AIBOC issued its circular No. 18 on increasing Gratuity Ceiling from Rs. 3.5 lacs to Rs.10.00 lacs. We are reproducing the same here for our readers.
CIRCULAR NO.18 26.02.2010
TO ALL AFFILIATES/MEMBERS:
CONFEDERATION DEMANDS ENHANCEMENT OF CEILING ON GRATUITY FROM RS 3.5 LACS TO RS.10.00 LACS - AMENDMENT SHOULD BE MADE EFFECTIVE FROM 1.1.2006 - RESOLUTION ADOPTED FORWARDED TO THE GOVERNMENT
The Executive Committee of All India Bank Officers’ Confederation met at Panjim:Goa on 17th February 2010, had an occasion to discuss the issue of the ceiling on Gratuity and the implementation of the enhancement in the ceiling from Rs.3.5 lacs to Rs.10.00 lacs in respect of the Public Servants retrospectively by way of administrative notification pending amendment to the Payment of Gratuity Act 1972 with effect from 1.1.2006.
The members of the Committee were of the unanimous view that the Government should be urged to extend a similar concession in respect of the Bank Officers as well as done in the case of their own employees pending the amendment in regard to the proposed enhancement of ceiling under the act. The members were also of the unanimous view that the service rules of the Bank Officers are akin to that of the civil servants and hence on the same logic the Bank Officers should also be extended the same concession under the Gratuity Act without any discrimination.
After detailed deliberations, it was unanimously decided to adopt a resolution to this effect and forward the same. Accordingly, a resolution was adopted in the meeting. A copy of the same has been forwarded to the Hon’ble Minister of Finance and also the Hon’ble Minister of Labour, Government of India, New Delhi for their favorable consideration. A copy of the communication sent to them along with the copy of the resolution is enclosed.
All our affiliates/members are requested to await further developments in the matter.
With greetings,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY
No.1410/50/10 23.02.2010
To,
Sri. Pranab Kumar Mukherjee
Hon’ble Finance Minister,
Government of India,
South Block,
Parliament House,
New Delhi.
Dear Sir,
ENHANCEMENT IN CEILING ON GRATUITY FROM RS.3.5 LACS TO RS.10 LACS - AMENDMENT TO BE MADE EFFECTIVE FROM 1.1.2006
The Executive Committee of All India Bank Officers’ Confederation which met on 17th February 2010 at Goa has unanimously resolved to seek early clearance of the amendment to the Payment of Gratuity Act 1972 enhancing the ceiling from Rs.3.5 lacs to Rs.10 lacs payable with effect from 1.1.2006. The members appreciated the gesture on part of the Government in extending the benefit of the enhanced ceiling on Gratuity to their employees pending amendment to the Gratuity Act by way of an administrative order. The Executive committee, therefore urges the Hon’ble Minister of Finance to take a similar view in respect of the employees and officers working in the Banking Industry and issue a suitable administrative order to this effect. The Executive Committee also urges upon the Hon’ble Minister to take steps to effect the amendment from 1.1.2006.
A copy of the resolution passed is enclosed.
We request your kind intervention and necessary action in the matter.
Please treat the matter as urgent.
Thanking you sir,
Yours faithfully,
(G.D. NADAF)
GENERAL SECRETARY
Encl: a/a
RESOLUTION:-
ENHANCEMENT IN CEILING ON GRATUITY FROM RS.3.5 LACS TO RS.10 LACS - AMENDMENT TO THE CENTRAL GRATUITY ACT 1972 TO BE MADE EFFECTIVE FROM 1.1.2006
One of the issues which came up for discussion in the Executive Committee of All India Bank Officers’ Confederation at its meeting held at Goa on 17th February 2010 was the recent improvements that were effected in regard to the ceiling on Gratuity payable to the Public Servants by the Government, keeping in tune with the recommendations of the 6th Pay Commission. The Pay Commission has gone into the details of the various factors that are inbuilt in deciding the quantum of Gratuity and the Ceiling prescribed in the Gratuity Act. The Commission took a positive view and has taken into account the increasing cost of living and the inflation rate that was responsible in eroding the real wages of the Public Servants and accordingly recommended that the Gratuity Ceiling payable under the Payment of Gratuity Act-1972 should be raised from Rs.3.5 lacs to Rs.10 lacs. In a most positive manner the Central Government as a model employer has taken the recommendations in the right spirit and has extended the benefit of the enhanced ceiling of Rs.10 lacs to their employees with effect from 1.1.2006 pending amendment to the Central Gratuity Act 1972 for the purpose. The Public Servants are thus given a great relief by protecting the erosion in the value of their superannuation benefits at the time of their retirement.
The Pay Commission Recommendations were given effect from 1.1.2006 and an administrative order was issued by the Government to provide the benefit of higher ceiling in Gratuity raising the same from Rs.3.5 lacs to Rs.10 lacs retrospectively to all the retirees from the same date pending the amendment to the Gratuity Act. The members of the Executive Committee appreciated this gesture on part of the Government and applauded their concern to the retirees from the Government service. The members also expressed their full faith in the Government’s attitude towards the employees of the Public Sector units including the Banking Industry whose service conditions are akin to that of the Civil Servants. While, the members were confident that the Government is making all out efforts to bring an amendment to the Gratuity Act, they have expressed their serious concern about the delay in moving the amendment to the Gratuity Act, giving effect to the enhancement of the Ceiling as proposed by the 6th Pay Commission and also the need for giving it a retrospective effect, to avoid discrimination between the Government employees and the employees of the Banking Industry. The Committee therefore urges the Government of India to take note of the concern of the Bank employees and see that the amendments are passed at the earliest giving the benefit of enhancement effective from 1.1.2006. The Government should also send an administrative order to all the Public Sector units including the Banking Industry to the effect that those who have retired from 1.1.2006 should be paid the enhanced gratuity amount as paid in respect of the public servants pending the amendment to ensure that the benefit is passed on to all those who have already retired pending the amendment to the Gratuity Act.
The members of the Executive Committee of All India Bank Officers’ Confederation are hopeful of a positive action on part of the Government in this regard.
Resolution moved by Com.A.K.Motayed, Jt.General Secretary.
Resolution seconded by Com.J.D.Sharma, Dy.General Secretary.
Resolution was adopted unanimously.
Sd/-
(K.S. SHETTY)
PRESIDENT
No.1410/57/10 26.02.2010
To,
Sri. Mallikarjuna Kharge,
Hon’ble Minister for Labour,
Government of India,
New Delhi.
Dear Sir,
ENHANCEMENT IN CEILING ON GRATUITY FROM RS.3.5 LACS TO RS.10 LACS - AMENDMENT TO BE MADE EFFECTIVE FROM 1.1.2006
The Executive Committee of All India Bank Officers’ Confederation which met on 17th February 2010 at Goa has unanimously resolved to seek early clearance of the amendment to the Payment of Gratuity Act 1972 enhancing the ceiling from Rs.3.5 lacs to Rs.10 lacs payable with effect from 1.1.2006. The members appreciated the gesture on part of the Government in extending the benefit of the enhanced ceiling on Gratuity to their employees pending amendment to the Gratuity Act by way of an administrative order. The Executive committee, therefore urges the Hon’ble Minister for Labour to take a similar view in respect of the employees and officers working in the Banking Industry and issue a suitable administrative order to this effect. The Executive Committee also urges upon the Hon’ble Minister to take steps to effect the amendment from 1.1.2006.
A copy of the resolution passed is enclosed.
We request your kind intervention and necessary action in the matter.
Please treat the matter as urgent.
Thanking you sir,
Yours faithfully,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY
Encl: a/a
RESOLUTION:-
ENHANCEMENT IN CEILING ON GRATUITY FROM RS.3.5 LACS TO RS.10 LACS - AMENDMENT TO THE CENTRAL GRATUITY ACT 1972 TO BE MADE EFFECTIVE FROM 1.1.2006
One of the issues which came up for discussion in the Executive Committee of All India Bank Officers’ Confederation at its meeting held at Goa on 17th February 2010 was the recent improvements that were effected in regard to the ceiling on Gratuity payable to the Public Servants by the Government, keeping in tune with the recommendations of the 6th Pay Commission. The Pay Commission has gone into the details of the various factors that are inbuilt in deciding the quantum of Gratuity and the Ceiling prescribed in the Gratuity Act. The Commission took a positive view and has taken into account the increasing cost of living and the inflation rate that was responsible in eroding the real wages of the Public Servants and accordingly recommended that the Gratuity Ceiling payable under the Payment of Gratuity Act-1972 should be raised from Rs.3.5 lacs to Rs.10 lacs. In a most positive manner the Central Government as a model employer has taken the recommendations in the right spirit and has extended the benefit of the enhanced ceiling of Rs.10 lacs to their employees with effect from 1.1.2006 pending amendment to the Central Gratuity Act 1972 for the purpose. The Public Servants are thus given a great relief by protecting the erosion in the value of their superannuation benefits at the time of their retirement.
The Pay Commission Recommendations were given effect from 1.1.2006 and an administrative order was issued by the Government to provide the benefit of higher ceiling in Gratuity raising the same from Rs.3.5 lacs to Rs.10 lacs retrospectively to all the retirees from the same date pending the amendment to the Gratuity Act. The members of the Executive Committee appreciated this gesture on part of the Government and applauded their concern to the retirees from the Government service. The members also expressed their full faith in the Government’s attitude towards the employees of the Public Sector units including the Banking Industry whose service conditions are akin to that of the Civil Servants. While, the members were confident that the Government is making all out efforts to bring an amendment to the Gratuity Act, they have expressed their serious concern about the delay in moving the amendment to the Gratuity Act, giving effect to the enhancement of the Ceiling as proposed by the 6th Pay Commission and also the need for giving it a retrospective effect, to avoid discrimination between the Government employees and the employees of the Banking Industry. The Committee therefore urges the Government of India to take note of the concern of the Bank employees and see that the amendments are passed at the earliest giving the benefit of enhancement effective from 1.1.2006. The Government should also send an administrative order to all the Public Sector units including the Banking Industry to the effect that those who have retired from 1.1.2006 should be paid the enhanced gratuity amount as paid in respect of the public servants pending the amendment to ensure that the benefit is passed on to all those who have already retired pending the amendment to the Gratuity Act.
The members of the Executive Committee of All India Bank Officers’ Confederation are hopeful of a positive action on part of the Government in this regard.
Resolution moved by Com.A.K.Motayed, Jt.General Secretary.
Resolution seconded by Com.J.D.Sharma, Dy.General Secretary.
Resolution was adopted unanimously.
Sd/-
(K.S. SHETTY)
PRESIDENT
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