Embed Size (px)
Citation preview
2
• 3 categories of Employees:
- Board level executives- Below board level executives - Workmen
• Well defined pay structure for each category.
3
• Compensation structure consists of :
o Basic Pay & DA
o HRA / Accommodation facilities
o Perquisites & Allowances
o Performance related payments
o Superannuation benefits
4
• DPE is the nodal Deptt. for issuing guidelines on pay related matters for all CPSEs.
• DPE issued the guidelines on pay revision of executives in Nov. ’08 and April ’09, effective from 1.1.07.
• Pay scales of Board level executives are as below:
• Below Board level Executives are placed in 9 pay scales.
Chairman Rs.80000-125000/-
Directors Rs.75000-100000/-
5
GradeGrade Pre-Revised Pay ScalesPre-Revised Pay Scales Revised Pay ScalesRevised Pay Scales
A 12000 - 17500 24900 – 50500
B 13750 -18700 29100 – 54500
C 16000 – 20800 32900 – 58000
D 17500 – 22300 36600 – 62000
E 18500 – 23900 43200 – 66000
F 19000 - 24750 51300 – 73000
G 19500 - 25600 51300 – 73000
H 20500 – 26500 51300 – 73000
I 23750 – 28550 62000 – 80000
PAY SCALESPAY SCALES
6
FOR WORKMEN:
• Policy guidelines on wage negotiations with unionized workmen is conveyed by DPE.
• Based on General guideline, the pay structure is negotiated with unions and a Long Term Settlement (LTS) is signed with the Unions
• No. of LTS : So far, 9 LTSs signed with the Unions.
• Pay Scales For Workmen:
–Marketing / IBP Division- 7 pay scales and
–Other Divisions --9 pay scales
7
REFINERIES/PIPELINES/R&DREFINERIES/PIPELINES/R&D MARKETING / IBPMARKETING / IBP
WORKMEN: revisedWORKMEN: revised
Grade Pay scales Grade Pay scales
I 10500 - 24500 I 10500 - 24500
II 10600 - 26500 - -
III 10800 - 29000 II 10800 - 29000
IV 11900 - 32000 III 11900 - 32000
V 12800 - 35000 IV 12800 - 35000
VI 13800 - 38500 V 13800 - 38500
VII 14800 - 40500 - -
VIII 16000 - 43700 VI 16000 - 43700
IX 20000 – 49200 (Prospective)
20000 – 49200 (Prospective)
8
• Annual increment date- 1st January. • Rates of annual increment :
- Officers - @3% of BP - Non-Officers - @3% of BP
• Promotion increment - On promotion to higher grade- Officers - @3% of BP - Non-officers - @3% of BP
• Stagnation Increment – – Officers: On reaching the maximum of scale, a stagnation
increment can be granted once every two years, subject to maximum of three, if the performance rating is ‘Good’ or above.
– Non-officers: On reaching the maximum of scale, a stagnation increment can be granted once every two years subject to max of 3, if the performance rating is ‘Satisfactory’ or above.
9
Dearness Allowance (DA)Dearness Allowance (DA)
o Besides, Basic Pay (BP), employees are also entitled to Dearness Allowance.
o DA is paid as percentage of Basic Pay- linked with all India index ‘AICPI’
o Revised on quarterly basis, i.e. Jan, April, July & October.
o Rate as on 1.04.11– 47.2% of BP
10
• House Rent Allowance (HRA)House Rent Allowance (HRA)
q House Rent Allowance is linked to the place of duty.
q Based on population, Cities classified in 03 Category:–
X class - 50 lakhs and above – HRA@30% of BPY class - 5-50 lakhs – HRA@20% of BP Z class - less than 5 lakhs – HRA@10% of BP
q HRA not admissible when Corporation owned/leased accommodation provided to employee
11
• Perks & Allowances would be admissible to officers upto the ceiling of 50% of Basic Pay.
• In this regard, a ‘Cafeteria approach’ has been introduced, allowing the officers to choose from set of perks & allowances.
• The cost of infrastructure facilities such as hospitals, holiday homes & clubs, and the medical expenses, attributed to officers have been loaded on pool basis. The current compulsory loading is 6% of BP.
• The perks & allowances admissible upto the balance of 44% of BP would be on individual basis.
• Perks & Allowances is under review from 1.4.10.
PERKS & ALLOWANCESPERKS & ALLOWANCES
12
• List of perks & allowances within 44% of BP would be as under:
– Tea Allowance– Reimbursement of lunch/ refreshment
expenses – Subsidized Canteen facilities, wherever
existing – Washing Allowance – for those who have not
been provided with protective clothing – Rationalization Adjustment Allowance (RAA) – Professional Updation Allowance – Children Education Assistance
PERKS & ALLOWANCESPERKS & ALLOWANCES
13
• List of perks & allowances within 44% of BP would be as under:
– Furniture items & maintenance reimbursement under Furniture hire Scheme
– Interest subsidy on HBA and Conveyance Advance
– LFA / LTC– Conveyance Facility– Nominated Hotel Facility – Brief Case/ Electronic Organizer/ Digital
Diary
PERKS & ALLOWANCESPERKS & ALLOWANCES
14
• Optional / new allowances :
– House Maintenance / Upkeep Allowance– Fitness Allowance– Professional Attire Allowance– Sundry Allowance
PERKS & ALLOWANCESPERKS & ALLOWANCES
15
• List of perks & allowances outside the purview of perks ceiling of 50% of BP
– North East Allowance – 12.5% of BP
– Special Allowance upto 10% of BP for serving in the difficult and far flung areas, subject to approval of Ministry.
– NPA
16
• Not uniformly admissible to all the employees.
• Depends on grade /nature of assignments & some other condition etc.
• Revision Cycle: 04 years
WORK RELATED ALLOWANCES
17
• Shift allowance for employees in rotating shiftShift allowance for employees in rotating shift
o Rates per shift for actually performing shift duty:
– OfficersOfficers – Gd. A&B - Rs.80 per shift (mor/eve)
- Rs.130 per shift (night)
– Gd. C & above - Rs.100 per shift (mor/eve)
- Rs.150 per shift (night)
– WorkmenWorkmen – all grades - Rs.65 per shift (mor/eve) – Rs.105 per shift (night)
18
• Washing allowance:Washing allowance: Payable rates:- & amount diverted towards SABF.
Category Payable rates
Officers
Payable rates
Work –men
Where uniform provided(eg.statu./medical etc.)
105 p.m.
25 p.m.
85 p.m.
14 p.m.
19
• Special Compensatory Off (SCO) for Special Compensatory Off (SCO) for 48 hrs. (officers)48 hrs. (officers)
o 9 SCOs per quarter automatically encashed in the first month after the quarter.
o SCO encashment includes BP, DA, Stagnation Increments.
20
• Compensation for performing duty beyond normal hrs. of workCompensation for performing duty beyond normal hrs. of work– Officers: Transport / out-of-pocket expenses for performing duty on:– On holidays / closed days or weekly rest days– Extended duty on regular working day– Emergency duty after office hrs. when called from homeo Compensation- For 48 hrs. vary from Rs.250/- to Rs.1400/-, For 36.25 hrs.-Rs.250-Rs.900/-o Compensatory off in certain situations.
¾ Workmen: OvertimeWorkmen: Overtime for performing duty beyond 48 hr.per week duty:
o Compensated by hourly overtime wages double the normal rate
21
Conveyance advance: For Gr. ‘A’ officersConveyance advance: For Gr. ‘A’ officers
o CAR – Rs. 2.65 Lac( recoverable in 144 inst.)
o 2–Wheeler: – Actual Cost –recoverable in 96 inst.
• Interest rate – 2.5% p.a. (Simple Interest on diminishing Principal amount)
House building Advance(HBA)House building Advance(HBA)
o Eligibility: After completion of 5 yrs.service.
o Ceilings–Gr. A,B&C--Rs.12Lac, D-F-14, G & above-16Lac----recoverable in 25yrs. Or balance service period
o Interest rateInterest rate– 5% p.a. (Simple Interest on diminishing Principal amount)
22
• Reimbursement of Conveyance Running & Maintenance expenses:Reimbursement of Conveyance Running & Maintenance expenses: to those officers who own cars/scooter /Motor-Cycles & utilize same for official duties/purpose: to those officers who own cars/scooter /Motor-Cycles & utilize same for official duties/purpose:
o Rates for cars: Annual ceiling for each grade have been fixed based on prescribed mileage rate for distance: • Grade A - Rs.37800 p.a. Rs.3150 pm• Grade B - Rs.58800 p.a. Rs.4900 pm• Grade C - Rs.59640 p.a. Rs.4970 pm• Grade D - Rs.72240 p.a. Rs.6020 pm• Grade E - Rs.73920 p.a. Rs.6160 pm• Grade F - Rs.88200 p.a. Rs.7350 pm• Grade G - Rs.92400 p.a. Rs.7700 pm• H& above - Rs.201600 pa Rs.16800 pm
o Rates for Scooter/ Motor-Cycles: Rs.1506 p.m., Moped Rs.807 pm
23
Conveyance facility for Sr. Executives:
– Those heading the key functions considered as equivalent to projects, would be entitled to Company car with driver :
§ Grade-H- Any Indian make/model Car up to Rs.6.5 lacs.§ Grade I - Any Indian make/mode Car up to Rs.7.5 lacs .
- Other Sr. Executives would be using their own car : § for which reimbursement towards conveyance R&M of Rs.16800 pm, Driver charges of Rs.8000 pm and Misc. charges of Rs.3000 pm is allowed.
24
• Officers are entitled to procure furniture items as under:
Grade Ceiling (in Rs.)
Hire charges (p.m.)
A 40,000/- 55/-
B 50,000/- 60/-
C 60,000/- 65/-
D 75,000/- 70/-
E 1,00,000/- 80/-
F 1,15,000/- 85/-
G 1,40,000/- 90/-
H/I 1,50,000/- 100/110/-
Furniture Scheme on HireFurniture Scheme on Hire
• Repair & Maintenance (R&M) - @ 10% p.a. • Replenishment – after 7 yrs.
25
• Home – Desk Top PC Scheme / LAPTOPHome – Desk Top PC Scheme / LAPTOP
o Cost ceiling - Rs.35,000/-
o Hardware /Software up-gradations- reimbursement up to Rs.5,000/- p.a. supported by vouchers.
o Maintenance and internet connectivity- reimbursement up to Rs.12,200/- p.a. on self-certification.
o Replenishment after 4 yrs. on buy back at depreciated value, calculated @25% p.a.
26
• Long Service Award Long Service Award to Employees:
o Awarded with 24 carat gold coin For rendering good and satisfactory service :
15 yrs. - 5 gm. Gold coin25 yrs. - 10 gm. Gold coin30 yrs. - 20 gm. Gold coin35 yrs. - 20 gm. Gold coinSuperannuation - 25 gm. Gold coin
27
• Traveling entitlement:
• Officers in Gd.A to C – By 2ND AC-Mail/Exp.Train• By air in certain specified sectors. Other than certain specified sectors in work-exigencies. • Officers in GD. ‘D’ & Above – By Air
• Daily allow. – Varies from Rs.800 to Rs.1100 per day
• Local Conveyance –Varies from Rs.200 to Rs.300 per Day
28
o Eligibility: Self, spouse, dependent eligible children and wholly dependent parents (residing under same roof &
income not exceeding Rs.3000/- p.m.)
o Frequency: Once in a block of 2 calendar years. o Present block yr.- 2009-2010.
o Place :Home town/any place in India by shortest route.
o Foreign visit on LTC: Gd. D & above can also visit abroad once in alternate block. Fare is restricted to farthest point mainland in India from the place of posting.
LEAVE TRAVEL CONCESSION
29
oExp. on hiring accommodation Exp. on hiring accommodation – Can – Can draw 100% DA amt. for self/family members for maxi. 10 nights.
oLTC EncashmentLTC Encashment Rate: o Gd. A/B/C – Rs.4532/- per ticket,o Gd.‘D & above’ -Rs.7700/- per ticket.
30
• Additional LTC facilities at North-Additional LTC facilities at North-East(NE) locationsEast(NE) locations
o Employees posted at NE locations having home-town outside NE states - can avail liberalized LTC facility.
o In addition to normal LTC - Employee & family members may visit home town once in two yrs.
31
Lump sum LFA in Lieu of LTCLump sum LFA in Lieu of LTC
o Employees can opt for lump-sum LFA in lieu of LTC entitlement. Lump-sum amount is admissible as under:
Sl.
Category/Grade Lump-sum entitlement
1. Workmen with BP less than Rs.15440/-
1.00 time of actual BP+DA of one month
2 Workmen with BP of Rs.15440/-& above
1.25 times of actual BP+DA of one month
3. Officers in Gd. A, B & C 1.50 time of actual BP+DA of one month
4. Officers in Gd. D, E & F 2.00 times of actual BP+DA of one month
5. Officers in Gd. G, H & I 2.50 times of actual BP+DA of one month
32
• Holiday HomesHoliday Homes – – Nainital,Puri, Darjelling,Goa, Mahabaleshwar, Ooty, Simla
& Manali.
• Nominated Hotels for oNominated Hotels for officers & Family members: Once in two yrs. Maxi. for 04 days, @Rs.50/- per day.
• Nominated Hotels: Mumbai. Kovalam, Udaipur, Port- Blair. Mussoorie,
Lonavala, Kodaikanal, Jodhpur & Gangtok
33
• Medical Benefits
o Eligibility: Employees & family members, viz. Spouse, wholly dependent children and parents to be declared dependent by employees.
o Parents’ eligibility–Combined monthly income not to exceed Rs.9000/-&should permanently reside with the employee under the same roof.
§ At Refinery locations: o Hospitals are maintained in Ref. townships having indoor, outdoor &
investigative facilities and equipped to meet all emergencies requirement.
o For specialized treatment which cannot be treated in hospital, the patient may be referred to an outside nominated hospital/specialist.
34
Medical Facility other than Refinery locations:
o AMA: May take treatment from an Authorized Medical Attendant (AMA) either under Allopathic or Homeopathic system only.
o Domiciliary & hospitalization treatment: may be obtained in any nursing home/ hospital or from specialist of choice.
35
o Nominated Hospitals: Almost all Super
Specialty/reputed Hospitals are nominated at various locations, where treatment may be obtained directly or on reference from office.
o Reimbursement of expend. : As per actuals subject to rules.
o Ceiling of charges: Ceilings on bed charges, consultation charges, dental treatment, physiotherapy treatment etc. have been laid down.
36
§ MEMBERSHIP OF PROFESSIONAL BODIESMEMBERSHIP OF PROFESSIONAL BODIES
o Reimbursement of Annual fees @ Rs.2000: For obtaining membership of any professional body/society relevant to profession.
o Reimbursement of Annual fees @ $ 150 0R Rs.7000: For obtaining membership of any international professional body/society relevant to profession.
o Life memberships / One time – RS.6000/-
37
§ MOBILE PHONE TO OFFICERSMOBILE PHONE TO OFFICERS
o Gr. A Officers -reimbursement of cost of Mobile Handset @ 7000.
o Call charges for Gr. A : Reimbursed up to Rs.1400/- for cycle of 02 months.
o Buy back: Old handset can be bought back after 04 yrs. at depreciated value @ 5% and new handset can be bought.
38
o Performance Related Performance Related Pay (PRP)Pay (PRP)
o MOU rating / performance of the Co.o Profit Before Tax of the Co.o Incremental profit of the Co.
– 60% of PRP will be given with a ceiling of 3% of PBT.– 40% of PRP will come from 10% of incremental
profit.– Total PRP, however, will be limited to 5 % of the
years PBT.
o Performance of the individual officero Grade of the individual officero ‘Bell curve approach’ in grading the officers
39
PRP %age linked to:PRP %age linked to:
o MOU rating – (40% to 100%). No PRP for Poor rating
o Performance of the individual officer - (40% to 100%). No PRP for Poor rating
o Grade of the individual officer – (40% to 200%)
40
• Superannuation BenefitsSuperannuation Benefits (under review)
o Co.’s contribution - 30% of BP & DA
o Superannuation Benefits: Will be under ‘defined contribution scheme’.
41
• Superannuation Benefit Fund Superannuation Benefit Fund Scheme (SABFScheme (SABF))
o It is a Employees’ Fundo Benefits: Accrue to members on
following conditions: oOn attaining age of superannuationoDeath / permanent total disablement
42
o Monthly direct contribution: Based on age-
group of employee at the time of joining the scheme.
o Rate: For age group up to 38 years-- 2% of BP+DA.
o Indirect contribution: Diversion of money equivalent of Uniform facility and some allowances / benefits like Tea Allowance, Washing Allowance, etc.
§ Benefits: Benefits: Monthly cash payments: After superannuation -40% of BP, DA & Non-Pract. Allow. wherever applicable, linked to 32 years of service.
43
•
§ Rehabilitation scheme under SABFRehabilitation scheme under SABF – in case of death or permanent total disablement- o Option-1 – Monthly payment of @ 40% of last
drawn salary to nominee -assuming notional superannuation
of Empl. (PF etc. dues can be withdrawn by nominee)
o Option-2–Monthly payment of full last drawn salary of employee to spouse till notional date of superannuation, subject to deposit of PF, Gratuity, Leave Encashment & Group Insurance amount.
o Thereafter, benefit would be based on the actual years of service put in by the deceased employee.
44
Option-3 – Employment to one of the suitable and dependent wards who possess the prescribed qualifications, fulfills the job specifications and meets other eligibility criteria of recruitment including medical fitness.
45
• Post Retirement Medical Scheme(PRMS)
o Enrolment & contribution: Enroll. done at retirement time by paying one time contribution (Rs.5250-9000 / 2600) for self, spouse, dependent parents & spastic child.
o Annual Domiciliary ceilings– Ranges from Rs.12000 to Rs.28000 pa.
o Annual Hospitalization ceilings : Ranges from Rs.25500 to Rs.63000 pa. Availed in 2 yearly block – if not utilized, carried forward to next.
o Hospitalization ceiling: Can be utilized for chronic OPD ailments, costly investigations, health check-up, etc. against vouchers.
46
o In case of hospitalization in non nominated hospitals- Expenses shall be reimbursed limited to prescribed Hospitalization ceiling.
o For treatment specified ailments : 100% reimbursement, subject to conditions.
o For other ailments- 85% reimbursement, subject to conditions.
47
Provident Fund (PF)Provident Fund (PF)
o Own PF Trustee : IOC has its own Provident Fund run by PF Trusts
o Employees’ Contribution : @ 12% of B. Pay & DA.
o Company contribution : Equal amount is paid.o Interest Rate : @ 8.5% p.a. on the accumulation.
o Refundable / non-refundable loans: Can be drawn for specified needs subject to specified conditions.
o Refund of contribution: Employees' and corporation's contribution, together with interest, is refunded at the time of retirement.
o Retention of fund: The retiree at his option, may retain the Fund beyond retirement for 8 years.
48
GratuityGratuity
o Gratuity rules - as per Payment of Gratuity Act, 1972
o Rate: Payable @15/26 of monthly emoluments for each completed year of service or part thereof in excess of six months(15/26XComted. yr. ser. X monthly emolu.)
o Maximum ceiling: Rs.10 lacs
o Ceiling Revision: by Govt. Of India from time to time.
o Payable at the time of separation: Provided service rendered in the Corporation is 5 years or more.
49
• BENEFITS TO NEW OFFICERS AFTER BENEFITS TO NEW OFFICERS AFTER
COMPLETION OF INDUCTION TRAINING AND COMPLETION OF INDUCTION TRAINING AND POSTING :POSTING :
o CONVEYANCE ADVANCEo FURNITURE ITEMS o HOME DESK-TOP PC / LAPTOPo MOBILE PHONE o BRIEFCASE
50
