26 Dec, 2013 7:56p.m.

Cabinet approves pensionary benefit to MTNL employees

Over 43,000 MTNL employees in Delhi and Mumbai will have something ti cheer about this new year. The Union Cabinet today approved the pension benefits for all employees who have opted for combined service. The benefits will be similar to the benefits for absorbed employees of BSNL.

“This would help resolve the long-pending MTNL pension issue,” an official release said, adding that the proposal entails an estimated recurring expenditure of about Rs 500 crore a year, besides adjustments in respect of Government pension liability previously discharged by MTNL.

Based on the approval for payment of pensionary benefits to the erstwhile government employees absorbed in MTNL who have opted for combined pension in the same manner as in BSNL, necessary amendments in Rule 37-A of CCS (Pension) Rules, 1972 to include MTNL along with BSNL, will be issued and adjustments in respect of government pension liability previously discharged by MTNL will be done within three months.

Accordingly, consequential amendments to the Central Civil Services (Pension) Rules, adjustments in respect of government pension liability previously discharged by MTNL and proposed change in methodology in pension contribution as per FR-116 up to Dec 31, 2005 on the maximum of the IDA pay-scales and with effect from Jan 1, 2006 on the actual pay drawn in the IDA pay-scales will be made.

Latest in Important News
Latest in Other News Sections
RBI cuts repo rate by 25bps. EMIs likely to get cheaper 🕑 07 Feb,19 1:02p.m.
Budget 2019 expectations : IT exemption limit likely to be hiked to Rs 5 lakh 🕑 17 Jan,19 9:29p.m.
Researchers develop plants that can remove cancer-causing pollutants 🕑 27 Dec,18 12:59p.m.
6 months of aerobic exercise reverses brain ageing by 9 years 🕑 24 Dec,18 2:31p.m.
All you need to know about NPS changed withdrawal norms 🕑 24 Dec,18 11:47a.m.
Scientists succeed in destroying HIV-infected cells 🕑 22 Dec,18 10:22p.m.
Johnson and Johnson talcum powder samples seized across country for testing 🕑 19 Dec,18 1:26p.m.
Govt. for levy on petrol and diesel cars to push to push e-vehicles 🕑 19 Dec,18 1:20p.m.
Tax changes in 2018 that will affect you 🕑 19 Dec,18 1:09p.m.
Google maps now shows auto-rickshaw routes with estimated fares 🕑 19 Dec,18 11:53a.m.