Hi dear thanks for the update. This has disappointed those retirees from 1.1.2006 to 31.12.2006 who are deprived of the retirement benefit at the fag end of their life. gln
From India, Hyderabad
From India, Hyderabad
Before the above amendment, the enhanced Gratuity of Rs.10 Lakhs was paid to eligible retirees from 69 central PSUs (following central DA pattern) out of 240+ central PSUs based on the guidelines & administrative orders issued by the Department of Public Enterprises w.e.f. 1.1.2006, quoting the past judgment of Hon. Supreme Court.
The effective date for the remaining 180 central PSUs (following industrial DA pattern) was made effective from 1.1.2007 instead of 1.1.2006 on the grounds of wage revision due date & DA pattern followed.
Many of these affected retirees (1.1.2006 to 31.12.2006) have made individual appeals to concerned authorities praying for an amendment in Gratuity Act with a retrospective date of 1.1.2006 so that the disparity created between the two groups of central PSUs and paying retirement Gratuity from two different dates - one group of 69 PSUs w.e.f. 1.1.2006 & other 180+ central PSUs w.e.f. 1.1.2007.
But the Hon. Labour Minister has not given consideration to such appeals and demands/suggestions of some of Hon. Members when the Bill was presented in Parliament/Rajya Sabha quoting the grounds of financial affordability if the amendment is made w.e.f. 1.1.2006. Thus, the amendment is made effective from 24.5.2010. This has caused severe disappointment to this group of employees retired from other central PSUs like ONGC, BHEL, HPCL, IOC, PGCIL, NTPC, etc. & It is very difficult to convince themselves to bear the huge loss of about Rs.6.5 Lakhs.
The Gratuity PAID ON RETIREMENT towards 25 Years+ of service was Rs.3.5 Lakhs WHILE THE RETIREMENT BENEFIT LOST AS ABOUT IS Rs.6.5 Lakhs (JUST FOR NOT HAVING SERVICE OF A DAY IF RETIREMENT DATE WAS ON 31.12.2006 & MAXIMUM ONE YEAR IF RETIREMENT DATE WAS ON 31.1.2006) this is really painful and severe ANGUISH/hardship in retirement life.
Financial affordability for these PSUs was not an issue since many of these PSUs are Navaratna/Miniratna/Maharatna status companies having sufficient & huge profits, but the Management was constrained by guidelines of DPE then.
Now one of the other options left for this group of retired/affected individuals to get this injustice removed is to approach the Rajya Sabha petitions committee that in the past in some cases has considered severity and given sympathetic consideration without driving them to Judicial remedial process. This is also one of the opportunities for the Central Govt. to correct themselves of the error of judgment/criteria followed.
For details & better understanding member may please refer Parliament/Rajya Sabha portal that contains the list of names & details of 10 Honourable members of the committee. It is worth making an effort as the loss in some cases is a very huge difference of Rs.6.5 Lakhs.
Hence, I appeal to all my brethren retirees to make individual appeals through any of the Rajya Sabha Members wherever possible. If not, let us join hands and come forward to take up the issue with respective Rajya Sabha Members convincing them of the injustice resulted to us and the need for sympathetic consideration to senior citizens in their retirement life.
Thanks & regards.
G. Laxminarasimhulu.
From India, Hyderabad
The effective date for the remaining 180 central PSUs (following industrial DA pattern) was made effective from 1.1.2007 instead of 1.1.2006 on the grounds of wage revision due date & DA pattern followed.
Many of these affected retirees (1.1.2006 to 31.12.2006) have made individual appeals to concerned authorities praying for an amendment in Gratuity Act with a retrospective date of 1.1.2006 so that the disparity created between the two groups of central PSUs and paying retirement Gratuity from two different dates - one group of 69 PSUs w.e.f. 1.1.2006 & other 180+ central PSUs w.e.f. 1.1.2007.
But the Hon. Labour Minister has not given consideration to such appeals and demands/suggestions of some of Hon. Members when the Bill was presented in Parliament/Rajya Sabha quoting the grounds of financial affordability if the amendment is made w.e.f. 1.1.2006. Thus, the amendment is made effective from 24.5.2010. This has caused severe disappointment to this group of employees retired from other central PSUs like ONGC, BHEL, HPCL, IOC, PGCIL, NTPC, etc. & It is very difficult to convince themselves to bear the huge loss of about Rs.6.5 Lakhs.
The Gratuity PAID ON RETIREMENT towards 25 Years+ of service was Rs.3.5 Lakhs WHILE THE RETIREMENT BENEFIT LOST AS ABOUT IS Rs.6.5 Lakhs (JUST FOR NOT HAVING SERVICE OF A DAY IF RETIREMENT DATE WAS ON 31.12.2006 & MAXIMUM ONE YEAR IF RETIREMENT DATE WAS ON 31.1.2006) this is really painful and severe ANGUISH/hardship in retirement life.
Financial affordability for these PSUs was not an issue since many of these PSUs are Navaratna/Miniratna/Maharatna status companies having sufficient & huge profits, but the Management was constrained by guidelines of DPE then.
Now one of the other options left for this group of retired/affected individuals to get this injustice removed is to approach the Rajya Sabha petitions committee that in the past in some cases has considered severity and given sympathetic consideration without driving them to Judicial remedial process. This is also one of the opportunities for the Central Govt. to correct themselves of the error of judgment/criteria followed.
For details & better understanding member may please refer Parliament/Rajya Sabha portal that contains the list of names & details of 10 Honourable members of the committee. It is worth making an effort as the loss in some cases is a very huge difference of Rs.6.5 Lakhs.
Hence, I appeal to all my brethren retirees to make individual appeals through any of the Rajya Sabha Members wherever possible. If not, let us join hands and come forward to take up the issue with respective Rajya Sabha Members convincing them of the injustice resulted to us and the need for sympathetic consideration to senior citizens in their retirement life.
Thanks & regards.
G. Laxminarasimhulu.
From India, Hyderabad
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