Vous êtes sur la page 1sur 49

Session on

Superannuation Benefits

12 th February, 2019

- Anupriya

Agenda
Agenda

DPE Guidelines w.e.f 01 01 2007 & onwards

What Constitutes Retirement Benefits?

Provident Fund & EPS

Gratuity

Post Retiral Medical Benefits

BHEL Employee Pension Scheme

Other Superannuation Benefits

Way forward…

1. DPE Guidelines

1. DPE Guidelines

1. DPE Guidelines
1. DPE Guidelines

What Constitutes Retirement

benefits

Break-Up of 30% of Basic Pay + DA (Post 2007) as on 31.03.2018 S.No. Component
Break-Up of 30% of Basic Pay + DA (Post 2007) as on 31.03.2018
S.No.
Component
%age
Remarks
1.
Contributory Provident Fund
12%
As per EPF Act
2.
Gratuity
4.8%
As per Payment of Gratuity Act
3.
Post-Retirement
Benefit (PRMB)
Medical
6.3 %
As per actual and actuarial cost
4.
Pension
6.9%
Based on finalized account for
the Fin Year 2017-18
Total
30%
-
It is evident from above that any increase of PRMB expenses will result into lower
contribution towards Pension.

CONTRIBUTORY in Nature

SUBSCRIPTION

Member Contribution- 12% of Basic Pay plus DA

Company Contribution- 12% of Basic Pay plus DA minus 8.33% of Basic Pay plus DA w.r.t. maximum Rs.15000/- goes to Pension fund

Total amount of savings (MC+CC) with the interest to be withdrawn after separation

90% of Member Contribution + Company Contribution can be withdrawn 1 year before superannuation

If not applied within 7 days then TDS to be deducted on the interest

payable on the PF amount

EMPLOYEES’ PENSION SCHEME (EPS) of 1995

EMPLOYEES’ PENSION SCHEME (EPS) of 1995

Employee provident fund organization(EPFO) manages the pension account of all those who are contributing to EPF including private trust.

8.33% of employer’s monthly contribution from the EPF goes into EPS. Monthly contribution to EPS is restricted to 8.33% of 6500 or Rs 541 p.m and from Sep 2014 Rs 1250 (8.33% of 15,000).

Lifelong pension is available to the member and upon his death members of the

family are entitled for the pension.

Pensionable Salary X Pensionable service / 70

Widow Pension -Upto the date of

death or remarriage

(Min.Rs.450/p.m.)

of

the widow

Children Pension - For two children upto the age of 25 yrs or marriage. For -

the amount admissible to the widow

each

child

25

per

cent

of

(Min.Rs.150/p.m.)

ELIGIBILITY Minimum five years of service (except in death case)

ENTITLEMENT

Maximum Rs.20,00,000/-

Last Pay drawn X 15 X Completed years of service) / 26

Period of more than 6 months to be considered as full year of service

On superannuation / resignation / termination ( except in cases of

forfeiture)

Totally Tax Free

PRMB - RETIRED EMPLOYEES’

CONTRIBUTORY HEALTH SCHEME

(RECHS)

PRMB - RETIRED EMPLOYEES’ CONTRIBUTORY HEALTH SCHEME (RECHS)

Coverage

Intended to extend medical cover to the retired BHEL employee and his/her spouse, and spouse of an employee who dies in harness

to extend medical cover to the retired BHEL employee and his/her spouse, and spouse of an

Eligibility

Regular employee who retires from BHEL after min. 15yrs of cont.

service in CPSEs out of which 5 yrs in BHEL.

Appointed by PESB & retire from Com. On superannuation with 15 yrs. Of continuous service

Other regular employees with 15 yrs of service

Board level appointees who have rendered min. 15 yrs. Of continuous service in CPSEs

Spouse of an employee who dies in harness

Permanent disability on account of while in service

No Functional Director including EDs/GMs with ED powers who has retired/resigned, shall accept any appointment/post with which co had

business relations within one year from the date of retirement. Surety

bond to be obtained. Any violation would invite withdrawal of RECHS

A Medical Insurance coverage and RECHS benefits may be availed simultaneously. Bill from single source

Admissibility in Case of Spouse of Deceased

Employee

Spouse of deceased to continue availing benefits subject

to meeting criteria of eligibility

Not available in case availing from other source

Surviving spouse may become RECHS member even if not a member already while spouse was alive

REGISTRATION

A retired employee who intends to avail of medical facilities under this

scheme, can register him/herself at any BHEL Division/ Permanent Office

for availing the facilities. Membership to be made online on RECHS system

MEMBERSHIP FEE

One time payment equivalent to half of the last serving month’s basic pay drawn before retirement

RE-VALIDATION FEE

Executive Cadre Non-Executive Cadre

-

Rs. 200/- p.a.

-

Rs. 100/- p.a.

Membership to be maintained in central database and validity of membership to be aligned with continuity of benefits

Membership to become invalid if not revalidated and penal re-entry

charges effected for renewal

Contribution is non-refundable

In case of employees who are on deputation / takes up appointment at Board level. On time contribution apart from Membership fees:

Board level appointee who leaves due to non-

Prescribed RECHS contribution as per

extension of tenure/ resignation/ selection to other PSUs and are otherwise eligible or BHEL exe. after min, 20 yrs leave to join

%

of BP+DA is reqd. to be remitted

either by individuals orgn. Or by individual himself for the period spent.

other co. board of other CPUS and retire

from there.

Employees who are / have been on deputation /lien to Board level position, to other CPSEs/other orgn.

Prescribed RECHS contribution as per

%

of BP+DA is reqd. to be remitted

either by individuals orgn. Or by

 

individual himself after being relieved

from that organization

Options for Change of Location for availing Medical Benefits

Minimum for a period of one year, change of location for availing Medical benefits

In case of TA claim, the same shall be frozen for a period of two years

Classification for Hospitalization Under

RECHS

BHEL Units having Company Hospital

BHEL Units/ Division not having Co Hospital but have Company Approved Hospitals

At BHEL Units not having Company Hospital or Company Approved Hospitals

At Places, where Co Hospital, Co Approved Hospital and Registered N Homes are not available

At BHEL Units, having Company Hospital

Beneficiary entitled as indoor patients as per entitlement on the date of retirement, irrespective of the station where the beneficiaries has registered.

Expenses incurred in AIIMS/ PSU/ Govt. Hospital/ Railways/Defence

Hospital reimbursable in full with entitlement similar to serving

employee

Major ailments and Common Ailments of old age may also be provided

in Co. approved hospital by CMS. The referral letter shall clearly specify

the room rent/ ward entitlement and other conditions.

BHEL Units not having Company Hospital but Company Approved Hospital

Beneficiary entitled as indoor patients for Major Ailment/

Common ailment of old age on being referred to by the

AMA/CMO

For other Ailments-treatment allowed as per BHEL schedule of

rates-may be taken in Company approved or Registered Nursing

Homes

Reference rates shall be as per BHEL Schedule of rates

BHEL Units, not having company hospital or Company Approved Hospital

Reimbursement in full on submission of bills only if taken in

AIIMS/ Govt/ PSU/ Railway/ Defence

Reimbursement allowed in Registered Nursing Homes as per

Annexure C and as applicable for that location

Reference rates shall be as per BHEL Schedule of rates

At places, where no Company Hospital/Company Approved Hospital/Registered Nursing Homes

Beneficiaries may avail treatment at State recognized Nursing

Homes

Reimbursement allowed in Registered Nursing Homes as per

Annexure C and as applicable for that location

Reference rates shall be as per BHEL Schedule of rates

Hospitalization: contd

In Co Approved hospital, allowed only for Major Ailment/

Common Ailment of Old age as given in Annexure ‘A’ & ‘B’

respectively. The Ward entitlements will be as per Annexure ‘C’.

Uniform treatment charges, room rent at par with serving

employees

Package Deal

Beneficiaries to deposit 20% of the estimated amount with the

hospital directly or 10000+surety of serving employee. Reimbursement may be claimed from Co. on submission of bills.

Outstation Treatment

May be permitted for Major/Common Ailment only. No TA admissible

May also be permitted for “other ailment’ if considered essential with recorded reasons by AMA/CMO

Permission to be given judiciously by committee and only to Co. Approved Hospital. Other than that by Head of Unit only

No post facto allowed. Bills will not be reimbursable

Contd

For Major/Common in Co Approved - same rates as agreed to be allowed for that location

For Other ailments BHEL Schedule of rates for that location

If treatment taken in other than co approved hospital, where rates are higher than Baseline, baseline rates would be extended. In case baseline not available, CGHS rates to be extended and approval of CMD required.

Day Care Procedure

At Company Hospital: entitled to day care procedure

In Co Approved/Registered Nursing Home By AMA/CMO for Day care procedures not available in co hospital.

At Co Approved Hospital: credit only to those who have accepted BHEL Schedule of rates or else reimbursement as per Annexure D

Prior intimation necessary to BHEL doctor

OPD (Incl Consultation/Diagnostic tests/Medicines)

Two Option: CO Hospital/Dispensaries or Fixed OPD

To the extent available with Co Hospital/Dispensaries

Reimbursement on certification basis only

Option once exercised cannot be changed for the benefit period

Fixed OPD: 1500 per month and to be claimed at the end of the year

Co Dispensary: 2000 emergency basis only

No Medicines to be allowed to be purchased from outside

Annexure A

List of Major Ailments

1.

Cardiac Procedures and Surgeries

2.

Cancer

3.

Renal

4.

Neurological

5.

Cases of major accidents requiring hospitalization treatment comprising of Head, Spinal injuries, Complicated Multiple Fractures requiring implants prosthesis, plating and nailing.

6.

Acute Abdomen and Septicemia

Annexure B

List of Common Ailments of Old Age

1.

Prostrate Surgery

2.

Hernia

3.

Gall Bladder Stone

4.

Hysterectomy

5.

Breast Lump

6.

Pulmonary Fibrosis

7.

Cataract / Blindness

8.

Cellulites/Abscess

9.

Multiple Sclerosis

10.

Total Knee Replacement

11.

Total Hip Replacement

ANNEXURE C Ward entitlement at Co approved Hospitals & Registered Nursing Home

a) Ward entitlements at Company Approved Hospitals (/ Day)

 

Category

 

Ward Entitlements

 

GGMs, GMI/Cs and above

   

Nursing Home (Single Bedded)

 

E5 to E8

 

Semi Nursing Home (Double Bedded)

 

AVI/BVI to E4 and AV/BV & below

   

Semi Paying (3 or more Bedded)

 

b) Room rent ceilings at Registered Hospital/Nursing Homes at ‘X’ Class, ‘Y’ class cities and at other places & for Un- registered Nursing Homes at all places (/ Day)

               

Regd Hosp.

   

Ward

‘X’Class Cities

Regd Hosp.

Regd Hosp. at other cities/ Unregd at all places

Category

Entitleme

Delhi

Mumbai

Chennai

Kolkata

B’lore

Hyd

Other Than

‘Y’ Class

nt

Metro, Hyd,

cities

& B’lore

 

GGMs,

                   

GMI/Cs

Deluxe

5950

4200

2800

4200

3850

3920

2520

1760

1400

and above

 

Nursing

                 

Home

E5 to E8

(Single

4340

3010

2100

2800

3080

2450

1890

1320

1050

Bedded)

 

Semi

                 

Nursing

AVI/BVI to

E4

Home

(Double

3220

1820

1750

2450

1960

1813

1575

1100

900

Bedded)

AV/BV &

Semi Paying (3 or more Bedded)

                 

below

2170

1190

1295

980

1260

882

1165

800

650

Annexure D

List of Day care procedures

I General Surgery

1.

Incision & drainage

2.

Ganglion removal

3.

Sub cut dermoid, sebaceous cyst

4.

Hamartoma, Papilloma, Lipoma, wart, hemangioma removal

5.

Sclerotherapy for varicose vein

6.

Fibroadenoma excision

7.

Lymph node biopsy

8.

Circumcision

9.

Suturing of lacerated wound

10.

Hydrocele

11.

Toe nail removal

12.

Cystoscopy, sigmoidoscopy, upper GI scopy

13.

ESWL, Ureteroscopy

14.

Prostate Biopsy

15.

Urethral Dilatation

List of Day care procedures contd.

II. Obstetrics & Gynaecology

1.

Dilation & curettage, cervical biopsy

2.

Cone biopsy

3.

Polyp removal

4.

Hysteroscopy

5.

Diagnostic laproscopy

III. ENT

1. Polyp removal

2. Foreign body removal

3. Bronchoscopy, Laryngoscopy

4. Biopsy for tumors

5. Sub mucous resection

IV. Ophthalmology

1.

Chalazion, stye removal

2.

Cataract Surgery

3.

Foreign body removal

4.

Laser Surgery for retina

5.

Strabismus repair

6.

Tonometry

List of Day care procedures contd.

V. Orthopedics

1.

Arthroscopy

2.

Carpal tunnel release

3.

Intraarticular & epidural Steroid injection

4.

Closed reduction

5.

Hardware removal

6.

Manipulation under anaesthesia

7.

K-wire fixation

8.

Excision of dupytrens contracture

VI. Dental

1. Extraction

2. Restoration

3. Nasalbone fracture reduction

Rules wrt. In-admissibility of

Medicines etc.

Medicines which are of food value;

Medicines in the nature of toiletries; and

Medicines which are of a prophylactic nature

except to the extent specifically provided for in these rules

BHEL EMPLOYEE PENSION SCHEME

BHEL EMPLOYEE PENSION SCHEME

In-Flow to Common Fund at Company Level

The Company contributes to the Trust / Fund an amount at the rate of X% of

the Pay + DA per annum of the employees on the rolls of the Company as on

1.1.2007 and onwards.

This percentage contribution towards Pension fund is reviewed every year to ensure that the contribution of the Company towards the four superannuation benefits such as PF, Gratuity, Post-retirement medical benefit (BHEL RECHS) and Pension

The overall ceiling of 30% of Basic + DA of all regular employees.

Individual Pension corpus to be based on annual % contribution from

Company to Pension Fund AND number of days per month for the entire service decided on a year to year basis.

Salient Features of the scheme

Amount of Pension based on returns from the scheme.

Individual Pension Corpus to buy Annuity from Annuity Providers, who will give monthly pension pay out.

Eligibility

Regular employees who superannuate on or after 1.1.2007

Employees who die in harness/ termination due to incapacitation arising out of

employment injury.

Lateral entry to BHEL : Pension corpus only for service rendered in BHEL, based on period of contribution.

Out-Flow (Individual Pension Corpus)

The Individual Pension Corpus for buying the Annuity will be arrived by

considering:

Last drawn salary( Basic +DA) X Number of years of service in the Company X (X)Number of days in a month of 30 days, as Certified by Actuaries

For calculating “X “ days Basic Pay plus DA, the month shall be treated as 30

days.

(X) No. of days will be reviewed every year.

“X” is 10 days for the period from 01.01.2007 to 31.03.2012 which would vary, depending on annual % contribution of Co. to the Fund.

“X” is 9.5 days for the period from 01.04.2012 to 31.03.2016

HPL, EOL, LWP & UA amount will be deducted from the corpus

Annuity Providers

M/s Life Insurance Corporation of India

M/s Bajaj Allianz Life Insurance Company Ltd

M/s SBI Life Insurance Co. Ltd

M/s HDFC Life

Four Options to choose from

Life Annuity ( L.A.)

Life Annuity with Return of Capital (LAROC)

Joint Life Annuity (JLA)

Joint Life Annuity with Return of Capital (JLAROC)

Payment Mode is also : Monthly, Quarterly, Half Yearly & Yearly.

FRINGE BENEFITS

LEAVE

Encashment of Earned leave up to a maximum of 300

days on superannuation

Earned leave credited on pro-rata basis in the year of retirement

Up to 3 Lacs- Tax Free

TRANSFER TRAVELLING

ALLOWANCE

ELIGIBILITY

All retiring employees within one year of retirement

Retired employees who die within one year from the date of retirement

Family of any employee who dies while in service

Facility of RECHS for minimum 2 years at the final (new) place of shifting

TRANSFER TRAVELLING

ALLOWANCE

ENTITLEMENT

Air/rail fare as per entitlement

Cost of transportation of baggage

Transfer grant(equal to one month’s basic pay)

Incidental TA

No disturbance allowance is admissible

Cost of transportation of conveyance will not be admissible

SETTLING DOWN AT THE LAST PLACE

OF DUTY/CONTIGUOUS PLACE

They will be allowed 50% of the loading/ unloading charges as admissible to

serving employees to meet the charges towards carriage of personal effects.

It would be regulated on self-certification basis.

The following rates would be applicable:-

Grades (As on date of retirement)

Amount admissible w.e.f. 06.04.2015

E5 and above

Rs. 5000/-

E2 to E4, S5 to S8 & A12 /B12

Rs. 4000/-

E1, ET JE

 

S2 to S4 & A8/B8 to A11/B11

Rs. 3000/-

S0, S1, A4/B4 to A7/B7 & below

BAGGAGE ALLOWANCE

Grades

By Train / Steamer at the

Rate per Km. for transportation By Road

Loading and/or

current freight rates notified by Min. of Rly & Shipping Corp Of India respectively

excluding tax, Octroi & toll charges (in Rs.)

Unloading charges (one time) irrespective of class of cities and no. of trucks

   

X & Y Class Cities (Originating City)

Z Class Cities (Originating City)

 
 

6000

kgs by Goods

     

E5 and above

Train / 1 double

container

46.90

per km By: 2

trucks (max)

28.14

per km By: 2

trucks (max)

10,000/-

E2 to E4, S5

6000 kgs by Goods

46.90 per km By: 1

truck

28.14 per km By: 1

truck

 

to S8 & A12

/B12

Train / 1 single container

8000/-

E1, ET JE, S2 to S4 & A8/B8 to

A11/B11

4000

kgs by Goods

     

Train / 1 single container

31.20

per km By: 1 truck

18.72

per km By: 1 truck

6000/-

S0, S1,

       

A4/B4 to

2000

kgs by Goods

15.60

per km By: 1 truck

9.36 per km By: 1 truck

A7/B7 &

Train

6000/-

below

   

Thank You