Salary parity for tribunal members ensures pay aligned with senior judicial or civil service posts, subject to pension deduction. Salaries for the Securities Appellate Tribunal are set by equivalence: the Presiding Officer receives pay on par with a serving Judge of the Supreme Court ... Summary
Salary parity for tribunal members ensures pay aligned with senior judicial or civil service posts, subject to pension deduction.
Salaries for the Securities Appellate Tribunal are set by equivalence: the Presiding Officer receives pay on par with a serving Judge of the Supreme Court or a Chief Justice/Judge of a High Court; a Member receives pay on par with a Secretary to the Government of India. Where the Presiding Officer or a Member receives retirement benefits (pension, gratuity, employer contribution to a Contributory Provident Fund or other retirement benefit), the gross amount of such benefits is to be deducted from their salary.
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