NATIONAL FERTILIZERS LIMITED

Every employee of NFL shall retire from service of NFL on attaining the age of 58 years. A notification will be issued at least 3 months in advance by the concerned Personnel Deptt. to this effect for the information of the employee concerned with a copy to Finance Deptt. Vigilance Department, Administration, Materials, library, co-operative society etc. to enable them to take timely action for settlement final dues.

With a view that the retiring employees / dependents of deceased employees get their final dues expeditiously, it has now been decided as under :-

1. To deal with the cases of resignation / death of employees a committee be constituted in all Units / Offices to assist the concerned employee and / or their dependent for expeditions release of final payment. The committee should also assist the dependents of the deceased employee in obtaining death / successions certificate, wherever required. Personnel Department should invariably send a copy of the notification to the Chairman of the Committee for taking necessary action. A copy of the circular notifying the constitution of said Committee may also be sent to Personnel Deptt. Corporate Office.

2. In case of an employee retiring on superannuation, a notification at least 3 months in advance may be issued for information of the employee concerned with a copy to Finance Deptt. for timely action for settlement / release of final dues.

3. After issue of notification with regard to superannuaton, Personnel Deptt. of the Unit / Division would also ensure the collection of No Demand Certificate from all the concerned Departments and advise the consolidated position accordingly to Finance Dpett. at least one month before the date of retirement. This would also detail the position with regard to balance of Earned leave due to the employee at the time of retirement for release of cash there against.

4. Orders to release the gratuity after having financial concurrence and administrative approval of the competent authority would be issued by Personnel Dept. of the Unit / Division at least one month before the date of retirement along with request of the retiring employee for settlement of PF account.

5. On receipt of requisite notification with regard to Superannuation, gratuity and encashment of Leave orders etc. from the Personnel Deptt., Finance Dpett. after ascertaining the position of various outstanding advances and interest thereon, would keep the final account of the retiring employees ready at least 15 days before the date of retirement.

6. On receipt of request for settlement of Provident Fund account though Personnel Deptt., Finance Deptt would also ensure its settlement, so that the same could be released on the date of retirement.

7. After compilation of position of the final account., cheque for the dues of the retiring employees would be handed over to him on the day of retirement, after retaining the outstanding amount of advances (HBA, Conveyance, House hold etc. ) & interest due thereon.

8. In the Units, where employees have been allotted Co. quarters in township, it may not be possible to obtain the No. Demand Certificate from the East Deptt. before the date of superannuation in case the employee retains the accommodation after retirement for the period as admissible under allotment rules. In such cases estimated amount equivalent to rental, electricity and water charges and any other cost of deficiency noticed in the house may be retained as security equivalent to 20% of gratuity from the dues of the employees. Refund of these recoveries will be made on receipt of vacation report and No Demand Certificate from Estate Department after adjusting the recoveries of rent, electricity and water charges etc. as intimated by Estate Deptt.

With effect from 24.5.94, all employees irrespective of their salary / status are covered under the payment of Gratuity Act, 1972. As a result thereof, Death-cum-Retirement Gratuity Scheme no more remains in operation. However, for the purpose of calculation of gratuity, employees or their legal heirs / nominees (in case of death of an employee) are at option to choose any set of benefits, in took, either under the Payment of Gratuity Act, 1972 or under the Death-Cum-Retirement Gratuity Scheme, whichever is more beneficial to them.

The benefits available under the Act and the scheme in case of death are as under :-