3rd PRC Pay Fixation Principles for CPSE Executives – Orders with Pay Fixation Examples 3rd Pay Revision of Central Public Sector Enterprises of Board level executives – Procedure thereof regarding No. W-02/0035/2019-DPE (WC)-GL XIX/19 Government of India Ministry of Heavy Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan, Block No. 14, CGO … Read more
Pay Revision of Employees following CDA pattern in CPSEs – DPE Orders dt. 21.5.2018 Pay Revision of Employees following CDA pattern in Central Public Sector Enterprises (CPSEs) – Government decision on allowances etc: regarding No.W-02/0058/2016-DPE (WC)-GL-XIII/18 Government of India Ministry of Heavy Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan, Block No.14, … Read more
3rd Pay Revision for CPSE : Date of Implementation and Payment of Allowances Issue of Presidential directive, effective Date of implementation and payment of allowances. The revised pay scales will be effective from 01.01.2017(except the allowances mentioned in the paras 8 and 10 above). The Board of Directors of each CPSE would be required to … Read more
3rd Pay Revision for CPSE : Leave regulations/management Leave regulations/management: CPSEs would be allowed to frame their own leave management policies and the same can be decided based on CPSEs operational and administrative requirements subject to the principles that: a. Maximum accumulation of Earned Leave available are not permitted beyond 300 days for an employee … Read more
3rd Pay Revision for CPSE : Superannuation Benefits and Medical Benefits Superannuation Benefits: The existing provisions regarding superannuation benefits have been retained as per which CPSEs can contribute upto 30% of BP plus DA towards Provident Fund (PF), Gratuity, Post-Superannuation Medical Benefits (PRMB) and Pension of their employees. 12.1 The ceiling of gratuity of the executives … Read more
3rd Pay Revision for CPSE : Performance Related Pay (PRP) Performance Related Pay (PRP) :- The admissibility, quantum and procedure for determination of PRP has been given in Annexure- IV. The PRP model will be effective from FY 2017-18 and onwards. For the FY 2017-18, the incremental profit will be based on previous FY 2016-17. The … Read more