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Home News Power Sector News Tripartite agreement signed by Punjab Power Utilities employee unions

Tripartite agreement signed by Punjab Power Utilities employee unions

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PunjabTripartite agreement between Punjab Government, power utilities and employees union was signed on 20-11-2010 and will be notified by Government. The agreement was signed by Special Secretary Power on behalf of Government, Power utilities CMD's and employees union leaders. As per agreement all existing welfare measures prevalent in PSEB shall continue in the corporations. These include House building advance, medical reimbursement, LTC, electricity concessions and group concessions.

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


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