All India strike on 22nd and 23rd August 2012

As IBA remained unresponsive to UFBU regarding various demands of bank employees, UFBU has decided to go ahead with agitation program including two day strike on 22nd and 23rd August 2012.

Click here to view UFBU circular

Pension option to resignees and compulsorily retired employees

All India Bank Retirees Federation (AIBRF) has written a letter to Finance Secreatary, Govt. of India, requesting him to  issue specific direction to IBA , for including resignees and compulsorily  retired employees for pension option, while communicating the Government directions  to the bank.

Click here to view AIBRF Circular

Increase in D.A. from August 2012

D.A. Rates for Pensioners (%) – 48 Slabs more
Retired prior to 01-11-1992 - 1027 Slabs over 600 points
     Upto 1250    1251-2000    2001-2130    Abv 2130     
     688.09%        564.85%      338.91%      174.59%     
After 01-11-1992 upto 31-03-1998 - 890 Slabs over 1148 points
     Upto 2400    2401-3850    3851-4100    Abv 4100     
     311.50%       258.10%       151.30%        80.10%     
After 01-04-1998 upto 31-10-2002 - 756 Slabs over 1684 points
     Upto 3550    3551-5650    5651-6010    Abv 6010     
     181.44%      151.20%        90.72%        45.36%     
Retired on or after  1-11-2002 - 605 Slabs over 2288 points
For the entire Basic Pension Amount    108.90%     
Retired on or after  1-11-2007 - 468 Slabs over 2836 points
For the entire Basic Pension Amount    70.20%  

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