Revision of scale of pay and allowances of the employees of Kerala Dental Council-sanctioned- Orders issued.

GOVERNMENT OF KERALA
Abstract

Finance Department- Revision of scale of pay and allowances of the employees of Kerala Dental Council-sanctioned- Orders issued.

FINANCE (PAY REVISION CELL-C) DEPARTMENT

G.O. (M.S) No.415/2012/Fin.

Dated, Thiruvananthapuram, 25th July 2012.

Read:
1. G.O.(Rt) No.3591/2006/H&FWD dated 11-12-2006
2. G.O.(P) No. 85/2011/Fin dated 26-02-2011
3. Letter No.D.1863/11/DC dated 30-05-2011and 16-02-2012 from the Registrar, Kerala Dental Council, Thiruvananthapuram.

ORDER

   As per Government order read as 2nd paper above, Government have revised the pay and allowances of State Government employees with effect from 1-7-2009. The Registrar, Kerala Dental Council, in the letter read above, has requested to extend the benefits of pay revision introduced to the Government employees, vide Government order second read above, to the employees of Kerala Dental Council.

   2) Government have examined the proposal in detail and are pleased to revise the pay and allowances of the employees of Kerala Dental Council as detailed below as per Annexure I of G.O.(P).No.85/2011/Fin dated 26-2-2011. subject to the conditions specified hereunder.

Feedback of MACP Joint Committee meeting held on 27.7.2012

Meeting of the Joint Committee on MACPs Anomalies

   As decided in the National Anomaly Committee Meeting held on 17/07/2012, the DOPT held separate meeting with the Leaders of Staff Side at North Block, New Delhi, Room No. 190 on 27/07/2012. Shri.M.Raghavaiah, General Secretary, NFIR has participated in the meeting.

   Discussions were held on following issues:-

1. Grant of MACP in the promotional hierarchy :-
   The staff side insisted that option be given to individual employees in this regard to facilitate  him/her to opt for availing benefit of financial upgradation. After discussion it was agreed to examine in depth for finding solution.

2. Date of effect of MACP Scheme :
   The desirability of giving effect to the MACP Scheme w.e. f. 01.01.2006 will be examined.

NPS performed better that GPF in the last year.

   The three NPS managers handling the pension funds of Central and state government employees have delivered average returns of 9.33% in the past one year, outperforming the state-run government provident fund (GPF), employees provident fund (EPF) and the public provident fund (PPF). The three-year annualised returns are also quite decent at 8.47%, though not as spectacular as in the past one year.

   More than 16 lakh central and state government employees have almost Rs 8,500 crore invested in the NPS. This money is managed by three pension fund managers - SBI Pension Funds, LIC Pension Fund and UTI Retirement Solutions. Each of the three funds manages roughly one-third of the NPS corpus.

   Though three years is a very short time to judge long-term instruments such as pension funds, the impressive performance is likely to silence the criticism that NPS is not allocating enough to growth assets. Central and state government NPS funds can invest a maximum of 15% in equities. Even in NPS for the general public, where investors can choose their own asset allocation, a maximum of 50% can be put in equities.