Gazette Tracker
Gazette Tracker

Core Purpose

Notification of the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Amendment Rules, 2024, revising the salary of the Chairperson and whole-time members with retrospective effect from 1 January 2024.

Detailed Summary

The Ministry of Finance, Department of Financial Services notification G.S.R. 372(E), dated 8th July 2024, issued under clause (a) of sub-section (2) of section 51 read with sub-section (3) of section 5 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), makes the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Amendment Rules, 2024, amending rule 5 of the 2014 principal rules by substituting, in sub-rule (1), "four lakh and fifty thousand rupees" with "five lakh sixty-two thousand and five hundred rupees", and in sub-rule (2), "four lakh rupees" with "five lakh rupees", with the revised salary applicable to the Chairperson and Whole-time member with effect from 1st January 2024; the principal rules (G.S.R. 597(E) dated 20th August 2014) had previously been amended by notifications G.S.R. 987(E) dated 2nd August 2017, G.S.R. 07(E) dated 2nd January 2018, G.S.R. 731(E) dated 11th October 2021 and G.S.R. 209(E) dated 22nd March 2023; the notification bears F.No. 11/5/2014-PR and is signed by Pankaj Sharma, Joint Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-08072024-255268 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 349] NEW DELHI, MONDAY, JULY 8, 2024/ASHADHA 17, 1946 4081 GI/2024 (1) MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 8th July, 2024 G.S.R. 372(E).—In exercise of the powers conferred by clause (a) of sub-section (2) of section 51 read with sub-section (3) of section 5 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Central Government hereby makes the following rules further to amend the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Rules, 2014, namely:- 1. (1) These rules may be called the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Amendment Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Rules, 2014, in rule 5- (i) in sub-rule (1), for the words "four lakh and fifty thousand rupees", the words “five lakh sixty-two thousand and five hundred rupees" shall be substituted; (ii) in sub-rule (2), for the words "four lakh rupees", the words "five lakh rupees" shall be substituted: Provided that the Chairperson and Whole-time member shall be entitled to a salary under this rule with effect from the 1st day of January, 2024. [F.No. 11/5/2014-PR] PANKAJ SHARMA, Jt. Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 597 (E), dated the 20th August, 2014, and subsequently amended vide notification numbers G.S.R. 987 (E,) the dated 2nd August, 2017, G.S.R. 07 (E), the dated 2nd January, 2018, G.S.R. 731 (E), the dated 11th October, 2021 and G.S.R. 209 (E), the dated 22nd March, 2023. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. SARVESH KUMAR Digitally signed by SARVESH KUMAR SRIVASTAVA Date: 2024.07.08 19:32:50+0530

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free