Finance Wing
(Internal Audit Unit)
F.No.1-62/2002-NVS(F&A)/CPF Dated:- 11/6/2007
Sub:- Grant of
management share of CPF on the Interim Relief.
It
has come to the notice of this office that Management Share has not been paid
to the subscribers of CPF on the interim relief allowed by the fifth pay
commission in Sep.1993 and onwards.
2.
As per Govt. of India’s decision – 2, below CPF rule 8(4) Interim
Relief is to be treated as ‘emoluments’.
Accordingly Management Share @ 10% of (Basic Pay + Interim Relief)
should have been credited to the subscribers Account, which had not been done
by CPF Cell.
3.
In this context, it is requested to consider the Interim Relief also as
‘emoluments’ while crediting the Management Share to the
CPF subscribers. Govt. of
4.
It’s effect to the subscribers account for the purpose
of credit of Management Share would be w.e.f. 15.9.93
to 31.12.1995.
5.
In case the Employee’s share falls short of 10% of the Basic Pay + Interim Relief, extra
credit of Management Share on Account of grant of Interim Relief, will not be
allowed.
6.
Past cases settled already will not be reopened.
This
issues
with the approval of Commissioner NVS.
(D.C.VERMA)
Assistant Commissioner (Audit)
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