Pensioners, govt employees get 5pc special incentive

Staff Reporter :
The government on Tuesday issued the gazette notification for disbursing the 5 percent yearly special incentive for the employees of public services, self-governed and state-owned organisations; banks, insurance and financial institutions; Border Guard Bangladesh and police forces under the National Pay Scales and the pensioners on their gross salaries and allowances from July 1 this year.
According to a Finance Ministry notification, the special allocation came into effect on 1 July.

The beneficiaries will receive the special pay at the rate of 5pc on basic salary payable the incentive, not less than Tk1,000 for the in service government employees and a minimum of Tk500 for the pensioners, every year on the first day of July, according to the notification.

Besides, the government employees on post-retirement leave (PRL) are entitled to special benefits at a similar rate based on their basic pay last drawn prior to the ongoing PRL, the notice added.
The notification further said suspended employees will be entitled to the special benefit at a rate of 5pc on 50pc of their basic pay immediately preceding the date of suspension.

The employees will not get the benefit while on leave without pay. Moreover, the benefit will not be applicable to retired employees who have withdrawn 100pc of their gross pension.
In case of contractual appointment under the national pay scale, the incentive will be given based on their basic pay. Provided, if such contractual employee is a pensioner, they shall be entitled to this benefit in either case – on the basis of net pension or basic pay of the contractual employee.

Apart from the organisations managed by funds from the government’s revenue budget, other organisations will have to bear necessary expenses for providing the special benefits from their respective funds.

Earlier in last month, Prime Minister Sheikh Hasina instructed Finance Minister AHM Mustafa Kamal to pay 5pc of basic salary, as a special incentive, to government employees and pensioners.
This benefit will be applicable on the basis of basic pay fixed in case of contractual appointment in any grade prescribed in the National Pay Scale. If the contractual employee is a pensioner, they shall be entitled to the benefit in either case on the basis of net pension or basic pay of the contractual employee.