Thursday, July 9, 2015

Clarifications regarding Introduction of Pension Scheme and Post Superannuation Medical Benefits in CPSEs.



F. No. W-02/0017/2014-DPE-(WC) – GL- IX/15
Government of India
Ministry of Heavy Industries & Public Enterprises
Department of Public Enterprises

Public Enterprises Bhawan
Block No.l4, CGO Complex, Lodi Road
New Delhi, 24th June, 2015

OFFICE MEMORANDUM

Subject:- Clarifications regarding Introduction of Pension Scheme and Post Superannuation Medical Benefits in CPSEs.
The undersigned is directed to refer to this Department OM of even number dated 21.05.2014 on the above subject and to state that para (xix) in the said OM may be read as under:

“In case of Pension Scheme, ideally there should be no provision of ‘commutation’ since the provision of pension in 2007 pay revision guidelines was introduced so that employees have social security and get substantial monthly pension after superannuation”.

All other provisions of the said OM remain same.
(Samsul Haque)
Under Secretary

Source: http://dpe.nic.in/sites/upload_files/dpe/files/Pension_reg_clarifictn.pdf

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