Salary revision arrears; arrangements made to transfer Rs 2000 crore to PF

THIRUVANANTHAPURAM: Arrangements have been made in SPARK to merge the first two instalments of salary revision arrears into PF. About Rs 2000 crore will be deposited in the PF accounts of employees. The obstacle to receiving the first two instalments of salary revision arrears in cash for retirees has also been removed.

An order was issued yesterday explaining the arrangements and steps in this regard. The order to transfer the first two instalments of salary revision arrears to PF was issued on March 29. However, the arrangement for this was not made in SPARK. There was a huge protest over this.

What has been paid now is half of the 11th salary revision arrears implemented in 2021. The total arrears are Rs 4000 crore. It was promised that this would be paid in two instalments each in 2023 and 2024 but that was not kept. This time, the announcement was made again in the budget that the first two instalments would be paid.

The salary revision arrears bill should be submitted by the DDOs. Once it is passed by the Treasury, the change to the pre-revised rate or salary arrears at the pre-revised rate will not be possible in Spark. The order also states that the DDOs should take care to clear such arrears before that.