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CPSE Pay Revision 2017 – Fitment Benefit and Methodology

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.

CPSE Revised Pay Tables

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Report of 3rd Pay Revision Committee for CPSEs
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Fitment Benefit and Methodology –Click to read more
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