Chennai:Â Chief minister Jayalalithaa on Wednesday announced a salary hike of seven per cent for all employees of state electricity board.
The revised salary will come into effect from December 1, 2011, and will range between a minimum of Rs 700 to a maximum of Rs 13,160 depending on the grade of the employees, a state government release said.
The pay hike will benefit 70,280 workers and 10,160 officers of the Tamil Nadu Generation and Distribution Corporation Limited (Tangedco) and cost the electricity board an additional Rs 252 crores every year. The state government will also be spending an additional Rs 525 crore towards payment of arrears, the release added.
Those workers and employees who have completed 10 years of service with the Tangedco will be provided a service period benefit of an additional three percent hike in their salary.Â
The outstanding arrear payments between December 1, 2011, and December 31, 2013, will be paid in two installments in cash, the release said.
The chief minister said in the release that the final decision to revise the salary package was taken after she chaired a meeting with top officials of the Electricity Board and other state government officials.
The agreement on raising the salaries of Tangedco staff was reached on November 30, 2011, following deliberations between employees and workers of Tangedco.
A committee was formed to formulate a new pay scale and several rounds of discussions were held with 15 workers unions of Tangedco.
Based on the recommendations of the committee, the chief minister announced the salary hike.