The Key Measures Of The 2013 PRB

11 years, 6 months ago - October 10, 2012
The Key Measures Of The 2013 PRB
Vehicles Duty, Allowance up, Debt Facilities, Compensation for accidents, Rs 1000 increase provided, "Meal allowance", Lump sum

? Vehicles Duty 

Officials aged 50 years or having 22 years of service, will receive a tax rebate up to 70% on the purchase of a car.

For once only. The offi cers concerned must however have a monthly salary of at least Rs 35,400. Officials entitled to a company car can, them keep the vehicle during their pre-retirement leave, or continue to benefi t of an allowance.

? Allowance up

The Bodyguard Driving and Allowances police were revised upwards, as the benefits of prison officers. The Nursing Officers certificated midwife will have, in turn, a "risk allowance".

? Debt Facilities

The interest rate on loans to employees for the purchase of cars, motorcycles, mopeds and bicycles has been lowered. It goes from 7.5% to 4%.

? Compensation for accidents

Regarding accidents causing permanent disability, the compensation goes to Rs 1.3 million instead of Rs 1 million. In cases where the accident results in death, the family of the victim will be compensated to the tune of Rs 2 million instead of Rs 1.5 million. The amount for the Funeral Grant, introduced in 2008, increased from Rs 3000 to Rs 6000.

? Rs 1000 increase provided

Employees who, after contributing to the pension plan, earn less than Rs 1000 increase, receive a stipend to bring this rate revision.However, with annual increases, this benefit will not be refunded.

? "Meal allowance"

The allowance for meals goes to Rs 110. It was set at Rs 90 since 2008. In addition, the allowance was granted to those who stayed more than 3 hours and a half after office hours, and so "unexpected". This report this reduced within 30 minutes.

? Lump sum

After 33 1/3 years of service, an employee may receive a payment of 2% of annual pensionable emoluments for each year during which he worked. This amount will be added to the Lump Sum at retirement. However, it should have opted for the pension plan proposed by the 2008 report.

 

Text by lexpress.mu

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