PENSION - Dearness Allowance to the pensioners and family pensioners - Revised rate admissible from 1st July, 2012 - Orders - Issued.

GOVERNMENT OF TAMIL NADU
2012

FINANCE (PENSION) DEPARTMENT
G.O. No.365,  Dated: 8th October 2012
   (Puratasi-22, Thiruvalluvar Aandu 2043)

PENSION - Dearness Allowance to the pensioners and family pensioners - Revised rate admissible from 1st July, 2012 - Orders - Issued.

READ :

1.  G.O.Ms.No.42, Finance (Pension) Department, dated: 07.02.2011.
2.  G.O.Ms.No.118, Finance (Pension) Department, dated: 10.04.2012.

3. G.O.Ms.No.362, Finance (Allowances) Department, dated:05.10.2012.

4. Government of India, Ministry of Personnel, Public Grievances & Pensions, Department of Pension & Pensioners’ Welfare, Office Memorandum F. No.42/13/2012 dated: 4.10.2012.

ORDER :

   In the Government Order second read above, orders were issued sanctioning the revised rate of Dearness Allowance to the State Government pensioners / family pensioners as detailed below:-

Date from which payable     Revised rate of Dearness Allowance   (per month)
With effect from 1st January 2012  65% of Pension / Family Pension

   2. The Government of India, in its Office Memorandum fourth read above has enhanced the Dearness Allowance payable to its pensioners / family pensioners from 65% to 72% with effect from 1st July, 2012. 

   3. Following the orders issued by the Government of India, the Government has now decided to sanction one additional installment of dearness allowance at 7% to the pensioners / family pensioners of the State with effect from 1.7.2012.  Accordingly, the Government sanction the  revised rate of Dearness Allowance to the State Government pensioners / family pensioners as
indicated below:-

Date from which payable       

Revised rate of Dearness Allowance (per month)
1st July, 2012   72% of Pension / Family Pension

   4. The Government also direct that the increase in Dearness Allowance shall be paid in cash to the Pensioners / Family Pensioners with effect from 1.7.2012.
 
   5.  While arriving at the revised Dearness Allowance, fraction of a rupee shall be rounded off to the next higher rupee if such fraction is 50 paise and above and shall be ignored if it is less than 50 paise. It will be the responsibility of the Pension Disbursing Authority including Public Sector Banks etc. to calculate the quantum of Dearness Allowance payable in each individual case. 

   6.  Pending formal authorisation by the Accountant General, the Dearness Allowance shall be paid straightaway by the Pension Pay Officer, Chennai-6, Treasury Officers and Public Sector Banks concerned.

   7.  This order will apply to the following categories of pensioners:-

   i) Government pensioners, Teacher pensioners of aided and local body educational institutions and other pensioners of local bodies.

   ii) The State Government employees who had drawn lumpsum payment on absorption in Public Sector Undertaking / Autonomous body / Local body / Co-operative institution and have become entitled to restoration of 1/3rd commuted portion of pension as well as revision of the restored amount.
 
   iii) Present and future family pensioners; In the case of divisible family pensioners, Dearness Allowance shall be divided proportionately.

   iv) Former Travancore-Cochin State pensioners drawing their pension on 1st November, 1956 in the Treasuries situated in the areas transferred to Tamil Nadu State on that date, i.e. Kanniyakumari District and Shencottah taluk of Tirunelveli District.
 
   v) Pensioners who are in receipt of special pensions under Extra-ordinary Pension Rules, Tamil Nadu and Compassionate Allowance.

   8. The expenditure on Dearness Allowance payable to the pensioners shall be debited to: 

   " 2071. Pension and Other Retirement Benefits - 01. Civil - 101. Superannuation and Retirement Allowances - I. Non-Plan - AC. Dearness Allowance to Pensioners - 03. Dearness Allowance (D.P. Code 2071 01 101 AC 0306)"

   The expenditure on Dearness Allowance payable to the family pensioners shall be debited to 

  " 2071. Pension and Other Retirement Benefits - 01. Civil - 105. Family Pensions – I. Non-plan - AC. Dearness Allowance to Family Pensioners of Tamil Nadu Government - 03. Dearness Allowance (D.P. Code 2071 01 105 AC 0308) ". 
 
   9. Orders regarding sanction of dearness allowance to the widows & children of the deceased Contributory Provident Fund / Non Pensionable Establishment beneficiaries of State Government and the former District Board who are drawing ex-gratia will be issued separately.
 
   10. The increased expenditure due to the sanction of Dearness Allowance in this order is allocable among the successor States as per the provisions laid down under the State Reorganization Act, 1956.

(BY ORDER OF THE GOVERNOR)

               K.SHANMUGAM
                      PRINCIPAL SECRETARY TO GOVERNMENT

Source:http://www.tn.gov.in/gosdb/gorders/finance/fin_e_365_2012.pdf

Grant of Dearness Allowance to the employees of the Himachal Pradesh Government w.e.f. 01.07.2012.

Fin(C) B(7)-2/2006
Government of Himachal Pradesh
Finance (Regulations) Department

Dated Shimla-171002, the 1st October, 2012

OFFICE MEMORANDUM

Subject: Grant of Dearness Allowance to the employees of the State Government w.e.f. 01.07.2012.

   In continuation of this Department’s OM of even number dated the 2lst August, 2012, the Governor, Himachal Pradesh, is pleased to enhance Dearness Allowance from the existing rate of 65% to 72% with effect from 01.07.2012 in respect of the employees of the State Government.

Preparation of panel for PPS of Select List year 2012. Calling for deficient APARs — regarding.

Urgent

No.5/26/2010-CS.II(A)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training

3rd Floor, Lok Nayak Bhavan, New Delhi
Dated the 5th October, 2012.

Office Memorandum

Subject: Preparation of panel for PPS of Select List year 2012. Calling for deficient APARs — regarding.

   The undersigned is directcd to say that this Department is in the process of preparation of proposal for regular promotions to the PPS grade of CSSS for the Select List year 2012. It is, therefore, requested that the below mentioned APAR and the requisite certificate in respect of PS of Select List year 2001 to 2003, for General category and upto 2006 for SC & ST categories, if not already sent, may kindly be forwarded to this Department immediately.

New Pension Scheme : Official amendments to the PFRDA Bill, 2011.

   Official amendments to the Pension Fund Regulatory and Development Authority Bill, 2011

   The Union Cabinet today approved the introduction of certain official amendments to the Pension Fund Regulatory and Development Authority Bill, 2011. These official amendments have been necessitated in view of the recommendations of the Standing Committee on Finance which has examined the Bill. Based on the recommendations of the Standing Committee on Finance, the Government has decided to accept the following:

   1. that the subscriber seeking minimum assured returns shall be allowed to opt for investing his funds in such schemes providing minimum assured returns as may be notified by the Authority;

   2. withdrawals not exceeding 25 per cent of the contribution made by subscriber will be permitted from the individual pension account subject to the conditions, such as, purpose, frequency and limits, as may be specified by regulations by the Pension Fund Regulatory Authority and Development Authority (PFRDA)

3. the foreign investment ceiling in the pension sector at 26 per cent or such percentage as may be approved for the Insurance Sector, whichever is higher may be incorporated in the present legislation;

   4. to establish a vibrant Pension Advisory Committee with representation from all major stakeholders to advise PFRDA on important matters of framing of regulations under the PFRDA Act.

   5. the membership of the PFRDA will be confined to professionals having expertise in economics, finance or law only.

   The New Pension Scheme (NPS) has been made mandatory for all the Central Government employees (except Armed Forces) entering service with effect from 1.1.2004. 27 State / UT Governments have notified NPS for their employees. NPS has been launched for all citizens of the country including unorgnised sector workers, on voluntary basis, with effect from 1st May, 2009. Further, to encourage people from the unorganised sector to voluntarily save for their retirement, Government has launched the co-contributory pension scheme titled "Swavalamban Scheme" in the Budget of 2010-11. As on 7th September, 2012 the number of subscribers under NPS is 37.45 lakh with a corpus of Rs. 20535.00 crore.

   In order to effectively invest and manage such huge funds belonging to a large number of subscribers and to ensure the integrity of the NPS, creation of a statutory PFRDA with well defined powers, duties and responsibilities is considered absolutely necessary and would benefit all NPS subscribers.

   The official amendments to the Bill will be moved in the next session of the Parliament.

   Background:

The following recommendations of the SCF have not been accepted:

   • As regards the recommendation of SCF for compulsory insurance of the funds of subscribers by pension fund managers, a provision has already been made in the PFRDA Bill, to protect the interest of the subscribers by ensuring safety of contribution of subscribers and also by keeping the operational costs in check,

   • As regards the selection of pension fund managers in such a manner that one third of all such fund managers are from the public sector, since a provision has already been made in the PFRDA Bill that at least one of the pensions fund shall be from the public sector which sets a floor, the ceiling can be any number based on objective criteria.

   The Pension Fund Regulatory and Development Authority Bill, 2005 was initially introduced in the Lok Sabha in March, 2005 to provide for a statutory PFRDA. However, since the Bill and the official amendments, based on the recommendations of the Standing Committee on Finance, could not be considered by the Lok Sabha, and the Bill lapsed on dissolution of the 14th Lok Sabha. The Government had announced in the Budget 2011-12 that the revised PFRDA Bill would be moved in Parliament. Accordingly, the PFRDA Bill, 2011 was introduced in the Lok Sabha on the 24th March, 2011 to provide for a statutory regulatory body, the Pension Fund Regulatory and Development Authority (PFRDA) under the provisions of the Bill. The legislation sought to empower FRDA to regulate the New Pension System (NPS). The PFRDA Bill, 2011 was referred to the Standing Committee on Finance on the 29th March, 2011 for examination and report thereon. The Standing Committee on Finance gave its Report on 30th August, 2011. Based on the recommendations of Standing Committee, a Cabinet Note, to introduce additional recommendations of the Standing committee on Finance was moved on 19th December, 2011. Since the PFRDA Bill, 2011 was deferred in the Winter Session of the Lok Sabha, therefore the Cabinet Note was withdrawn.

Source: PIB