PCAFYS - Superannuation Charges As Per 7th CPC

New Rates of Superannuation Charges – Interim Rates as per 7th CPC

Rate of levying of ‘Superannuation Charges’ for inclusion in the ‘Production Accounts’ of ‘Ordnance and Ordnance Equipment Factories’

GOVERNMENT OF INDIA

MINISTRY OF DEFENCE

OFFICE OF THE PRINCIPAL CONTROLLER OF ACCOUNTS (FYS)

PR. SECTION

10-A, S.K. BOSE ROAD, KOLKATA 700001

No. PR/lX/833/XXV

Dated: 18.06.2018

The Officer – in – charge,

All Branch Accounts Office (Fys),

Sub:- Rate of levying of ‘Superannuation Charges’ for inclusion in the ‘Production Accounts’ of ‘Ordnance and Ordnance Equipment Factories’.

Consequent upon implementation of the ‘7th CPC’, it has been decided to levy the following new rates of ‘Superannuation Charges’ on Cost of Production which is to be included in the ‘Production Account‘:-

A. For ‘Officers’ & ‘Staffs’ of ‘Ordnance & Ordnance Equipment Factories‘ and ‘C of A (Fys) Organizations’ who do not fall under the ambit of “New Pension Scheme” introduced w.e.f. 01.01.2004.

B. For ’Officers’ & ‘Staffs’ of ‘Ordnance & Ordnance Equipment Factories’ and ’C of A (Fys) Organizations’ falling under the ambit of ”New Defined Contribution Pension” Scheme introduced w.e.f. 01.01.2004.

This issue has the approval of Member/Finance vide Finance Division/OFB ID. No. Misc./85/ Superannuation/ FM-V dated 11-06-2018.

sd/-

(PRAVEEN RANJAN)

Deputy Controller of Accounts (Fys)

Authority: pcafys.nic.in