3rd pay revision committee

3rd Pay Revision Committee for BSNL and The Specifications 3rd Pay Revision Committee (3rd PRC) was made by DPE in June 2016 for pay revision of CPSE Employees. The decision taken by the Government on the recommendation of the Committee will effect from 1.1.2017. The pay Revision Committee takes into account the report of the Central Pay Commiission which recommends Pay for CG Employees. For the recommendation of the Government the committee was given a period of six months from the date of its constitution. As per Sources, committee is finalizing its report and may submit the same to government in the month of December. The department of public enterprises (DPE) functions as the nodal department on the policy related to wage settlement of unionized employees, non-unionized supervisors, executives and board members of Public Sector Undertakings. 3rd prc report reviews the structure of pay scales, allowances, perquisites and other benefits for the following catagories in the 3rd pay revision committee for executives of CPSE taking into the account the salary, emoluments, incentives and other benefits.

Pay revision By observing the previous record the expected pay revision for psu, we are assuming that the cpse pay revision 2017, employees of Public Sector Undertakings get 20% fitment benefit on their basic pay and D.A. So someone who is working on E1 payscale (1640040500) with current basic pay of 16400, after 3rd pay revision committee news employees new basic pay would be like this New pay = 16400 + 16400X120.3% + (16400 +16400X120.3%)X20% = 16400 + 19729.2 + 7225.84 = 43355 3rd Pay Revision Commission Those who are planning or preparing to join Government companies through GATE 2017, After the implementation of the 3rd pay revision committee report news employees get the idea about their salary. Through the 3rd prc for psu latest news can be given to them and they came to know about the pay revision for psu.