TSRTC announces PRC with 21 percent fitment, to implement from April 1,2024
For now, the TSRTC would implement the PRC with 21 percent fitment from April by amalgamating the 31.1 percent of DA of January 1, 2017, from April 1, 2017.
HYDERABAD: The Telangana Road Transport Corporation (TSRTC) on Saturday decided to implement the 2017 Payment Revision Commission (PRC) with a 21 percent fitment from April 1, 2024.
The Government took the decision based on the request of the TSRTC staff urging the Government to adjust their pay as per PRC of 2017 and PRC of 2021. It had been a practice in TSRTC to adjust the monthly emoluments every four years.
For now, the TSRTC would implement the PRC with 21 percent fitment from April by amalgamating the 31.1 percent of dearness allowance (DA) of January 1, 2017, from April 1, 2017. Such adjusted salary would be paid from June 1, 2024.
Arrears of pay scale 2017 if any would be paid at the time of retirement without any interest deductions.
The corporation estimated that implementation of the 2017 pay scale with 21 percent fitment would cost Rs 418.11 crore of additional burden.
However the new pay scale would benefit 42,057 employees on the pay scale 2017, 11,014 employees who were retired on April 1, 2027. The total number of employees that would benefit from the PRC implementation would be 53,071.