Payment of Performance Related Pay with examples

Payment of Performance Related Pay with examples

No.W-02/0004/2018-DPE (WC)-GL-X/20
Government of India
Ministry of Heavy Industries & Public Enterprises
Department of Public Enterprises

Public Enterprises Bhawan,
Block No.14, CGO Complex,
Lodhi Road, New Delhi-110003.
Dated, the 1st July, 2020

OFFICE MEMORANDUM

Subject:- Pay revision of Board level and below Board level Executives and Non-Unionised Supervisors of Central Public Sector Enterprises(CPSES) w.e.f. 01.01.2017- Examples on Payment of PRP – regarding.

The undersigned is directed to refer DPE’s OM No W-02/0028/2017- DPE(WC)- GL-XIII/17 dated 03.08.2017 regarding Pay revision of Board level and below Board level Executives and Non-Unionised Supervisors of CPSEs w.e.f. 01.01.2017.

2 DPE guidelines on 2017 pay revision which, inter-alia, includes new methodology for calculation of PRP are applicable to all the Board level and below Board executives. Accordingly, the kitty factor with restriction of 100% of basic pay explained for calculating PRP is applicable to all the executives including Board level executives.

3. For the sake of more clarity and unambiguity, DPE has framed one more example of PRP Pay-out in case of CMD, Schedule A CPSE, which is illustrative in nature. All CPSEs are requested to review their PRP calculations in conformity to para 2 above and in line with example annexed to this OM. Deviations in past, if any may also be corrected.

4. All administrative Ministries/Departments of the Government of India are requested to bring the above to the notice of CPSEs under their administrative control and to comply with the DPE’s guidelines strictly.

(Samsul Haque)
Under Secretary

 

[download id=”116309″ template=”dlm-buttons-button”]