NEWS TIT BITS ON VRS IN BSNL
MODALITIES FOR VRS etc, have been received in BSNL Corporate Office and will go to #BSNL board today for approval. VRS window will open on 4th November, 2019 (Monday) and Closes by 4th December, 2019. Those opting/submitting for VRS will be relieved on 31st January, 2020.
I) Lump-sum compensation or Ex-Gratia :
The amount of Ex-Gratia will be equal to 35 days salary for each completed year of service plus 25 days salary for every year of service left until superannuation. This Ex-Gratia shall not exceed the sum of salary at existing rate (i.e. Basic Pay plus Dearness Allowance on the effective date of Voluntary retirement) that the employee would have drawn during the service period left till superannuation.
For the purpose of calculation, salary per day shall be equal to monthly salary divided by 30 days. For fraction of a year of service rendered / left, calculation of Ex-Gratia will be made on pro-rata basis.
Actual amount of Ex-Gratia eligible for payment to the employees entitled to pension / family pension under Rule 37-A of CCS Pension Rules, 1972 shall be further restricted to the amount which together with total amount of pension (Basic Pension plus Dearness Relief as on the date following the effective date of voluntary retirement) he/she would be drawing till date of superannuation, does not exceed 125% of the sum of salary at existing rate that the employee would have drawn till superannuation.
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Department of Telecommunication has released the final order for BSNL employees. This order is based on the cabinet meeting.
In this order, VRS rules have also been explained.
Based on the rules in the DoT order, we are updating the Ex-Gratia Calculation formula.
So please visit the link and get the approximate amount on opting of VRS from BSNL/MTNL.
http://bit.ly/2KXl74W
