Uiic Benefits

8/10/2019 Uiic Benefits

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PAY SCALES

AO

SCALE - I

AM

SCALEII

DY.MGR. SCALE

III

MANAGER

SCALE-IV

RM/CM SCALE

V

DGN

SCALE-VI

GM

SCALE-VII

17240 23120 28160 34460 41660 46610 52210

18080 23960 29000 35660 42860 48010 53610

18920 24800 29910 36860 44060 49410 55010

19760 25640 30820 38060 45260 50810 5651020600 26480 31730 39260 46610 52210 58150

21440 27320 32640 40460 47960 53610 59850

22280 28160 33550 41660

23120 29000 34460 42860

23960 29910 35660 44060

24800 30820 36860

25640 31730 38060

26480 32640 39260

27320 33650 40460

28160 34460 41660

29000 35370

29910 36280

30820 37190

31730 38100

62640 3901033550

34460

35370

STENO/ SR.ASST ASSISTANT RECORD CLERK DRIVER SUB-STAFF FTS

10670 7640 7085 7085 6180

11425 8080 7390 7390 6430

12180 8560 7695 7695 6680

12935 9040 8020 8010 6930

13690 9580 8345 8325 7180

14530 10120 8670 8640 7430

15370 10660 8995 8955 7695

16210 11200 9320 9270 7960

17050 11740 9670 9585 822517890 12365 10060 9900 8490

18730 12990 10450 10215 8755

19570 13750 10880 10530 9020

20410 14510 11310 10845 9285

21250 15270 11740 11160 9550

22090 16060 12220 11475 9865

22930 16850 12700 11790 10190

23770 17690 13180 12105 10515

24610 18530 13660 12455 10905

25450 19370 14140 12805 11295

26290 20210 14670 13195 11685

27130 21050 15200 13585 12075

27970 21890 15730 13975 12465

28810 22730 16260 14365 12855

29650 23570 16790 14755 1324530490 24410 17320 15145 13635

31330 25250 17850 15535 14025

26090 18380 15925

26930 18910 16315

Record Clerk who have reached ceiling of the scale after completion of one year will be taken to

Assistant scale and will get increment.

Sub-Staff/Driver who have reached ceiling of the scale after completion of one year will be taken to

Record Clerk scale and will get increment.


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PAY SCALES CLASS-II

DEV OFF

GR-1

DEV OFF GR-1 DEV OFF GR-1 DEV OFF GR-2

12175 18995 26055 8280

12930 19775 26875 8820

13685 20555 27715 9360

14440 21335 28555 990015195 22115 29395 10515

15950 22895 30235 11130

16705 23675 31075 11745

17460 24455 31915 12360

18215 25235 32755 12975

13590

14205

CLASSIFICATION OF CITIES

FOR HRA: A CLASS CITY: Cities of Mumbai, Navi Mumbai, Kolkata, New Delhi, Chennai, Ahmedabad, Bengaluru, Hyderabad, Pune, Faridabad,

Ghaziabad, Noida and Gurgaon.

B CLASS CITY:Cities with Population exceeding 12 lacs except the cities mentioned at serial number 1, Gandhinagar and all cities in the state ofGoa.

C CLASS CITY:All other Places

For CCA: A CLASS CITY: Cities of Mumbai, Navi Mumbai, Kolkata, New Delhi, Chennai, Ahmedabad, Bengaluru, Hyderabad, Pune, Faridabad,

Ghaziabad, Noida and Gurgaon.

B CLASS CITY: Cities with Population exceeding 12 lacs except the cities mentioned at serial number 1, Gandhinagar and all cities in the state of

Goa.

C CLASS CITY: Cities with population of 5 lacs and above but not exceeding 12 lacs, State capitals with population not exceeding 12 lacs,

Chandigarh, Mohali, Panchkula, Pondicherry, Port Blair.

2. DA:Basic x 0.15% (Slab means 4 points rise or fall above 2944 points in All India CPI 1960 Base)

3. HRA

CITY-A CITYB CITYC

RATE Min Rs. Max

10% 700 3200

RATE Min Rs. Max

8% 600 2700

RATE Min Rs. Max

7% 570 2600

4 CCA

CCA

CLASSI

CLASSII

CLASS-III & IV

CITY - A CITYB CITY-C

RATE Rs

3% 800

3% 675

3% 205 - 635

RATE Rs

2.5% 760

2.5% 625

2.5% 170 - 595

RATE Rs

2% 590

2% 545

2% 125-510

5. QUALIFICATION PAY: Class 2,3,4 Licentiate-Rs.180/-pm, AssociateRs.490/- pm, Fellow/MBA-Rs.820/-pm.

6. GRADUATION INCREMENTS: Assistants who passed Graduation before 1stday of August 2007 are eligible for Two increments (who has not

reached ceiling).


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7. GRADUATION ALLOWANCE: On reaching ceiling

AssistantRs.300/- for 1styear, - Rs.530/- 2

ndyear onwards.

R.C. who completed the graduation is eligible for Grad.Allow. Rs.200/- pm.

8. SPECIAL FUNCTIONAL ALLOWANCE:

Cashier Rs.800/- p.m

Sub-staff (Cash & Key) Rs.375/- p.m

Sub-Staff (other than cash & key) Rs.165/- p.m

Steno to CMD/GM/DGM Rs. 75/- p.m

Telex Operators Rs. 60/-p.m

9. FIXED PERSONAL ALLOWANCE

Rev Pre Rev Rev Pre-Rev

GM 1700 400 CI.II.Gr.1 840 230

DGM 1400 300 CI.II.Gr.2 615 130

R.M 1350 250 Sr.Asst/Steno/Asst. 840 230

Mgr/DY.mgr 1200 250 R.C 530 130

AM/AO 910 230 Drive/S.S 390 100

Pre Revised FPA will qualify for PF and other superannuation benefits ie., EL,Encashment, Gratuity & Pensiion.

10. STAGNATION INCREMENT:MANAGER DY.MGR AM AO

I INCR.EVERY 3 YRS 2 INCR.EVERY 3 YRS 5 INCR. EVERY 3 YEARS 3 INCR. EVERY 3 YEARS

DEV. OFF GR 1 DEV.OFF GR.2 SR.ASST./STENO ASST

3 INCR.EVERY 3 YRS 3 INCR. EVERY 3 YEARS 6 INCR. EVERY 3 YEARS 7 INCR. EVERY 2 YEARS

11. WASHING ALLOWANCE:Rs.150/- p.m

12. KIT ALLOWANCE:Class 1 = Rs.4000/-, class 3,4 Rs.1000 one time or transfer to hill station

13. TRANSPORT ALLOWANCE: Class 1 = Rs.800/- p.m, Class 2=Rs.375/-, Class 3 & 4= Rs.275/- p.m. For Physically Handicapped

w.e.f.01.01.2011 Rs.400/- p.m

14.PARADEEP PORT ALLOWANCE:With effect from 01.11.2010 or date of appointment, whichever is later, every confirmed employee posted

in the office of the Company in Paradeep Port shall be paid an allowance of Rs.110/-p.m. so long as he is posted in that office. This allowance

shall not be treated as basic salary for any purpose.

15. HILL STATION ALLOWANCE:

SL.NO High of Place of Posting

(above mean sea level)

Class II, III & IV Class I

1. 1500 meters and above 2.5% of the Basic pay subject to max of

Rs.370 per month Rs.460

2. 1000 meters and over but less than 1500 meters, Mercara and places

which are specifically declared as Hill Station by Central Govt. or as the

case may be, the State Govt. for their employees

2% of the Basic pay subject to Max. of

Rs.290/- Rs.370 p.m

3 Not less than 750 meters and accessible only through hills with a height

of 1000 meters and over

2% of the Basic pay subject to Max. of

Rs.290/- pm Rs.370/-

16. SPECIAL AREA ALLOWANCE: As per LIC

17. HINDI EXAM

Marks Prabodh Praveen Pragya

Above 70% 800 1200 1200

60%-70% 400 800 800

55% - 60% 200 400 400

(Asst (T) who passes Hindi Typing-1 advance Increment for 1 year)

(Steno (E) who passes Hindi Steno-2 ad.increment for 1 year) In addition to advance increment, cash incentive also payable on securing themarks as follows:

Marks Typist Marks Steno

Above 97% 1200 Above 95% 1200

95%-97% 800 92%-95% 800

90%-95% 600 88% -92% 400


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18. LEAVE TRAVEL SUBSIDY:

BLOCK YEAR Class-1 (2011-12) (odd to even year)

Class-2,3,4 2010-11 (Even to odd year)

ENTITLEMENT: BASIC BELOW Rs.12,365/-: II Cl.Sleeper

BASIC ABOVE Rs.12,365/-: II AC

Fare & Surcharge II CL.Sleeper - Rs.531/-(3000kms)

As applicable I Class - Rs.1983/-(3000kms)

II AC - Rs.2070/-(3000kms)

6000 kms. To & fro per person w.e.f.12.04.2011

19. EL ENCASHMENT: For all Classes: Block year 2010-11 (every 2 yrs.)

Entitlement: Basic +DA+HRA+CCA

Mandatory leave for 15 days for availing EL encashment is withdrawn w.e.f.01.12.2010

LEAVE RULES REVISED: (w.e.f.01.01.2011)

Casual Leave:Allowing half day Casual Leave for a maximum of Six occasions in a calendar year (12)

R.H:Can be clubbed with any leave (2)

Intervening Holidays between casual leaves not to be taken into account as leaves.

EL:The Provision of availing Earned Leave is reduced to minimum of six days in place of seven days. (240 max. accumulation)

20. MATERNITY LEAVE: For female employee including PTS not exceeding 180 days in respect of each confinement not exceeding 12 months

including miscarriage, medical termination of pregnancy.

21. ADOPTION LEAVE: Adoption leave for childless female employee including PTS not exceeding 2 months in respect of only one child.(Subject to childs age below 12 months)

22.SPECIAL SICK LEAVE: Allowed for a period not exceeding 6 months on half pay, if NO sick leave to his/her credit for major diseases-Cancer,

Leprosy, TB. Paralysis, Brain Tumor, Cardiac ailment, Kidney diseases, AIDs or Mental Diseases.

23. FESTIVAL ADVANCE:

Class 1 Rs.13,000/- OR One months Gross Salary whichever is less

Class-2,3,4 Rs.11,000/- OR one months Gross Salary whichever is less

PTS Rs.5,500/-

24. FLOOD/DROUGHT ADVANCE: Rs.15,000/- payable in 25 equal installments.

25. PF LOANS:

For all classes Refundable Non-Refundable

Purchase of Plot/House, Construction of

house, Higher education, Major illness

3 times of basic +DA

Marriage Max. 6 months Basic +DA Payable

Other occasions Max.3 months Basic+DA 3 times basic + DA

Employees who are retiring can withdraw 90% of accumulated PF own contribution within one year to their retirement.

26. VEHICLE LOAN

Class I Rs.50,000/- or vehicle cost whichever is less

Class3 & 4 Rs.25,000/- or 80% of vehicle cost whichever is less Deduction in 60

Installments

27.HOUSING LOAN

Sch.Loan Sup.Loan Sch.Loan Sup.Loan

GM& Above 400000 600000 Dev.Off 275000 375000

DGM 400000 500000 Sr.Asst/Steno/Asst 275000 325000

RM/MGR 400000 450000Dy.MGR 365000 435000 RC 225000 275000

AM/AO 325000 375000 Sub-staff 175000 225000

Interest Chargeable5% on Scheme Loan and 7.5% on Supplementary loan; if let out addl.int of 2.5% on the scheme loan.

EligibilityMaximum of 45% of Gross salary

Second Loan: Eligible amount: Difference in Loan availed & Present Loan

Eligibilitycan be availed two times in service


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28. GROUP MEDICLAIMELIGIBLE SUM INSURED

Basic below 22,730/- Rs.70000/-

Basic Rs.22,731/- to 29,000/- Rs.1,00,000/-

Rs.29,001/- and above Rs.1,55,000/-

Employees can opt Sum Insured upto Rs.5,00,000/- Retired employees also eligible for Group Mediclaim along with spouse, and two dependent

children.

29. CMD S RELIEF FUND

For Major illness- 2 times in a service upto a maximum of Rs.3 lakh per illness or 90% reimbursement of incovered amount. 80% of medical

Exp. Sub to a max. Rs.5 lakhsfor self/non earning spouse and dependent children.

30. LUMPSUM MEDICAL BENEFITS:

Class1: Basic below Rs.31,725/- -8,000/-, above Rs.31,725/- Rs.12000/- payable in the month of December for completed year.

Class2: Basic below Rs.25,235/- - Rs.5000/-, above Rs.25,235/- Rs.8000/- payable in the month of December for completed year.

Class 3 & 4 Rs.4,000/- payable in the month of July for advance year.

31. UNIFORMS

Sub-Staff/FTS 5 sets uniform & 1 set shoes every 2 years; 1 pair chappals for female

employees every year, umbrella (or) Rain coat once in two years.

Part Time Sweepers 3 sets uniform every 2 yrs. 1 pair chappals every year

32. LEASED ACCOMMODATION ON PROMOTION/TRANSFER

CADRE METRO A-CITY B-CITY C-CITY

Scale VII * NA NA NA

Scale VI * * * NA

Scale V & SDM 13000 9500 5750 4750

Scale III & IV (other than

SDM)

12000 9000 5300 4200

Branch Manager Scale 1

& II (other than Branch

I/C)

10000 7500 4500 3300

Sr.Asst / Steno 6000 4000 3000 2500

*To be decided by the CMD upto 125% of the limit for Scale V Officers for the respective class of city on case to case basis.

33.TRANSPORTATION EXPENSES

DISTANCE RATE PER TON PER KMupto 2000 kms Rs.1,.40

Beyond 2000 kms Rs.1.10

34. PACKING CHARGES

DGM & ABOVE RM & MGR DY.M/AM/AO DEV.OFF CLASS 3 & 4

2500 1800 1500 500 < 9440350

> 9440 - 500

35. TRANSFER GRANT

Class- 1 Class2 Class-3,4

One month Basic Salary < 23675Rs.750

> 23675Rs.1000

One month basic on promotion transfer

For all other transfers

< 14,510 Rs.500

14531 to 22930Rs.750

> 22,930 Rs.1000

36. HALTING ALLOWANCE w.e.f. 01.12.2010

City-A City-B City-C

MGR,CM,DGM,GM 1000 800 700

AO,AM,Dy.Mgr 800 700 600

Development

Officers/Sr.Asst./Steno

500 375 300

Assistant, RC 375 275 225

Class IV Employees 325 225 125


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37. HOTEL CHARGES

MAJOR CITIES AREA-1 OTHER PLACES

GM/DGM 4000 2000 1750

RM/MGR 2500 1500 1300

Dy.Mgr/AM 1500 1000 800

AO 1000 750 500

Dev.Off 900 675 450

Class3 800 600 400

Class- 4 700 525 350

38. GPA COVER

Rs.3 lakhs or 36 times of last drawn Basic Salary whichever is less 24 hrs. cover

39. GSLIP

Category Basic pay range Life cover Contribution Savings portion Risk Portion

I 49411 & above 700000 656 492 164

II 35661-49410 560000 524 393 131

III 25451-35660 420000 392 294 98

IV 13691-25450 280000 260 195 65

V 7391-13690 200000 188 141 47

VI Upto 7390 110000 104 78 26

40 GTIS

Category BASIC PAY TERM RANGE PREMIUM COVER

I 49411 & ABOVE 700000 164

II 3566149410 560000 131

III 25451-35660 420000 98

IV 13691-25450 280000 65

V 7391-13690 200000 47

VI UPTO 7390 110000 26

(Pension optees are only eligible for GTIS)

41.GRATUITY

As per ActRs.10 lacs Maximum

Formula: Basic+DAx15/26x no. of years of service

As per Scheme20 months Basic Maximum

Basic Salary meanslast drawn basic + FPA if anyCalculation should be made as per Gratuity Act and as per scheme whichever is higher.

42. EMPLYEE DEATH LINKED INSURANCE (EDLI)

New India Rs.62,000/-, United India Rs.50,000/-, National Rs.31,000 & Oriental Rs.26,000/-.

All employees are covered under this scheme, who died during the service, their family members will get the said amount under this scheme.

44. PROFESSIONAL TAX

ANDHRA PRADESH

Gross Salary Tax Per Month Rs.

Upto 1500 0

1501- 2000 16

2001-3000 25

3001-4000 35

4001-5000 455001-6000 60

6001-10000 80

10001-15000 100

15001-20000 150

20001-100000 200


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KARNATAKA


Upto 5000 30

5001-8000 60

8001-10000 100

10001-15000 150

15001 and above 200

TAMILNADU


Upto 21000 NIL

21001-30000 100

30001-45000 235

45001-60000 510

60001-75000 760

75001 AND ABOVE 1095

KERALA


Upto 11999 NIL

12000-17999 120

18000-29999 180

30000-44999 300

45999-59999 450

60000-74999 600

75000-99999 750

100000-124599 1000

125000 and above 1250

RETIREMENT BENEFITS

Pension (for pension optees)

Commutation1/3 rd of basic pension (pension optees)

Own contribution of PF (for pension optees)

Own & Companys contribution of PF (for PF optees)

Gratuity

EL EncashmentBasic+DA+Pre revised FPA if any

GSLI savings portion

Mutual Benefit Society RBS (if opted)

Travelling Expenses to Home Town

DEATH BENEFITS

Family Pension (for pension optees)

PF own contribution (for pension optees)

Own & Companys contribution ( for PF optees)

Gratuity EL Encashment

GSLIP Savings + Sum Insured

GTIS (for pension optees)

EDLI

Mutual Benefit Society SDRS (if opted)

Ex-gratia in lieu of compassionate appointment Rs.1-3 lacs (not for all cases individual cases to be referred to personnel

department)

If death due to accidentRs.3,00,000/- or 36 months Basic Salary, whichever is less

Travelling Expenses to Home Town to the family


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INCOME TAX

Rates of Income Tax

For Taxable Income of Rate

Less than Rs.1,80,000 NIL

Rs.1,80,0015,00,000 10%

Rs.5,00,0018,00,000 20%

Above Rs.8,00,000 30%

Education Cess: 2% on the amount of tax deducted inclusive of surcharge + 1% Higher Education Cess

Women Employees are exempted from Tax upto annual income of Rs.190000/-

Rebate under Section 80C: Full amount will be deducted from taxable income subject to maximum of Rs.100000/- for all heads together or

any one of the following savings: PF, VPF, LIP,GSLIP, GTIS, HBL Principal, PPF, Direct LIP, Tution Fee, ULIP, NSC & Infrastructure Bonds.

Tution Fees: (Excluding Donation or Development Fund) for maximum for 2 children is eligible for rebate under 80-C

Allowances Exempted U/S 10:

(A) HRA (B) Conveyance Allowance (C) Professional Tax

Other Exemptions:

Mediclaim U/S 80DRs.15000/-

HBL Interest U/S 24.Rs.150000/-

Donations U/S 80G..Rs/10000/-

Physically Handicapped U/S 80UUpto 80% disability.Rs.50,000/-

Above 80% disability..Rs.100000/-

Infrastructure Bonds...Rs.20,000/-

Sec.80DDB-Major disease Treatment Expenses Rs.40,000/-

Reimbursement for purchase of briefcase/leather bag to officers/Development Officers once in Three years

CADRE OF OFFICERS REVISED LIMIT (RS.)

DGM & Above 2500

Managers/Chief Managers 2150

Dy.Managers/Asst.Managers 1850

Admin.Officers 1500

Mediclaim to Retired Employees:

Retired employees are eligible under group medical policy provided they were members of group mediclaim policy before retirement. The

retired employees are required to deposit entire premium less group discount before commencement of the policy period ie 1stApril every

year. Retired employees with spouse and dependent children are eligible.

Transfer and Mobility Policy (TMP)

1) Class III employees who have completed 3 years of service in a department are eligible to shift to another department in the same

office under job rotation.

Class III employees who have completed 5 years of service in an office are eligible for transfer to another office in the same centre.

Maximum 25% of the eligible employees in the office.

2) Class III employees who have completed 10 years of service in a place are eligible to transfer to another place within a radius of 150

kms. Maximum 25% of the eligible employees in a place.

3)

Request transfer can be considered only to a place where there is a vacancy and completed 3 years of service in that place. Not

more than 2 transfers on any ground shall be allowed during the service period of an employee.

4)

Transfer request on the grounds of spouse joining shall be considered after completing a period of two years in the current place

of posting, where the spouse is employed in Government / Public Sector undertaking.

5)

Transfer request on the grounds of major sickness of the self, spouse or dependent children shall be considered immediately.6)

Employees transferred under TMP will get disturbance allowance of Rs.400/- p.m upto 150 kms., beyond 150 kms Rs.600/- p.m.

Existing HRA, CCA will be protected.


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PROMOTION POLICY

Promotion to the cadre of AO under para 13.1 (Senior Assistants/Stenographers)

i) Senior Assistants who have put in 7 years of service in the cadre or Stenographers who have put in 12 years of service in the

cadre.

ii)

Senior Assistants and Stenographers who have put in 5 years of service in the cadre and have passed the Licentiate

Examination of the III/PGDCA.

iii)

Senior Assistants and Stenographers who have put in 3 years of service in the cadre and have passed the Associate

examination of the III.iv) Senior Assistants and Stenographers who have passed Fellowship examination of III or MBA or MCA or ACA or FCII or ACWA or

Graduate in Engineering (Civil, Mechanical or Electrical) or PGDBM or ACS.

Promotion to the cadre of AO under para 13.2

Graduate and Post Graduate employees with atlease 50% marks (40% for SC/ST employees) in any degree examination, employees holding

FII,MBA,MCA, ACA,ACWA,ACS,PGDBM shall be allowed to appear for not more than occasions 4 for general and 5 for SC/St in the entire period

of service for the competitive examination and those securing atlease 60% marks (50% for SC/ST employees) shall be considered for promotion

to the cadre of AO. Selection shall be made on the basis of Seniority, Qualifications, Work Record, Interview and as also the marks obtained in

the Competitive Examination.

Existing Max.Marks

Seniority

Qualifications

Work Record

Interview

30

30

25

15

Total 100

Promotion to the Cadre of Senior Assistant:

i) Assistants who have put in 7 years of service in the cadre.

ii) Assistants who have put in 5 years of service in the cadre and have passed the Licentiate Examination of the III/PGDCA.

iii) Assistants who have put in 3 years of service in the cadre and have passed the Associate examination of the III.

Existing Max.Marks

Seniority

Qualifications

Work Record

40

30

30

Total 100

iv) Assistants who have completed 25 years of service and 55 years of age are eligible for one time promotion.

Promotion to the cadre of Assistant:

i) Confirmed subordinate staff/Drivers/Record clerks who possess minimum Educational Qualifications laid down for direct

recruitment of Assistants provided they have passed with English/Hindi as one of the subject at SSC/Graduation level.

ii) Record Clerks who have put in 5 years of service in the cadre are eligible to write the Departmental Examination.

iii) Subordinate Staff and Drivers who have passed at least VIII Standard examination and have put in at least 10 years service as a

Full Time Employee in the Company are eligible to write the Departmental Examination.

Existing Max.Marks

Seniority

Qualifications

Work Record

50

30

20

Total 100


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HOLIDAY HOMES

NEW INDIA

Puri

Darjeeling

Manali

Mussorie

Nainital

Ooty

Mysore

Kodaikanal

Panchagani

Matheran

Mount Abu

Goa

Udipi

Shiridi

Varanasi

NATIONAL

Puri

Goa

Nainital

Ooty

Haridwar

Gangtok

Varanasi

Panchmari

Vellore (Medi Home)

Mount Abu

Mussori

Manali

Vizag

ORIENTAL

Bangalore

Ooty

Kodaikanal

Manali

Mussorie

Darjeeling

Shimla

Goa

Gangtak

Jagannathapuri

Nainital

Trivendrum

UNITED INDIA

Chennai

Kodaikanal

Mysore

Goa

Haridwar

Nainital

Tirupati

Vellore

Manali

Puri

WELFARE SOCIETY BENEFITSUNITED INDIA

BENEFIT AMOUNT RS.

Expenses on Education (School fee, Cost of Text Books, note Books, Uniforms etc.) per year

per 2 children

Upto XII Standard and Lower Education grant

Rs.200/-

Grant for sub-staff for passing SSC or equivalent exam Rs.200/-

Insurance qualification lump sum grant

a)

Licenciate

b) Associateship

c) Fellowship

Rs.200/-

Rs.400/-

Rs.750/-

Grant for Higher education for post-graduate course for members pass and/or each of his

dependent children passing with 60% marks:

a) Any Masters degree/Ph.D awarded by a recognized University

b) B.L or equivalent Degree

c)

B.E. Or equivalent Engineering Degree

d) MBBS or equivalent Medical Degree

e)

B.V.Sc

f) CA, Company Secretary ship, ACS

g) Post-Graduate diploma courses not less than 1 year

h) Deiploma in Insurance Law

i) MCA/MBA/B.Pharm.

Rs.500/-

Awards to Children of members:

Meritorious cash award to the wards of members who get first three ranks as declared bythe Govt. in the 10

th& 12

thPublic Examination at State level Rs.6000/-

Medical Grant:

Members who suffers from the following major disease by-pass surgery, leprosy,

tuberculosis, kidney transplantation, cancer and paralysis Rs.6000/-

Family Planning Incentive Rs.250/-

Funeral Grant Rs.4000/-

Loan for Marriage

1)

Self and children

2) Dependant sisters marriage

Rs.18000/-

Death Loan:


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To meet the funeral expenses in case of death of spouse, parents or children, Recoverable in

30 equal monthly installments Rs.6000/-

LTS Loan Rs.5000/-

Educational Loan

a)

Medicine, b) Engineering, c) IIT d)CA e) M.V.Sc. f) MCA g) B.Pharm

Higher / Professional courses Rs.18000/-

Supplementary PTD/DRS/RBS Scheme

a) Retirement below 56 years of age

b)

From 56 to 59 years of age

c) Normal Retirement

Rs.5000/-

Rs.30000/-

Rs.50000/-

Medical Special Loan

For fixing artificial limb/hearing aid etc., (Recovery in 15 months) Rs.3000/-

Holiday Home Rent

Chennai - Self & Family

Kodaikanal Self & Guest

Mysore ( For all)

Rs.100/-

Rs.100/-

Service Memento

Will be given to the employees who have put in 20 years of service in the office and 10 years

of membership in the welfare society

Subscription

Per month

Plus RBS/DRS

Rs.25/-

Rs.50/-

PENSION SCHEME

1)

Employees who have opted pension scheme are eligible to get the pension after putting in 10 years of service on superannuation. If

employee dies during the service his/her wife/husband or dependent children will get family pension irrespective of service. Full

Pension will be given to the deceased employees family upto 7 years from the date of death or 65 years of age of the decease d

employee, whichever is earlier.

2) Basic pension means 50% of the last 10 months average basic.

3)

Formula is (no of years of service + 5) X 50% of the last 10 months average Basic/33.5 years notional credit will be given to the

employees who have completed 20 years of service.

4)

Pension optees can commute the pension subject to max. of one third of the eligible basic pension. For that lumpsum amount will

be paid. After 15 years commuted pension portion will be restored.

5) Dearness Relief (DR) will be given on the Basic Pension and will be revising every 6 months.

6)

Employees who are joined on or after 01.01.2004 covered under new pension scheme. Employees have to contribute 10% on Basic

plus DA and matching contribution from the employer.

VOLUNTARY RETIREMENT

Employees who have completed 20 years of service and opted for pension scheme are eligible to take voluntary retirement. They will get all

benefits including EL encashment.

Employees who have completed 55 years of age and not opted for pension are eligible to take voluntary retirement. They will get all benefits

including EL encashment.

Uiic Benefits

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