General Insurance (Rationalisation of Pay Scales and other Conditions of Service of Officers) Amendment Scheme, 2010
S.O.2470(E).--In exercise of the powers conferred by section 17 A of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972), the Central Government hereby frames the following Scheme further to amend the General Insurance (Rationalisation of Pay Scales and other Conditions of Service of Officers) Scheme, 1975, namely:-
1. (1) This Scheme may be called the General Insurance (Rationalisation of Pay Scales and other Conditions of Service of Officers) Amendment Scheme, 2010.
(2) Save as otherwise provided in this Scheme, this Scheme shall be deemed to have come into force on the 1st day of August, 2007.
(3) Save as otherwise provided in this Scheme, this Scheme shall be applicable to those Officers who were in the service of the Corporation or Company as on, or after, the 1st day of August, 2007:
Provided that the officers, whose resignations had been accepted or whose services had been terminated during the period from the 1st day of August, 2007 and the date of publication of this Scheme, shall not be eligible for the arrears on account of revision under this Scheme.
2. In the General Insurance (Rationalisation of Pay Scales and other Conditions of Service of Officers) Scheme, 1975 (hereinafter referred to as "the said Scheme"), in paragraph 3, in clauses (na) and (nb), for the words "Eleventh Schedule", the words "Thirteenth Schedule" shall be substituted.
3. In the said Scheme, in paragraph 4, after sub-paragraph (9), the following sub-paragraph shall be inserted, namely: -
"(10) With effect from the 1st day of August, 2007, the pay and allowances of every officer shall be in accordance with the Thirteenth Schedule appended to this Scheme:
Provided that the officer may choose that his basic pay may be fixed in terms of the Thirteenth Schedule with effect from any date not earlier than the 1st day of August, 2007 and not later than the date of publication of this Scheme, in which case he shall intimate such choice in writing to the Corporation or Company within such period as may be prescribed by the Chairman-cum-Managing Director of the Corporation or Company, as the case may be:
Provided further that no arrears for the period prior to the date so chosen shall be payable to such officer.".
4. In the said Scheme, for paragraph 8A, the following paragraph shall be substituted, namely:-
"8A. Subject to the work record being found satisfactory, -
(a) an officer in Scale I, who has reached the maximum of the scale of pay applicable to him, may be granted for every three completed years of service after reaching such maximum, an additional increment (called 'Stagnation Increment') equal to the last increment drawn by him in the scale of pay subject to a maximum of three such increments:
Provided that an officer, who has already been granted, as on the 31st day of July, 2007, one or two Stagnation Increment(s) in the scale of pay as per the Eleventh Schedule, his basic pay in the relevant scale of pay as per the Thirteenth Schedule shall be fixed at the corresponding one or two stage(s) above the maximum of the scale of pay as per Table B, in Item II of the Thirteenth Schedule: Provided further that the third Stagnation Increment shall be granted to an officer, after the completion of three years from the date of receipt of second Stagnation Increment or, from the 1st day of the month following the date of publication of this Scheme, whichever is later;
(b) an officer in Scale II, who has reached the maximum of the scale of pay applicable to him, may be granted for every three completed years of service after reaching such maximum, an additional increment (called 'Stagnation Increment') equal to the last increment drawn by him in the scale of pay, subject to a maximum of five such increments:
Provided that an officer, who has already been granted, as on the 31st day of July, 2007, one, two, three or four Stagnation Increment or Increments in the scale of pay as per the Eleventh Schedule, his basic pay in the relevant scale of pay as per the Thirteenth Schedule shall be fixed at the corresponding one, two, three or four stage or stages above the maximum of the scale of pay as per Table B, in Item II of the Thirteenth Schedule:
Provided further that the fifth Stagnation Increment shall be granted to an officer, after the completion of three years from the date of receipt of the fourth stagnation increment or, from the 1st day of the month following the date of publication of this Scheme, whichever is later;
(c) an officer in Scale III, who has reached the maximum of the scale of pay applicable to him, may be granted for every three completed years of service after reaching such maximum, an additional increment (called 'Stagnation Increment') equal to the last increment drawn by him in the scale of pay, subject to the maximum of two such increments:
Provided that an officer, who has already been granted, as on the 31st day of July, 2007, one or two Stagnation Increment or Increments in the scale of pay as per the Eleventh Schedule, his basic pay in the relevant scale of pay as per the Thirteenth Schedule shall be fixed at the corresponding one or two stage or stages above the maximum of the scale of pay as per Table B, in Item II of the Thirteenth Schedule:
(d) an officer in Scale IV, who has reached the maximum of the scale of pay applicable to him, may be granted an additional increment (called 'Stagnation Increment') equal to the last increment drawn by him in the scale of pay, from the 1st day of the month following completion of three years service after reaching such maximum or 1st day of the month following the date of publication of this Scheme, whichever is later;
Explanation: For the purpose of this paragraph, 'service' means the period of duty excluding period or periods of extraordinary leave.".
5. In the said Scheme, in paragraph 9, after the second proviso, and before the Explanation, the following proviso shall be inserted, namely: -
"Provided also that the provisions of this paragraph shall not apply to Officers who joined the service of the Corporation or the Company, as the case may be, on or after the 1st day of January, 2004 and in respect of such Officers, the provisions of paragraph 9A shall apply.".
6. In the said Scheme, in paragraph 9, in the Explanation, in clause (iii), after sub-clause (bb), the following sub-clause shall be inserted, namely:-
"(bc). In the case of officers other than the Chairman-cum-Managing Director, for the period commencing on the 1st day of August, 2007, as per Thirteenth Schedule.".
7. In the said Scheme, after paragraph 9, the following paragraph shall be inserted, namely: -
"9A New Pension Scheme Fund:
Officers joining the service of the Corporation or the Company, as the case may be, on or after the 1st day of January, 2004, and accordingly covered under the New Pension Scheme, in terms of Note (2) of paragraph 3 of the General Insurance (Employees') Pension Scheme, 1995 shall contribute every month, to the Fund for the New Pension Scheme, at the rate of 10% of the Basic Pay plus Dearness Allowance, and equal contribution shall be made by the Corporation or the Company, as the case may be.
Explanation: For the purposes of this paragraph, the expression 'Basic Pay plus Dearness Allowance' shall be computed with reference to the Scale of Pay and Allowances applicable to the Officer in terms of this Scheme, as amended from time to time.".
8. In the said Scheme, after the Twelfth Schedule, the following Schedule shall be inserted, namely:-
"THIRTEENTH SCHEDULE
[See paragraph 3, clauses (na) and (nb) and paragraph 4, sub-paragraph (10)]
I. Pay Scales (Basic Pay):
(1) Scale VII
Rs. 52210-1400(2)-55010-1500(1)-56510-1640(1)-58150-1700(1)-59850
(2) Scale VI
Rs. 46610-1400(5)-53610
(3) Scale V
Rs. 41660-1200(3)-45260-1350(2)-47960
(4) Scale IV
Rs. 34460-1200(7)-42860
(5) Scale III
Rs. 28160-840(1)-29000-910(6)-34460-1200(4)-39260
(6) Scale II
Rs. 23120-840(7)-29000-910(6)-34460
(7) Scale I
Rs. 17240-840(14)-29000-910(4)-32640
II. Fixation of the Basic Pay and Stagnation Stages:
TABLE - A
Fixation of the Basic Pay
| Scale I | Scale II | Scale III | Scale IV | Scale V | Scale VI | Scale VII | |||||||
| Existing Basic Pay | Revised Basic Pay | Existing Basic Pay | Revised Basic Pay | Existing Basic Pay | Revised Basic Pay | Existing Basic Pay | Revised Basic Pay | Existing Basic Pay | Revised Basic Pay | Existing Basic Pay | Revised Basic Pay | Existing Basic Pay | Revised Basic Pay |
| 11110 | 17240 | 14890 | 23120 | 18130 | 28160 | 22030 | 34460 | 25930 | 41660 | 28605 | 46610 | 31745 | 52210 |
| 11650 | 18080 | 15430 | 23960 | 18670 | 29000 | 22680 | 35660 | 26580 | 42860 | 29390 | 48010 | 32530 | 53610 |
| 12190 | 18920 | 15970 | 24800 | 19230 | 29910 | 23330 | 36860 | 27230 | 44060 | 30175 | 49410 | 33315 | 55010 |
| 12730 | 19760 | 16510 | 25640 | 19790 | 30820 | 23980 | 38060 | 27880 | 45260 | 30960 | 50810 | 34165 | 56510 |
| 13270 | 20600 | 17050 | 26480 | 20350 | 31730 | 24630 | 39260 | 28605 | 46610 | 31745 | 52210 | 35105 | 58150 |
| 13810 | 21440 | 17590 | 27320 | 20910 | 32640 | 25280 | 40460 | 29330 | 47960 | 32530 | 53610 | 36100 | 59850 |
| 14350 | 22280 | 18130 | 28160 | 21470 | 33550 | 25930 | 41660 | ||||||
| 14890 | 23120 | 18670 | 29000 | 22030 | 34460 | 26580 | 42860 | ||||||
| 15430 | 23960 | 19230 | 29910 | 22680 | 35660 | ||||||||
| 15970 | 24800 | 19790 | 30820 | 23330 | 36860 | ||||||||
| 16510 | 25640 | 20350 | 31730 | 23980 | 38060 | ||||||||
| 17050 | 26480 | 20910 | 32640 | 24630 | 39260 | ||||||||
| 17590 | 27320 | 21470 | 33550 | ||||||||||
| 18130 | 28160 | 22030 | 34460 | ||||||||||
| 18670 | 29000 | ||||||||||||
| 19230 | 29910 | ||||||||||||
| 19790 | 30820 | ||||||||||||
| 20350 | 31730 | ||||||||||||
| 20910 | 32640 | ||||||||||||
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