CPMG has heard our issues with patience and promised to settle the issues very shortly.
No.402/92/2006-MC (42 of 2010)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
***
New Delhi dated 28th September 2010
Press Release
The Central Board of Direct Taxes have extended the due date of filing income tax returns for the assessment year 2010-11 from 30th September 2010 up to 15thOctober 2010. The due date has been extended in view of disturbance to general life caused by floods. Accordingly, the due date for obtaining tax audit report u/s 44AB also stands extended to 15thOctober 2010.
The due date of 30th September 2010 is prescribed for corporate taxpayers, taxpayers whose accounts are subject to tax audit u/s 44AB of the Income Tax Act 1961 or audit under any other law, and working partners of firm the accounts of which are liable to tax audit or audit under any other law.
The due date for the state of Jammu and Kashmir shall, however, remain 30th November 2010 as extended earlier.
No.402/92/2006-MC (42 of 2010)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
***
New Delhi dated 28th September 2010
Press Release
The Central Board of Direct Taxes have extended the due date of filing income tax returns for the assessment year 2010-11 from 30th September 2010 up to 15thOctober 2010. The due date has been extended in view of disturbance to general life caused by floods. Accordingly, the due date for obtaining tax audit report u/s 44AB also stands extended to 15thOctober 2010.
The due date of 30th September 2010 is prescribed for corporate taxpayers, taxpayers whose accounts are subject to tax audit u/s 44AB of the Income Tax Act 1961 or audit under any other law, and working partners of firm the accounts of which are liable to tax audit or audit under any other law.
The due date for the state of Jammu and Kashmir shall, however, remain 30th November 2010 as extended earlier.
It is now rising up to meet new challenges – computerization, electronic money orders and what not
The news that India Post is on twitter was a pleasant surprise. What made it more so was the fact that it more so was the fact that it was one of the first government departments to be on Twitter. It has been a long journey for India Post.
“Dakiya dak laya, Dakiya dak laya….” was how a popular song of the late seventies went. The song was true to life for millions all over India. It may seem long ago but it actual fact only about one-and-a-half decades ago, cellphones were not even on the horizon and the only mobile communication for the ordinary person was the humble postman, dressed in khaki and a bag full of letters slung over his shoulder coming on bicycle or on foot. Those were times when the Web was what a spider spun and twittering was left to the birds!
Going from house to house, it was not just letters that he brought but joy and sadness to families across the nations. Here a letter or telegram from a son gone out for work informing his family of safe arrival, there a letter of appointment to a much anticipated job, and occasionally news of demise. Today’s ‘smsing’ and chatting generation will scarcely be able to under-stand the eager anticipation and value of the postman’s visit, much in excess of the weight of the paper that he delivered.
Among departments of the state, the post office was one which could be found even in remote villages.
When problems began
However, over the years, the quality of service started deteriorating. A monopoly situation and the ‘sarkari’ attitude started ringing the death knell for India Post. With the arrival of e-mail, the old kid on the block was being derided as snail mail. And the entry of private couriers put the proverbial last nail in the coffin.
But like a slumbering giant waking up from his sleep, India Post has woken up. Like its counterparts in the telecommunication and banking sectors which have reinvented themselves after the entry of private operators, India Post too is rising up to meet new challenges – computerization, electronic money orders and what not. The wide network of offices and out-post is also being utilized in other ways to increase business, including the facility to pay many utility bills.
I was recently surprised when a private courier called me up to inform me to collect from his office a parcel addressed to me. When I told him that it was his duty to deliver it, he said that he did not have boys to deliver the same in my area. I complained to the head office and voila, the parcel was sent by Speed Post from the courier agent’s office to my residence.
The bells they are a tolling, but it is no death knell they are sounding. With wings spread, they are announcing the arrival of a bright future for India Post.
- Courtesy “The Hindu”
It is now rising up to meet new challenges – computerization, electronic money orders and what not
The news that India Post is on twitter was a pleasant surprise. What made it more so was the fact that it more so was the fact that it was one of the first government departments to be on Twitter. It has been a long journey for India Post.
“Dakiya dak laya, Dakiya dak laya….” was how a popular song of the late seventies went. The song was true to life for millions all over India. It may seem long ago but it actual fact only about one-and-a-half decades ago, cellphones were not even on the horizon and the only mobile communication for the ordinary person was the humble postman, dressed in khaki and a bag full of letters slung over his shoulder coming on bicycle or on foot. Those were times when the Web was what a spider spun and twittering was left to the birds!
Going from house to house, it was not just letters that he brought but joy and sadness to families across the nations. Here a letter or telegram from a son gone out for work informing his family of safe arrival, there a letter of appointment to a much anticipated job, and occasionally news of demise. Today’s ‘smsing’ and chatting generation will scarcely be able to under-stand the eager anticipation and value of the postman’s visit, much in excess of the weight of the paper that he delivered.
Among departments of the state, the post office was one which could be found even in remote villages.
When problems began
However, over the years, the quality of service started deteriorating. A monopoly situation and the ‘sarkari’ attitude started ringing the death knell for India Post. With the arrival of e-mail, the old kid on the block was being derided as snail mail. And the entry of private couriers put the proverbial last nail in the coffin.
But like a slumbering giant waking up from his sleep, India Post has woken up. Like its counterparts in the telecommunication and banking sectors which have reinvented themselves after the entry of private operators, India Post too is rising up to meet new challenges – computerization, electronic money orders and what not. The wide network of offices and out-post is also being utilized in other ways to increase business, including the facility to pay many utility bills.
I was recently surprised when a private courier called me up to inform me to collect from his office a parcel addressed to me. When I told him that it was his duty to deliver it, he said that he did not have boys to deliver the same in my area. I complained to the head office and voila, the parcel was sent by Speed Post from the courier agent’s office to my residence.
The bells they are a tolling, but it is no death knell they are sounding. With wings spread, they are announcing the arrival of a bright future for India Post.
- Courtesy “The Hindu”
New Delhi, Dated 10th September, 2010
Office Memorandum
Subject: Rate of monthly subscription and insurance cover under CGEGIS-1980 for erstwhile Group ‘D’ employees placed in PB-1, Grade Pay Rs.1800/- and classified as Group ‘C’.
——-
The undersigned is directed to invite the attention of all Ministries/Departments of the Central Government to this Ministry’s O.M. No.F.7(5)-EV/89 dated 15th May, 1989 updating the Central Government Employees Group Insurance Scheme, 1980.
2. The 6th Central Pay Commission in para 4.9.4. of its report has recommended that the rate of monthly subscription and the amount of insurance cover under the Central Government Employees GroupInsurance Scheme (CGEGIS) should be enhanced 6 times. The Commission has also recommended up-gradation of Group D in the Government with all existing Group D employees being upgraded and placed in the entry grade of Group C. Accordingly, no separate slab for Group D has been recommended.
3. In view of the recommendations of 6th CPC, Department of Personnel & Training vide notification dated 9/4/2009 has classified the posts carrying the Grade Pay of 1800/- as Group C.
4. Therefore, it has been decided to enhance the monthly subscription towards CGEGIS and insurance coverage to the erstwhile Group ‘D’ employees placed in PB-1 with Grade Pay of 1800 and classified as Group ‘C’, @ ‘30/- per month from 1st January of the next calendar year i.e. January, 2011.
s/d
(Manoj Sahay)
Director
New Delhi, Dated 10th September, 2010
Office Memorandum
Subject: Rate of monthly subscription and insurance cover under CGEGIS-1980 for erstwhile Group ‘D’ employees placed in PB-1, Grade Pay Rs.1800/- and classified as Group ‘C’.
——-
The undersigned is directed to invite the attention of all Ministries/Departments of the Central Government to this Ministry’s O.M. No.F.7(5)-EV/89 dated 15th May, 1989 updating the Central Government Employees Group Insurance Scheme, 1980.
2. The 6th Central Pay Commission in para 4.9.4. of its report has recommended that the rate of monthly subscription and the amount of insurance cover under the Central Government Employees GroupInsurance Scheme (CGEGIS) should be enhanced 6 times. The Commission has also recommended up-gradation of Group D in the Government with all existing Group D employees being upgraded and placed in the entry grade of Group C. Accordingly, no separate slab for Group D has been recommended.
3. In view of the recommendations of 6th CPC, Department of Personnel & Training vide notification dated 9/4/2009 has classified the posts carrying the Grade Pay of 1800/- as Group C.
4. Therefore, it has been decided to enhance the monthly subscription towards CGEGIS and insurance coverage to the erstwhile Group ‘D’ employees placed in PB-1 with Grade Pay of 1800 and classified as Group ‘C’, @ ‘30/- per month from 1st January of the next calendar year i.e. January, 2011.
s/d
(Manoj Sahay)
Director
No. 19024/1/2009-E.IV
Government of India
Ministry of Finance
Department of Expenditure
***
New Delhi, dated the 16th September, 2010
Office Memorandum
Subject: Guidelines on Air Travel on Tours / LTC.
This Department is receiving repeated references seeking clarifications with regard to purchase of Air tickets through authorized agents and relaxation for travel by Airlines other than Indian Airlines. The following guidelines may be noted for compliance:
1. On Official Tours :
(i) For travel by Airlines other than Air India because of operational or other reasons or on account of non-availability of Air India flights, individual cases for relaxation to be referred to M/o Civil Aviation, as stated in this Ministry's OM No. 19024/1/2009-E.IV dated 13.07.09.
(ii) Air Tickets may be purchased directly from Airlines (at Booking counters/Website of Airlines) or by utilizing the services of Authorized Travel Agents viz. M/s Balmer Lawrie & Company, M/s Ashok Travels & Tours.
2. LTC :
(i) Travel by Air India only.
(ii) In Economy class only, irrespective of entitlement.
(iii) LTC-80 ticket of Air India only to be purchased.
(iv) Air Tickets may be purchased directly from Airlines (at Booking counters / Website of Airlines) or by utilizing the services of Authorized Travel Agents viz. M/s Balmer Lawrie & Company, M/s Ashok Travels & Tours and IRCTC (to the extent IRCTC is authorized as per DoP&T OM No. 31011/6/2002-Estt.(A) dt. 02.12.09).
3. LTC for J&K :
(i) Relaxation to travel by Private Airlines to visit J&K while availing LTC is available to all the categories of Govt. employees, including those entitled to travel by Air [DoPT OMs No. 31011/2/2003-Esst.(A-IV) dated 18.06.10 and 05.08.10 refer].
(ii) For purchase of Air tickets, however, the procedure as given under para 2 (iv) above should be followed.
4. All Ministries/Departments of Govt. of India are requested to strictly adhere to these instructions.
(Karan Singh)
Under Secretary to the Govt. of India
No. 19024/1/2009-E.IV
Government of India
Ministry of Finance
Department of Expenditure
***
New Delhi, dated the 16th September, 2010
Office Memorandum
Subject: Guidelines on Air Travel on Tours / LTC.
This Department is receiving repeated references seeking clarifications with regard to purchase of Air tickets through authorized agents and relaxation for travel by Airlines other than Indian Airlines. The following guidelines may be noted for compliance:
1. On Official Tours :
(i) For travel by Airlines other than Air India because of operational or other reasons or on account of non-availability of Air India flights, individual cases for relaxation to be referred to M/o Civil Aviation, as stated in this Ministry's OM No. 19024/1/2009-E.IV dated 13.07.09.
(ii) Air Tickets may be purchased directly from Airlines (at Booking counters/Website of Airlines) or by utilizing the services of Authorized Travel Agents viz. M/s Balmer Lawrie & Company, M/s Ashok Travels & Tours.
2. LTC :
(i) Travel by Air India only.
(ii) In Economy class only, irrespective of entitlement.
(iii) LTC-80 ticket of Air India only to be purchased.
(iv) Air Tickets may be purchased directly from Airlines (at Booking counters / Website of Airlines) or by utilizing the services of Authorized Travel Agents viz. M/s Balmer Lawrie & Company, M/s Ashok Travels & Tours and IRCTC (to the extent IRCTC is authorized as per DoP&T OM No. 31011/6/2002-Estt.(A) dt. 02.12.09).
3. LTC for J&K :
(i) Relaxation to travel by Private Airlines to visit J&K while availing LTC is available to all the categories of Govt. employees, including those entitled to travel by Air [DoPT OMs No. 31011/2/2003-Esst.(A-IV) dated 18.06.10 and 05.08.10 refer].
(ii) For purchase of Air tickets, however, the procedure as given under para 2 (iv) above should be followed.
4. All Ministries/Departments of Govt. of India are requested to strictly adhere to these instructions.
(Karan Singh)
Under Secretary to the Govt. of India
1 | Whether the Pay Band would change in the hierarchy of Pay | Yes. The upgradations under MACP is to be granted in the |
2 | Whether the benefits of MACPS would be allowed to the | No. The benefits under MACPS is not applicable to Group |
3 | How will the benefits of ACP be granted if due between
| The new MACPS has come into existence w e f 01.09.2008 (A) In the case of isolated post: Date of appointment in entry Grade in the pre-revised pay 1st ACP granted on 09.08.1999 :Rs.4500-7000 (pre-revised) 2nd ACP due on 01.10.2006 :Rs.5000-8000 (pre-revised) 3rd financial upgradation under the MACPS would be due on (B) In the case of normal promotional hierarchy: Date of appointment in entry Grade in the prerevised pay 1st ACP granted on 09.08.1999 :Rs.6500-10500 2nd ACP due on 01.10.2006 (as Therefore, 2nd ACP would be in PB-3 with Grade Pay of 3rd financial |
4 | Whether the benefits of MACPS would be granted from the date | The benefits under MACPS would be
|
5 | In a case where a person is appointed to an ex-cadre post in | (i) Where a person is appointed on direct (ii) However, where a person is appointed to an |
6 | Whether the pay scale/grade pay of substantive post would be taken into account for appointment/selection to a higher post on deputation basis or the pay scale/grade pay carrying by a Government servant on account of financial upgradation(s) under ACP/MACP Scheme. | The pay scale/grade pay of substantive post would only be taken into account for deciding the eligibility for appointment/selection to a higher post on deputation basis. |
7 | In a case where 1st/2nd financial upgradations are postponed on account of the employees not found fit or due to departmental proceedings, etc, whether this would have consequential effect on 2nd /3rd financial upgradation or not. | Yes. If a financial upgradation has been deferred/postponed on account of the employee not found fit or due to departmental proceedings, etc., the 2nd /3rd financial upgradations under MACPs would have consequential effect. (Para 18 of annexure-I of MACPS referred). |
8 | In a case where the government servant have already earned three promotions and still stagnated in one grade for more than 10 years, whether he would be entitle for any further upgradation under MACPS | No. Since the government servant has already earned three promotions, he would not be entitled for any further financial upgradation under MACPS. |
9 | Whether the pre-revised pay scale of Rs 2750-4400 in respect of Group D non-matriculate employees, would also be taken as merged to grade pay of Rs 1800 for the purpose of MACPS in view of merger of Rs 2550-3200, Rs 2610-3540, Rs 2610-4000 and Rs 2650-4000, which have been upgraded and replaced by the revised pay structure of grade pay of Rs 1800 in the pay band PB-1 | Yes. |
10 | If a government servant on deputation earns upgradation under MACPs in the present cadre, whether he would be entitled for deputation (duty) allowance on the pay and emoluments granted under the MACPS or not? | No. while eligibility of an employee for appointment against ex-cadre posts, in terms of the provisions of the RRs of the ex-cadre post will continue to be determined with reference to the post/pay scale of the post held in the parent cadre on regular basis (and not with reference to the higher scale granted under ACPS/MACPS). such an officer, in the event of his selection, may be allowed to opt to draw the pay in the higher scale under ACP/MACP Scheme without deputation allowance during the period of deputation, if it is more beneficial than the normal entitlements under the existing general order regulating pay on appointment on deputation basis. |
11 | Since the pay scales of Group D employees have been merged and placed in the Grade Pay of rs 1800, whether they are entitled for grant of increment @ 3% during pay fixation at every stage. | Yes. On the analogy of point 22 of Annexure-I of MACPS, the pay of such Group 'D' employees who have been placed in the Grade Pay of Rs 1800 w.e.f. 01.01.2006 shall be fixed successively in the next three immediate higher grade pays in the hierarchy of revised pay-bands and grade pays allowing the benefit of 3% pay fixation at every stage. |
1 | Whether the Pay Band would change in the hierarchy of Pay | Yes. The upgradations under MACP is to be granted in the |
2 | Whether the benefits of MACPS would be allowed to the | No. The benefits under MACPS is not applicable to Group |
3 | How will the benefits of ACP be granted if due between
| The new MACPS has come into existence w e f 01.09.2008 (A) In the case of isolated post: Date of appointment in entry Grade in the pre-revised pay 1st ACP granted on 09.08.1999 :Rs.4500-7000 (pre-revised) 2nd ACP due on 01.10.2006 :Rs.5000-8000 (pre-revised) 3rd financial upgradation under the MACPS would be due on (B) In the case of normal promotional hierarchy: Date of appointment in entry Grade in the prerevised pay 1st ACP granted on 09.08.1999 :Rs.6500-10500 2nd ACP due on 01.10.2006 (as Therefore, 2nd ACP would be in PB-3 with Grade Pay of 3rd financial |
4 | Whether the benefits of MACPS would be granted from the date | The benefits under MACPS would be
|
5 | In a case where a person is appointed to an ex-cadre post in | (i) Where a person is appointed on direct (ii) However, where a person is appointed to an |
6 | Whether the pay scale/grade pay of substantive post would be taken into account for appointment/selection to a higher post on deputation basis or the pay scale/grade pay carrying by a Government servant on account of financial upgradation(s) under ACP/MACP Scheme. | The pay scale/grade pay of substantive post would only be taken into account for deciding the eligibility for appointment/selection to a higher post on deputation basis. |
7 | In a case where 1st/2nd financial upgradations are postponed on account of the employees not found fit or due to departmental proceedings, etc, whether this would have consequential effect on 2nd /3rd financial upgradation or not. | Yes. If a financial upgradation has been deferred/postponed on account of the employee not found fit or due to departmental proceedings, etc., the 2nd /3rd financial upgradations under MACPs would have consequential effect. (Para 18 of annexure-I of MACPS referred). |
8 | In a case where the government servant have already earned three promotions and still stagnated in one grade for more than 10 years, whether he would be entitle for any further upgradation under MACPS | No. Since the government servant has already earned three promotions, he would not be entitled for any further financial upgradation under MACPS. |
9 | Whether the pre-revised pay scale of Rs 2750-4400 in respect of Group D non-matriculate employees, would also be taken as merged to grade pay of Rs 1800 for the purpose of MACPS in view of merger of Rs 2550-3200, Rs 2610-3540, Rs 2610-4000 and Rs 2650-4000, which have been upgraded and replaced by the revised pay structure of grade pay of Rs 1800 in the pay band PB-1 | Yes. |
10 | If a government servant on deputation earns upgradation under MACPs in the present cadre, whether he would be entitled for deputation (duty) allowance on the pay and emoluments granted under the MACPS or not? | No. while eligibility of an employee for appointment against ex-cadre posts, in terms of the provisions of the RRs of the ex-cadre post will continue to be determined with reference to the post/pay scale of the post held in the parent cadre on regular basis (and not with reference to the higher scale granted under ACPS/MACPS). such an officer, in the event of his selection, may be allowed to opt to draw the pay in the higher scale under ACP/MACP Scheme without deputation allowance during the period of deputation, if it is more beneficial than the normal entitlements under the existing general order regulating pay on appointment on deputation basis. |
11 | Since the pay scales of Group D employees have been merged and placed in the Grade Pay of rs 1800, whether they are entitled for grant of increment @ 3% during pay fixation at every stage. | Yes. On the analogy of point 22 of Annexure-I of MACPS, the pay of such Group 'D' employees who have been placed in the Grade Pay of Rs 1800 w.e.f. 01.01.2006 shall be fixed successively in the next three immediate higher grade pays in the hierarchy of revised pay-bands and grade pays allowing the benefit of 3% pay fixation at every stage. |
New Delhi, the 7th September, 2010
Sub: Child Care Leave in respect of Central Government employees as a result of Sixth Central Pay Commission recommendations - Clarification regarding
The undersigned is directed to say that this Department has been receiving representations from Government Servants through various quarters like the Public Grievances Cell/Associations etc requesting to review the decision to allow Child Care Leave (CCL) only if the employee has no E.L. at her credit.
2. This Department's O.M. No.13018/2/2008-Estt.(L) dated 11/09/2008 regarding introduction of Child Care Leave in respect of CentralGovernment employees and subsequent clarifications vide O.Ms. dated 29/9/2008, 18/11/2008 and 2/12/2008 were reviewed.
It has now been decided in consultation with Department of Expenditure, to delete the condition that CCL can be availed only if theemployee concerned has no Earned Leave at her credit, subject to the following conditions:-
(i) CCL may not be granted in more than 3 spells in a calendar year.
(ii) CCL may not be granted for less than 15 days.
(iii) CCL should not ordinarily be granted during the probation period except in case of certain extreme situations where the leave sanctioning authority is fully satisfied about the need of Child Care Leave to the probationer. It may also be ensured that the period for which this leave is sanctioned during probation is minimal.
3. It is reiterated that the leave is to be treated like Earned Leave and sanctioned as such.
4. These orders take effect from 1.9.2008. Earned Leave, if any, availed by women employees before availing CCL subsequent to the issue of the OM 13018/2/2008-Estt.(L) dated 18/11/2008 may be adjusted against CCL, if so requested by theemployee.
5. Hindi version will follow.
(Simmi R.Nakra)
Director
New Delhi, the 7th September, 2010
Sub: Child Care Leave in respect of Central Government employees as a result of Sixth Central Pay Commission recommendations - Clarification regarding
The undersigned is directed to say that this Department has been receiving representations from Government Servants through various quarters like the Public Grievances Cell/Associations etc requesting to review the decision to allow Child Care Leave (CCL) only if the employee has no E.L. at her credit.
2. This Department's O.M. No.13018/2/2008-Estt.(L) dated 11/09/2008 regarding introduction of Child Care Leave in respect of CentralGovernment employees and subsequent clarifications vide O.Ms. dated 29/9/2008, 18/11/2008 and 2/12/2008 were reviewed.
It has now been decided in consultation with Department of Expenditure, to delete the condition that CCL can be availed only if theemployee concerned has no Earned Leave at her credit, subject to the following conditions:-
(i) CCL may not be granted in more than 3 spells in a calendar year.
(ii) CCL may not be granted for less than 15 days.
(iii) CCL should not ordinarily be granted during the probation period except in case of certain extreme situations where the leave sanctioning authority is fully satisfied about the need of Child Care Leave to the probationer. It may also be ensured that the period for which this leave is sanctioned during probation is minimal.
3. It is reiterated that the leave is to be treated like Earned Leave and sanctioned as such.
4. These orders take effect from 1.9.2008. Earned Leave, if any, availed by women employees before availing CCL subsequent to the issue of the OM 13018/2/2008-Estt.(L) dated 18/11/2008 may be adjusted against CCL, if so requested by theemployee.
5. Hindi version will follow.
(Simmi R.Nakra)
Director
The department has released orders vide letter no No.6-11/2009-PE-II dated 01-09-2010 on Service discharge benefits scheme (SDBS) which is in lieu of pensionary benefits and the existing severance amount scheme. This scheme is optional for the existing GDS employees and compulsory for those entering into service from 1.1.2011.The GDS who are left with only three years or less service shall not be eligible. For opted to new scheme, the severance amount @ Rs.1500 per annum for every completed years of service will be added to the accumulated contributions at the time of discharge for annuitization.
Govt shall contribute Rs200/- and no recovery from GDS. The contributions shall be credited to the Trustee bank designated by the PFRDA. Not eligible during Put off periods, Provisional appointments and substitutes. On promotion, the accumulations shall be transferred under New Pension scheme. On attaining the age of 58,the GDS can withdraw 20% of the accumulations. At the time of discharge 60% will be paid. 40% shall be invested for purchase a Life Annuity from Insurance Company. On removal & dismissal no amount will be paid.
Option should be given before 30.9.2010.Click here to see full text of the DOP letter.
The department has released orders vide letter no No.6-11/2009-PE-II dated 01-09-2010 on Service discharge benefits scheme (SDBS) which is in lieu of pensionary benefits and the existing severance amount scheme. This scheme is optional for the existing GDS employees and compulsory for those entering into service from 1.1.2011.The GDS who are left with only three years or less service shall not be eligible. For opted to new scheme, the severance amount @ Rs.1500 per annum for every completed years of service will be added to the accumulated contributions at the time of discharge for annuitization.
Govt shall contribute Rs200/- and no recovery from GDS. The contributions shall be credited to the Trustee bank designated by the PFRDA. Not eligible during Put off periods, Provisional appointments and substitutes. On promotion, the accumulations shall be transferred under New Pension scheme. On attaining the age of 58,the GDS can withdraw 20% of the accumulations. At the time of discharge 60% will be paid. 40% shall be invested for purchase a Life Annuity from Insurance Company. On removal & dismissal no amount will be paid.
Option should be given before 30.9.2010.Click here to see full text of the DOP letter.