The Kerala State Electricity Board (KSEB) has approved a proposal to revise the pension and other related benefits of its pensioners and the proposal has been sent to the State government for approval.
The order in this respect, issued on Tuesday, proposes 12 per cent of the basic pension as on June 30, 2008/July 31, 2008 as fitment benefit. The revision proposed is with effect from July, 2008, for retired officers and August, 2008, for retired workmen.
The revision as per one-rank-one-pension scheme in the revised scale will be granted with effect from April, 2010. Dearness allowance at the rate of 45 per cent will be merged with the existing basic pension as on June 30, 2008, for retired officers and July 31, 2008, for workmen.
The order also proposes fixing the minimum pension at the level of 50 per cent of the lowest scale of pay (i.e. 50 per cent of Rs.8,200) and the maximum pension at the level of 50 per cent of the highest scale of pay (i.e. 50 per cent of Rs.55,310).
The rate of commutation of pension at present (i.e. 40 per cent) will be continued and the date of effect of commutation will be fixed as May 1, 2012.
The order further proposes revising family pension on the same principles as in the case of service pensioners of the KSEB. The minimum family pension will be Rs.4,100 and the maximum family pension will be Rs.16,593 (which is 30 per cent of the highest scale of pay of Rs.55,310).
Part-time contingency (PTC) pensioners will be granted 12 per cent fitment benefit and 45 per cent Dearness Relief merger with effect from August, 2008, and one-rank-one-pension benefits in the revised scale with effect from April, 2010. The minimum pension for PTC pensioners will be Rs.2,000 and the maximum Rs.4,538.
Family pension in respect of PTC pensioners too will be revised with 12 per cent fitment benefit and 45 per cent Dearness Relief merger with effect from August, 2008, and one-rank-one-pension scheme in the revised scale with effect from April, 2010. The minimum family pension in respect of PTC pensioners will be Rs.1,300 and maximum Rs.9,075. Medical allowance for all pensioners and family pensioners will be continued at the present rate of Rs.100 a month.
Arrears of pension in respect of all pensioners and family pensioners who had completed 75 years of age will be given in lump and the arrears in the case of all others in three consecutive half-yearly instalments beginning in May, 2012.