The Kerala authorities has extended to cut wage of authorities employees and lecturers for 6 more months. The state authorities had determined to deduct the wage of 6 days each month within the wage of employees for a complete of 5 months from April to August, which has now been extended for one other 6 months. The pay cut for 6 more months was authorised within the Kerala cupboard assembly final week.
However, giving aid to the employees, the state authorities had introduced that the cash of wage cut can be given to the employees in PF by subsequent 12 months.
The initiative can be often called COVID-19 Income Support Scheme and it’ll entice 9% annual curiosity until it’s merged in PF on April 1, 2021.
The quantity merged within the PF may be withdrawn by the employees from June 1, 2021 and can be given 9% annual curiosity until it’s deposited within the PF on April 1, 2021.
This, based on the federal government, is to keep away from the Rs 2,500 crore extra burden to the exchequer if the deducted quantity is returned now.
The pensioners without PF will, nonetheless, get the deducted cash returned after June 2021 in equal month-to-month instalments.
Surrendered leave will even be merged with the PF of the employees they usually can withdraw the cash solely from June 1, 2021 onwards.
Importantly, the ‘leave without pay’ that was out there for 20 years has now been decreased to 5 years.
This order shouldn’t be relevant for those that had already contributed their one monthsalary to the Chief Minister’s Disaster Relief Fund (CMDRF).
This can be relevant to employees of all State- owned Enterprises, Public Sector Undertakings, Quasi- Government organisations, Universities, and many others within the State,” the order said.