1.All India Reserve Bank Retired Employees Association Mumbai, has convened a meeting of the CEC members in Mumbai on 6th and 7th March 14. Reporting on ” RESTORATION OF PENSION UPDATION “, is the first item on the Agenda circulated to CEC members. Needless to say. the pension scheme in banks needs a revision urgently. The…
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Pre 97 RBI retirees are getting revised pension only on account of the stay granted by Mumbai high court -WP2403 of 2009-,although the bank had issued letters for making recoveries and in absence of the court orders helpless retirees were left with no alternative but to submit to huge recoveries . No organisation other than the court could have stalled the recoveries, and , as a consequence cause of updating Pension would have been lost for ever.
Central Govt. RBI/PSBs Base year From 01.01.06 AICPIN base (2001=100) 0ver (115.763 ) points i.e. {above 536 points for Base Year (1982=100)} AICPIN base (1960=100) All India Consumer Price Index numbers(AICPIN) released every month based on year 2001(base Year)by Labour Bureau GOI Average Calculations for existing employees Average of Last 12 months prior to 1st…
Before we proceed further , the following terms should be noted; DA-Dearness allowance for working employees DR-Dearness relief for retirees/pensioners CPI-consumer price index AICPI – All India Consumer Price Index. AICPIN- All India Consumer Price Index Numbers. DA figures calculations are based on AICPIN for Industrial Workers (base 2001=100). The index numbers are released on the last working day…
