You already know that GP Fund subscription is made from the regular pay of an employee. This amount of GP Fund is deducted on monthly basis and is noted this amount in the GP Fund Card that is in the custody of concerned Accounts Department of the employee. The record of this amount is maintained from July to June of the next year. Thus the calculation of interest is made on the annual basis by the concerned Account Office. After the final calculation a GP Fund slip is issued to the related employee. You can yourself calculate this amount of interest by using this formula.
How to Fix Pay?
Pay fixation occurs on many occasions in the service life of an employee. It is generally fixed when an employee is promoted, upgraded, re-appointed, gets move-over, gets selection grade, on getting advance increments etc. The move-over and selection grade have already been eliminated in December 2001. However if there is any back date case of such category pay can be fixed. Let’s see the detailed view of pay fixation.
You Know the Benefits of Option Certificate on Promotion?
An Option Certificate on Pay Fixation is a great tool for employees who are being promoted. An option certificate can be adopted if an employee is promoted after 1st June. As you all know that the condition for the annual increment is a minimum of 6 months of service in a particular scale, and if an employee is promoted after 1st June, the 6 months of service are not completed by the same employee. Then what will happen to the employee if he is promoted after 1st June? Will he not get the benefit of the Annual Increment? This will be a loss for that employee. But don’t worry; this loss can be avoided by using the great tool of the Option Certificate for Pay Fixation.
Can An Over-Aged Employee be Kicked out of Service If he Succeeds in Getting his First Salary? No, Never
A case wherein an employee was employed without obtaining relaxation of upper age and discrepancy pointed out at the time of retirement by pension office, was remind under consideration of Establishment Division. Now Wafaqi Mohtasib Secretariat vide finding dated 03/03/2005 has desired to issue instructions to subordinate offices for compliance of decision taken in the matter by the Establishment Division O.M ibid are therefore reproduced for information and guidance for all concerned.
How to Calculate Encashment of Leave Preparatory to Retirement?
When an employee is retired from Govt service on the basis of Encashment, the encashment of leave is due for the said employee. This encashment is granted to the employee on the leaves in his/her credit not exceeding to 365 days according to new rules of encashment of 2012. The greater the number of leaves in his/her credit the more encashment he/she will get.
GP Fund Subscription Rates Since 1986
The Rates of GP Fund Subscription have been changing in history for the various pay scales. Generally, these rates were changed as and when the new basic pay scales were revised. However, these rates were not changed when the new basic pay scales 2007 were introduced.
The full history of GP Fund Subscription Rates since 1986, Basic Pay Scale-wise and year-wise, is as under:
A Step Towards Unified Pay Scales
A Pay Structure Committee has been constituted by the Government and its meeting has already held on Monday 10th September 2012. The main function of this committee is to find the discrimination of pay and allowances among the Govt employees of various departments. The other task of this committee is to merge the Adhoc Allowances into new Basic Pay Scales. The next meeting of this committee is expected soon during the next weeks.