Monday, August 6, 2012

ADDITION OF 5 YEARS TO THE QUALIFYING SERVICE FOR PENSION UNDER REGULATION 3.9 OF PANJAB UNIVERSITY CHANDIGARH PENSION REGULATION



PANJAB UNIVERSITY, CHANDIGARH 
(Pension Cell)

From
The Registrar,
Panjab University,
Chandigarh -- 160014
To
1.  All H.O.D.’s of Branches,  Deptt.s
2.  Director, Kauni,  Muktsar
3.  Director, PURC & Ext. Lib., Ldh.
4.  Director, PURC 7 SSGPURC, Hsp.

 No. 4772-4971/A                                   Date: 18/6/2012

Respected Sir/Madam

The Vice-Chancellor approved the proceedings of the Committee constituted with respect to addition of five years to the qualifying service for Pension under regulation 3.9 of P.U. Pension Regulation and allowed the benefit of special addition in qualifying service for pensionary benefits to an employee who has retired from a post in the University for which the following are essential qualification:
1.  Post-Graduate Research or Specialized qualification.
2.  Experience in Scientific, technological or professional field.
This benefit shall be allowed only to a candidate:
(i)     Who at the time of appointment has attained the age of 25 years and the essential requirements of such posts requires Post-Graduate Research or specialized qualification or experience  in Scientific Technology or Professional Field.
(ii)   The benefit in terms of years  which shall be added to the qualifying service shall depend upon the actual Post-Graduate Research or experience which a candidate has at the time of employment. It shall be decided on a case to case basis depending upon the terms and conditions of Advertisement, Post-Graduate Research, experience, etc. of the candidate at the time of appointment.


Yours faithfully,
Sd/-

Assistant Registrar(Pension)
For Registrar.

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PROFORMA ATTACHED TO THE LETTER No. 4772-4971/A dated 18/6/2012 FROM THE REGISTRAR FOR APPLYING:
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The Registrar
Panjab University
Chandigarh.
Sub: Application for addition of 5 years to the qualification service of pension.

Please refer to letter No. 4772-4971/A   dated 16.6.2012 stating that the Vice-Chancellor approved the proceedings of the Committee constituted with respect to addition of five years to the qualifying service for Pension under regulation 3.9 of P.U. Pension Regulation and allowed the benefit of special addition in qualifying service of pensionary benefits to an employee who has retired from a post in the University.

I am to submit the following details:

1 Name of the applicant and PPO

2 Designation and Dept.

3 Post and date of appointment in University Service (Entry point)

4 Date of Birth and age at the time of recruitment

5 Date of retirement at the age of 60 years of age

6 Length of service for getting pension

7 Prescribed qualifications for the post at Sr. No. 3

8 Qualifications and experience of the applicant at the entry point (attested copies of documentary proof of essential or specialized qualification or experience in the scientific, technological or professional field as required at the time of recruitment for the selection for the post at the entry point.

Thursday, August 2, 2012

DA from July 2012 to be 72%



AICPI (IW) (All-India Consumer Price Index Numbers for Industrial Workers on Base 2001=100) for the month of June 2012, has been published by Government today. AICPI (IW) has increased from 206 to 208.
The Dearness Allowance payable to Central Government Employees and Pensioners is determined based on All India Consumer Price Index for Industrial Workers. After implementation of sixth pay commission, AICPI (IW) (Base 2001=100) is used to determine DA. DA for Central Government Employees and Pensioners has to be reviewed twice annually and revision if any would be payable with effect from 1st January and 1st July every year.
How to calculate DA from AICPI (IW)?
To calculate Dearness Allowance we require AICPI (IW) for previous 12 months.

Dearness Allowance with effect from 1st January every year
(Average of AICPI-IW for the months from January to December of previous year – 115.76)X100/115.76
Dearness Allowance with effect from 1st July every year
(Average of AICPI-IW for the months from July of previous year to June of this year – 115.76)X100/115.76
115.76 is a factor which converts 1982 series AICPI (IW) (Base 1982=100), which was applicable prior to 6CPC to 2001 series AICPIW (Base 2001=100). In turn, This is arrived at by dividing the 1982 series AICPI by a linking factor which is 4.63 (536/4.63=115.76)

Calculation of DA with effect from 1st July 2012:

So we have all the data for calculating Dearness Allowanance with effect from 1st July 2012 now.
Month
AIl Indian Consumer Price Index (AICPI-IW)
July 2011
193
Aug 2011
194
Sep 2011
197
Oct 2011
198
Nov 2011
199
Dec 2011
197
Jan 2012
198
Feb 2012
199
Mar 2012
201
Apr 2012
205
May 2012
206
Jun 2012
208

Average of AICPI (IW) for the period from July-2011 to June-2012:

(193+194+197+198+199+197+198+199+201+205+206+208)/12
= 199.58
DA with effect from 1st July 2012
= (199.58-115.76)X100/115.76)

= 72.41

Rounded to 72