CPSE Pay Revision 2017 – Fitment Benefit and Methodology
The Committee recommends a uniform fitment benefit of 15% on sum of Basic Pay & Stagnation increment(s) and Industrial Dearness Allowance (IDA). Accordingly, the fitment methodology to arrive at the revised Basic Pay as on 1.1.2017 shall be as under :-
Personal Pay resulting as a consequence of the Department of Public Enterprises guidelines dated 19.7.95 on the 1992 Executive salary revision.
| A | B | C | D | |||
| Basic pay as on 31.12.96 and *Personal pay as on 1.1.92 | + | Corresponding Dearness Allowance at AICPIN 1708 (base 1960=100) as on 1.1.97 | + | Up to 20% of ‘A’ | = | Aggregate amount # |
# The new basic pay will be determined by placing the aggregate amount at Column D in the revised scale of pay. Where the aggregate amount in Column D thus arrived, does not fit into a stage in the revised scale of pay, the new basic pay will be determined by fixing the Aggregate amount at the next higher stage in the revised scale of pay.
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| Report of 3rd Pay Revision Committee for CPSEs |
| Revised Pay Scales effective from Jan 2017 |
| Fitment Benefit and Methodology –Click to read more |
| Calculation of Annual Increment –Click to read more |
| Dearness Allowance Calculation –Click to read more |
| Rates of House Rent Allowance (HRA) –Click to read more |
| Perks and Allowances –Click to read more |
| Retirement Age Recommendations –Click to read more |
| Bunching of Pay –Click to read more |
| Retirement Benefits–Click to read more |
| Voluntary Separation Scheme (VRS)–Click to read more |
| Leave Regulations –Click to read more |
| Leased Accommodation–Click to read more |
