Monday, February 21, 2011

Denial of Pension to VRS optees under Officers' regulations and empoyees retired under CRS - Writ Petiions in Chennai and Karnataka Highcourts

 AIBOA has issued circular regarding it's efforts to get  legal recourse for justice to the employees who have taken VRS under Officers' regulations and employees who were compulsorily retired by the bank. These employees were denied the pension option under 9th BPS.  The detailed circular is reproduced below. 

Tuesday, February 1, 2011

Increase in D.A. slabs from Feb 2011

Pensioners D A will increase by 61 slabs from Feb 2011.
D.A. Rates for Pensioners (%) – 61 Slabs more
Retired prior to 01-11-1992 - 892 Slabs over 600 points
     Upto 1250    1251-2000    2001-2130    Abv 2130    
      597.64%      490.60%       294.36%       151.64%    
After 01-11-1992 upto 31-03-1998 - 755 Slabs over 1148 points
     Upto 2400    2401-3850    3851-4100    Abv 4100    
       264.25%     218.95%       128.35%       67.95%    
After 01-04-1998 upto 31-10-2002 - 621 Slabs over 1684 points
     Upto 3550    3551-5650    5651-6010    Abv 6010    
     149.04%       124.20%       74.52%         37.26%    
Retired on or after  1-11-2002 - 470 Slabs over 2288 points
For the entire Basic Pension Amount    84.60%    
Retired on or after  1-11-2007 - 333 Slabs over 2836 points
For the entire Basic Pension Amount    49.95%    

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.