Staff Welfare Fund (SWF)

Executive Commitee Member of staff Welfare Fund

Sl No.Name & DesignationTitle
1.Mr. Karma Tshewang, Joint Managing DirectorChairman
2.Mr. Thinley Tshering,
SE (Workshop)
Secretary
3.Ms. Namgay Pem, Finance Officer, Finance WingTreasurer
4.Mr. Kinzang Jigme, Personnel OfficerMember
5.Mr. Jigme Wangchuk, IT Officer,
ICT Unit
Member
6.Mr. Passang Wangdi, Jr. Security Officer,
Security Wing
Member
7.Mr. Damodhar Suberi, Assistant Engineer, Internet AuditMember
8.Mr. Passang Bidha, Sr. Computer Operator, Power House WingMember
9.Mr. Sonam, Work supervisor, DamMemeber

Fund Status as of 28.01.2021

Sl. No.ParticularTotal Cumulative in
(Nu.)
1Receipt
a.SWF Remittances 28,235,886.00
b.Interest earned (including interest from Fixed Deposit) 1,891,710.02
Total Receipts 30,127,596.02
2.Payments
a.Welfare Released 21,660,000.00
b.Refund to SWF members 1,867,564.50
c.Bank Charges 2,545.00
d.Contribution to Wangdue Dratshang towards purchase of Masks 284,868.00
e.Contribution toward installation of Mani Dungkhor at Bajo Town 100,000.00
e.Donation towards Tendril initiative 250,000.00
f.Contribution for offering tshog at the kuenray, wangdue Dzong 82,720.00
1) Guru Drakmar Drubchen
350,000.00
g.Contribution towards Moenlam Chenmo, Punakha 100,000.00

h.Honorarium 32,000.00

i.SWF picnic expenditure 972,477.00
j.Misc. expenses 39,720.00
Total Payment 25,741,894.50
3. Balance Fund 4,385,701.52
a.BOB, Wangduephodrang A/C No. 101986394 4,385,701.52
b.Closing Bank Balance as per the Bank Statement 4,385,701.52

Following decisions are taken as per the Committee Meeting

1. PHPA-I/SWCM/01/2018 dated 24.05.2018

a. SWF will be used solely for SEMSO and will not be used for the donations and any other activities.
b. Based on the discussion held on the need, an increase of SWF amount by at lease Nu. 10,000/- from the current admissible amount, it was decided to put in the next meeting after detail analysis by the Secretary and Treasurer of the future Fun flow.
c. It was decided that no loan will be paid from the welfare fund.
d.  The inclusion of the consolidated staff in the welfare was ruled out in view of the amount of pay they receive.
e. It was decided to have simple accounting software for convenience and reliable record keeping, which will be outsourced at minimum cost. It is to be explored and discussed in the next meeting.

2.  PHPA-I/SWCM/02/2018 dated 31.07.2018
a. Decided to increase SEMSO with Nu. 10,000.00 to the existing semso.
b. It was decided that treasurer shall make disbursement of semso with an endorsement of the Secretary.
c. Fund position will be uploaded quarterly in PHPA-I website.
d. Ex-PHPA-I employees who are members of SWF and fail to make the monthly contribution for 3 continuous months shall no longer be a member of SWF.
e. PHPA-I employees who have availed SEMSO shall not be permitted to withdraw membership of SWF till the time they are in the service of PHPA-I