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WELFARE MEASURES available to GDS employees

WELFARE MEASURES available to GDS employees. Pay and allowances. Time related continuity allowance ( TRCA) increment DA Other allowance ( Office allowance, FSC, CMA, CDA & CCA) LEAVE 20 days paid leave per year Maternity leave for 3 months for female GDS. Other benefits.

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WELFARE MEASURES available to GDS employees

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  1. WELFARE MEASURES available to GDS employees

  2. Pay and allowances • Time related continuity allowance ( TRCA) • increment • DA • Other allowance ( Office allowance, FSC, CMA, CDA & CCA) LEAVE • 20 days paid leave per year • Maternity leave for 3 months for female GDS

  3. Other benefits • Service discharge benefit scheme (SDBS) • Ex-Gratia Gratuity – Rs.60,000/- • Severance amount- Rs.60,000/- • Productivity linked bonus • Group insurance scheme

  4. Immediate relief to the family of an employee who dies while in service • If an GDS employee dies while in service, his family will be eligible for immediate monetary relief equal to two month’s Basic pay of the deceased Government servant subject to a maximum of Rs.7,000/- • No formal application from the bereaved family is necessary. • The advance should be adjusted within six months against the arrears of pay and allowances, death gratuity or any other payment due in respect of the deceased official.

  5. Group Insurance Scheme • Twin benefits- Insurance coverage and Savings 30% -- Insurance Fund 70% Savings Fund • Rate of subscription & Amount of Insurance cover are determined for GDS is Rate of subscription is Rs.50/- Insurance cover is Rs.50,000/-

  6. Promotions • To MTS based on seniority cum fitness • Through competitive departmental examination for MTS/ Postman/ PAs

  7. Incentive/ Commission • 1% commission on new TD accounts • SB annual incentive @ 2% • RPLI commission w.e.f 01.10.2009 (PLI Directorate letter No 26-02/2009-LI dated 18.9.2009) • 10 % of first year premium • 2.5% of renewal premium collected

  8. Incentive/Commission for GDS • For the deposits made under SB/TD schemes BPMs can earn Commission/Incentive • For SB, Commission may be claimed for each financial year • Rate of commission is 2% on net deposit • Procedure to calculate net deposit is shown in next slide

  9. Calculation of net deposit • Deposits made from April to February should be taken • Deposits made in March not to be counted • Withdrawals made from 1st April to 31st March should be taken into account • Withdrawals made from A.O. should be taken in to account

  10. Calculation of net deposit • Deposits made at A.O. should not be taken into account • Amount of interest should not be treated as deposit • 2% of the net deposit arrived as said above may be claimed as commission • Claim should be preferred in the month of April every year

  11. Payment of SB Commission • The residual amount after deduction of net withdrawal from net deposit as calculated from above instructions is eligible for commission • The Commission bill may be forwarded to A.O. • A.O. will verify and sanction the bill • Commission amount can be charged at BO with separate head in BODA as “Payment of Commission to BPM”.

  12. Rate of Commission for TD deposits

  13. Procedure to claim TD commission • Claim may be preferred once in a month • Bill should be submitted to A.O. for the accounts opened during the month on 1st of next month • Accounts opened through agents are not eligible to claim commission • No commission for TD re-deposits • Forward commission bill to A.O. duly invoiced in BODA

  14. Payment of TD Commission • A.O. will verify and sanction the bill • Commission amount can be charged at BO with separate head in BODA as “Payment of Commission to BPM”. • The charged bill should be sent back to A.O.

  15. Payment of TD Commission • Need not wait up to the end of financial year to claim commission on TD deposits

  16. Establishment norms

  17. Establishment norms

  18. TRCA corresponding to work load

  19. TRCA corresponding to work load

  20. EXERCISE

  21. Thank you

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