Fitment Benefit recommended for CPSE Employees – 3rd Pay Revision Committee Report

CPSE – 3rd Pay Revision Committee Recommendations – Fitment Benefit recommended for CPSE Employees

Third Pay Revision Committee recommendations for the Central Public Sector Enterprises

Fitment Benefit Recommended by CPSE 3rd Pay Revision Committee

1. Fitment benefit shall be uniformly 15% on sum of Basic Pay & Stagnation increment(s) and Industrial Dearness Allowance (IDA).

2. The fitment methodology to arrive at the revised Basic Pay as on 1.1.2017 shall be as under:-

3. If the additional financial impact in the year of implementing the revised pay package is more than 20% of the average PBT of last 3 financial years (FYs), then the revised pay-package with recommended fitment benefit of 15% of BP+DA should not be implemented in full but only partly, as per the part stages recommended below:-

Further, in case of improvement in future years in the average PBT of the last 3 FYs, the Board of Directors may decide to implement the full pay package or the higher stage of the pay-package, as the case may be, upon ensuring that additional financial impact of the revised pay-package (i.e. sum total of the part stages pay-package already implemented in the earlier year and the remaining pay-package) do not exceed 20% of the average PBT of the last 3 FYs preceding the year of implementation.
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