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Brief on Payment of Gratuity (Amendment) Act, 2018

May 31, 2018 1 Comment

Brief on Payment of Gratuity (Amendment) Act, 2018

” Representatives are requesting to this Ministry that the effective date of Payment of Gratuity (Amendment) Act, 2018 will 01.01.2016 instead of 29.03.2018 at par with the Central Government employees’

1. The Payment of Gratuity (Amendment) Bill, 2018 has been passed the 14th Sabba Sabha on 15.03.2018 and 22.03.2018 respectively and assented to by the Hon’ble President on 28th March, 2018.

2. The Government vide notification No.1420(E) dated 29th March, 2018 has enhanced the gratuity ceiling under the Payment of Gratuity Act, 1972 from Rs.10 lakh to Rs.20 Lakh with effect from 29th March, 2018.


Also Read: Payment of Gratuity Bill 2017 Approved – Gratuity Ceiling Increased to Rs.20 Lakh


3. A Large number of representations have been received in this Ministry from the Unions/Organizations/Individuals physically, through Social Media (Facehook/Twitter etc.) and PG Portal whereby the representatives are requesting to this Ministry that the effective date of Payment of Gratuity (Amendment) Act, 2018 will 01.01.2016 instead of 29.03.2018 at par with the Central Government employees’

4. In this regard, it is infirmed that on earlier occasions also, the enhancement in gratuity ceiling under the Payment of Gratuity Act, 1972 has been implemented with prospceiive date only. Further, implementation of the same with effect will be administratively difficult and employers may not have sufficient liquidity to meet the arrears liabilities.

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  2. Parliament Passes Payment of Gratuity (Amendment) Bill – 2018
  3. Gazette Notification For Gratuity : Amendment Act, 2018 Brought in Force on 29th March, 2018
  4. Writes to Finance Minister(Arun Jaitley) Regarding Gratuity Ceiling – UFBU
  5. Changes in the Payment of Bonus Act will Benefit thousands of CG Employees
  6. Act, 1965 Bonus Payment in Changes
  7. Amendment to Payment of Bonus Act, 1965 – Revision of wage calculation limit from Rs.3500/- p.m. to Rs.7000/- p.m. with Effect from 01-04-2014
  8. Grauity Clarifications for CPSE Employees – OM dt.10.7.2018
  9. Cabinet Approves Introduction Of The Payment Of Gratuity (Amendment)Bill 2017 In The Parliament – PIB
  10. Payment of Gratuity Bill 2017 Approved – Gratuity Ceiling Increased to Rs.20 Lakh

Filed Under: CG Employees News Tagged With: 7th CPC, Gratuity, Gratuity Ceiling, Gratuity limit

Comments

  1. padmanabhan v says

    May 31, 2018 at 9:28 pm

    Sir
    Just to help management as usual govt. had taken the stand for the implementation date from 1-1-2016. It is highly regretable

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