Fixation of pay of CPS employees in PRC 2015
- Circular Memo.509/A/102/A2/HRM.V/2015 Dt:3-6-2015
- As per the new pension scheme which is contributory in nature, the pension contribution in nature, the pension contribution shall be made at 10% of hte pay plus Da. consequent to implementation of PRC recommendation with monetary benefit from 02-06-2014, the employees covered under new pension scheme have to contribute pension contribution on revised pay plus DA.
- The DTA, telangana is directed to comply with the rules with reference to the CPS duly by deducting 10% contribution on revised pay & DA with effect from 2-6-2014 & also make matching employers contribution to fund managers.