WELFARE MEASURES available to GDS employees

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. Fixing of TRCA Norms

17. Fixing of TRCA Norms

18. TRCA corresponding to work load

19. TRCA corresponding to work load

20. EXERCISE

21. SERVICE DISCHARGE BENEFIT SCHEME.

22. Service Discharge Benefit Scheme 1. Eligible after one year’s service • 2. GDS left with 3 year’s service as on 1.1.2011 • 3. Existing GDS have to opt for either severance amount or SDBS by 30.9.2010 • 4. For new entrants, SDBS is mandatory • 5. Not entitled to receive the benefits of severance amount.

23. SDBS contd., • 6. Govt. will contribute Rs.200/ per month for enrolled GDS • 7. GDS shall not be required to make any contribution • 8. Contributions made by Dept shall be credited to the trustee bank by the PFRDA

24. SDBS No contribution for POD officials • No contribution for substitutes and provisionally employed officials • GDS on absorption to Dept shall have to quit the SDBS and seek transfer of the accumulations to NPS

25. SDBS • GDS has to submit an application to D.O through IP/ASP • SP/SSP will send it to CRA’s (Central Record keeping Agency) facilitation Centre • A digitized card will be issued containing PRAN (Permanent retirement Account Number) number. Charges for digitization and annual service charges will be borne by the department. • GDS has to open a Savings account

26. SDBS • A GDS can exit at any time after 58 years, he can withdraw 20% of accumulations and invest 80% for purchase of life annuity from any Life insurance company authorised by IRDA( Insurance Regulatory Development Authority) • At the time of discharge from service GDS can withdraw 60% of accumulations, and invest Mini mum,40% • He can invest more than 40% also. • On dismissal/removal, the GDS will forfeit the benefit of SDBS

27. Circle Welfare fund • 1. The scheme was introduced on 1.10.2013 • 2. The subscription by every GDS is @Rs.20/ per month. • 3. Annual subscription of Rs.240/ is recovered in one lump in April every year.

28. Main components of the scheme • 1. Financial Grant • 2.Financial Assistance • 3. One time repayment at the time retirement

29. 1. Financial Grant

30. Financial Grant contd

31. Financial grant contd

32. 2. Financial assistance (loan)

33. 3. One time repayment at the time of retirement