Tangedco staff gets salary hike from TN government

Tamil Nadu chief minister announces salary hike ranging from Rs 700-13,160

Tamil Nadu Generation and Distribution Corporation Limited (Tangedco), the power generation and distribution arm of Tamil Nadu Electricity Board, has decided to go for a salary hike for their employees and workers. This would cost Rs 252-crore to the state-run undertaking every year. Besides, the state government also announced balance arrears, which would cost another Rs 525-crore, which will however be of one-time.

In a statement issued today, Tamil Nadu chief minister J Jayalalithaa said the wage agreement between the employees, workers and Tangedco had come to an end on November 30, 2011, following which a committee was formed on December 16, 2011.

The committee has held several rounds of discussion with 15 unions, representing the workers and employees of Tangedco. Based on the committee’s recommendations, it was decided to increase the scale of pay and grade pay by seven per cent, which translates to an increase of minimum Rs 700 to maximum Rs 13,160 in salary. For those who had worked for 10 years or more, a one year salary, which translates to three per cent increase in salary, was also announced.

The salary increase will come with effect from December 1, 2011, and the balance arrears between December 2011 and December 31, 2013, (for 25 months) will be given in two installments. The first installment will be in January 2014, while the second will be in April 2014, said the statement.

All these would cost around Rs 750-crore, including Rs 252-crore increase in salary bill every year and Rs 525 crore as balance arrears.

The chief minister also announced stagnation increment and said the existing allowances and special pay would continue without any changes. The existing three per cent annual increment would also be continued.

This will benefit 70,820 workers and 10,160 officers. In total, 80,980 will be benefited through this wage hike, the release said.