Visvam Ambattur <ambat...@gmail.com>: Nov 06 06:11PM -0500
Thank you Mr.Nook Raju, for the clarification.
Please help me to know if I am eligible for DR e gratia 800 or 450 or 1250
based on following :
*Latest AIBEA circular I got from my local group says:*
For retired between 1-apr-1998 and 31-10-2002,
Upto 3550 - DR is 451.92% plus Rs.800
3551-5650 - DR is 451.92% plus Rs.450
Above 5650 - DR is 451.92%
Resigned in June 1998. Basic pension of 4039 was calculated based on 7
BPS. Pension as a resignee started from month of may2024. For October
2024, I was paid DR equivalento 451.92%. Total pension paid = RS. 22,293.
Thanks again for your help
Regards,
Ramachandran
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MOHAN P <moha...@gmail.com>: Nov 07 12:25PM +0530
What is agreed in the 12th BPS/9th Joint Note dated 01 March, 2024, that as
a one-time mesure applicable for the current bipartite sattlement/Joint
Notes period from November, 2022 to October 2027, monthly ex-gratia amount
shall be paid in addition to the pension family pension paid by the public
sector Banks including SBI, to pensioners and family pensioners, who became
eligible to draw pension on or before 31 October, 2022 including those who
retire on 31.10.2022.
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Ramani Konnayar <knra...@gmail.com>: Nov 07 11:06AM +0530
100% DA neutralisation was sanctioned to pre 2002 retirees prospectively
from October 2023 (i.e., without any arrears)
although those who retired on or after 1/11/2002 were getting it from
1/2/2005 in terms of 8th BPS.
Among the pre 2002 retirees, almost all who had retired as workmen had not
at all been affected by the old (tapering) DA formula and were already
getting 100% DA as their basic pension was within the first slab itself. In
respect of some others, only a small portion of their basic spilled over to
the next slab and they were being marginally affected. These two categories
were sanctioned exgratia of ₹800 & ₹450 respectively, purely as a goodwill
gesture (as their pensions were very low) so that they too got some
increase in pension along with other pre2002 retirees.
Thus, technically, you are eligible for an
exgratia of ₹450. However, the bank appears to think that the exgratia is
applicable only to those who were already drawing pension when it
(exgratia) was introduced in October 2023. Anyway, you may make a
representation and get their response.
I think you may not be getting the other exgratia too that was sanctioned
to all pensioners right upto 31/10/2022 with retrospective effect from Nov
2022.
K N Ramani
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Kalyanasundaram Subramaniam <1952...@gmail.com>: Nov 05 11:39PM -0800
"From the above data, it is evident that the claim that any upward revision
of pension will cause considerable strain to the financial position of the
banks is baseless. There is sufficient balance available in the pension
fund, and only a part of the inflow is sufficient enough to meet the
current pension obligation."
The above statement shows lack of understanding of how the corpus fund is
maintained as per actuary estimation and it is simply undermining the role
of actuary. This type of irresponsible statement will make us a laughing
stock in front of officials of ministry and IBA.
The corpus fund cannot have excess or shortfall. It is with adequate
(estimated) balance to pay pension up to the last pensioner as per existing
pension rules and all the future accumulations (including return on corpus
fund) and payment obligations are taken into account while arriving at the
appropriate balance in the pension fund.
Any change in pension rules for pension updation will be possible only by
increasing the pension fund balance.
S Kalyanasundaram
On Wednesday, November 6, 2024 at 9:55:55 AM UTC+5:30 RAMANI NV wrote:
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Hans Raj Manuja <manuj...@gmail.com>: Nov 06 07:13PM +0530
Yes, pension updation is our mother demand. Ex-gratia is a lolypop !
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Jaganathan Tc <jagan...@gmail.com>: Nov 07 10:25AM +0530
Can someone please share the actuary estimatation so that we may understand
the maintenance of adequate balance in the pension corpus
T C Jaganathan
On Thu, 7 Nov 2024, 09:42 Kalyanasundaram Subramaniam, <1952...@gmail.com>
wrote:
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