Employees Provident Fund (EPF) scheme to JTOs recruited in the year 2007 and completed their training: The JTOs of 2007 batch has to carefully exercise the option for EPF. Some important points are given below for your guidance. Each employee (JTO) has to give a
1) Joined declaration signed by the employer as well as the employee has to be submitted to the EPF authorities as the contribution is done without the statutory ceiling of Rs. 6500/-.
2) There is an option for the employee to opt for minimum pension scheme or Full pension scheme. Each employee has to exercise this option carefully as in minimum pension scheme, employee will get only a small amount as pension where as in full pension scheme the employee will get very good pension as good as Govt. pension and a good amount as provident fund contributed by the employer in addition to the employees contribution. An amount equivalent to 12% of emoluments (basic +IDA) will be deducted from the salary as the employees contribution towards provident fund. BSNL will contribute 13.61% of emoluments to EPF of which 8.33% will go to pension fund and 3.67% will go to the provident fund account. In minimum pension scheme employee will get a very good amount as PF at the time of retirement. So those who are interested in bulk amount as retirement benefit, they can opt for minimum pension scheme and those who are interested in good pension they can opt for full pension. Even in full pension scheme there is a provision for commutation of pension (85%). For further guidance you may contact the SSA/Branch Secretaries. SSA/Branch secretaries are requested to give proper guidance to all the new JTOs and see that they are exercising the option correctly.
2nd April 2009CEILING ON GRATUITY: As recommended by the 2nd Pay Panel, Govt. enhanced the ceiling on gratuity to 10 lakhs and DPE issued the orders on 26-11-2008. The file in this regard send by DoT to Dept. of Pension was cleared by DoP. Now DoT will issue suitable directions to all the DoT cells enhancing the ceiling to 10 lakh. It is also learned that DoP approved it w.e.f 01-01-2006 onwards.
2nd April 2009Performance of different Circle and BSNL as a whole during March, 2009 and 2008-2009. In March, 2009 BSNL provided 25.4667 lakhs mobile connections and during 2008-09 BSNL provided 1.052 crores mobile connections. Circle wise split up >>>>>>>
2nd April 2009DPE issued orders for Revision of pay scales w.e.f 01.01.2007 as per the decision of the Cabinet for all Executives in the Central Public Sector Enterprises (CPSEs)- >>>>>>>
1st April 2009BSNL CO issued clarification on the Pay Fixation for Executives joined after 1.1.07, Executives whose increment is due in the month of January etc.>>>>>>>>>>
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