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Voluntary Retirement Scheme (VRS)
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GOVT. OF ASSAM
DEPARTMENT OF PUBLIC ENTERPRISES
NOTIFICATION
No.
PE (D) 69/92/Pt II/115 Dated Dispur the 6th September
2003
Sub :
POLICY ON VOLUNTARY RETIREMENT SCHEME FOR THE EMPLOYEES OF STATE
LEVEL PUBLIC ENTERPRISES OF ASSAM
It has been found that
surplus human resource is a common problem in almost all the State
Level Public Enterprises of Assam (SLPEs). While the performance of
some of the SLPEs doing well can be improved further by reducing the
excess employees, some chronically losing SLPEs also could be revived
through this measure. The Public Enterprises Department issued
guideline that the SLPEs are to implement Voluntary Retirement Scheme
(VRS) for their employees as per the provisions under OM No.
2(36)/86-BPE(WC) dated 5.10.88 of Govt. of India, depending on
availability of fund for the purpose. But, in view of the resource
constraints, it would not be possible to continue with the earlier
guideline. It has therefore been decided that:
The SLPEs which are performing reasonably well
and can afford to discharge the dues to the employees opting VRS
from their own resources generated, could follow the existing
guidelines as per aforesaid OM dated 5.10.88, subject to modifying
the maximum compensation to 45 days salary (in lieu of 1½
months emoluments), comprising of basic pay & DA only, for each
completed year of service or the salary for the number of months of
service left, whichever is less. The other benefits to be allowed as
per the OM dated 5.10.88 are the balance in his / her provident fund
account payable as per CPF regulation; cash equivalent to
accumulated earned leave as per rules of the enterprise; gratuity as
per Gratuity Act or the Gratuity scheme applicable to the employees;
one / three month's notice pay as per the conditions of service
applicable to him / her and travel of the employee and his / her
family by entitled class to the place where he/ she intends to
settle down.
The remaining SLPEs which cannot afford to pay
the dues to the employees as per existing guidelines from their own
resources, but can become viable by shedding-off surplus staff and
those which cannot be revived and will be required to be closed
could implement VRS by making terminal payments as followed in case
of Assam State Transport Corporation, wherein VRS was implemented by
paying only the dues (i) CPF dues - both employee's & employer's
contribution (ii) gratuity as per Gratuity Act (iii) Unutilized
leave salary for maximum 240 days (iv) savings of GIS (v) unpaid
sanctioned dues of the employees & (vi) unpaid salaries.
To fund the costs on implementation of
VRS by the SLPEs which fall under category (2), the concerned
administrative departments will have to provide Plan fund out of
their own sectoral allocation in the Annual Plan. They may also
submit proposals to the P & D Department for taking-up the matter
of funds for implementation of VRS with the Planning Commission.
The following conditions will be applicable in both
the cases at 1,& 2 above:
There will be no recruitment against vacancies
arising due to VRS.
In implementing VRS, the managements should see
that it is extended to employees who could be afforded to be
released without detriment to the SLPEs.
Approval of
the Board of Directors and Administrative Departments would be
obtained by the SLPEs for introducing VRS. Further, the
administrative departments will obtain clearance of the Public
Investment Board for investment proposals involving Govt. fund as
well as any institutional loans, exceeding Rs.15 Lakh, as per
provisions under OM No. PE 43/88/155 dated 23.06.89. For this, the
administrative departments will have to submit proposals to the
Public Enterprises Department indicating budget provision, mode of
funding viz. equity/loan/grant, loan repayment schedule, economic
justification of the investment, expected benefits on implementation
of the scheme etc.
Once an employee avails VRS from an SLPE, he/she
will not be allowed to take up employment in another SLPE or any
State Govt. funded/ aided undertaking, autonomous bodies /
institutions etc. or any State Govt. departments. If he/she desires
to do so, he/she will have to return any VRS compensation received,
to the SLPE concerned. Where such compensation was paid out of Govt.
grant, the SLPE should remit the refunded amount to the Govt. In
case the SLPE is closed/merged, any such VRS compensation should be
returned directly to the Govt.
No age bar or minimum qualifying service is
prescribed for eligibility of availing VRS.
Sd/- P. K. Chowdhary
Commissioner & Secretary
Department of Public Enterprises
Memo No. PE (D) 69/92/Pt-II/115-A Dated
Dispur the 6th September 2003
Copy to:
P.P.S. to the Chief Minister,
Assam
P.S to the Minister/ Minister of
State (Ind) / Minister of State _______ (All administrative
deptts.of SLPEs & P&D / Finance)
S.O to Chief Secretary, Assam
Addl.Chief Secretary,P & D
Department /Addl. Chief Secretary(Power etc)
Principal Secretary / Commissioner
& Secretary / Secretary _________..Department (All Admns.Deptt.
of SLPEs) Dispur / Chandmari : Guwahati 781003
Accountant General (Assam),
Maidamgaon, Beltola, Guwahati 781 029
Chairman / Chairman-cum-Managing
Director / Managing Director / Chief Executive Officer /
Commissioner _______________________.(all SLPE ___________________..
Secretary to the Committee on
Public Undertaking, Assam Legislative Assembly
Superintendent, Assam Govt. Press,
Bamunimaidam, Guwahati 781021 - for
publication in the Gazettee.
All Officers of the Public
Enterprises Department
By order etc.
Commissioner & Secretary
Department of Public Enterprises
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GOVERNMENT
OF ASSAM
DEPARTMENT
OF PUBLIC ENTERPRISES
No.PE(D) 69/92/150 Dated Dispur the
25th Jan/2000
From : Shri Alok Perti,
IAS,
Commissioner & Secretary to the Govt. of Assam
Public Enterprises Department, Dispur.
To :
The Principal Secretary/Commissioner & Secretary/Secretary to the
Govt. of Assam
_________ Department (All Administrative Deptt. of SLPEs)
Chandmari/Dispur, Guwahati.
Sub : FISCAL REFORM PROGRAMME -
IMPLEMENTATION OF VOLUNTARY RETIREMENT SCHEME.
Sir,
I am directed to inform you that the Govt. of Assam
has submitted a fiscal reform programme to the Ministry of Finance/
Govt. of India. One of the reform measures will be implementation of
Voluntary Retirement Scheme (VRS) in State Transport Corporation and
other State Level Public Enterprises, subject to availability of fund
for the purpose. The target date for Govt. order to be issued has
been fixed as 28th Feb"2000.
The Department of Public Enterprises advised all the
State Level Enterprises to formulate VRS, if so desired, vide letter
No. PE(TC)69/92/24, dated 13.11.92. The copy of Govt. of India's OM
NO. 2(36)/86-BPE(WC), dated 05-10-88 was also issued along with.
Copies of these are enclosed for your ready reference.
You may direct the State Level Public Enterprises
under your control to prepare proposals on implementation VRS, if
surplus manpower is diagnosed as one of the reasons of
underperformance. The guidelines on the matter should be followed and
the proposals for investment in the enterprises, indicating budget
provision may be submitted with all details for consideration of
PIB/SC In addition to details on financial involvement, the expected
benefits on implementation of the scheme should be indicated in
quantitative terms. The proposal should also indicate the mode of
release of the proposed fund i.e. as equity/loan/grant and repayment
schedule in case of loan
Enclo: As stated
Sd/-(Alok Perti)
Commissioner & Secretary to the Govt.
of Assam
Public Enterprises Department, Dispur,
Guwahati- 6
Memo No. PE(D) 69/92/150-A Dated Dispur
the 25th January 2000
Copy to: (with enclosure)
The
Chairman/Chairman-cum-Managing Director/ Managing Director /
Executive Director/Chief Executive Officer (all SLPEs) - for
information and necessary action
By order etc.
Sd/-(Alok Perti)
Commissioner & Secretary to the Govt.
of Assam
Public Enterprises Department
Dispur , Guwahati - 6
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GOVERNMENT OF ASSAM
DEPARTMENT OF PUBLIC ENTERPRISES
No.PE(TC)69/93/24, Dated Dispur the
13th Nov/92
From: Adviser (Management)
Department of Public
enterprises
To : The Managing Director/ Chief
Executive Officer.
Executive Director, all 47
SLPEs
Sub : VOLUNTARY RETIREMENT FOR
EMPLOYEES OF STATE LEVEL PUBLIC ENTERPRISES
Sir,
I am directed to enclose a copy of Office Memorandum
No.2(36)/86-BPE(WC), dated 5.10.1988, Govt. of India, Ministry of
Industry on the above subject and would request you to please
Formulate your Voluntary Retirement Scheme for your enterprises if
you so desire .
Encol: Above.
Yours faithfully
Sd/-(G.C.Saikia)
Adviser
( Management)
Department of
Public Enterprises
Memo No.PE(TC)69/92/24-A Dated Dispur the
13th Nov./92
Copy to: The Commissioner
& Secretary
Concerned
administrative Department for their kind
information.
A copy of
the office Memorandum is enclosed
By order etc.,
Sd/-(G.C. Saikia)
Adviser (Management)
Department of Public Enterprises.
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GOVERNMENT OF INDIA
MINISTRY OF INDUSTRY
BUREAU OF PUBLIC ENTERPRISES
Public Enterprises Bhavan
CGO Complex,
Block -14
Lodi Road, New
Delhi-110003
Dated the 5th
October, 1988
OFFICE MEMORANDUM
Subject:
Voluntary Retirement for the Employees of Public Enterprises
Government had been considering for quite some time
the introduction of a voluntary retirement scheme for the employees
of Public Sector Enterprises with a view to reducing surplus
manpower. After careful consideration it has been decided that public
sector enterprises can introduce a voluntary retirement scheme on the
following terms and condition:-
An employee who has completed 10
years of service or completed 40 years of age may seek voluntary
retirement by a written request.
The management of the enterprises
will have the right not to grant voluntary retirement for reasons to
be recorded in writing
The terminal payments available to
an employee who seek voluntary retirement would be:
The balance in his Provident Fund Account
payable as per the C.P.F. Regulation.
Cash equivalent of accumulated earned leave as
per the rules of the enterprise
Gratuity as per Gratuity Act or the gratuity
scheme applicable to the employees.
One month's / three month's notice pay (as per
the conditions of service applicable to him
In addition, an employee whose
request for Voluntary Retirement is accepted would also be entitled
to an ex-gratia payment equivalent to 1½ month's emoluments
(pay + DA) for each completed year of service or the monthly
emolument at the time of retirement, multiplied by the balance
months service left before normal date of retirement, whichever is
less. For example, an employee who has put in 24 years of service
and has got only one year of service for normal retirement will get
ex-gratia payment of only 12 months emoluments and not 36 months
emoluments
In addition, the employee and his
family would also be entitled to travel by the entitled class to the
place where he intends settling down.
The voluntary Retirement Scheme
would be applicable to all employees, workers and executives. Where
there is a surplus manpower, the vacancy caused by Voluntary
Retirement Scheme would not be filled up. Voluntary Retirement
Schemes on the above parameters can be introduced by the Public
Enterprises with the approval of the Administrative Ministries.
If in exceptional cases where a
higher ex-gratia payment is proposed to be made, the approval of the
Bureau of Public enterprises must be obtained by the administrative
Ministries. It is also clarified that if an Enterprise has already
adopted a Voluntary Retirement scheme, on conditions different from
what is stated in para one above, the same can be continued by them.
Availability or Funds for implementing the Voluntary Retirement as
proposed above has to be sorted out by the Administrative Ministries
through normal inter-ministerial consultations
Ministry of Petroleum and Natural
Gas, Ministry of Agriculture and Corporation etc, are requested to
bring the details of the Voluntary Retirement Scheme to the notice
of the P.S.Es under their administrative control
Sd/-Krishna Chandra,
Joint Director, Bureau of Public
Enterprises
Tel. No-360841
To: All Administrative
Ministries/Departments of the Government of India.
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