system for govt employees next year: Secy
- Jammu & Kashmir Govt to release employees’ arrears...
- Gujarat School teachers get 20% hike
- Govt employees may get extra pay due to performanc...
- Tamil Nadu teachers urged the government to rectif...
- AI further advances date of payment of allowances
- BSNL hiked IDA as expected.
- Govt. employees, primary teachers in Bihar end ind...
- Manipur Cabinet approves Dearness Allowance hike
- Goa Govt. employees and teachers to get 10% hike i...
- GIC issued administrative instruction for pay revi...
- Revision of rates of Ph.D Scholarship in AICTE fun...
- Pay hike for Gujarat govt staff
- LIC/GIC Pay Hike : PSU insurance staffers get 18% ...
- J & K Govt makes VRS more palatable
- State Bank employees to get more benefit & pay hik...
- Punjab hikes DA by 10 percent, announces bonanza f...
- Assam Govt Hikes DA of State Govt Employees from 3...
- LIC/GIC Wage revision : View the Administrative In...
- No varying pay-scale if employees are in same post...
- LIC/GIC Wage revision : View the Draft Gazette Not...
- Despite loss, BSNL employees demand bonus, to wear...
- LIC wage revision agreement signed. Gazettee notif...
- AICTE Pay Revision : MP cabinet approved revised s...
- Joint Committee of MACP : Official minutes of the ...
- Punjab to pay first instalment of pay arrears to p...
- Tamil Nadu announces 16% D.A.
- Orissa Government announces 10% D.A for employees ...
- Railway employees will get 77days Productivity Lin...
- Pay hike hope for bank bosses : Finance Ministry t...
- Probable D.A. for Bank employees for Nov'10, Dec'1...
- BSNL IDA is to be hiked with effect from 1st October.
- Postal Employees to get 60 days' productivity link...
- Karnataka Government staff to get 10.25 p.c. DA hike
- Clarification reg additional pension/family pensio...
- Govt to address pension issues of armed forces per...
- Public Sector Bank employees' salary may be revise...
-
▼
October
(
47
)
No comments :
Post a Comment