What is there for CPSU employees in 7th Pay commission

DPE constitutes 3rd Pay Revision Committee (3rd PRC) for pay revision of CPSE Employees wef 01.01.2017

While at the constitution of the 7th commission government promises significant increases in pay for government employees during an election year,but it significantly increases the fiscal burden on the central and state governments. The implementation of the 6th Pay Commission increased salaries by 21% resulting in an additional annual burden of nearly Rs 18,000 crore for the Union government, besides a pay out of Arrears of Rs 30,000 crore.

BSNL Employees Union has finalised its draft memorandum for the next pay revision

Salary Comparison Private Sector and PSU

The next set of recommendations for 7th CPC is likely to be implemented from January 1, 2016. The announcement also raises hopes for tens of millions of Central PSU employees. Here have a look at what the Sixth Pay Commission recommended for the pay revision of the PSU employees.

The Sixth Pay Commission, headed by justice BN Srikrishna, was constituted on 5 October 2006. It submitted its report on 24 March 2008, but its recommendations were implemented retrospectively from 1 January 2006. The report led to a 6 percentage points increase in dearness allowance for central government employees from 16 percent to 22 percent. The Sixth Pay Commission made certain recommendations on pay scales and allowances keeping in view the concepts which are in existence in PSUs such as percentage based increments, introduction of performance related incentives, interest subsidy on loans, voluntary retirement schemes, etc.

Under the Terms of Reference, the Commission had to take into account, among other factors, the prevailing pay structure and retirement benefits available under the CPSEs. The Fourth Pay Commission was similarly required under its terms of reference to take into account the pay structure under the PSUs.

Previous Pay commissions and their recommendations

Although comparison with the public sector was not part of the terms of reference of the Fifth Pay Commission, they did collect information from various PSUs for the purpose of making a fair comparison and an assessment of the general climate of wage revisions in the country. Both the Fourth and Fifth Pay Commissions found that the public sector itself was not a homogenous unit or group for comparison of emoluments. They observed that there were several differences in terms of total benefits and emoluments of employees in the Central Government and PSUs and it was, therefore, difficult to compare the emoluments of Central Government employees and those in PSUs.

Fourth Pay Commission concluded that the pay structure of Central government employees cannot be based on a simple comparison of the pay scales of posts at the lowest level in the Public Sector Undertakings. The PSUs were created by Government for specified purposes and had adopted their own pay structure. The nature of work and conditions of service were different. The Manmohan Singh led UPA government formed the Seventh Pay Commission on 28 February 2014 under chairman justice Ashok Kumar Mathur with a timeline of 18 months to make its recommendations.

PSU Pay Scales after Pay revision

The department of public enterprises (DPE) functions as the nodal department on the policy related to wage settlement of unionized employees, non-unionized supervisors, executives and board members. The public enterprises are categorized in 4 schedules viz. A, B, C and D based on quantitative factors like investment, capital employed, net sales, profit before tax, number of employees, etc. The DPE's recommendations for seventh pay commission will affect Millions of employees working in following Public Sector enterprises. A number of wage hike projections are going round presuming a uniform multiplying factor band between 2.5 and 3.5 taking into account the initial pay scales.

Why Guess? Click Here and calculate your estimated basic after 7th CPC

(as on 26 October, 2014)

Maharatna CPSEs

Bharat Heavy Electricals Limited

Coal India Limited GAIL (India) Limited

Indian Oil Corporation Limited

NTPC Limited

Oil & Natural Gas Corporation Limited

Steel Authority of India Limited

Navratna CPSEs

Bharat Electronics Limited

Bharat Petroleum Corporation Limited

Container Corporation of India Limited

Engineers India Limited

Hindustan Aeronautics Limited

Hindustan Petroleum Corporation Limited

Mahanagar Telephone Nigam Limited

National Aluminium Company Limited

National Buildings Construction Corporation Limited

NMDC Limited

Neyveli Lignite Corporation Limited

Oil India Limited

Power Finance Corporation Limited

Power Grid Corporation of India Limited

Rashtriya Ispat Nigam Limited

Rural Electrification Corporation Limited

Shipping Corporation of India Limited

Miniratna Category - I CPSEs

Airports Authority of India

Antrix Corporation Limited

Balmer Lawrie & Co. Limited

Bharat Coking Coal Limited

Bharat Dynamics Limited BEML Limited

Bharat Sanchar Nigam Limited

Bridge & Roof Company (India) Limited

Central Warehousing Corporation Central Coalfields Limited

Chennai Petroleum Corporation Limited

Cochin Shipyard Limited

Dredging Corporation of India Limited Kamarajar Port Limited

Garden Reach Shipbuilders & Engineers Limited Goa Shipyard Limited

Hindustan Copper Limited HLL

Lifecare Limited Hindustan Newsprint Limited

Hindustan Paper Corporation Limited

Housing & Urban Development Corporation Limited

India Tourism Development Corporation Limited

Indian Rare Earths Limited Indian Railway Catering & Tourism Corporation Limited

IRCON International Limited KIOCL Limited

Mazagaon Dock Limited Mahanadi Coalfields Limited Manganese Ore (India) Limited

Mangalore Refinery & Petrochemical Limited

Mishra Dhatu Nigam Limited MMTC Limited MSTC Limited

National Fertilizers Limited National Seeds Corporation Limited

NHPC Limited

Northern Coalfields Limited

North Eastern Electric Power Corporation Limited

Numaligarh Refinery Limited

ONGC Videsh Limited

Pawan Hans Helicopters Limited

Projects & Development India Limited

Railtel Corporation of India Limited

Rail Vikas Nigam Limited

Rashtriya Chemicals & Fertilizers Limited

RITES Limited

SJVN Limited

Security Printing and Minting Corporation of India Limited

South Eastern Coalfields Limited

State Trading Corporation of India Limited

Telecommunications Consultants India Limited

THDC India Limited

Western Coalfields Limited

WAPCOS Limited

Miniratna Category-II CPSEs

Bharat Pumps & Compressors Limited

Broadcast Engineering Consultants (I) Limited

Central Mine Planning & Design Institute Limited Central

Railside Warehouse Company Limited Ed.CIL (India) Limited

Engineering Projects (India) Limited

FCI Aravali Gypsum & Minerals India Limited

Ferro Scrap Nigam Limited HMT (International) Limited

HSCC (India) Limited

India Trade Promotion Organisation Indian Medicines & Pharmaceuticals Corporation Limited

M E C O N Limited Mineral Exploration Corporation Limited

National Film Development Corporation Limited

National Small Industries Corporation Limited

P E C Limited

Rajasthan Electronics & Instruments Limited

Comments

da is not added to epf for the last 16 years

why all the officials are become education fools, and leaders are sleeping, employees looted publically, by not paying 64% deareness allowance to the epf holders, besides cutting increased from 541 to 1200/- per month, no justice at all.
we can say crudely that by giving cooli - * way saying one.

loss cause explained, why not talk about un claimed amount at all.

who will do justice.

lowly paid industrial pension

Served IDPL Research Centre, Hyderabad, and took vrs in 2003(May,31st).
After serving the organization for about 26 years as executive, my pension was fixed at Rs. 941/-. Is there any justice? Can some responsible government representative look into this gross injustice?

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