Thursday, March 6, 2008

All it is going to be is !

The main points in the recommendations are
The number of pay scales would be reduced from existing 38 to 16
After implementation from 2006 Jan to Dec, no DA will be given. DA will be given from 2007 Jan
The retirement date of the employees will be unified as on Dec 31 irrespective of the month they joined.
The increments for all employees will be given on January. A notional increment will be given for every 3 years of service. An employee will be eligible for a maximum of three such increments
10pc of basic will go to PF
HRA - A1 cities 30pc of basic subjected to a maximum of 12000. B 1 and 2 15pc (max 8000). C 7.5pc(max 3000) Unclassified 5pc(max 2000)
CCA - A1 4pc(max 1200), A 3pc(max 900), B1 2pc(max 600), B2 1pc(max 300)
Insurance premium to be paid by different groups : A -40, B-200, C-100, D-50
Pension age to stay at 60. Maximum pension - 50pc of last salary (max 40000). Family pension -30pc(24000)
Leave encashment - 360 days
Commutation - 40pc

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