History

The performance-related Pay (PRP) scheme for PSU executives was introduced by the Department of Public Enterprises (DPE) on 01.01.2007. However, the scheme was not implemented citing a shortfall in the stipulated profitability criteria in a few subsidiaries despite CIL's consistent physical and financial performance. Since early 2015 a group of retired executives of CIL took up the task of mobilising support for forthwith implementation of PRP across CIL and its subsidiaries. Responses received from all corners were quite encouraging. Appeals and representations by the group, along with researched perspective analysis and cogent accounting numbers, played a pivotal role in the decision-making process culminating in the government approval in October 2015. Simultaneously, the Group doggedly pursued & expedited implementation of NPS. The Group provided the necessary inputs to CIL Management in favour of engaging multiple agencies to handle NPS. This facilitated members in making reasoned decisions to select an agency amongst various options.

The Group's success in handling the PRP issue was not just a victory but a significant milestone that received huge acknowledgement from retired as well as from on-roll executives. This success was a huge motivation to the Group, inspiring them to create a platform that would continue to stand for the welfare of the retired executives collectively. This led to the transformation of the Group into a formal Association, registered as the Coal India Limited Retired Executives Welfare Association on 16th September 2016 under the West Bengal Societies Registration Act 1961. This transformation signifies the progress and evolution of the Group, instilling a sense of pride and optimism amongst retired executives & their spouses.