T IM P I BHARA ITED HEAVY ELECTRICALS L IPING CENTRE‐ CHENNA RETIREMENT BENEFITS 1. Gratuity: It is calculated at the rate of 15 days salary for each completed years of service or part thereof in excess of six last salary drawn i.e., 15/26 x Last Salary x number of years of ervice. Salary includes basic pay, DA, Family Planning increment, Old increment, Service s Weightage and Personal Pay if any. The maximum gratuity is limited to Ten Lakhs. he employee has to put in his claim in the prescribed form E in duplicate (Annexure‐I) hich is available at HR Department. T w 2. Provident Fund: The PF accumulation along with employees share will be settled during the first week of the ollowing month of the retirement. The employee has to put up his claim in the prescribed ormat (Annexure II) a month in ad ance. f f v 3. Group Savings Linked Insurance: The contributions paid every month towards GSLIS until the month of retirement will be laimed from LIC by the HR Department and will be paid to the individual through Finance c Department. he employee has to put in his claim in the prescribed form (Annexure‐III) which is vailable at H ment. T a R Depart 4. Final Salary: he final salary pertaining to the wage period of the month of retirement will be paid as sual on the salary date and will be credited to the Bank Account of the individual. T u 5. Encashment of EL and HPL: he EL and HPL are encashable at the time of retirement on Superannuation/VRS/Pre‐ T mature Retirement. s per the provisions of Income Tax (IT), the EL encashment amount is exempted to the te A ex nt of least of the following: encashment received by the employee or a. Actual amount b. en months av c. s. 3,00,000/‐ of earned leave erage salary or T R Half pay leave encashment amount is taxable. On Submission of the filled‐in Application Form (Annexure IV)the amount on encashment will be credited to the bank account of the employee.
Transcript
T IMP I
BHARA ITED HEAVY ELECTRICALS LIPING CENTRE‐ CHENNARETIREMENT BENEFITS
1. Gratuity: It is calculated at the rate of 15 days salary for each completed years of service or part thereof in excess of six last salary drawn i.e., 15/26 x Last Salary x number of years of ervice. Salary includes basic pay, DA, Family Planning increment, Old increment, Service sWeightage and Personal Pay if any. The maximum gratuity is limited to Ten Lakhs. he employee has to put in his claim in the prescribed form E in duplicate (Annexure‐I) hich is available at HR Department.
Tw
2. Provident Fund: The PF accumulation along with employees share will be settled during the first week of the ollowing month of the retirement. The employee has to put up his claim in the prescribed ormat (Annexure II) a month in ad ance. ff v
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. Group Savings Linked Insurance: The contributions paid every month towards GSLIS until the month of retirement will be laimed from LIC by the HR Department and will be paid to the individual through Finance cDepartment. he employee has to put in his claim in the prescribed form (Annexure‐III) which is vailable at H ment. Ta R Depart
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. Final Salary: he final salary pertaining to the wage period of the month of retirement will be paid as sual on the salary date and will be credited to the Bank Account of the individual. Tu
5. Encashment of EL and HPL: he EL and HPL are encashable at the time of retirement on Superannuation/VRS/Pre‐Tmature Retirement. s per the provisions of Income Tax (IT), the EL encashment amount is exempted to the te
Aex nt of least of the following:
encashment received by the employee or
a. Actual amountb. en months avc. s. 3,00,000/‐
of earned leave erage salary or TR
Half pay leave encashment amount is taxable. On Submission of the filled‐in Application Form (Annexure IV)the amount on encashment will be credited to the bank account of the employee.
6. Income Tax:
Retiring employees are requested to produce proof of personal savings (including house ent receipt to avail house rent rebate) to Finance Department positively three months efore re irement or end of October whichever is earlier. rb t
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. Pension: Employees who are the members of EPS are eligible to draw their monthly pension on ompleting 58 years of age. In case they have missed drawing the same, the following cprocedure is to be followed. If member of the EPS, separate claim in form 10‐D has to be preferred. The form is available at HR Dept and the filled‐in forms will be forwarded to PF Section/Finance Department/Trichy which will be administered by the Regional Provident Fund ommissioner, Trichy and the settlement will be made directly by them. The details of the ension eligibility can be obtained from the PF Secretary/Accounts Department. Cp
8. Settlement Benefits: An amo nt of Rs. 3000/‐ will be paid towards the Settlement benefits within India for self
y for settling down in a place which is beyond 30 Kms. from the company. u
and famil
Note: • No advance will be allowed. • This benefit will be admissible if availed only within ONE year from the date of
retirement. P
9. ost Retirement Medical Benefits:
loyees Cont ibutory Health SchemeRetired Emp r :
Out‐Patient Diagnosis Treatment: Both Out‐Patient and In‐Patient medical treatment may be availed for self, spouse and hildren below 25 years of age are covered in this scheme by registering under the scheme cthrough prescribed format (Annexure IV) Membership Fee: ment equivalent to 50% of Basic Pay as on the date of Onetime pay
Retirement.
nnual Revalidation FeeA : Rs. 100/‐ for Executive Cadre Rs. 50/‐ for Non‐Executive Cadre. he Membership fee as above will be arranged to be recovered from the final salary payable o the retiring employees if he/she so opts. Tt
Out‐Patient Diagnosis (OPD) Reimbursement Scheme: The OPD Reimbursement Scheme is admissible to all RECHS Members based on their option in lieu of Out‐Patient Treatment Facility. The beneficiaries are eligible for In‐Patient Treatment only. The Reimbursement amount (presently Rs.12,000/‐ ) for self and spouse will be reimbursed to the individual. The reimbursement will be made once in a year after the relevant financial year by way of Cheque/DD/RTGS.
General:
For the timely settlement of above benefits, the retiring employees can follow the DO’s & DON’T’s as detailed below:
DO’ s:
a. nsure E that you have preferred your claim for:
• ed pre‐receipt in for processing.
Gratuity in the prescribed form E in duplicate along with stampadvance, since the claim has to be sent to Gratuity Trust, New Delhi
• rmat. Provident fund w
•
ith stamped pre‐receipt in the prescribed fo• sport Charge of Rs. 150/‐ Gift cheque (Pre‐receipt) and Tran
laim for GSLIS. C• Registering under RECH Scheme.
b. nsure that you have surrendered the following for obtaining clearance from the receptive
epartmEd
ent for expediting your settlement.
• Your Id Card, Swiping Card, Library Card, Lunch Card and Desk Key. The Passport if arranged by administration.
• ll other Company properties such as Tools, Brief‐ Cases, Calculators, books etc. in •
Ayour possession.
lear the dues c. Vacate Company’s quarter allotted to you within the stipulated time and c
towards Electricity Charges.
d. Ensure that you have cleared the dues to BHE Employee’s Co‐operative Bank. e. Ensure that you have submitted your final claims for advance drawn by you in respect of TA, LTC, and Medical Advance etc.
f. Furnish your Bank Account to Finance Department for crediting the payments like Bonus, PPP and Wage Revision Arrears etc. if any.
g. ubmit an Authorization Letter for recovery of excess amount paid by the company, if any, Sfrom your future payments.
h. Ensure your claim for settlement (in a place of your choice within India) such as Train Fare, Baggage Allowance and Transfer Grant is genuine and supported by documentary proof and this benefit is availed of within a year from the date of retirement.
ment and Finance i. Furnish your latest address with phone number to HR DepartDepartment.
j. Submit your personal savings for IT etc. in time to Finance Department. k. Avail Medical facilities under RECHS for a period of 2 years with reference to the place for
which you have availed settlement benefits.
D ON T’’ s:
a. D
on’t avail the Medical Facilities under RECHS if you are gainfully reemployed. ub. Don’t se the ID card after retirement for entering into the Company.
c. Don’t make any false claim for settlement benefits such as TA, transfer grant etc. pplier or work as an employee of the
ompany. d. Don’t enlist yourself with BHEL as Contractor/Su
ontractor/supplier without the permission of the Ce. on’t retain the Quarters after the stipulated time.
cD
Prepared By:
S.Gayathiri
Executive/HR
BHEL-PC
ANNUEXURE ‐ I Form ‐ E
APPLICATION FOR GRATUITY BY AN EMPLOYEE (To be submitted in duplicate)
s To
ry, Board of Trusteeyees’ Gratuity Fund
The SecretaHE Emplo
Delhi BNew Sir, I hereby apply for payment of gratuity to which I am entitled under Rule 9 of the Rules and Regulations of the BHE Employees’ Gratuity Fund on account of my Retirement on Superannuation/Voluntary Retirement/Resignation after completion of not less than Five Years of Continuous Service/Total Disablement due to accident/Total Disablement due to disease with ffect from ______________________________________. Necessary particulars relating to my appointment in he m : et
co pany are given in the statement below
1. Name in full :
2. Present address in full :
3. Landline and Mobile Number :
4. Designation and Department :
: 5. Staff Number
6. Da ote f Appointment:
a. NMR Service : From ______________ To ________________
b. Regular Service: From ________________ To ________________
7. Wh ing BHEL, if so, ether was in Government Service prior to join
a. Date of Joining the Government Service:
ervice:
from Go
b. Date of relief from the Government S
c. Amount of Gratuity received, if any, vt.:
te Leaving the Service of BHEL 8. Da of :
eason : Retirement/Resignation R
P.T.O
9. Period of Service: ____________Years____________________Months___________Days
10. Amount of Wages last Drawn : Basic Pay Rs……………………..
DA Rs……………………..
11. owards: House Building Advance Liability T
a. Principal amount of advance :
b. Interest due on advance :
12. rough Bank: Payment may please be made th
NT NO: SAVINGS BANK ACCOU
NAME OF THE BANK:
AME OF THE BRANCH: N
Place: Chennai
Y ours faithfully
(SIGNATURE)
RECEIPT
RECEIVED with thanks from M/s Bharat Heavy Electricals Limited, Piping Centre, Chennai
a sum of Rs._____________________ (Rupees ___________________________________________________________
: _______________________________________________________________ Landline & Mobile Number
Declaration by the Member:
und I hereby declare that I have not been employed in any Establishment to which the Employees’ Provident F
d not less than two months immediately preceding the date on Act – 1952 applies for a continuous perio
which I make this claim for withdrawal.
Signature of the Member
Witness
re Signatu :
Name :
Staff No :
Designation :
Department :
Auto Phone Number :
Note: Under EPF Rules, if a member leaves an Establishment to take up employment anywhere else, to which the EPF Act is applicable then his PF account shall be transferred to the PF Fund Trust there on the PF office concerned, as the case may be and not due for repayment to the member.
P.T.O
PREACQUITTANCE
RECEIVED with thanks from the Trustees, M/s Bharat Heavy Electricals Limited,
Employees’ Provident Fund, Tiruchirappalli – 620 014, a sum of Rs._____________________
In full and final settlement of my Provident Fund Account.
SIGNATURE
OVER Re.1/‐ Revenue Stamp
Name :
Staff No. : (PF.Account No.) Witness
re Signatu :
Name :
Staff No :
Designation :
Department :
Auto Phone Number :
ANNEXURE III
BHARAT HEAVY ELECTRICALS LIMITED
PIPING CENTRE CHENNAI 17
GSLIS CLAIM FORM
From
Name :
Staff No. :
Designation :
Department :
andline & Mobile Number : L
To
Executive/HR
ing Centre BHEL, Pip
nai Chen
Sir,
Sub: GSLIS CLAIM
I will be retiring from the service of the organization on Superannuation with effect from _______________________. I request that my Savings portion of GSLIS may please be claimed from LIC and credited to my bank account as given below:
Savings Bank Account:
Name of the Bank :
Branch :
Date of joining BHEL :
SLIS : Date of entry into G
Promotion Details:
t cadre Date of promotion to supervisor/equivalen :
Date of promotion to E1/equivalent cadre :
Promotion to E5 grade :
SIGNATURE
ANNEXURE IV
BHARAT HEAVY ELECTRICALS LIMITED PIPING CENT
ENCASHM EARNERE CHENNAI 17
ENT OF D LEAVE APPLICATION FORM Name : Staff No. : Designation : Department : Please . I have availed/not availeDate: Signature of the Employee
sanction me Encashable Earned Leave for ______________________ daysd of encashment facility during this calendar year.
Sanctioned Subject to Eligibility Date: To: Executive/HR
Signature and Designation
thority to Sanction Earned Leave Competent AuTo Be Filled by HR Department
The Applicant is having _____________ days of Encashable Earned Leave at his credit. He is allowed to _______________ days. Necessary entry in this respect has been made in the Attendance Record. encash
Date: To: Manager/Finance Signature and Designation
To Be filled by Finance Department
ABE Number: Payment Admitted foress Income Tax:
Payable:
: Rs. LNet Amount ccountant Accounts Officer A No. Date: Your application for encashment of leave has been forwarded to Accounts Officer/Finance for ayment of leave salary for _________ days. The balance that stands to your credit on date, after llo ing encashment as above, is as follows:
ncashment Leave : _____________
pa
w
a. _EN
_____days b. ________________ days on‐Encashment Leave: ___
To:
Name : Staff No. : esignation : epartment :
DD
Signature and Designation
To Be filled by Finance Department
Name :
Staff No :
Basic Pay : Rs.
FPI : Rs.
Stagnation Inc. : Rs.
Dearness Allowance : Rs.
Total : Rs.
Rs. __________________X ________________ 26/30
Amount Payable : Rs.
Less Income Tax : Rs.
Net Amount Payable : Rs.
RECEIPT
RECEIVED with thanks from M/s Bharat Heavy Electricals Limited, Piping Centre, Chennai
a Cheque for Gift and Transport Cost bearing No. _____________________ dated _______________ for
Rs. 1650/‐ (Rupees Thousand Six Hundred and Fifty only).
SIGNATURE
NAME:
STAFF NO:
DESIGNATION:
DEPARTMENT:
BHARAT HEAVY ELECTRICALS LIMITED
PIPING CENTRE CHENNAI 17
AUTHORIZATION LETTER
From :
Name :
Staff No. :
Designation :
Department :
andline and Mobile No. : L
To
Manager/Finance
ping Centre, BHEL‐ Pi
hennai C
Sub: Recovery of Excess amount paid/dues payable by me – General Authorization – Regarding:
In pursuant to my retirement on Superannuation/ Voluntary Retirement/Resignation/Removal from the Company on __________________________________________ if it is found that any excess amount has been paid by the company or if there is any dues (present or future) payable by me to the company, which amount I may not be entitled, I hereby authorize you to recover the same, from any future amount payable to me by the Company
undertake that I will not revoke the authorization under any circumstances. I
Signature
BHARAT HEAVY ELECTRICALS LIMITED
PIPING CENTRE CHENNAI 17
From :
Name :
Staff No. :
Designation :
epartment : D
To
Manager/Finance
Centre, Chennai Piping
L BHE
Sir,
I request that any payment due to me on my Retirement on Superannuation/Voluntary Retirement/Resignation/Removal from the Company on ____________________ may kindly be credited in my Bank Account as given below:
Landline and Mobile Number : _______________________________________________________________
ANNEXURE IV
BHARAT HEAVY ELECTRICALS LIMITED
PIPING CENTRE CHENNAI 17
RETIRED EMPLOYEES’ CONTRIBUTORY HEALTH SCHEME
Name :
Staff No. :
Date of Birth :
Designation :
Department :
L Date of Joining BHE :
Date of Retirement :
ment Basic Pay as on date of Retire :
ddress for Communication : A
Landline & Mobile Number :
If wards/wife are employed in BHEL : (Please furnish the Name and Staff No) Details of the Beneficiaries :( in case of Children, their age should be below 25):
Name Relation Date of Birth & Age
I certify that I am not re‐employed on full time/part time basis anywhere. I am also not availing any other medical cover in consequence of employment of my spouse and or wards. I hereby abide by the Rules and regulations of the said scheme and circulars issued by the company from time to time, exhibited at Company’s Notice Boards. I undertake to ommunicate to the company about my employment/non‐employment every year in order
il the benefits under this scheme. cto ava ate: D
SIGNATURE Certified that the above stated facts are verified and found correct. Date: SIGNATURE OF HR/EXECUTIVE
