Salient features of 3^rd PRC recommendations:

a) Fitment benefit: Uniform fitment of 15% on Basic + IDA.

If the additional financial impact on the average of last 3 years PBT (Profit Before Tax) is less than 20%, the fitment will be 15%. If it is more than 20% but less than 30%, the fitment will be 10%. If it is more than 30% but less than 40%, the fitment will be 5%. If it is more than 40%, the fitment will be NIL.

b) Annual increment: 3%

c) Promotion Increment: 3%.

d) Pay scales:

Level                Pre-revised                              Revised

E0                    12600-32500                   30000-120000

E1                    16400-40500                   40000-140000

E2                    20600-46500                   50000-160000

E3                    24900-50500                   60000-180000

E4                    29100-54500                   70000-200000

E5                    32900-58000                   80000-220000

E6                    36600-62000                   90000-240000

E7                    43200-66000                   100000-260000

E8                    51300-73000                   120000-280000

E9                    62000-80000                   150000-300000

e) Stagnation increment: One increment after every two years, upto a maximum of 3 such increments.

f) IDA as on 01.01.2017: 100% neutralisation on 01.01.2017.

g) HRA: 24%, 16%, 8% in place of existing 30%, 20% and 10%. The HRA will be revised to 27%, 18% and 9% when IDA crosses 50% and further revised to 30%, 20% and 10% when IDA crosses 100%.

h) Superannuation benefits: It has to be under defined contribution scheme instead of defined benefit scheme.

i) Ceiling of gratuity to be enhanced from Rs 10 lakhs to Rs 20 lakhs from 01.01.2017. The ceiling of gratuity shall increase by 25% when IDA crosses 50%.

ii) The current limit of 30% of Basic pay +IDA will continue.

iii) The minimum qualifying service of 15 years not to be mandated for contributory pension. However it will be mandatory for medical benefits.

i) Date of effect: 01.01.2017 for pay scales, benefits and allowances.

j) Retirement age: No change.

k) Periodicity: Not later than 10 years, in line with Central Govt employees. Under no circumstances periodicity of wage revision for workmen should be less than the periodicity of the Executives.