It is learnt from very reliable sources that United Forum Leaders met the Bank today morning and conveyed their approval in respect of Pension Updation etc.
United Forum is likely to issue a circular soon.
We are happy to inform that the Ministry of Finance by their letter dated 5th March 2019 have granted approval for updating pension to the pensioners in RBI with a notional increase of 10% in pension plus DA with wage agreements done in 2002, 2007 and 2012. This results in overall increase in basic pension […]
General Secretary, AIRBIOPF, has written a letter to Governor , Shri Raghuram Rajan requesting for interim relief till pension is updated. In letter dated 16th August 2014 he says : “It is also earnestly requested to grant interim relief to the retirees till the final order of updation of pension is received from the Govt.” The letter…
Bank has set right the anomaly by proportionately applying multiplication factor where pension was worked out on different pay scales. Earlier the basic pension was revised by applying one multiplication factor as given in circular dated 7th march 2019, although pension was calculated on two different pay scales. Date of retirement Basic Pension revised by…
Some requests have come from retirees for a calculation sheet that shows the likely increase in number of slabs based on Index numbers every month released by labourbureau. The sheet below starting July 12 shows the minimum number of slabs available in Feb 13 assuming there is no further rise in Index numbers, although index…
Pensioners /Family Pensioners will get their enhanced Pension on the rates as per the details below- from August 2012 to January 2013 : The rates of Dearness Relief on Pension/Family Pension/Ex-Gratia as % of basic pension/family pension Pension / family pension based on August 2012 to January 2013 February 2012 to July 2012 Increase in D.A….
“We have been demanding improvement of pension and not reduction thereof. We emphasized that updation of pension every 10 years will create many anomalies and differential treatments
Thanks for the update.Awaiting anxiously for the details.Regards
It OK if the updation is on Basic Pay and not on Grade Pay.
RBI PENSTION UPDATION WHETHER GOVT WILL CONSIDER SBI PENSTION UPDATION WHICH IS LONG PENDING