National Federation of Telecom Employees

No where in the BSNL VRS 2019 it is mentioned that the Scheme will be a First come First served one. Ignore Rumors' spread by vested interests. Let your decision be a well thought out and informed one.

(DPE O.M. No. 2(32)/97-DPE(WC)/GL-XXII dated 5th May, 2000) (i) The compensation will consist of salary of 35 days for every completed year of service and 25 days for the balance of service left until Superannuation. The compensation will be subject to a minimum of Rs. 25,000/- or 250 days salary whichever is higher. However, this compensation shall not exceed the sum of the salary that the employee would draw at the prevailing level for the balance of the period left before superannuation. (ii) Salary for purpose of VRS will consist of basic pay and DA only. (iii) Arrears of wages due to revision etc. will not be included in computing the eligible amount. 6. The compensation under VRS/VSS will be in addition to terminal benefits.

(DPE O.M. No. 2(32)/97-DPE(WC)GL-XXXV dated 8th December, 2000) 1. Whether allowances like Personal Pay, HRA, NPA, Family Planning increment are to be included for computation of ex-gratia? Basic pay plus DA only is to be taken into account for computation of ex-gratia under VRS. 2. Whether the post of the employee who has taken VRS is to be abolished? There shall be no recruitment against vacancies arising out of VRS. 3. Whether any arrears of ex-gratia are to be paid in the event of pay revision being sanctioned subsequent to voluntary separation? Ex-gratia will be re-calculated on the basis of revised pay scale and the difference be paid. 4. Can notice pay in lieu of notice and TA for settling in the Home Town or elsewhere be paid to the employees who are to opt or have opted for VRS? One month/three months notice pay (as per service conditions applicable to the employees) may be paid. TA for the employees and family would also be admissible to the place where he intends to settle down after taking VRS. For this purpose, the entitlement will include transportation cost of personal effects and travelling cost of self and family members, as admissible under the entitled classes. 5. Under the Gujarat pattern, will the compensation for the balance service be calculated @ 25 days for every year of service left? Compensation under VRS modelled on the Gujarat pattern will consist of salary of 35 days for every year of service completed and 25 days for every year of service left until superannuation. 8. Whether PF, leave encashment, gratuity, notice pay, LTC are payable to employees in case of voluntary retirement? These are to be paid to the employees opting for VRS as per the provisions of the relevant statutes and the service conditions. These are outside the computation of ex-gratia on voluntary retirement.

(DPE O.M. No.2(32)/97-DPE(WC)/GL-LVI dated 6th November, 2001) c) Under the Gujarat pattern, the salary for VRS/VSS shall be calculated on the basis of 30 days in a month and not 26 days. Consequently, the method of calculation of ex-gratia for VRS and VSS shall be similar. VRS FAQ VRS DPE OM dated 08.12.2000

Shri Ravi Shankar Prasad, Honble Minister for Communications will meet the unions and associations on 04.11.2019 at 15.00Hrs.

Com. Gurudas Dasgupta, the former General Secretary of AITUC and outstanding Parliamentarian, has passed away at the age of 82. Com. Gurudas Dasgupta has immensely contributed to the cause of the Indian working class movement. As a member of the Parliament for long years, he has effectively voiced the issues of the working class in the Parliament. He has also greatly contributed to the united struggles, organised by the Central Trade Unions. NFTE Maharashtra conveys its heartfelt condolences to his bereaved family and friends.

CMD and all BSNL Board of Directors met All the Unions and Associations in BSNL to explain the BSNL Revival package approved by the Union Cabinet on 23.10.2019. A presentation was given.

1. 4G spectrum will be allocated administratively through equity infusion on 2016 price (Rs 14,155 Cr).

3. Sovereign guarantee bond for Rs 7,500 Cr (Rs 15,000 Cr for BSNL & MTNL). Existing liability is 15,000 to 16,000 Cr.

4. Ex-Gratia payment of approx. Rs 14,800 Cr for about 80,000 employees will be borne by the Govt.

5. Monetization of selected land/building for Rs 20,000 Cr (Rs 38,000 Cr for BSNL & MTNL) in 4 years for i) debt and associated interest payment and ii) funding for CAPEX/OPEX. Existing loan is Rs 20,722 Cr.

6. Details of VRS package which is very attractive comparing to the VRS packages implemented in other sectors so far:

6.iii).e) Pension for the remaining period upto 60 years of age based on the full pension (w/o commutation) of the retiring month.

6.iii).g) 125% of the salary for the remaining service calculated based on the salary of the retiring month.

6.iii).j) Ex-Gratia will be paid in 2 instalments, 1^st instalment in 2019-20 and 2^nd instalment in the 1^st quarter of 2020-21.

6.iv. Gratuity will be paid on attaining 60 years of age OR after 5 years of retirement (for those below 55 years of age) whichever is earlier with GPF interest rate. In case of death, gratuity will be paid immediately.

6.v. Commutation of Pension will be allowed on attaining 60 years of age OR after 5 years of retirement whichever is earlier. Till that time full pension will be paid.

6.vi. For the deferred payment of Gratuity and Commutation of Pension, relaxation in the CCS Pension Rules, 1972 is approved by the Cabinet which will be separately notified.

7. BSNL and MTNL merger in 18 to 24 months after addressing all the contentious issues like debt, delisting of MTNL, pay & pay scales, promotion etc. Initially MTNL will become a subsidiary of BSNL.

8. Reduction of retirement age from 60 to 58: It was part of the proposal but final decision is not known. CMD hinted that if VRS is successful then there is no need for reduction of retirement age, otherwise Govt will implement 58.

9. CMD expressed the hope that the entire VRS process can be completed by 31.12.2019.

Finally CMD and Directors requested all the Unions and Associations their full cooperation and support in the implementation of the Revival package.

Union Cabinet approves revival plan of BSNL and MTNL and in-principle merger of the two

Spectrum of 4G to be allocated to the Telecom PSEs Funding through capital infusion of over Rs 20,000 Crore Sovereign guarantee for long term bonds of Rs 15,000 Crore Union Government to bear cost of attractive VRS

The Union Cabinet today approved the proposal for revival of BSNL and MTNL by administrative allotment of spectrum for 4G services, debt restructuring by raising of bonds with sovereign guarantee, reducing employee costs, monetisation of assets and in-principle approval of merger of BSNL & MTNL.

The following was approved by the cabinet:-

Administrative allotment of spectrum for 4G services to BSNL and MTNL so as to enable these PSUs to provide broadband and other data services. The said Spectrum will be funded by the Government of India by capital infusion in these PSUs at a value of Rs 20,140 Cr in addition; the GST amount of Rs 3,674 Cr to this spectrum value will also be borne by the Government of India through Budgetary resources. By using this spectrum allotment, BSNL and MTNL will be able to deliver 4G services, compete in the market and provide high speed data using their vast network including in rural areas.

BSNL and MTNL will also raise long-term bonds of Rs 15,000 Cr for which sovereign guarantee will be provided by the Government of India (GoI). With the said resources, BSNL and MTNL will restructure their existing debt and also partly meet CAPEX, OPEX and other requirements.

BSNL and MTNL will also offer Voluntary Retirement to their employees, aged 50 years and above through attractive Voluntary Retirement Scheme (VRS), the cost of which will be borne by the Government of India through budgetary support. The ex-gratia component of VRS will require Rs. 17,169 Cr in addition, GoI will be meeting the cost towards Pension, Gratuity and Commutation. Details of the scheme will be finalised by BSNL/MTNL.

BSNL and MTNL will monetise their assets so as to raise resources for retiring debt, servicing of bonds, network upgradation, expansion and meeting the operational fund requirements.

In-principle merger of BSNL and MTNL

It is expected that with the implementation of said revival plan, BSNL and MTNL will be able to provide reliable and quality services through its robust telecommunication network throughout the country including rural and remote areas.

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VRRRK/SC/SH

(Release ID :193957)

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