MERGER OF CPI POINTS UNDER 12TH BPS

[mohan p]

Merger of CPI points of 8088 –

 What does it means?

Will pensioners have any benefit on this?

01.Prima facie the subject relates to part of enhancement of existing Basic Pay of serving employees,along with wage revision process.However it is, directly relates to pensioners those who retire on or after 1st Nov'2022,too.

Let us go through the  little  intricacy of the subject

During the latest BPS/JN discussions held on 31^st August'23 between IBA- UFBU it was agreed that :

“Revised Pay scales would be worked out by merging DA upto 8088 points.”

02.What is the relevance of CPI 8088.?

Usually in every BPS/JN the practice followed  is to merge  DA at one year previous applicable average CPI,with Basic Pay.(In 11^th BPS/JN it was CPI 6352 points)

Thus,here, the average  Index Numbers for the quarter ended September 2021 was  @CPI 8088.(Applicable to Nov 2021)

Though the average  Index Numbers for the quarter ended Sept 2022 and as DA on 1^st Nov 2022 was at CPI 8576.

12^th BPS,period commence from 1^st November 2022,and thus  DA merger is fixed at average CPI applicable for 1^st November 2021 which is 8088.

before arriving at New Basic Pay scale,with a load factor above process is carried out.( ie Percentage of DA on above CPI 1736 points from existing 6352 will be added to BP)

03.Further DA on remaining 488 points ( CPI 8576-8088) points  as on 1.11.22,  will be paid along with,new revised pay scale.

04.Due to this exercise, the existing rate of 0.07 per slab may go down to around 0.05 or so based on calculation made in past settlements )

Let it be extension of benefit of merger of CPI 4440 and CPI 6352 under 10^th and 11^th BPS/JN to pensioners of prior settlement periods might have taken a back seat from IBA side, on account of cost involved,there in.

05.After agreeing to extend 100% DA to pre Nov 2002 pensioners, on 28^th July 2023, by IBA-UFBU ( approval yet to come from DFS)the cost may become  practically Nil here to extend the same to all pensioners,though not much monitory benefit may be expected.

However instead of seven segments  (+1more now) and seven separate DR rates can be get rid off with one single uniform rate as in the case of serving staff.

Ultimately which may certainly pave way for Updation of Pension too.

 06.The Committees Report  on issues of pensioners of SBI to Delhi High Court and the proceedings in WPC/1875/2013/ on 6th Oct '23 may throw further light on the issue.

[MOHANDAS RAO]

Sir,

The DA slabs etc. from Feb 2001 would be as under, before updating of pension [a single DA formula]. The date of effect of 100% DA to the pre-2002 retirees and the rate per slab for the 12th Bipartite are left blank [with a ? mark] for the time being.

K. MOHANDAS RAO

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[JSOMA SHEKARA]

Three main issues in the SBI retirees federation case in DHC are 1. 100% DA 2, Pension  improvement from 40% to 50% and Updation in every settlement. While the committee is looking into these issues the final verdict will be passed by DFC based on submission of petitioners and Govt of India in case govt of India failed to take a decision.

• However there is apprehension among stakeholders, Banks, IBA and DFS that if a verdict is passed by  DHC in the absence of a decision by DFS, there are possibilities of awarding benefits  from back date by court. Due to this 100% DA is agreed by DFS  from prospective date. DFS is likely to take similar decisions regarding other demands before 6th Oct to avoid possibilities of Court awarding benefits from back date.
  

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[NSS]

Friends

Updation appeals are listed for hearing on 05/09/2023 in Court No.8 under No17. Meanwhile on 29/08/2023,M/S.Mitter & Mitter &Co has filed an affidavit. It is highly probable that this affidavit is about the High-Power Committee going into the Pension issues of SBI pensioners. It appears that the Updation will become reality soon.

Regards

N.Sankara Subramanian

[Sureshbhat M]

However, if election is declared with preponement in next spl parliamentary session, DFS

 can not pass any orders.

But dont know what step the Court will take. 

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[Sureshbhat M]

Who is this Mitter come at this juncture?.

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[kds nair]

Unlike full da neutralization case,arrears will have to be paid at least from the date of effect of 11 th bps (when updation is effected.).

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[viswanathan visu]

sir.

     AS FAR AS I KNOW TO THE BEST OF MY KNOWLEDGE DFS  CAN PASS ANY ORDER UNTILL A FINAL NOTIFICATION IS GIVEN BY THE ELECTION COMMISION REGARDING THE DATE OF ELECTION..HENCE SUFFICIENT TIME AVAILABLE FOR DFS TO ACCORD APPROVAL FOR OUR 100% D.A.

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[mohan p]

Dear Mr Suresh Bhat,

For your information:

The referred Mitter is respondent's advocate as follows;

Resp. Advocate(s)

MITTER & MITTER CO.   RAJESH KUMAR GAUTAM[R-4] Respondents in case No.SLP(C)5561/2016 filed by late M C Singla and Ors Vs Union of india, are as follows; 1Union of India,represented by Secretary,GOI. 2.Punjab National Bank,New Delhi.rep:Chairman 3.Indian Banks Association 4.General Manager,Punjab National Bank.Zo.Chandigarh.

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[kds nair]

Mitter & Mitter Co is Lawyers.

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[Sureshbhat M]

Got it. Thanks Sir. 

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[JSOMA SHEKARA]

Election code of conduct cannot prevent implementing court orders

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[sailendra kr de]

Merger of DA on 8088 points price index with basic of the bank retirees ,retired between1st Nov 2002 to 31st October 2022 is essential to  implement  uniform DA in banking industry . Someone advocates that it would   incur  huge amount of money had the implementation of 100% DA  on 8088 points price index been materialised  in banking industry .It is the wrong conception . At present the  balance in pension Fund  is more than four lakhs crore .More over the balance is gradually being increased  by  the contribution of the existing employees , Side by side death of old pensioners ,is also decreasing the claim of pension .. More over , if the interest component  on principal be added in each and every year that  is also enough to cope up the situation . upon this point , I request the appropriate authourity . please merge the DA on 8088 points price index with the basic of retirees and make them happy with asmiling face  . Practically speaking , most of the retirees  are living in miserable condition . Their life is now at the fag end . Due to paucity of pension  they  are unable to pay  medicale insurance Premium. . God forbid , if you  ever fall in such vicious circle of monetary problem , you will realise what type of agony the old pensionrrs  have been sufferings. 

[MOHAN P]

Agree with one point mentioned by Mr Sailendra.

Yes.It is a fact that,majority of retirees have already left out from IBA group medi insurance scheme due to high premium which they can't afford on  increases happened year by year.Hardly one lakh plus retirees only are renewing the Medi policy now as per available records.The number may reduce in coming years too.

All pensioners are now receiving 100%DR right now.Let it be under AICPIN 1960 or 2016 series.So there is not much difficulty in merging CPI 8088 points with basic pension of retired employees  prior to 1.11.2022 too.

Merger of CPI 8088 is not a matter concerned with  employees retired between  1st Nov 2002 to 31st Oct 2002 only,as you have stated,  but pertains to all pensioners since 5th BPS period.

It is not a question of concept of people but there is a cost in the above process too though may be sightly lesser.

I do not know why few retirees (including some leaders) could not still understand the mechanism of monthly payment of pension. My dear friend, let us not look to the balance of pension fund which is provided  for payment of pension to already retired/family pensioners as well as serving employees  those who have opted under old scheme.Fund may exist till the last person/family survive only.

IBA's cost neutral theory in merger of CPI  to already retired ,  as allowed in the case of pensioners retired w.e.f 1.11.2022, is clearly an absurd thought.We have witnessed the impact of such  DR related issues in the past which has been resolved later  through court as well as through bilateral talks.If it happens,this may Create another discrepancy in payment of DR among pensioners.

Let the merger of CPI 8088 with basic pension too happen to all pre 1.11.2022 pensioners without delay which may  give some relief (though not substantial)to pensioners with a uniform DR at industry level.

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