Fwd: bankpensioner Commutatiobn arrears

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Dattar Sawhney

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Sep 28, 2019, 1:28:36 AM9/28/19
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From: Dattar Sawhney <dattar....@gmail.com>
Date: Friday, September 27, 2019
Subject: bankpensioner Commutation arrears
To: bankpe...@googlegroups.com


Please inform me if I am also entitled for commutation difference as I have taken VRS in 2000 from PNB and retired on 20.12.2000. I do not know whether PNB has also initiated the payment. If not paying then the course open to the individual for getting the payment as most of the retirees are senior citizen with certain ailments and have limitations in long perusal. Please find out some way

On Fri, Sep 27, 2019 at 9:09 PM JSOMA SHEKARA <jsomase...@gmail.com> wrote:
Will Banks pay 8% int on 5 years benefit arrears which was due from 2001 but paid in 2009-2010.

On Fri, Sep 27, 2019 at 8:04 PM JSOMA SHEKARA <jsomase...@gmail.com> wrote:

Banks should pay 8% interest for delay in crediting pension, arrears: RBI

All agency banks disbursing pension are advised to provide considerate and sympathetic customer service to the pensioners, especially to those pensioners who are of old age

 

Read more at:
//economictimes.indiatimes.com/articleshow/71202204.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst



On Fri, Sep 27, 2019 at 4:14 PM Kishalaya Mukherjee <kishalaya...@gmail.com> wrote:
The huge difference between your basic at retirement and  basic at present can't be the impact of 1616-1684 difference. There must be some other reasons which you and your bank should know. The impact of 1616-1684 points is less than 20% in basic.  But in your case it is more than 70%. 1616-1684 arrear is applicable for those who have retired before Nov 2002. All who have retired between Nov 2002 and Nov 2007 are receiving DA @ .18% flat without tapering. 

You should visit your pension disbursing branch personally  to get a copy of your pension calculation worksheets. 

On Fri, 27 Sep, 2019, 9:37 AM dinesh kumar sharma, <dinesh....@gmail.com> wrote:
Thanks Sir

But I was paid arrears of pension in June 2018 as Rs 16015 and Rs 19244 interest thereon.It may be for the period from Oct 2004 (my retirement) to 30th April 2005.
(For six months 19 days) Our bank had not provided calculation sheets hence I presume that the arrears related to 1616-1684.

Please apprise your views with reference to above.

Regards







On Thu, Sep 26, 2019, 15:48 Kishalaya Mukherjee <kishalaya...@gmail.com> wrote:
Mr. Dinesh Sharma,
If you have retired in the year 2004, then you are getting fully neutralized DA on your basic Pension @ 0.18%. 
DR factor on your present basic pension is 18.36. Present DR slab is 1219 in your case. So, your total pension should be :
10,200 + 22380.84 (18.36*1219) = 32580.84 less commutation 1958/- = 30,622.84. 
You are entitled to commute a further  amount of RS. 1442/-(3400 - 1958).
Commuted value will be :
1442* 12.05 * 12 = 2,08,513/-
But it's upto your bank whether they will consider it or not. 
You have no relation with 1616-1684 controversy. 
Thank you.
Kishalaya Mukherjee.

On Thu, 26 Sep, 2019, 9:45 AM dinesh kumar sharma, <dinesh....@gmail.com> wrote:

Thanks a lot for your response

 As calculation sheet was not provided to us BP at 1616 point is not known.However BP at the time of retirement was 5876.DOB 29/12/50

Regards

On Wed, Sep 25, 2019, 15:48 shantilal nagal <slnag...@gmail.com> wrote:



Your present BP of 7880 is @ 1684 points. What was your BP @1616before revision done in last year.
You can  know it from calculation sheet for arrears paid in 2018.    

Also inform your date of birth.

S K NAGAL


On Tuesday, September 24, 2019, Kishalaya <kishalaya...@gmail.com> wrote:

Mr. Venkataramana,

 

The information you have provided is not sufficient to calculate your commutation arrears. I am attaching one Commutation Arrear calculator prepared by me by which you can calculate your commutation arrear yourself. But are you sure that you will get the arrears at all?

 

Thank you.

Kishalaya Mukherjee.

 

Sent from Mail for Windows 10

 

From: K V Venkataramana
Sent: 24 September 2019 04:02 PM
To: bankpe...@googlegroups.com
Subject: bankpensioner Commutation arrears

 

Dear Sir,

 

I retired from Syndicate Bank under SVRS in April 2001. (28 April 2001).  My basic pension is Rs. 7880. Could anyone please tell me what will be my commutation arrears.

 

Regards,

K V Venkataramana

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