The State government has pulled up a large number of drawing and disbursing officers for failing to credit on time pay revision arrears to the provident fund account of employees.
The government, announcing pay revision with effect from July 2014, had issued orders that the arrears will be paid in cash in four instalments on April 1, 2017, October 1, 2017, April 1, 2018, and October 1, 2018.
On April 9 this year, the government decided to credit the arrears amount, principal and interest, due on April 1, 2017 to the PF account of the employees. It also ordered that 8.7% interest per annum will be given for the first instalment of the arrears from February 1, 2016 to March 31, 2017.
The government had also tasked the drawing and disbursing officers for various sets of employees to ensure that the arrears amount was remitted to the government account before crediting it to the PF account. The Finance Department has found that drawing and disbursing officers have failed to credit the amount to the PF account of employees even after three months causing loss of interest to employees on their PF deposits.
The department has termed this laxity a dereliction of duty warranting disciplinary action. It wanted the credit to be made by August 16, 2017. The loss suffered by the employees will be recouped from the erring officials if they fail to make the pay arrears credit to the PF accounts before that time, the department has said.
