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Query about pension of SECL employees

Date: 28 Aug 2016   Posted By: sandeep     Group: Opinion About    Category: Miscellaneous   

Is there chance of pension hike in future of retired employees of SECL (South Eastern Coal Field Ltd) which is subsidiary of Coal India ltd. Or it is fixed for lifetime.? My relative who was ex-employee wants to know.
Awaiting adivce.

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Author: Kailash Kumar    29 Aug 2016      Member Level: Platinum     Points : 3  (Rs 3)    Voting Score: 0

The recommendations of the 7th pay commission are not directly applicable in the case of the South Eastern Coalfields Limited (SECL) which is a PSU instead of a Government department. The department of public enterprises (DPE), Government of India is the nodal department on the policy related to wage settlement of workers of the PSUs.

The Department of Public Enterprises has constituted the 3rd Pay Revision Committee (3rd PRC) to review the structure of pay scales, allowances, perquisites, and other benefits for the employees of the PSUs. The Committee will take into consideration the report of the 7th Central Pay Commission also. The Committee will make its recommendations to the Government within a period of six months from the date of its constitution i.e. 09.06.2016 and the recommendations of the Committee will take effect from 1.1.2017.

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