Tuesday, February 1, 2022

DEARNESS RELIEF PAYABLE TO PENSIONERS W.E.F.1ST FEB'22 TO 31ST JULY'22.

 

DEARNESS RELIEF PAYABLE TO PENSIONERS W.E.F.1ST FEB'22 TO 31ST JULY'22.









D.A. to those who retired on or after 1st Jan 1986 but before 1st Nov 1992.









Basic Pension

D.A.Payable


Average Index

8239







Slabs

1909

Up to Rs.1250.



1279.03











Rs.1251 to 2000



1049.95

%











Rs.2001 to Rs.2130.




629.97

%











Above Rs.2130



324.53

%











D.A payable  to those who retired on or after 1st November 1992









Up to Rs.2400



620.2

%

Slabs

1772









Rs.2401 to 3850



513.88

%











Rs.3851 to 4100



301.24

%














159.48

%












D.A. payable to those who retired on or after 1st April 1998









Up to To. Rs.3550



393.12

%

Slabs

1638









Rs.3551 to 5650



327.6

%











Rs.5651 to 6010



196.56

%














98.28

%











D.A.Payable to those who retired on or after 1st November 2002













267.66

%

Slabs

1487










D.A.Payable to those who retired on or after 1st November 2007













202.5

%

Slabs

1350










D.A.Payable to those who retired on or after 1st November 2012













94.9

%

Slabs

949










D.A.Payable to those who retired on or after 1st November 2017













32.97

%

Slabs

471









pm/31.01.2022.








  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. 

 
 

 

Thursday, November 18, 2021

Pension Updation in Banks. Letter to IBA

Letter by AIBPARC to the chairman IBA regarding Pension Updation in Banks is reproduced below

Quote :
AIBPARC/IBA/PENSION UPDATION/EMAIL/2021                November 12, 2021.
Shri A.K. Goel,
Chairman, IBA,
& MD & CEO, UCO Bank.
Respected Sir,
Sub : Pension Updation in Banks.
We mention hereunder the chronological developments of the above issue for your kind information and ready reference:
 There had been a time when the issue of pension updation, when raised in Parliament, was addressed by a standard reply that it was a funded scheme and determined by bilateral negotiations between IBA and Unions/Associations. Hence, it was contended that government had little scope for intervention in this regard.
 The issue was first focussed into surface by AIBPARC when the organisation highlighted that Regulation 35.1 clearly mentioned the modality of updation of pension in its appendix 1 and it was not an unheard-of subject in the Banking Industry. An opposition came from certain quarters that the Regulation 35.1 mentioned about a particular batch only (01.01.1986 to 31.12.87) and it was not applicable to other retirees. It is AIBPARC which cited again that the Regulation 35.1 was amended in the year 2003 and it was made open-ended to make pension updation applicable for all and it was to take place in a concurrent manner with each salary revision for serving employees/officers in the Industry.
 Next came the issue of affordability of funds. This is often argued that pension updation would create a serious pressure on the balance sheet of banks. It is partially e myth. The total corpus of all the banks including that of SBI is far above Rs.3 Lac crore and the net out-go for updation of pension even as per RBI formula can be safely managed by the pension corpus which was created out of the surrender of the management contribution to PF by the employees during their service life. Any shortfall, after government- approved Actuary’s annual estimation, has to be made good by banks every year to the debit of PL account and it is a statutory obligation of banks as per Pension Regulations.
 The situation underwent a sea change with the following developments :
Hon’ble Union Finance Minister had expressed her concern about the well being of the retirees in an interview at a leading newspaper being followed by her address in the 73rd AGM of IBA. She expressed her concern for the retired employees and their families. She kept her commitment by arranging for a quick clearance of the improvement of family pension that was recommended by IBA. We profusely thanked Union FM, officials of MOF and UFBU for addressing an issue which remained unattended for a long time.
 The issue of pension updation was raised in Parliament again. This time the reply of MOS, Finance, was a departure from what was said in earlier occasions. It was told that government would consider with favour any proposal on pension updation if the same is recommended by IBA.
 Consequent upon this, IBA formed a five-man committee headed by Shri CH. Mallikarjuna Rao, MD & CEO, PNB to look into the subject of Pension updation. The said committee, it can be reasonably expected, was formed by IBA at the instance of GOI. The first meeting of the committee with UFBU took place on 22.07.21. It has been learnt from different communications that it was a one-sided affair where the members of the committee heard the views of the constituents of UFBU. It was expected that the committee would meet soon and the views of the members would be made known but things did not happen in the direction. Meanwhile, we have been hearing from different responsible sources that the members of the committee are making serious application of mind on the issue of updation and they are acting with a positive frame of mind to do something tangible for the retirees of the industry.
 The committee on government assurances, Rajya Sabha, under the chairmanship of Shri A. Navaneethakrishnan, MP, visited Bhubaneswar and Kolkata and met the officials of IBA, Functionaries of DFS and MD & CEO of selected banks and discussed the issues related to updation of pension. Our organisation has submitted a detailed memorandum in the hands of the Chairman of the Committee. We expect that the report submitted by the committee has already reached the decision making authorities.
 We have repeatedly harped on a careful reading of Regulation 56 of BEPR which states that in case of any doubt in regard to implementation of Pension Scheme in Banks, reference should be made to the corresponding provisions of Central Govt. Pension Scheme. It may please be noted that in the Agreements with the employees and officers organisations, it was clearly stated that the Pension Scheme in Banks was modelled on RBI pattern and Pension updation has been allowed in RBI.
 100% DA neutralisation has been denied to pre-November, 2002 retirees and as a result of it a substantial chunk of older citizens are suffering from double jeopardy due to non-revision of pension and lower DA compensation.
 Hon’ble SC has held that pension is a deferred wage and not a bounty and wage revision and pension revision are inseparable.
 We have been remaining in dark for quite a considerable period of time. We have sent our representation to the Chairman of the five-man committee and copies have been endorsed to all other honourable members of the committee. We have also made it clear that the leaders of our organisation would be available at a reasonable notice to present ourselves before IBA or any other authority to explain in person what is the legality of our demand and what is the base of our contention that the outgo of fund required for updating the pension as per RBI formula is within a manageable extent. We have not received any communication so far.
Sir, the Retirees, being senior and super-senior citizens of the country, do not have sufficient time in hand to wait endlessly. They definitely require a consideration on a faster pace. We sincerely hope that you would kindly ensure that the five-man committee quickens the process of decision making and the issue of updation is carried forward to a logical conclusion without any loss of time. We also wish that the organisations of retirees, being one of the principal stake holders, must be given an opportunity to present their views for consideration. When the Union Govt. and various state governments offer consultative status to the organisations of retirees, we fail to understand what actually prohibits IBA to offer consultative status to the organisations of retirees. In a detailed memorandum, we have explained our views before IBA that as per instruction of MOF, GOI, IBA a few years of back asked every bank to form a committee at corporate level to hear the grievances of the retirees and the process is continuing with different member banks. When IBA passes instruction to form committees to discuss grievances of retirees at bank level, it really turns to be an anomaly and dichotomy when IBA at its own level denies consultative status.
We make a fervent appeal before your goodself to consider with favour the views expressed by us in the foregoing paragraphs and call us for discussion.
With kind regards,
(K.V. Acharya )                                                           ( Suprita Sarkar )
President, AIBPARC & Jt. Convenor, CBPRO      General Secretary, AIBPARC

Unquote 

 

 

Saturday, July 31, 2021

DEARNESS RELIEF PAYABLE TO PENSIONERS FROM 1st AUG'21 TO 31st JAN'22

 D A rates for pensioners (%) 23 slabs more

 

Retired prior to 01-11-1992 -        1835 Slabs over 600 points 

Upto 1250               1251-2000             2001-2130        Abv 2130
  1229.45%              1009.25%                605.55%          311.95% 

 After 01-11-1992   upto 31-03-1998 - 1698 Slabs over 1148 points

Upto 2400                2401-3850             3851-4100        Abv 4100 

   594.30%                 492.42%               288.66%           152.82% 

After 01-04-1998 upto 31-10-2002 - 1564 Slabs over 1684 points 

Upto 3550                3551-5650             5651-6010         Abv 6010 

375.36%                    312.80%                187.68%             93.84%
Retired on or after 01-11-2002 -   1413 Slabs over 2288 points 

For the entire Basic Pension Amount 254.34% 

Retired on or after 01-11-2007 - 1276 Slabs over 2836 points 

For the entire Basic Pension Amount 191.40%
Retired on or after 01-11-2012 - 875 Slabs over 4440 points

For the entire Basic Pension Amount 87.50% 

Retired on or after 01-11-2017 - 397 Slabs over 6352 points 

For the entire Basic Pension Amount 27.79% 

 

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. 



 

Friday, July 23, 2021

Bipartite Meeting with IBA on Pension - joint circular by employees' unions

Joint circular by employees' unions is reproduced below

 No. 2021/Joint Cir/02          22nd July, 2021
To All Units & Members
Dear Comrades,
Bipartite Meeting with IBA on Pension
Our unions and members are aware that after signing the 11th Bipartite Settlement on 11th November, 2020, we have been pursuing some of the issues that could not be finalised with the IBA in the Settlement. Accordingly, a round of discussions took place with IBA on 10-12-2020 and minutes were also signed on these residual issues.
Out of these issues, updation of pension was one of the important issues raised by us in that meeting and IBA agreed to discuss the issue further. Due to the second wave of pandemic, meetings could not be held so far. In the meantime, IBA, set up a Committee headed by Shri CH S S Mallikarjuna Rao, MD&CEO, PNB to deal with the issue of Pension.
On following up the matter with the IBA, today, IBA convened a Bipartite meeting between the Committee and our Unions (AIBEA-NCBE-NOBW-INBEF). The meeting was held under video conferencing.
IBA’s Committee was represented by Shri CH S S Mallikarjuna Rao, (MD&CEO, PNB) Chairman of the Committee, Shri. M V Rao (MD&CEO, Central Bank of India), Vice Chairman and Mr. Om Prakash Mishra (DMD, SBI), Shri S L Jain (ED, BOB), Shri D. Mukherjee (ED, Canara Bank), and Shri Gopal Murli Bhagat, Dy Chief Executive, IBA.
We were represented by Com. Rajen Nagar and Com. C.H. Venkatachalam from AIBEA, Com S.C Balaji and Com. S K Bandlish from NCBE, Com. Upendrakumar from NOBW and Com. O.P Sharma from INBEF.
While thanking the IBA for commencing the discussions on the important issue of review of pension scheme, we urged upon the IBA to hold discussions on all other residual issues also so that the same can be resolved amicably at the earliest.
Regarding pension related issues, we raised the following points:
a) Provision to be incorporated for ensuring revision in pension during every wage revision settlement.
b) Pending this finalisation, updation of pension for all pensioners who retired from 1-1-1986 to 31-10-2017.
c) While updating pension as above, pre-November,2002 pensioners to be kept in mind keeping their earlier tapering DA formula.
d) Improvements in pension scheme like additional pension above the age of 80, 90 and 100, full pension to be given for 20 years service and above instead of present 33 years, calculating basic pension based on average of last 10 months or last month basic pay whichever is beneficial to the pensioner, etc. on the lines of RBI/Government scheme
e) Bringing pension of all retirees at the uniform price index of 6352 points.
f) Revision in Ex Gratia pension of pre-1986 pensioners.
g) Pension for resigned employees
h) Clarification on false complaints of diversion of pension fund of Banks.
We further informed that all these issues can be further discussed in detail by convening a physical meeting for negotiations at the earliest when understandings can be reached on all these matters looking to cost aspect, etc.
Improvement in Family Pension at 30% without ceiling / Enhancement of management’s contribution from 10 to 14% under NPS for post-2010 employees:
We pointed out that the Improvement in Family Pension at 30% without ceiling and enhancement of management’s contribution from 10 to 14% under NPS for post-2010 employees have been agreed upon and are part of the Bipartite Settlement but the matters are still pending for approval with the Government. We urged upon the IBA to follow up the matter with the Government to expedite the approval without further delay.
Comrades, all our members will recall that on the same day last year i.e. on 22-7-2020, there was a crucial negotiation between IBA and Unions when the MoU was finalised and signed which paved the way for the successful 11th Bipartite Settlement with adequate wage revision and many improvements in the service conditions which are being hailed by the employees. We hope that the commencement of the discussions today on pension issues will also similarly lead to further fruitful discussions and successful culmination at the earliest.
Further developments will be informed in due course.
With greetings,
Yours comradely,
C H Venkatachalam S K Bandlish         Upendrakumar     O P Sharma
Gen. Secretary         Gen. Secretary       Gen. Secretary     Gen. Secretary
AIBEA                     NCBE                    NOBW                INBEF