Employment News Weekly Updates From 11 August 2012 - 17 August 2012.

Employment News Weekly Updates Job Highlights (11 Aug - 17 Aug 2012)

1. North Central Railway, Railway Recruitment Cell, Allahabad requires 1965 Assistant Pointsman, Porter, Peon-cum-Porter, Safaiwala, Trackman, Helper, etc.
Last Date: 30.09.2012.

2. Railway Recruitment Cell, North Eastern Railway, Gorakhpur requires 1080 Peon, Gateman, Safaiwala, Trackman, Khalasi, Helper, etc.
Last Date: 10.09.2012.

3. Punjab National Bank requires 740 Specialist Officers in different scales/ streams Last Date for online registration :
Last Date: 17.08.2012.

Method of calculation of Pension for Central Government and Railway employees (including Running Staff)

Basic Pension

     Basic Pension is calculated as the last month emoluments or average of last 10 month emoluments which is higher. Normally higher of this will be last month emoluments unless the employees Pay was reduced in last months due to a punishment etc.

Emoluments

     For Doctors - Basic Pay(Pay + GP)  plus NPA(Non Practicing Allowance)

     For other employees - Basic Pay(Pay + GP)

     For Railway Running staff (Loco Pilots, Asst Loco Pilot, Guards) 55% of Basic Pay is added to the basic pay for all pension calculations.

One Rank one Pension.

   On the recommendations of PMO, a Committee was set up under the Chairmanship of Cabinet Secretary in June, 2009 to look into the issue of `One Rank One Pension and other related matters`. After considering all aspects of the matter, the Committee keeping in mind the spirit of the demand, suggested several measures to substantially improve pensionary benefits of Personnel Below Officer Rank (PBOR) and Commissioned Officers, which have been accepted by the Government and orders for implementation of all the recommendations have been issued.

Re-Employment to Ex-Servicemen.

   Central Government provides 10% reservation for Ex- servicemen in civil jobs in Group `C` posts and 20% in Group `D` posts. Most State Governments provide reservation for Ex-servicemen which varies from State to State as it is based on the total population of Ex- servicemen domiciled in the State and the rehabilitation policy of the concerned State.

India Post Announces Special Discount of 6.5% on Gold Coins for Independence Day & Pushya Nakshtra

   India Post Announces Special Discount of 6.5% on Gold Coins for Independence Day & Pushya Nakshtra

   For this Independence Day & Pushya Nakshtra, India Post has announced a special discount of 6.5% on purchase of Gold coins.

   On 13th, 14th & 16th August 2012 any customer who buys gold from identified Post Offices in Delhi will get a special 6.5% discount of the day`s retail price on all denominations.

Kerala to introduce contributory pension scheme for government staff.

   The employees would be required to contribute 10 per cent of their pay and dearness allowance to the pension fund. The government would also make a contribution to the fund.

   The government has issued orders approving, in principle, the proposed contributory pension plan for government employees. The plan is proposed to apply to new recruits joining service from next year.

   The employees would be required to contribute 10 per cent of their pay and dearness allowance to the pension fund. The government would also make a contribution to the fund.

   Pensions would be available to employees who contribute to the fund for a specified number of years. Payment of full pension by government would be discontinued.

Department of Posts : Recruitment of Postal Assistant / Sorting Assistants – August 2012.

   Direct Recruitment of Postal Assistant / Sorting Assistants / Postal Assistant (Savings Bank Control Organization)

   Department of Posts published a notification(No.No. RECTT/4-3/2011/II  dated at Thiruvananthapuram 33, the 11th August 2012) today regarding recruitment of Assistants in various domains. Kerala circle, Thiruvananthapuram requires 45 Postal Assistants, 34 Sorting Assistants and 14 Postal Assistants (SBCO). The total vacancies of 93 will have the adoption of regular reservation as per rules. The scale of pay for the Assistants will be Rs.5200-20200 Pay Band with Grade Pay of Rs.2400 plus all admissible allowances.