3rd Pay Revision for CPSE
Promotion & Annual Increment
3rd Pay Revision for CPSE : Calculation of Promotional and Annual Increment
Increment:- A uniform rate of 3% of BP will be applicable for both annual increment as well as promotion increment. The details regarding Stagnation Increment and Bunching of pay are given at Annexure-III (A) (Para 6)
Stagnation Increment: In case of reaching the end point of pay scale, an executive would be allowed to draw stagnation increment, one after every two years upto a maximum of three such increments provided the executives gets a performance rating of ‘Good’ or above.
Buchning of Pay: In CPSEs where a lower fitment benefti(i.e.10% or 5%) is granted due to affordability, there is a possibility of bunching at different grades due to revised Basic Pay failing short of reaching starting point of revised pay-scale. The revised BP due to bunching of pay in these cases would be the higher of the followings-
Adding the difference between the ‘pre-revised Basic Pay’ and ‘the minimum of the pre-revised pay scale’ to the starting point of revised pay scale.
The revised BP as arrived after applying the fitment benefit (i.e.10% or 5% of BP plus DA).
[Example for Basic Pay revision in cases of bunching in a Grade/Level]
3rd Pay Revision for CPSE : METHODOLOGY FOR PAY FIXATION
3rd Pay Revision for CPSE : INCREMENT
3rd Pay Revision for CPSE : DEARNESS ALLOWANCE
3rd Pay Revision for CPSE : HRA and HRR
3rd Pay Revision for CPSE : PERFORMANCE RELATED PAY (PRP)
3rd Pay Revision for CPSE : SUPERANNUATION BENEFITS
3rd Pay Revision for CPSE : LEAVE REGULATIONS/MANAGEMENT
3rd Pay Revision for CPSE : DATE OF IMPLEMENTATION AND PAYMENT OF ALLOWANCES