Department of Public
Enterprises (DPE) issued OM No. W-02/0017/2014-DPE(WC) dated 01.02.2017
clarifying the term “technical formality clause” as mentioned in point
xvi) of OM No. W-02/0017/2014-DPE (WC) dated 21.05.2014. This has no
effect on the provisions of the OM dated 21.05.2014.
In term of para vii) read with para x) of Department of Public
Enterprises (DPE)’s OM dated 21.05.2014, any employee resigning from
service of CPSEs and joining another CPSE having broadly similar schemes
of pension and post superannuation medical benefit the entire amount of
employer’s and employee’s contribution along with interest accrued
thereon would be transferred to such CPSE. The services rendered in
CPSEs prior to resigning would also be counted for the schemes. Thus,
these provisions are available even prior to issue of the OM dated
01.02.2017 on ‘Technical formality’.
This information was given by Minister of State in the Ministry of Heavy
Industries and Public Enterprises Shri Babul Supriyo in reply to a
written question in the Rajya Sabha today.