The existing differential in the salary of PSEB employees with their counterparts in the Government will be maintained. Government and power utilities have guaranteed no retrenchment of any employee for any reason will be done and employees found shall be deployed as per works requirements.
Power Corporation shall be responsible to ensure that all terminal benefits, gratuity fund, pension leave encashment will be paid to employees. Government shall ensure the initial corpus of Rs. 250 crore will be deposited by Power Corporation and this fund shall be progressively funded.
Any modification in transfer scheme, qualification and experience of CMD's and Directors will be made after consultation with signatories of the agreement .However the decision of Government shall be final in this regard.
Source- Punjab newsline