• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • DOPT ORDERS 2020
  • FinMin Orders 2020
  • Railway Orders 2020
  • Contact Us

7th Pay Commission Latest news

Central Government Employees News

  • DOPPW Orders
  • 7th Pay Commission
  • Dearness Allowance
  • Dearness Relief
  • CSD Price List
  • Defence
    • Defence Pension
You are here: Home / BSNL Employees / BSNL VRS (Voluntary Retirement Scheme) 2019 – Important FAQs

Trending
Central Government Holidays for the year 2021 – DOPT “hot”
Holidays List 2021 for Central Government Employees “hot”
AICPIN for the month of October 2020 “hot”
Freezing of Dearness Allowance & Dearness Relief till July 2021
Guidelines for Home Isolation of very mild/pre-symptomatic COVID-19 cases.

BSNL VRS (Voluntary Retirement Scheme) 2019 – Important FAQs

November 11, 2019 pcadmin Leave a Comment

BSNL VRS (Voluntary Retirement Scheme) 2019 – Important FAQ

BSNL

Whether the Ex-Gratia payment shall be paid in cash or in the shape of any Bond ?

Ex Gratia payment will be credited in the bank account of the official.

Is any minimum qualifying service necessary for opting VRS?

No minimum qualifying service is prescribed for VRS under this scheme

Please define Column 8(ix) in BSNL VRS scheme with regard to nature of claim or compensation

No claim arising after 31.01.2020 shall be paid except as provided in this scheme

When the pension of an individual will start/resume after the date of VRS viz 31.01.2020 ?

Full Pension will start with effect from 01.02.2020 till the time commutation option is excercised by the official as per provisions of this scheme

Whether the rate of Interest on Gratuity will be Simple or Compound?

Simple Interest

Whether the Interest calculation on deferred Gratuity will be done in the manner similar to interest calculation applied for GPF?

No, only GPF interest rate will be applied for calculation of Simple Interest

Whether the rate of Interest on deferred Gratuity payment shall vary with change in GPF interest rate?

Yes, It will change with change in GPF interest rates

Whether the official having less than 6 months of service left for actual superannuation is eligible to take VRS ?

Yes, eligible officials who are duw for superannuation after 31.01.2020 are eligible for opting VRS

Whether the benefit of NEPP/EPP shall be given in respect of those officials/officers who are due for upgradation prior to 31.01.2020 ?

Yes, it will be granted, If due before 31.01.2020 with effect due date.

Whether the Ex-Gratia amount is exempted under Income Tax ?

Income Tax will be charged as per extant Rules of Income Tax Act

Whether the BSNl Quarters can be retained upto the age of superannuation viz 60 years?

Retention of staff quarters will be as per existing rules as ammended from time to time.

What is the last date of filing Pension Papers in the event of opting for VRS?

Pension papers can be submitted soon after excersing option for VRS

Whether VRS optees are eligible for CGHS facility at par with BSNL official retiring on superannuation ?

Only BSNL absorbed officials, covered under Rule 37A of CCS(Pension) Rules , opting for VRS are eligible for CGHS facility

Whether stagnation increments will be considered for calculation of Ex-Gratia ?

Yes

Whether an optee of VRS can subsequently be allowed to withdraw or change his option?

Yes, the officials will be allowed to withdraw the option only once at anytime till the closing time and date of option, after withdrawal, official can again opt for VRS, within prescribed date and time but will not be allowed to withdraw again.

Whether the annual increment benefit will be extended to the VRS Optees whose DNI falls on 01.02.2020 as the employee already completed 365 days of service as on 31.01.2020 ?

No

As the Ex Gratia amount is being paid in two financial years, 2019-2020 and 2020-2021, whether the income tax exemption of Rs 5 Lakhs is applicable in each financial year or not?

It will be as per the extant Income Tax Rules

When will the GPF and Leave Encashment amount will be paid to the VRS optees, immediately after the retirement or not?

Yes, it will be paid immediately after the retirement.

To reduce the Medical reimbursement amount to BSNL, for all those who opted for CGHS, whether the entire amount towards CGHS contribution will be reimbursed by BSNL to the VRS Optees immediately ?

Yes

Whether the Time bound promotion benefit will be extended to the VRS Optees, whose Time bound promotion is due in February 2020 as the employee already completed 5 years of service as on 31.01.20?

No

 

Filed Under: BSNL Employees

Also Read

Request to reconsider the decision of Freezing DA /DR – Letter to Prime Minister

January 11, 2021 By pcadmin Leave a Comment

Request to reconsider the decision of Freezing DA /DR - Letter to Prime Minister Binoy Viswam Member of Parliament (Rajya Sabha) 116, North Avenue New Delhi – 110 001 Mob: 96057667022 E-mail: [email protected] To Shri Narendra Modi Prime Minister Government of India, New Delhi. … [Read More...] about Request to reconsider the decision of Freezing DA /DR – Letter to Prime Minister

Scheme for payment of pension through e-pension system—Submission of Life Certificate-extension thereof

Submission of Life Certificate-extension – Haryana Govt

January 7, 2021 By pcadmin Leave a Comment

Submission of Life Certificate-extension - Haryana Govt From Additional Chief Secretary to Government Haryana, Finance Department. To 1. All Heads of Departments, Commissioners of Divisions in Haryana. 2. All the Deputy Commissioners & Sub Divisional Officers (Civil) in Haryana. 3. The … [Read More...] about Submission of Life Certificate-extension – Haryana Govt

COVID-19 Vaccine Rollout

COVID-19 Vaccine Rollout

January 7, 2021 By pcadmin Leave a Comment

COVID-19 Vaccine Rollout Dr Harsh Vardhan interacts with Health Ministers of States/UTs to review preparedness and seek their personal leadership in glitch-free Dry Run of 8th Jan IInd nationwide Dry Run to be held in 736 districts across 33 States/UTs tomorrow Dr. Harsh Vardhan requests … [Read More...] about COVID-19 Vaccine Rollout

Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.01.2021

Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.01.2021

January 6, 2021 By pcadmin Leave a Comment

Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.01.2021 SB Order No. 38/2020 e.F.No 113-03/2017-SB(Pt.1) Govt. of India Ministry of Communications Department of Posts (FS Division) Dak Bhawan, New Delhi-110001 Dated: 31.12.2020 To, All Head of … [Read More...] about Revision of interest rates for National (Small) Savings Schemes w.e.f. 01.01.2021

Rate of Interest for the Employees’ Provident Fund Members Account for the year 2019-20

Rate of Interest for the EPF Members Account for the year 2019-20

January 5, 2021 By pcadmin Leave a Comment

Rate of Interest for the Employees’ Provident Fund Members Account for the year 2019-20 No. INV- INV-11/1/2020-INV/2025 To All Regional Provident Fund Commissioners, Officers-In-Charge, Regional offices. Date: 04 JAN 2021 Sub: Declaration of Rate of Interest for the Employees’ Provident Fund … [Read More...] about Rate of Interest for the EPF Members Account for the year 2019-20

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

All About Pension

All about Pension

Latest DOPT Orders

Disclosure of scores and rankings of the candidates in the recruitment examination – DOPT

Adherence to Guidelines issued by DoPT regarding grant of sanction for prosecution

Calculation of monthly contribution towards cost of Pension payable during foreign service – DOPT

Regularisation of qualified workers appointed against sanctioned posts – Facts/ clarification

Regulating attendance of Central Government employees in offices with staggered timings – DOPT

Latest Finmin Orders

Reimbursement of Travelling Allowance admissible under Daily Allowance : FINMIN

Regulation of Remuneration in case of Contract Appointment of Retired Central Government Employees – FINMIN

Transport Allowance during Nation-wide Lockdown : FinMin

CGEGIS 1980 – Tables of Benefits for the savings fund for the period from 01.10.2020 to 31.12.2020

Clarification regarding queries being received in respect of Special Cash Package equivalent in lieu of LTC – FAQ No.3

Latest Railway Orders

Holidays to be observed in Central Government Offices during the year 2021: Railway Board Order

Grant of disability pension, comprising service element and disability element to pre-2006 disability pensioners

Re-classification of cities for the purpose HRA to Railway Employees

33% of Railways Officers and staff attend office with staggered timings

Provision of laptop to Gazetted Officers in Indian Railways.

Categories

Copyright © 2021