IBA Circulars : IBA published Dearness Relief Orders for Bank Pensioners
IBA Circulars : IBA published Dearness Relief Orders for Bank Pensioners
Indian Bank Association has published orders on increasing of Dearness relief to pensioners for the period August 2013 to Januany 2014 and the detailed report of DR to all retired employees as follows...
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/76/D/G2/2013-2014/7589
August 1,2013
Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension
Dear Sirs,
Dearness Relief payable to Pensioners for the period August 2013 to Januany 2014
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June, 2013 are as follows:-
May 2013 - 5204.31
June 2013 - 5272.78
In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 dearness relief is payable to pensioners at rates specified in Appendix II to the Regulations.
Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the dearness relief payable to pensioners for the period August 2013 to January 2014 as per Annexure.
Yours faithfully,
sd/-
K UNNIKRISHNAN
DY. CHIEF EXECUTIVE
Annexure to Circular No.CIR/HR&IR/76/D/G2/2013-14/7589, dated August 1, 2013
PART-I
| ||
Dearness Relief to pensioners who retired on or after 1st day of January 1986, but before the
1st day of November,1992/1st July, 1993
| ||
| BASIC PENSION | ||
| Dearness relief for the months |
Slabs
| |
| August 2013 to January 2014 |
1152
| |
| Average Index |
5211
| |
| (i) | Upto Rs.1250 | 771.84 per cent |
| (ii) | Rs 1251 to Rs 2000 | Rs. 9648.00 pIus 633.6 percent of basic pension in excess of Rs.1250.00 |
| (iii) | Rs.2001 to Rs.2130 | Rs. 14400.00 pIus 380.16 percent of basic pension in excess of Rs.2000.00 |
| (iv) | Above Rs.2130 | Rs.14894.20 plus 195.84 percent of basic pension in excess of Rs.2130.00 |
PART-II
| ||
Dearness Relief to pensioners who retired on or after 1st day of November, 1992/
1st July,1993
| ||
| BASIC PENSION | ||
| Dearness relief for the months |
Slabs
| |
| August 2013 to January 2014 |
1015
| |
| Average Index |
5211
| |
| (i) | Upto Rs.2400 | 355 25 per cent. |
| (ii) | Rs.2401 to Rs.3850 | Rs.8526.00 pIus 294.35 percent of basic pension in excess of Rs.2400.00 |
| (iii) | Rs.3851 to Rs.4100 | Rs.12794.07 pIus 172.55 percent of basic pension in excess of Rs.3850.00 |
| (iv) | Above Rs.4100 | Rs.13225.44 plus 91.35 percent of basic pension in excess of Rs.4100.00 |
PART-I
II
| ||
Dearness Relief to pensioners who retired on or after 1st day of April,1998.
| ||
| BASIC PENSION | ||
| Dearness relief for the months |
Slabs
| |
| August 2013 to January 2014 |
881
| |
| Average Index |
5211
| |
| (i) | Upto Rs.3550 | 211.44 percent. |
| (ii) | Rs.3551 to Rs.5650 | Rs.7506.12 plus 176.2 percent of basic pension in excess of Rs.3550.00 |
| (iii) | Rs.5651 to Rs.6010 | Rs.11206.32 plus 105.72 percent of basic pension in excess of Rs.5650 00 |
| (iv) | Above Rs.6010 | Rs.11586.91 plus 52.86 percent of basic pension in excess of Rs.6010.00 |
PART-IV
| |
| Dearness Relief to pensioners who retired on or after 1st day of November, 2002. | |
| Average Index (CPI) for quarter ended June 2013 | 5211 |
| No. of Slabs | 730 |
| Rate of dearness relief on pension for the months August 2013 to January 2014 | 131.40% of basic Pension |
| (ignore decimals from third place onwards) | |
PART-V
| |
Dearness Relief to pensioners who retired on or after 1st day of November, 2007.
| |
| Average Index (CPI) for quarter ended June 2013 | 5211 |
| No. of Slabs | 593 |
| Rate of dearness relief on pension for the months August 2013 to January 2014 | 88.95% of basic Pension |
| (ignore decimals from third place onwards) | |
Source : www.iba.org.in
[http://www.iba.org.in/Documents/scan0014.pdf]
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