Monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulation
Details of the Wage Structure of employees RINL/VSP
|
Grade |
Scale
of Pay
(revised
w.e.f. 1.1.1997) |
|
Non-executives |
|
|
S-1
|
4000-80-5600 |
|
S-2 |
4080-86-4682-91-5865 |
|
S-3
|
4170-93-4821-98-6095 |
|
S-4 |
4300-104-5028-110-6458 |
|
S-5 |
4500-118-5326-126-6964 |
|
S-6
|
4800-133-5731-140-7551 |
|
S-7 |
5100-148-6136-156-8164 |
|
S-8
|
5400-163-6541-170-8751 |
|
S-9
|
5800-179-7053-186-9471 |
|
S-10
|
6400-200-11400 |
|
Executives
(including non-unionised Supervisory Cadre) |
|
|
J-0
|
6550-200-11350 |
|
E-0
|
8600-250-14600 |
|
E-1
|
10750-300-16750 |
|
E-2
|
13700-350-18250 |
|
E-3 |
16000-400-20800 |
|
E-4
|
17500-400-22300 |
|
E-5
|
18500-450-23900 |
|
E-6
|
19000-450-24400 |
|
E-7
|
19500-450-25350
|
|
E-8 |
20500-500-26500 |
|
E-9
|
23750-600-28550 |
ALLOWANCES, PERKS & BENEFITS
Besides
basic pay in the respective grade as above, employees are entitled to Dearness
Allowance as per IDA pattern as notified by Ministry of Labour, Annual
Increment, Company quarters or House Rent Allowance at prescribed rates in
lieu thereof, Company flat/leased accommodation at outstation
marketing/liaison offices, City Compensatory Allowance, Local Travelling
Expenses within prescribed ceiling limits/Transport Subsidy, Production
Incentive, Canteen Subsidy, Travelling Allowance/Dearness Allowance on
official tours, different kinds of Leave (CL, EL, HPL, CML, Sp.CL, etc.),
encashment of Leave (EL & HPL – on superannuation/VRS or resignation
after 20 years of continuous service), comprehensive medical benefits for
employees & their dependants at Company’s hospital (VSGH)/Company
empanelled hospitals, School Fee Reimbursement for dependent children, LTC/LLTC,
Performance Linked Benefit Scheme (PLBS), Advances like Motor Vehicle/Cycle
Advance, House Building Advance, Medical Advance, Festival Advance, Incentive
for acquiring prescribed Professional Qualifications, Night Shift Allowance to
employees working in `C’ shift, Split Duty Allowance to employees of Medical
Department performing duties in split shifts, Mining Allowance in respect of
employees working in mines, Bonus (as per Act), Annual Performance Reward,
Superannuation Benefit Scheme, Employees’ Family Benefit Scheme for
providing coverage in case of total permanent disablement/death, Contributory
Provident Fund, Gratuity (as per Act), other retrial benefits like TA/DA for
final settlement, Mediclaim, etc.