Home India Ministry of Finance Amendment in leave rules of PFRDA...
Date: 2021-10-12 Category: Extra Ordinary State: Union Government Country: India

Amendment in leave rules of PFRDA

Issued by Ministry of Finance · Department of Financial Services

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Executive Summary & Key Takeaways

Executive Summary: This notification announces the Third Amendment Rules, 2021, to the Pension Fund Regulatory and Development Authority Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Wholetime Members Rules, 2014. The amendments, effective from the date of publication in the Official Gazette, modify leave entitlements for the Chairperson and Whole-time Members. Key Points / Main Content: Leave Rules Amendments: * Short Title: These rules are called the Pension Fund Regulatory and Development Authority Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Wholetime Members Third Amendment Rules, 2021. * Commencement: The rules come into force on the date of their publication in the Official Gazette. * Earned Leave: The leave account will be credited with earned leave in advance in two installments of fifteen days each, on 1st January and 1st July of every calendar year. Earned leave at the credit at the close of the previous half year shall be carried forward to the next half year. * Casual Leave: Chairperson and Whole-time Members are entitled to eight days of casual leave in a calendar year. * Half Pay Leave: They are entitled to half-pay leave on medical certificate or private affairs at a rate of twenty days for each completed year of service, credited in advance in two installments of ten days each on 1st January and 1st July of every calendar year. Leave salary for half pay shall be equivalent to half of the leave salary admissible during the earned leave. * Commuted Leave: Leave on half pay may be commuted to full pay leave at the discretion of the Chairperson or a Whole Time Members if taken on medical grounds and supported by a Medical Certificate by a competent medical authority. Impact Analysis: Chairperson and Whole-time Members of the Pension Fund Regulatory and Development Authority: * Impact: Modified leave entitlements including earned leave, casual leave, and half-pay leave. * Action Required: To take note of the changes in leave rules and adjust their leave planning accordingly. Ensure medical certificates are provided for commuted leave on medical grounds.

Key Entities Referenced

Pension Fund Regulatory and Development Authority: A regulatory body in India that oversees and regulates pension funds. Pension Fund Regulatory and Development Authority Act, 2013: An act of the Indian Parliament that established the Pension Fund Regulatory and Development Authority. Pension Fund Regulatory and Development Authority Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Wholetime Members Rules, 2014: A set of rules governing the salary, allowances, and terms of service for the Chairperson and Whole-time Members of the Pension Fund Regulatory and Development Authority. New Delhi: The location of the Ministry of Finance notification, New Delhi, Delhi, India. Ministry of Finance: The ministry of the Government of India responsible for the country's finances. Department of Financial Services: A department within the Ministry of Finance, Government of India. LALIT KUMAR: Economic Advisor. Mentioned in the document. Gazette of India: The official government gazette of India, publishing important notifications and regulations.
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रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एxलxx.-GअID.E-1x2xx1 02021-230373 CG-DL-E-12102021-230373 असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 589] नई ददल्ली, मगं लिार, अक्त बू र 12, 2021/आज‍ि न 20, 1943 No. 589] NEW DELHI, TUESDAY, OCTOBER 12, 2021/ASVINA 20, 1943 जित्त मत्रं ालय (जित्तीय सिे ाएं जिभाग) अजधसचू ना नई ददल् ली, 11 अक् तूबर, 2021 सा.का.जन. 731(अ).—पेंिन जनजध जिजनयामक और जिकास प्राजधकरण अजधजनयम, 2013 (2013 का 23) की धारा 5 की उप-धारा (3) के साथ पठित धारा 51 की उप-धारा (2) के खडं (क) द्वारा प्रदत्त िजियों का प्रयोग करते हुए केंद्र सरकार, एतद्द्वारा, पेंिन जनजध जिजनयामक और जिकास प्राजधकरण (अध् यक्ष और पूणणककाजलक सदस्ट् यों को देय िेतन तथा भत्ते और सेिा की अन् य िततें एिं जनबंधन) जनयमािली, 2014 को संिोजधत करन े के जलए एतद्द्वारा जनम्न जलजखत जनयम बनाती ह,ै अथाणकत:- 1. सजं क्ष प्त नाम और प्रारंभ - (1) इन जनयमों को पिें न जनजध जिजनयामक और जिकास प्राजधकरण (अध् यक्ष और पूणणककाजलक सदस्ट् यों को देय िते न तथा भत ते और सेिा की अन् य ित तें एि ं जनबंधन) (तृतीय संिोधन) जनयम, 2021 कहा जाएगा। (2) य ेिासकीय राजपत्र में प्रकािन की जतजथ से प्रिृत्त होंगे। 2. पेंिन जनजध जिजनयामक और जिकास प्राजधकरण (अध् यक्ष और पूणणककाजलक सदस्ट् यों को देय िेतन तथा भत ते और सेिा की अन् य िततें एिं जनबंधन) जनयम 2014 के जनयम 10(i) के उप-जनयम (1) म ें जनम्नजलजखत परंतुक को अंतर्विष्ट दकया जाएगा, अथाणकत् :- परन्त ु यह दक प्रतयेक कैलण्े डर िर् णक के 1 जनिरी तथा 1 जलु ाई को पद्रं ह-पंद्रह ददन के दो दकस्ट्तों में अर्वजत अिकाि को अिकाि खातों म ेंजमा दकया जाएगा; परन्त ुयह भी दक जिगत छमाही की समाजप्त पर िेर् अर्वजत अिकाि को अगली छमाही में जोड़ ददया जाएगा। 5850 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (ii) उप-जनयम (3) के बाद, जनम्नजलजखत उप-जनयमों को अंतर्विष्ट दकया जाएगा, अथाणकत:- (4) िे एक कैलण्े डर िर् णक में आि ददन के आकजस्ट्मक अिकाि के पात्र होंगे। (5) िे सेिा के प्रतयेक िर्णक में जचदकतसा प्रमाण-पत्र के आधार पर अथिा जनजी कायणक हते ु 20 ददन के अध-णक िैतजनक अिकाि के पात्र होंगे जो प्रतयके कैलेण्डर िर्णक के 1 जनिरी तथा 1 जलु ाई को 10-10 ददन की दो दकस्ट्तों में अजिम रूप से उनके खाते म ें जमा की जाएगी तथा अधणक-िेतन हते ु अिकाि िेतन, अर्वजत अिकाि के दौरान स्ट्िीकायणक अिकाि िेतन के आध े िेतन के समतल्ु य होगा। (6) अध-णक िैतजनक अिकाि को अध्यक्ष अथिा पूणणककाजलक सदस्ट्यों के जििेकानुसार पूण णक िैतजनक अिकाि म ें पठरिर्वतत दकया जा सकता ह।ै यदद उि अिकाि जचदकतसा आधार पर जलया जाए तथा इसकी पुजष्ट सक्ष म जचदकतसा प्राजधकारी के जचदकतसा प्रमाण-पत्र से की जाए। [फा. स.ं 19/1/2020-पीआर] लजलत कुमार, आर्वथक सलाहकार ठिप्प णी : मूल जनयम को भारत के राजपत्र, असाधारण, भाग II, खंड 3, उप खंड (i) में 20 अगस्ट्त , 2014 की अजधसूचना संख् या सा.का.जन. 597(अ) के तहत प्रकाजित दकया गया था और तदनंतर 2 अगस्ट् त, 2017 की अजधसूचना संख् या सा.का.जन. 987(अ) और 2 जनिरी, 2018 की अजधसूचना संख्या सा.का.जन. 07(अ) द्वारा संिोजधत दकया गया था। MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 11th October, 2021 G.S.R. 731(E).—In exercise of the powers conferred by clause (a) of sub-section (2) of section 51, read with sub-section (3) of section 5 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Central Government hereby makes the following rules to further amend the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Rules, 2014, namely:- 1. Short title and commencement.---(1) These rules may be called the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) (Third Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Rules, 2014, in rule 10,- (i) in sub-rule (1), the following provisos shall be inserted, namely :- ―Provided that the leave account shall be credited with earned leave in advance in two instalments of fifteen days each, on 1st January and 1st July of every calendar year: Provided further that the earned leave at the credit at the close of previous half year shall be carried forward to the next half year.‖; (ii) after sub – rule (3), the following sub-rules shall be inserted, namely:- (4) They shall be entitled to eight days casual leave in a calendar year. (5) They shall be entitled to half pay leave on medical certificate or on private affairs at the rate of twenty days in respect of each completed year of service, to be credited in advance in two instalments of ten days each, on 1st January and 1st July, of every calendar year and leave salary for half pay shall be equivalent to half of the leave salary admissible during the earned leave.[भाग II—खण् ड 3(i)] भारत का राजपत्र : असाधारण 3 (6) Leave on half pay may be commuted to full pay leave at the discretion of the Chairperson or a Whole Time Members, if is taken on medical grounds and is supported by a Medical Certificate by competent medical authority. [F. No. 19/1/2020-PR] LALIT KUMAR, Economic Advisor Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section (i) vide number G.S.R. 597 (E), dated the 20th August, 2014, and subsequently amended by vide numbers G.S.R. 987 (E), dated the 2nd August, 2017, and G.S.R. 07 (E) dated the 2nd January, 2018. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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