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================ Blog maintained by : P. Radhamohan Nair, Private Secretary to Post Master General, (Retired) Northern Region, Calicut, Kerala Circle=================

Tuesday, July 05, 2016

Eid Mubarak



Change of date of holiday on account of Id-ul-Fitr during 2016 for all Central Government administrative offices located at Delhi / New Delhi.


                                                     F.N0.12/10/20 16-JCA2
 Government of India
Ministry of Personnel Public Grievances and Pensions
Department of Personnel and Training
 North Block, New Delhi Dated the 05 July, 2016
 OFFICE MEMORANDUM

Sub: Change of date of holiday on account of Id-ul-Fitr during 2016 for all Central Government administrative offices located at Delhi / New Delhi.


            As per list of holidays circulated vide this Ministry's 0.M.No.12 / 7 / 2015-JCA-2 dated the 11th June, 2015, the holiday on account of Id-ul-Fitr falls on Wednesday the 6th July, 2016. It has been brought to notice of this Ministry that in Delhi Id-ul-Fitr will be celebrated on 7th July, 2016. Accordingly, it has been decided to shift the Id-ul-Fitr holiday to 7th July, 2016 in place of 6th July, 2016 as notified earlier, for all Central Government administrative offices at Delhi / New Delhi.

2.         For Offices outside Delhi / New  Delhi the  Employees   Coordination Committee  or Head of Offices (where such Committees are not functioning ) can decide the date  depending upon the decision of the concerned State Government.

            Hindi version will follow.
(DEBABRATA DAS)
 Under Secretary 

7th Pay Commission Pension Calculation Table with Option 1 & 2

7th pay commission as regards beyond options pension revision 01.01.2016 – BPS
Both the options recommended by the 7th Commission as regards pension revision vide their para 10.1.67 have been accepted subject to feasibility of their implementation. Option 2 is to be implemented immediately.
In case option one is finally accepted for which ‘Bharat Pensioners Samaj’ is fighting tooth & nail, the pensioner will have the option to choose whichever is more beneficial to him/her
The objection of DOPW &MOD against option 1 is that records may not be available to implement. It is a very poor & illogical argument to deprive pensioners of their legitimate right. Service record of an employee is permanent in nature & cannot be destroyed without specific permission under specific circumstances. In case for any reason if anyone’s service record is missing it can always be reconstructed with the help of PPO, various other records with the departments & with the employee/pensioner. In 100% cases PPOs are available, in 95% cases all other records too are available. Pensioners too are having authentic records required for the purpose.
7th CPC Pension Table [Click for larger view]

Option 1 – pension of pre 2016 pensioners w.e.f 01.01.2016 (Based on the 7th cpc report chapter 10.1 and pay Matrix

For civilian Employees conditionally accepted by the govt
PB1
PB-2 
PB3
PB4
NOTE: Based on the recommendations of 7th CPC vide Para 10.1.67 of its Report, an ALL-IN ONE table for pension has been prepared from where the likely pension can be determined easily.
The table covers all the 5th CPC scales from S 4 to S 29 (except S 6) grouped in 4 PBs after 6th CPC.
These have been assigned Levels 1 to 14 in the matrix table by 7th CPC.
The table also gives pension for pensioners falling in 3 age groups i.e. upto 80 years and with additional pension @ 20% and 30% after the age of 80 and 85 respectively.
Since the pension as per option 2 may take time, the pension as per option 1 (with a factor of 2.57) may be paid in the first instance as an interim measure.
Pension as per option-1 is to be calculated on the basis of pension as fixed after 6th CPC. This being different for pensioners retiring from the same scale, the figures in the table under option -1 are according to the minimum revised basic pension as per DOP OM dated 30-7-2015. The Pension is to be finally fixed at the higher of the two Options.
In some levels like levels 6, 10, 11, 12, 13 and 14, there is no common min revised pension as per 6th CPC (differing with each scale though GP is same). The table can accommodate only one figure. Therefore, in such cases lowest of the figure has been taken as representative of the respective level.
Compiled by N.P . MOHAN C.E (Retd.) Railways ,Life member BPS &President RSCWS (An affiliate of BPS)

Option 2

Revised basic pension of as on 01.01.2016 = Existing basic pension as on 01.01.2016 X 2.57 = Revised basic pension + Nil DR as on 01.01.2016 Option 2 is to be implemented immediately
In case option one is finally accepted for which BPS is fighting tooth & nail the pensioner will have the option to choose whichever is more beneficial to him/her
 
Sd/
S.C.Maheshwari
Secy General Bharat Pensioners Samaj
Source: BPS

Premature Closure of Public Provident Fund (PPF) Account


[TO BE PUBLISHED IN THE GAZETTE OF INDIA. EXTRAORDINARY, PART II.
SECTION 3, SUB-SECTiON (i)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi. the 18th June 2016
G.S.R. . . .....(E) In exercise of the powers conferred by sub-section of (4) of section 3 of the Public Provident Fund Act 1968 (23 of 1968), the Central Government hereby makes the following scheme further to amend the Public Provident Fund Scheme, 1968, namely:-


1. (1) This Scheme may be called Public Provident Fund (Amendment) Scheme, 2016.
(2) It shall come into force on the date of its publication in the Official Gazette
2. In the Public Provident Fund Scheme, 1968, in Paragraph 9. for sub-rule 3(C). the following sub-paragraph shall be substituted, namely-
"(3C) A subscriber shall he allowed premature closure of his account or the account of a minor of whom he is the guardian. on a written application to the Accounts Office, on any of the following grounds namely:-
(i) that the amount is required for the treatment of serious ailments or like threatening diseases of the account holder. spouse or dependent children or parents. on production or supporting documents from competent medical authority,
(ii) that the amount 8 required for higher education of the account holder or the minor account holder. on production of documents and fee bills in confirmation of admission in a recognised institute of higher education in India or abroad:
Provided that such premature closure shall be allowed only after the account has completed five financial years.
Provided further that premature closure under this sub-paragraph shall be subject to deduction of such amount which shall be equivalent to one percent less interest on the interest rates as applicable from time to time in the table payable on the deposits held in the account from the date of opening of the account till the date of such premature closure. calculates in accordance with the sample calculation as shown in the table on next page:


Calculation showing the interest payable to depositor
Year
(1)
Opening Balance
(2)
Assumed Fresh Deposit
(3)
Total Amount
(4)
Rate of Interest
(5)
1% less on the applicable rate of interest
(6)
Interest accrued
(7)
Outstanding Balance
(8)
2006-07

1000.00
1000.00
8.0
7.0
70.00
1070.00
2007-08
1070.00
500.00
1570.00
8.0
7.0
109.00
1679.90
2008-09
1679.90
500.00
2179.90
8.0
7.7
167.85
2347.75
2009-10
2347.75
700.00
3047.75
8.0
7.0
213.34
3261.09
2010-11
3261.09
600.00
3861.09
8.0
7.0
270.28
4131.37
2011-12
4131.37
1000.00
5131.37
8.6
7.6
389.98
5521.36
2012-13
5521.36
1200.00
6721.36
8.8
7.8
524.27
7245.62
2013-14
7245.62
1500.00
8745.62
8.7
7.7
673.41
9419.03
2014-15
9419.03
1500.00
10919.03
8.7
7.7
840.77
11759.80
2015-16
11759.80
1000.00
12759.80
8.7
7.7
982.50
13742.30
Total
9500.00




13742.30




[F.No. 1/04/2016-NS.II]

Prashant Goyal
Joint secretary

Source: www.finmin.nic.in
[http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/Premature_ppf18162016.pdf]