Toll Free - Helpline No.: 1800 22 1250

OUR MOTTO : "Safe & Accident Free Bus Service"

Highlight:
  • रा.प महामंडळामध्ये शयन आसनी बससेवा दाखल
  • For Technical Assistance ,Please Call 022-23053992
  • जाहिरात क्र.०२ नुसार म.रा.मा.प महामंडळातील ०९ विभागांकरीता चालक तथा वाहक पदासाठी उमेदवारांकडून ऑनलाईन अर्ज मागविण्याची प्रक्रिया दि.०८/०२/२०१९ पासून msrtcexam.in या अधिकृत संकेतस्थळावर उपलब्ध होणार आहे.
  • जाहिरात क्र.०१ नुसार दुष्काळग्र्स्त जिल्ह्यातील १२ विभागाकरिता चालक तथा वाहक पदाची सरळसेवा भरती सन २०१९ करीता जाहिरात व अर्ज करण्यासाठी www.msrtcexam.in या संकेतस्थळावर भेट द्यावी.
  • एसटी’ची आता मालवाहतूक आणि गोदामेही
  • For any assistance/queries in respect of online reservation system contact our Call-Centre No. 1800221250

MSRTC P.F. / EDLI / Gratuity Trusts

BACKGROUND/PRESENT POSITION.

CONTRIBUTORY PROVIDENT FUND –

The Employees' Provident Fund & Miscellaneous Provisions Act – 1952 was made applicable to the Corporation in the year 1959 when the Transport industry was covered under the Act by issue of a notification. In view of a specific provision in Sec. 17 of the Act, the Corporation obtained Exemption from the State Government being the appropriate Govt. under the Act. It also formed a separate trust to deal with P.F. matters of it's employees. As per Provident Fund Regulations 1956, there shall always be at least 4 and not more than 8 trustees on the Trust. The structure of Contributory Provident Fund trust is as below.

 

Vice-Chairman & Managing Director Ex-officio chairman
Financial Adviser & Chief Accounts Officer Ex-officio Trustee-secretary
General Manager ( P & I R ) Ex-officio Trustee
Secretary MSRTC Ex-officio Trustee
and 4 Trustees nominated by recognized labour Union. In view of insertion of Sec. 16 in the Act., w.e.f. the year 1988, the Corporation has taken a stand that, it has been excluded from the operation of the act. The Corporation however, has opted for voluntary coverage for the Pension Scheme introduced under the Act. w.e.f. 16/11/1995 as the Corporation dose not have its own Pension Scheme. Investment corpus and other information is as below. ( Rs. In Crs.)
Particulars PF Trust
Equities & Related Investments as on 31/03/2017 93.02
Bonds & Related Investment as on 31/03/2017 4386.36
Interest Receipt (F.Y. 2016-17) 363.45
Rate of Return (F.Y. 2016-17) 8.29%
No. of Subscribers (as on 31/03/2017) 103667
 

ADDITIONAL GRATUITY-CUM-EDLI SCHEME.  

The Corporation has also formed a separate scheme to deal with Employees' Linked Insurance Scheme which is compulsory under the Act. the Corporation has obtained exemption from the EDLI Scheme under the Act and framed separate scheme as Additional Gratuity-cum- Employees' Deposit Linked Insurance Fund Scheme. As per this scheme, in case of death overall 51 months salary (Basic Pay + D.A.) or EDLI Scheme under the Act. whichever is more, is paid to the nominee of the employee. The administration of the Additional Gratuity-Cum-Employees' Deposit Linked Insurance Scheme is vested with the Trustees of the MSRTC Contributory Provident Fund. Investment Corpus and other information is as below.( Rs. in Crs)
Particulars EDLI Trust
Equities & Related Investments as on 31/03/2017 5.15
Bonds & Related Investment as on 31/03/2017 190.55
Interest Receipt (F.Y. 2016-17)

15.53

Rate of Return (F.Y. 2016-17) 8.15%

GRATUITY.

The Corporation has framed it's own regulations , with the sanction of State Government , for Gratuity of the employees and has formed a separate Trust for the same.  At present the Corporation is covered under the Payment of Gratuity Act 1972, as per the act ,15 days salary ( Basic + D.A.) is paid for each completed year of service as gratuity, subject to maximum of Rs. 10 lac.  As per gratuity regulations there should always be at least 4 and not more that 8 trustees on the trust.  As per Corporation Board resolution gratuity Trust is as below.
Vice-Chairman & Managing Director Ex-officio chairman
Financial Adviser & Chief Accounts Officer Ex-officio Trustee-secretary
Labor commissioner Ex-officio Trustee
Secretary MSRTC Ex-officio Trustee & representative of class I & II officers.
and 2 Trustees are  nominated from Corporation Board and 2 representative are nominated by recognized labor Union. Investment corpus and other information is as below . ( Rs. In Crs.)
Particulars Gratuity Trust
Equities & Related Investments as on 31/03/2017 24.13
Bonds & Related Investment as on 31/03/2017 961.95
Interest Receipt (F.Y. 2016-17) 82.85
Rate of Return (F.Y. 2016-17) 8.61%
<< back to main page go to Audit page >>
go to Profit & Loss Account, Balence Sheet 2012-13 >>
go to Profit & Loss Account, Balence Sheet 2013-14 >>