11th BPS wef 01-11-2017* Details for workman

*11th BPS wef 01-11-2017*

* Cost:

Payslip component (2017): 52655 Cr. 15% increase: 7898 (Officers:4513 + Award:3385)

Basic+DA in 52655: 46187

Load in basic 2.50%: 1155 Cr

* Basic: DA merger at 47.80%  (6352 points, 478/516 Merged slabs, 01-11-2016) + Load 2.5% of 46.90% (DA in Mar-2017). 

Effect: 1.515 times increase in Basic.

In 10th BPS, only 2% load in basic.

* Old DA:

01-11-2017: 516 Slabs * 0.10 paise per slab = 51.60%

01-11-2020: 818 Slabs * 0.10 = 81.80%

New DA: 

01-11-2017: 516 - 478 = 38 Slabs * 0.07 = 2.66%

01-11-2020: 818 - 478 = 340 Slabs * 0.07 = 23.80%

* SA (Spl Allowance): 16.40 % Award (from present 7.75%) +  Transport Allowance with DA --> Effect: 18% SA

SA: 16.40% I to III (from present 7.75%)

SA: 19% IV & V (from present 10%).

SA: 20% VI & VI (from present 11%)

* One additional stagnation increment for Substaff, Clerical, Officers (some scale) as it will lead to higher basic --> higher pension.

* One addl Saturday holiday (5th Sat) (To be approved by Govt)

* 1.515 times of PQP, FPP, Spl Pay (with increased passing powers)

HRA: 11% for all centres, all India

CCA: Same % with higher CCA Max cap

* New Area Allowance for Non-CCA posting to encourage/compensate.

* New PL Encash: Calendar year: 5 or 7 (Age:55+) days

* Non-NPS: Bank PF:(10% of basic 66070 = 6607) + Bank Pension: (10% of  66070 = 6607) = 20% of basic 66070 = 13,214

NPS: Bank 14% of (Basic 66070 + DA: 81.80% 54045 =) 120115 = 16816

* Employee: (No change) PF: 10% & NPS 10% (Basic+DA)

* Medical Cert Basis (Award): 12000 from present 8000

* Substaff Basic:

14500 - 500/4 - 615/5 - 740/4 - 870/3 - 1000/3 - 28145

* Award Basic: (9 Stagnation increment, Uniform periodicity 2 yrs) 17900 - 1000/3 - 1230/3 - 1490/4

(1730/7 - 3270/1 - 1990/1 - 47920)

* Officer Basic: 36000 to 129000

 * PLI (Performance Linked Incentive) Days: 0/5/10/15

* Family Pension Updation: 30% of Last Basic Salary

* Pension updation: like RBI before 30-12-2020 / 30-04-2021

* Why Pension Updation:

After 15 yrs, at age:75, Top level staff pension will be less than present Substaff pension.

Eg. DGM Basic pension in 1986: Rs.2500 (No revision for 35 yrs)

GM pension (1992-1997): 7125, (1997-2002):10650

Substaff pension (2007-2012): 7075, (2012-2017): 11893

* Pension Fund:  Needed till 2090 as XXX joined at Age:20 in Jan-2008 will retire at Age:60 in 2048... has to get pension till Age:100 in 2088.