Top 12 updates on 3rd PRC for CPSE Employees Report of 3rd Pay Revision Committee for Central Public Sector Enterprises Effective from 1st January 2017. The Third Pay Revision Committee recommended revised pay structure for the Board-level and Below Board level executives for each of the schedule of the Central Public Sector Enterprises (CPSE). For … 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
Retirement Facilities for Employees Resigned from CPSEs Department of Public Enterprises (DPE) issued OM No. W-02/0017/2014-DPE(WC) dated 01.02.2017 clarifying the term “technical formality clause” as mentioned in point xvi) of OM No. W-02/0017/2014-DPE (WC) dated 21.05.2014. This has no effect on the provisions of the OM dated 21.05.2014. In term of para vii) read with … Read more
Superannuation Benefits Schemes for employees of CPSEs – clarification regarding Technical Formality No.W-02/0017/2014-DPE(WC)-GL-IV/17 Government of India Ministry of Heavey Industries & Public Enterprises Department of Public Enterprises Public Enterprises Bhawan Block No.1, CGO Complex, Lodhi Road, New Delhi, the 1st February, 2017 OFFICE MEMORANDUM Subject: Superannuation Benefits Schemes for employees of CPSEs – Clarification regarding … Read more