Showing posts with label EL Encashment. Show all posts
Showing posts with label EL Encashment. Show all posts

Maximum limit on accumulation of EL and maximum limit of EL for encashment at the time of retirement as well as benefit of surrender of EL for encashment purpose. – revision reg.

PROCEEDINGS OF GOVERNMENT OF KARNATAKA

Sub: Maximum limit on accumulation of EL and maximum limit of EL for encashment at  the time of retirement as well as benefit of surrender of EL for encashment purpose. – revision reg.
 
Preamble:
 
    As per Rule 112(3) read with Rule 113(5) of K.C.S.Rs., there is a provision to carry forward the leave at the credit of a Government servant at the close of the previous year to the next half year, subject to the condition that the accumulation of such leave on account of carry forward plus the credit for the half year does not exceed 240 days.  Rule  118 A (1) of K.C.S.Rs. provides for sanction of cash  equivalent to the leave salary for EL, if any, at the credit on the date of retirement of a Government  servant , who retires on superannuation, subject to a maximum of 240 days. Further, as per the existing provisions under Rule 118(2) of K.C.S.Rs., a Government servant may surrender EL not exceeding 30 days out of the leave at his credit once in a block period of two years and receive a cash equivalent of the leave salary.