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Showing posts with the label Gratuity

Good News for NPS Subscriber : Know about the changes in NPS

Applicability of Payment of Gratuity Act 1972 to all NPS Subscriber to all educational institutions under the Ministry of Education.  Government of India, Ministry of Education, Department of Higher Education Technical Coordination Section New Delhi issued Office Memorandum F. No. 15-2/2022-TC regarding Applicability of Payment of Gratuity Act 1972 to all educational institutions under the Ministry of Education. The Deputy director of Technical Coordination Section Shri Kriti is directed to inform that the issue of payment of gratuity to the employees covered under New Pension Scheme (NPS) in the Autonomous Bodies/ Organizations under the Ministry of Education (MoE) has been examined in consultation with the Ministry of Finance (Department of Expenditure) and the Ministry of Labour & Employment (MoL&E). 2. The Department of Expenditure (DoE), vide OM No.1(16)/EV/2017 dated 02.12.2021 (copy enclosed), has advised this Ministry to instruct Autonomous Bodies/ Organizations to adop