REVISION IN NON-CORE BENEFITS TO ALL CLASS OF EMPLOYEES' W.E.F. 01-04-2012

Dear Friends,

We are happy to inform you that 4 PSUs have cleared the non-core benefits for all classes in respect of Housing Loan, Festival Advance and Fast Conveyance to Class-I Officers with Administrative functions (scale 1 to 4), as per the details mentioned in our previous post in this regard.

The revision is effective from 01st April, 2012 and onwards.

With Warm Greetings,

M. Hanumantha Rao      T. Gopala Krishna

                                President           General Secretary

PROPOSED REVISION IN NON-CORE BENEFITS TO ALL CLASS OF EMPLOYEES'

Dear Friends,

The following Non-core benefits have under active consideration by the respective Boards of the 4 PSUs, in General Insurance Sector in India.

1. FESTIVAL ADVANCE:

a) Class-I Officers : Rs.20,000/-

b) Class-2,3 & 4 Employees: Rs.17,000/-

c) F.T.S.: Rs.8,500/-

2. Housing Loan:

a) Scale-1 & 2 Officers : Rs.16 Lakhs

b) Scale-3, 4 & 5 Officers: Rs.18 Lakhs

c) Dev.Officers/Sr.Asst./Asst. : Rs.12 Lakhs

d) Record clerks: Rs.10.5 Lakhs

e) Sub-Staff : Rs.8 Lakhs

3. CAR LOANS:

a) Scale-1 & 2 Officers: Rs.2.5 Lakhs

b) Scale-3 & 4 Officers: Rs.4.5 Lkahs

Friends, awaiting clearance from the Boards of the respective PSUs very shortly.  We shall communicate to you the further developments in this regard from time to time.

With Warm Greetings,

     M. HANUMANTHA RAO               T. GOPALA KRISHNA

          PRESIDENT                         GENERAL SECRETARY