Creation of Corpus for retired Employees and introduction of Superannuation Benefit Scheme for Central PSU Employees
F.No. 2(1)/2013-DPE (WC)-GL-VI/13Government of IndiaMinistry of Heavy Industries & Public EnterprisesDepartment of Public EnterprisesPublic Enterprises BhawanBlock 14, CGO Complex,Lodi Road, New Delhi-110003Dated : 24th January, 2013OFFICE MEMORANDUMSubject:- Issue of creation of ‘Corpus’ for the retired employees of CPSEs and introduction of Superannuation Benefit Scheme for the executives and non-unionized supervisors of CPSEs after 01.01.2007The undersigned is directed to refer to Para ‘4’ of DPE O.M. No.2(81)/08-DPE(WC) dated 08.07.2009 read with Para ‘2 (i)’ of O.M. No.2(81)/08-DPE(WC) dated 20.07.2011 and Para ‘V’ of Annex-‘IV’ of DPE O.M. No.2(70)/08-DPE(WC) dated 26.11.2008 read with Para ‘2 (ii)’ of DPE O.M. 2(70)/08-DPE(WC) dated 02.04.2009 on the subject noted above and to state that the benefit for employees who have retired from CPSEs prior to 01.01.2007 is totally different from that of executives and non-unionized supervisors retiring subsequent to 01.01.2007 and the sourcing of funds for these two mutually exclusive categories of employees is also different. One of the administrative Ministry has requested comments of DPE on both the schemes. After due consideration, a need was felt that a general clarification/comments on both the schemes may be issued so that there may be no confusion in operation of both the schemes. The clarifications sought and the comments/clarification of DPE in this regard are enclosed.2. All administrative Ministries/Department of Government of India are requested to bring the foregoing to the notice of the CPSEs under their administrative control for action at their end.
Encl. As aboveSd/-(Umesh Dongre)DirectorEnclosure of DPE O.M. No.2(1)/2013-DPE (WC) DATED 24.01.2013