AIBOC CIRCULAR NO. 43 DATED 28.04.2011

AIBOC issued its circular No. 43 dated 28.04.2011 on revision of rate of reimbursement of expenses incurred for transportation of personal effects.

CIRCULAR NO.43                                                  DATE: 28.04.2011

TO ALL AFFILIATES /MEMBERS:

REVISION IN RATE OF REIMBURSEMENT OF EXPENSES INCURRED FOR TRANSPORTATION OF PERSONAL EFFECTS

One of the issues taken up with the IBA, by AIBOC was to revise the rates prescribed by the IBA for reimbursement of expenses incurred by officers on account of transportation of personal effects on transfer, as present rates fixed in August 2006, were not sufficient to take care of the actual expenses incurred by officers. With our continued follow-up, we are successful in getting revision in rates by the IBA.  The following are the revised rates with effect from 01.04.2011:

I.          Officers on transfer from one place to another:

            Distance in Kms                                    Rate in per ton/per Km.

1.         Upto 1000 KMs                                                  2.80

2.         Beyond 1000 KMs                                             2.00

II.          Minimum threshold limit of Distance:

            The officers transferred to shorter distance upto 300 Kms, reimbursement may be permitted upto the amount chargeable for 300 Kms. i.e., 300 x weight x ` 2.80.

III.         Officers who are transferred into and out of hilly terrains may be reimbursed two times the applicable rate for the distance covered in hilly terrain and the balance distance at normal rates.

We hope that, revised rates will take care of the actual expenses to be incurred by the officers.

All our affiliates/members to take note of the improvements in the scheme.

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY