7th CPC matrix Archives - CENTRAL GOVERNMENT EMPLOYEES NEWS https://centralgovernmentnews.com/tag/7th-cpc-matrix/ All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more. Sat, 26 Nov 2016 02:24:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://centralgovernmentnews.com/wp-content/uploads/2019/02/cropped-central-government-employees-news-32x32.png 7th CPC matrix Archives - CENTRAL GOVERNMENT EMPLOYEES NEWS https://centralgovernmentnews.com/tag/7th-cpc-matrix/ 32 32 Calculation of Money Value of posts surrendered and crediting to surplus Bank on Implementation of 7th Pay Commission https://centralgovernmentnews.com/calculation-of-money-value-of-posts-surrendered-and-crediting-to-surplus-bank-on-implementation-of-7th-pay-commission/ https://centralgovernmentnews.com/calculation-of-money-value-of-posts-surrendered-and-crediting-to-surplus-bank-on-implementation-of-7th-pay-commission/#respond Sat, 26 Nov 2016 02:24:15 +0000 http://centralgovernmentnews.com/?p=16098 Calculation of Money Value of posts surrendered and crediting to surplus Bank on Implementation of 7th Pay Commission GOVERNMENT OF INDIA MINISTRY OF RAILWAYS RAILWAY BOARD New Delhi RBE No. 133/2016 No. E(MPP)2016/1/58 Dated 10.11.2016 The General Managers, All India Railways Including Production Units. Sub: Calculation of Money Value of posts surrendered and crediting to […]

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]]> Calculation of Money Value of posts surrendered and crediting to surplus Bank on Implementation of 7th Pay Commission

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
RAILWAY BOARD
New Delhi

RBE No. 133/2016

No. E(MPP)2016/1/58

Dated 10.11.2016

The General Managers,

All India Railways Including Production Units.

Sub: Calculation of Money Value of posts surrendered and crediting to surplus Bank on Implementation of 7th Pay Commission.

In view of Implementation of 7th CPC recommendations w.e.f 01.01.2016, references are being received from railways seeking clarification for calculating the money value of the posts surrendered and crediting to surplus Bank on implementation of 7th Pay Commission. As Ministry of Finance (MOF) has not issued instructions in this regard, the following provisional instructions are being issued subject to necessary adjustment in calculation in case MOF issues any orders at variance.

“For the purpose of working out the monetary value of the post being surrendered, only the mean pay of the same in a particular level in 7th CPC mentioned in the Matrix and Dearness allowance as on date should be taken into account for calculation of mean value”.

The above is explained with the following illustration of surrender of a post in level -7 of the 7th CPC matrix:

6th CPC Pay Band+CP Level as Per 7th CPC Pay Matrix Pay Structure as per Level

Mean Pay of the level.

PB-II 9300-34800 + GP 4600

 Level – 7 44900-142400

(44900+142400/2)=93650

 Money Value = Mean Pay+ DA as on relevant date

Similar calculation may be adopted for posts surrendered w.e.f 01.01.2016 and vacancy Bank may be accordingly modified.

Receipt of the letter may please be acknowledged.

Sd/-
(Anuradha Singh)
Director (MPP)
Railway Board

Source : NFIR

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