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Retirement Age : An ILC Global Alliance Circular

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Retirement Age : An ILC Global Alliance Circular – March 2011

India

The vast majority of individuals in India currently have no pension provision. The main exceptions are government employees, although the government is introducing a new voluntary scheme for all Indian citizens.

The eligibility age for pensions for central government employees is 60, recently increased from 58, although it remains 58 for various state governments. There are no gender differences. There are, however, different rules for the superannuation pension, family pension, invalidity pension, and disability pension - the various different pensions available to state employees. Public sector pension schemes generally have retirement ages of 60 years. However, employees can obtain voluntary retirement after 15 years of service (recently reduced from 20 years).

After a decade of discussion and controversy, the Indian government launched in 2009 the National Pension Scheme, which all Indian citizens aged 18 to 55 can join voluntarily. It is a system where individuals fund, during their working life, their financial security for old age. Those who join will receive a Permanent Retirement Account (PRA), which can be accessed online and through so-called points of presence (PoPs). Account holders may benefit from equities investment return - the first scheme of its kind supported by the Indian government.

Crucially, subscribers can retain their PRAs when they change jobs or residence, and even change fund managers and the allocation of investments among different asset classes (although exposure to equity has been capped at 50%). The minimum contribution to a PRA is Rs 500, to be paid at least four times a year. The maximum that can be contributed per year is Rs 6000.

There are complex rules around retirement age and the National Pension Scheme. If a subscriber exits before the age of 60, he or she may keep one-fifth of accumulated savings, and use the remaining funds to purchase an annuity. Subscribers who exit between the ages of 60 and 70 must use at least 40% of the fund to buy an annuity, but take the remaining fund as a lump sum, which can be payable in instalments. Survivors of subscribers receive the entire fund as a lump sum.

ILC-India


Source: www.ilc-alliance.org
http://haec-clients-public.s3.amazonaws.com/ilcga/pdf/2011/03/23/Circular_state_pension_age_2_.pdf

LTC80 Fare List : Air India Domestic Fare List updated July 2011

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LTC80 Fare List: Updated July 2011 List published by Air India

Air india Domestic Fares(Apex & Immediate Purchase Fares)


1 Flight Routing

a) D - Direct Flight to Destination without any stop.

b) V - Via Flight to Destination without any change of aircraft but with a stop.

c) C - Flight to destination with a change of aircraft at a transit point. Stop-over permitted at the transit point (Refer Table V on Link Fares)

d) B* & Y* Passengers Purchasing tickets under B &Y fare basis permitted to travel in Executive class under ZSPL &DSPL fare basis. Bookings to be effected in Z & D RBD respectively. Offer valid for travel till 15th September, 2011

2 a) EAP30 & SAP 7 Fare Levels are Advance Purchase Fares which are available for sale
upto 30 days, & 7 days in advance before schedule date of deaparture of the flight. EAIP14, SAIP5 & TAIP3 Fares are Advance Purchase fares which may be available till D-0

b) Fares under RBD U on select flights available under different fare basis depending on the schedule time of departure.

c) Reference Short Term Promotional fares under Table III : For Economy Class Travel
UEIP/LEIP1/UEIP1/ED!/ TD1/SD1 fares are instant purchase fares while ED7 & ED14 /SAIP5/TAIP3 are Advance Purchase fares


3 Taxes, Fee & Charges
In addition to the above fares Passenger Service fee, Airport Development Fee (wherever applicable) and Service Tax would be applicable.

a) Passenger Service fee is Rs. 229 except (a) Ex Jammu,Srinagar Leh where it is 207 & (b) ex Bangalore, Hyderabad & Kochi it is 221/-

b) Airport tax (UDF) ex Hyderabad Rs. 475, Bangalore Rs. 260, Jaipur Rs. 150,
Amritsar Rs. 150, Trichy Rs. 150, Vishakapatnam Rs. 150, Udaipur Rs. 150, Ahmedabad Rs. 121, Mangalore Rs. 150, Varanasi Rs. 150.

c) Service Tax would be additional.

4 Fare Rules:

All fares are refundable.

Fee for Refund/revalidation/re-issuance is levied as detailed under:

(i) First/Executive & Economy class( Y ) and LTC fares

(ia)On Refund - a processing fee of Rs.200 per coupon is levied.

(ib) No re-issuance and revalidation fee is applicable.

(ii) Tickets issued on fares ( under fare basis B to EAP30 ) & Link fares

(iia) On refund ,a processing fee -Rs.750 per coupon is levied.

(iib) For revalidation /re-issuance , fee of Rs.500 per coupon is levied.

5. Updated Fares as on 1st July, 2011

6. These fares are subject to Change without prior notice



Source: www.airindia.in

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Effective Implementation of RTI Act, 2005-Setting up of RTI cells

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No.1/12/2010-IR
Government of India
Ministry of Personnel, PG & Pensions
Department of Personnel & Training

North Block, New Delhi
Dated 19th May 2011


OFFICE MEMORANDUM

Sub: Effective Implementation of RTI Act, 2005-Setting up of RTI cells.

The undersigned is directed to refer to this Department’s OM No. 1/32/2007-IR dated 14th November, 2007 whereby all the public authorities with more than one Public Information Officer(PIO) were advised to create a Central Point within the organisation to receive RTI applications and appeals and ensure quick distribution thereof. Experience for the past five years has shown that there is a need to expand the scope of the Central Point so as to deal with RTI related issues effectively.

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