| Month | CPI |
| Oct -09 | 3766 |
| Nov-09 | 3835 |
| Dec-09 | 3858 |
Pensioners DA will increase by 91 slabs from Feb 2010.
The announcement is made by IBA ( Source - IBA Website)
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.
For viewing the IBA circular on pension D.A. click on the link given below.
IBA D.A. Circular
Congrats!The DA calculation table given is highly useful for all.
ReplyDeletePM
Existing DA slabs are stated as 270 instead of 291 slabs in DA calculator and hence it is not showing correct DA. Pl check the same and modify. New slabs must be 382 slabs.
ReplyDeleteTHE DA SLAB FOR MAY 2009 IS 272 AND FOR AUGUEST 2009 IT IS 291.PL REF AIBOC CIRCULAR NO;57/2009.FOR PENSIONERS DA INCREASE IS CALCULAED IN FEB AND AUG ONLY.HENCE THE BASE FIGURE FOR AUG 2009 IS TO BE TAKEN TO ARRIVE THE INCREASE FOR FEB 2010.THE CORRECT DA SLAB FOR FEB 2010 WORKS OUT TO BE 291+91=382.PL VERIFY AGAIN AND CORRECT -R.JAYARAM
ReplyDeletePlease rectify the error under pensioners' DA slab for Feb'10. to 382 (those who retired after 1-11-2002)
ReplyDeleteThanks for communicating the error . Now the error is rectfied. Old slabs are taken as 291 and new slabs are taken as 382.
ReplyDeletedear friends, I was told that there is a computing mistake in CPI(as we follow 1960 index) in the year 2001 and the same as reportedly rectified in the month of Aug 2009 resulted in substantial increase of DA. Is it true. If so then every employee lost substantial DA from 2001 onwards besides reduced basic in the previous settlement 2002.
ReplyDeleteDear Friends,
ReplyDeleteIt is useful to inform about the increase in DA rates. This periodical information is going to help the pensioners of various banks. A core group formed to discuss the various issues relating to Bank Pensioners is also highly commendable.
BALA, CHENNAI
It is very relavent what Mr.K Balasubramanian writes, now it is better the negotiating teams leave the calculation part to IBA , and concentrate on how to negotiate for 100 % nutralisation for pentioners who retired before 2002 and see that everybody gets the benifit after every setttlement as central govt employees get.
ReplyDeleteSirs,
ReplyDeleteI am working as a special assistant (29 years of service completed) in one of the subsidiaries of SBI. I have 9 years of service left. My present basic pay (8th BPS) is Rs.16010/- spl allowance 1600/- FPA(exclg. HRA component}Rs560-and PQA Rs900/- MY sixth and final stag.increment is due in NOV.2011. I am a PF optee. Is it a worthwhile proposition now to goin for pension option now, considering the fact that I have to surrender Bank PF {accumulated with interest} upto Rs.6.00 lacs apart from contribution of Rs.66000/_ and 3% of new BP {as observed in this blog}A detailed clarification is very much appreciated.
Also what would be my basic pension if i give vrs after this settlement is signed/after opting for pension ofcourse.
Read more: http://paycommissionupdate.blogspot.com/2009/12/bank-pension-option-detailed-note-on.html#ixzz0giaHYd1M
what is the likely da increase for pensioners effective from AUGUST 2010?also, will the pensioner basic pay increase to 50% of the revised basic pay as per 9th bipartite AUTOMATICALLY O/A UPDATION?WHAT IS THE OPERATING CLAUSE RELATING TO PENSION FIXATION O/A BIPARTITE?
ReplyDeleteWE TALK A LOT ON SECOND OPTION OF PENSION IN BANKS.WHAT IS THE AMOUNT OF PENSION BASIC PAY?50% OF REVISED BASIC ?OR THE EARLIER RATE OF 50%&40%OF THE BASIC UPTO(A) 21040/(B)ABOVE 21040/THIS AREA STILL REMAINS AMBIGUOUS TO ME.CAN ANY ONE CLEAR THIS DOUBT PLEASE.
ReplyDeleteit is almost three months and theold retirees seeking to opt for pension are still awaiting notification and necessary formalities to be completed to be eligible for pension and thus to rectify a blunder mistake by not opting for pension in the past
ReplyDeletewhat is the fate of an employee who waited for signing of 9th b p settlemet bu unfortunately breathed his last a month before the signing of the settlement. But for his death he was to opt for pension and refund the bank's contribution of pf. the circulars that the bank's have circulated do not mention anything about the decesed during the perio1.11.2007 to 27.04.201 but are using the word retire during this period only .
ReplyDeleteSir,
ReplyDeleteI retired in June 2009. My basic pay since 2007 nov (as per revised salary) is 32400 and FPA 800/- thus total is 33200 and retired after competing 35 years of service on superannuation.. As per Pension calculation
Basic pay +Sp all(ranking for PF) X 50/100 X 35/33
comes to 17607. where as in the above calculator it is showing as 16600/-. Which is correct? if it is 16600/- what is the meaning of the formula Basic X50/100 X No.of years qualifying service/33 ? Please clarify. P Nageswara Rao nraosurya1949@gmail.com
Shri Nageswara Pilla -
ReplyDeleteYou have taken 35 years of qualifying service in basic pension calculation. Maximum 33 years of years of service should be taken for pension basic calculation, irrespective of actual service more than 33 years.
WHAT COULD BE THE DA FOR AUG 2011?
ReplyDeleteThere is an increase of 27 slabs across all catogories of Pensioners w e f 1st Aug 2011 to Jan 2012.
ReplyDeletePlease let me know whether VRS employee (officer) is eligible for 1% extra interest on his savings a/c and fixed deposit a/c.??
ReplyDeleteN Parikh