Saturday, January 30, 2016

DA payable to retirees from the month of Feb 2016 to July 2016 - 62 slabs increase

Average Index

Dearness Relief to Pensioners who retired on or after 1st Day of January,1986
but before 1st Day of November,1992/ 1st July 1993.


Basic Pension:

Over 600
Up to 1250
1251 to 2000
2001 to 2130
Above 2130


Dearness Relief to Pensioners who retired on or after 1st Day of November,
1992/ 1st July 1993.

Up to 2400
2401 to 3850
3851 to 4100
Above 4100

over 1148

Dearness Relief to Pensioners who retired on or after 1st April,1998.
Upto 3550
3551 to 5650
5651 to 6010
Above 6010

Over 1684

Dearness Relief to Pensioners who retired on or after 1st November ,2002.

Over 2288

Dearness Relief to Pensioners who retired on or after 1st November,2007

Over 2836

Dearness relief to Pensioners who retired on or after 1st November,2012.

Over 4440

D.A calculator is available for calculating revised D.A. and difference. For calculating D.A , enter basic ( original basic without reducing commutation amount) and click on the calculate button. Revised D.A , Present D.A. and difference will be displayed on the calculator. Select appropriate retirement date range according to the date of retirement.

Click on the following link for  D A Calculator. 

D.A. Calculator

Wednesday, January 27, 2016

Minister of State For Finance advises MOF and IBA to call tripatite meeting on retirees issues

Mr.Jayant Sinha Minister Of State for Finance  advised IBA and Finance Ministry to call for immediate tripartite meeting of IBA, UFBU and Retired Bank Employees Organisations.We reproduce below a post from bankpensioner google group.
Meeting with Minister of State For Finance

On 19 01 2016. a delegation of Forum of Retired Bank Employees (FORBE) led by veteran trade union leader Mr.K N L Rao, Founder President of Canara Bank Retired Employees Organisation (CBREO) met Mr. Jayant Sinha, Honourable Minister of State for Finance in his home office. The delegation included other prime office bearers of FORBE. The meeting took place at the initiative of FORBE. The delegation included M/s. M D Deshpande, President FORBE, Mankeshwar, S V Chowdhary, Vice Presidents Tatte, EC Member, Sharad Sathe, Vice President CBREO, A N Madhusudan, General Secretary CBREO, D K Badarinath, Office Secretary CBREO.

A memorandum was submitted to the hon’ble minister on behalf of Forum, wherein, some of the major issues relating to retired employees of public sector banks which require the intervention of Finance Ministry, Banking Division were detailed. The meeting was attended by the members of the delegation, Mr. Mohan V Tankasale, Chief Executive Officer of IBA and some of the officials of finance ministry.

The memorandum submitted to the Honourable minister contained the details of the following areas:

01. 100% DA Neutralization of those retired prior to   
02. Updation of Family Pension.
03. Revision in Ex-Gratia to those who retired before 
04. One more option of pension to those who had resigned
      from service and to CRS officers
05. Regular revision of basic pension along with wage 
06. Interpretation and implementation of Regulation 56 of 
      Bank Employees Pension Regulations 1995.
07. Implementation of Regulation 26 of Bank Employees 
      Pension Regulation 1995.
08. Incorrect fitment of pay after promotion resulting in 
      reduction of pay.
09. Denial of one additional stagnation increment to those   
     who were in service as on 01.11.2012 and retired before 
10. Representation of Retirees’ Organizations’ in bi-partite 
      talks with IBA.
11. Bringing Indian Banks’ Association under Right to 
      Information Act 2005.
12. Accountability and fixing of responsibility of Indian Banks’
     Association as it is a representative of managements of  
     various banks
13. Anomalies in Medical Insurance scheme by the service 
      providers by their unilateral action.

Mr. K N L Rao initiated the talks and highlighted several issues affecting the retired bank employees, including 100% neutralization, revision of basic pension, medical insurance and others.

Honourable Minister, Mr.Jayant Sinha gave a patient hearing to the delegation. Later he informed the delegation, the constraints being faced by the public sector banks and also the government to meet the demands of the retired bank employees. He wanted to know the cost outgo from the banks, if all the demands of the Forum are to be met by IBA / Government. The members of the delegation brought to the notice of the minister that all the issues covered in the memorandum does not include cost outgo and that there are several issues which are non monetary in nature. They also informed the minister and other officials that the pension fund in all the public sector banks is quite robust and does not need support from government to meet the expenses towards 100% neutralization and / or revision of family pension.

Other major issue discussed was medical insurance for retired employees formulated by IBA. One of the service providers M/s. United India Insurance company have withdrawn some of the services already agreed upon by them, after getting the premium amount from the retired employees. The glaring example is denial of coverage to domiciliary treatment and non coverage of existing diseases, while the same are covered in the scheme formulated by IBA. This has caused frustration amongst the retired employees who have opted for the insurance scheme.

Another issue was that the Umbrella organisations of retired bank employees have not been invited by IBA while negotiating the wage revision of bank employees. Since the UFBU did not take up the cause of retired employees during the recently concluded wage settlement, gross injustice has been done to various demands of retired employees. Hence, the minister was requested to advise the IBA and others concerned to include the organisations of retired employees for negotiations in future wage settlement.

After listening to the above, finally, the honourable minister advised the CEO of IBA and finance ministry to call for immediate tripartite meeting of IBA, UFBU and Retired Bank Employees Organisations numbering five, to discuss the issues of the memorandum and for redressal of the same.

The delegation thanked the honourable minister for giving his valuable time to the delegation and also for having given a patient hearing.

After the meeting, it was decided to send a letter to IBA formally, about the meeting and also for calling for a meeting of the concerned.

Later, the delegation met Ms.Sumitra Mahajan, Honourable speaker of Lok Sabha The delegation also met Mr. Prakash Javadekar, honourable minister for Environment and Forests at his office on 19 01 2016.

Wednesday, January 20, 2016

Terms & Conditions of Group Medi-claim policy issued by United India Insurance Co. Ltd for future renewal

Following are the terms and conditions on which mediclaim policy will be renewed for the retirees by United India Insurance Company Limited

(1) Company will continue cover for next 3 years
(2) The policy will be renewed on the following premium

Claim Ratio Discount/ Loading to the Premium

Not Exceeding 25 %                                       40 % Discount

Not Exceeding 30 %                                        35 % Discount

Not Exceeding 40 %                                        25 % Discount

Not Exceeding 50 %                                        15 % Discount

Not Exceeding 60 %                                        05 % Discount

61 % - 110 %                                                   No Discount no loading

111 % - 115 %                                                 05 % loading

116 % - 120 %                                                 07 % loading

121 %- 125 %                                                  10 % loading

126 %- 130 %                                                  13 % loading

131 % - 135 %                                                  15 % loading

136 % - 140 %                                                 18 % loading

In view of the above next year premium for renewal will be as under depending on claim ratio.

Sum Assured               Minimum                      Maximum

For Rs 3 Lakhs      Rs. 2958 plus taxes     Rs 5817 plus taxes

For Rs 4 lakhs       Rs. 3948 plus taxes     Rs.7756 plus taxes

AIBRF has written a letter to the Chairman, Insurance Regulatory & Development Authority India (IRDAI) regarding grievances of retirees against the insurance company which has issued mediclaim policy (under IBA scheme).

Source:AIBRF Website

Saturday, January 16, 2016

Letter from Department of Financial Services ( DFS ) to Chief Executives of all PSBs

In a surprising move, Department of Financial Services   (DFS) , GOI  has sent communication to Chief Executives of all public sector banks asking them to initiate process of  negotiation for next wage settlement and conclude it prior to the effective date of 1.11.2017.  Probably, it is the first time;  the government has taken initiative to commence process of negotiation so early. AIBRF has welcomed the move hoping the bank managements and unions will start the process in  all seriousness. However there is no mention regarding retirees'  issues in the letter.

Click here to view the letter by DFS

Source AIBRF website  

Saturday, December 5, 2015

Record Note dated 25.05.2015 on the issues of Bank retirees - Letter by Gen Secretary AIBOC to IBA

Recently AIBOC has given  call for one day strike on 11th Dec. 2015, for various demands which include settlement of points  covered in the record note on issues of  bank retirees signed on the day of signing joint note dated 25.05.2015.
Relevant paras of AIBOC circular are reproduced below.
The strike call given by our Confederation has set the issues rolling ! Our Notice of strike and many reminders ultimately compelled the IBA to respond. We have received a communication ref no.HR & IR/ 2015-16/ XBPS/J/1722 dt. 01.12.2015. Though the response is on the lines of the stand taken by IBA throughout the discussions on Xth Bipartite Settlement and given in the Record Note signed on 25.05.15 alongwith the Joint Note for salary settlement, yet IBA has acknowledged that these are the issues which are pending and needs resolution through mutual discussions. We have promptly replied to their communication in a logical way supported by the laid down provisions and practices vide our letter ref no. IBA/128 dated 02.12.2015.

We further have to advise that Dy. CLC (C) has invited us for conciliation talks on 8th December, 2015 at 12.00 pm at Mumbai vide Ref. no. 8(7)/2015-S.I dt. 02.12.2015.

click here to view letter by IBA, dtd 01.12.2015

Letter to IBA by Gen Secretary AIBOC is reproduced below

Ref/IBA/128                                             Dated: 02/12/2015

Shri K. Unnikrishnan,

Deputy Chief Executive,
HR & Industrial Relations,
Indian Banks Association,

Dear Sir,
                Sub : Record Note dated 25.05.2015 on the issues of Bank retirees.

We thankfully acknowledge your letter HR&IR/2015-16/XBPS/1722 dated 01.12.2015 written in response to our earlier letter dated 13th November, 2015 on the captioned subject.  We like to convey our views on each aspect mentioned by you and it would be clear that there is a lot of difference in perceptions which is got to be clarified at an early date. 

2.       In point no. 2 of your letter, you have agreed to the fact that certain demands pertaining to superannuation benefits/issues of retirees were discussed in details by both the sides.  If this is the admitted position, you would surely appreciate that we had no intention to make aimless discussions. Both the sides definitely felt the urgency of making an application of mind over the demands of the retirees and come to a reasonable conclusion.

3.       In para no. 3 of your letter, you have made it a point that wage revision talks take place on the mandate of member banks which covers only wages and service conditions of serving employees. Our view is that the words “service conditions” covers superannuation benefits which includes matters relating to pension.  In the serving employees/ officers there are many people who are pensioners under Banking Pension Regulations.  Retirement benefit can never be a frozen concept for them and past retirees as well.  No document can ever be static for all times to come.  It needs revision and relooks to suit the changing time.

4.       It is also an oft-quoted contention of IBA that pension is paid to the Government employees out of budgetary allocation and bank pension is a funded one.  You will surely appreciate that budgetary funds are accumulated from different sources of which revenue is an important inlet and we, the citizens of the country contribute in different ways to the accumulation of the fund. As for ourselves, the question of inadequacy of fund is ruled out. Clause no. 11 provides that on 31st day of March every year, Bank shall have to cause an investigation by an Actuary into the financial condition of the fund and make additional contribution to the fund as may be required to secure payment to the benefits under the Regulations. An idea has been created that updation of pension is an imported concept and it does not have any place in the Regulation. It may please be noted that there is a clear cut provision of such updation in Clause No. 35(1) of Pension Regulation.  At the time of adoption of Pension Regulations, a particular section of retirees were fouled by their junior counterparts because of signing of the next BPS. In order to protect their interest, the modus operandi of updation has been specifically spelt out in appendix 1.

5.       As regards revisions in the rates of the family pension in line with Central Government and Reserve Bank of India, the concept of affordability of cost is out of context.  It is already on record that RBI with the prior concurrence of Government of India has already implemented the same. As our Pension Regulation is modeled on RBI-pattern, this benefit is got to be extended.  A question has been raised repeatedly as to what connections the Bank Regulation has with Central Civil Service Rules.  In reply, your pointed attention is drawn to Clause No. 56 wherein it has been clearly told that in case of doubt, regard may be had to the corresponding provisions of CCSR 1972 and Central Civil Service Rule 1981. As regards IBA’s contention that no provision of updation is there in Bank Pension Regulation, we have already told in the foregoing paragraph that it is there in the Regulations. Moreover, plain reading of the minutes signed on 26th March, 1994 between AIBOC and others on one side and IBA on the other QUOTE  “The regulation was to be done on similar lines as Reserve Bank of India Pension Regulations and Central Civil Services Pension Rules applicable to Central Government employees by making suitable modification in relation to its applicability to the Banking industry” UNQUOTE substantiate our view that Bank  pensioners are entitled to all such benefits which accrue to their counter parts in RBI and Government.

6.       As regards 100% DA neutralization to pre-01.11.2002 retirees, willingness to concede has been expressed but pendency of court cases have been cited as an obstacle to concede the issue. We like to make it categorically clear that any Indian citizen does have the right to approach any court of law if he feels that his grievances as a citizen of the country are not being lawfully redressed. We, however, feel that there is no prohibitive or injunctive order passed by any court in this regard which can stand in the way of arriving at a bilateral understanding.  If, however, IBA takes a positive decision in this regard, all court cases will virtually be redundant. 

7.       As regards upgrading the basic pensioners at the common and uniform index of 4440 points, IBA’s view is that the process of collection of data and information from banks are being made for examination of cost implications and sustainability by banks.  Our view is that in the modern age of advanced technology when transmission of figures can be done in minutes (lot of data collected and compiled during the discussions prove that) and calculation of cost can be arrived at in hours, the prolonged delay is causing an element of faithlessness in the minds of the elder citizens of the country who have given the yester years of their life for the service of the nation.

We are happy to note that IBA is concerned and also positive in approach to resolve the issues amicably with a spirit of bilateralism but absence of any response to our communications and prolonged follow up had led us to believe otherwise.

Thanking you,

      Yours faithfully,