New Promotion Policy --- CHQ's Suggestion for excercising option

Suggestion for excercising options

(From our CHQ)

1) If NO promotion or upgradation is received after 1-10-2000, it is better for them to opt for new scheme. In such cases, they will get I promotion on 1-10-2004 and second promotion on 1-10-2011.

2) If any employee got promotion after 1-10-2000 but before 1-10-2004 he can opt for new scheme in which case the above promotion will be treated as First promotion and the second promotion will be seven years after the date of First promotion. In that case he will have to refund the financial benefits availed from that promotion upto 31-3-2008 as the I promotion in the new scheme is notional upto 31-3-2008.

3) If any employee got the promotion after 1-10-2000 but from 1-10-2004 to the date of issue of orders on new promotion i.e., 23-3-2010 , such employees can opt for the new scheme. In this case he will be given I promotion from 1-10-2004 notionally with financial benefit from 1-4-2008. Next promotion i.e., II promotion will be from 1-10-2011. The promotion already given under OTBP/BCR/Grade IV/ACP will be treated as cancelled.

4)If any employee got a vertical promotion (such as RM to TM, TM to TTA/Sr.TOA eyc) after 1-10-2000 but before 1-10-2004 it will be treated as First promotion and second promotion will be given after 7 years from the date of I postbased (vertical) promotion. In this case he need not refund the financial benefit obtained due to to vertical promotion

5) If any employee got a vertical promotion after 1-10-2004, he will be eligible for I promotion in the previous cadre (held as on 1-10-2000) from 1-10-2004 and the vertical promotion given after 1-10-2004 will be treated as second promotion and the next promotion will be after eight years from the date of II promotion.