Showing posts with label 10th Bipertite. Show all posts
Showing posts with label 10th Bipertite. Show all posts
Friday, January 1, 2016
Thursday, December 24, 2015
XTH BIPARTITE RETIREES-Revised pension Circular Contents
XTH BIPARTITE RETIREES MAY NOTE FOR THEIR REVISED PENSION
e-Circular
P&HRD.
Sl. No. : 1167/2015 - 16
Circular No. : CDO/P&HRD-PM/77/2015 - 16
Monday,December 21,2015.
30 Margshirsha 1937 (S).
All Branches / Offices of
State Bank of India,
Madam / Dear Sir,
STATE BANK OF INDIA EMPLOYEES’ PENSION FUND REGULATION-2014:
REVISION IN PENSION OF ELIGIBLE MEMBERS OF THE FUND WHO
RETIRED/RETIRE ON OR AFTER 1.11.2012
&
REVISION IN FAMILY PENSION IN RESPECT OF ELIGIBLE MEMBERS OF THE FUND WHO RETIRED/RETIRE ON OR AFTER 1.11.2012
The Executive Committee of Central Board in its meeting dated 16th December, 2015 have accorded approval for release of revised basic pension and dearness relief thereon to the eligible members of the fund, who retired/retire on or after 1.11.2012, pending amendments in State Bank of India Employees Pension Fund Rules now Regulations-2014 and for revision in family pension in respect of eligible members of the fund, who retired/retire on or after 1.11.2012.
2. In this connection, the details of revision in pension and effective dates are set out as under:--
(i) Amount of Basic Pension:-
The maximum amount of pension for members of the Fund eligible for pension, who retired/retire while in service or otherwise cease to be in employment on or after 1.11.2012, shall be computed as under:
a. Where the average of monthly substantive salary drawn during the last twelve months’ pensionable service is up to Rs 51,490/- p.m. (the maximum pay scale of JMGS-I)
at 50% of the average of monthly substantive salary drawn during the last twelve months’ pensionable service plus ½ of Professional Qualification Pay (PQP) plus ½ of increment component of Fixed Personal Pay (FPP), wherever applicable (pro-rata in the case of part-time employees)
b. Where the average of monthly substantive salary drawn during the last twelve months’ pensionable service is above Rs 51,490/- p.m. (the maximum pay scale of JMGS-I)
at 40% of the average of monthly substantive salary drawn during the last twelve months’ pensionable service subject to minimum of Rs 25,745/- p.m. plus ½ of Professional Qualification Pay (PQP) plus half of increment component of Fixed Personal Pay (FPP), wherever applicable (pro-rata in the case of part-time employees).
(ii) Amount of Dearness Relief:-
With effect from 01.11.2012, dearness relief on pension shall be granted at the same rate as is applicable in the industry i.e. dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every four points over 4440 points in the monthly average of All India Consumer price index for Industrial Workers in the series 1960=100 at the rate of 0.10 per cent per slab on the basic pension.
(iii) Commutation of pension:-
a) The commutation of pension on the revised pension may be allowed with effect from 01.11.2012.
b) The pensioners who have opted for commutation, on or after 01.11.2012, shall be eligible for commutation up to lump sum payment of the fraction not exceeding 1/3rd of the revised pension. However, if a pensioner had availed of commutation up to a particular fraction of the pension within the overall ceiling, as above, he will be entitled to avail of the additional amount of commutation to the extent of the difference on the basis of the fraction so specified. Accordingly, the pensioners eligible for additional commutation value would be advised of their eligibility and be further advised that they have to inform the bank about their option for such commutation within 90 days from the date of receipt of the advice about their eligibility. If the pensioner does not inform the Bank about his option within the stipulated period as above, he will forgo his right to claim commutation.
c) In case of deceased pensioner eligible for additional commutation, the legal heirs are eligible to receive the commutation value of specified portion of the enhanced pension that the pensioner had specified in his original application for commutation. So the legal heirs would be advised to receive arrears of pension payable to the deceased pensioner with the request to receive it after completion of usual formalities.
(iv) Fixation of pension in respect of retirees whose past 12 months fall partly in pre-revised scale and partly revised pay scale:-
Several pensioners have retired drawing partly pre-revised (pre 01.11.2012 salary scales) and partly revised pay (effective from 01.11.2012) consequent to last salary revision w.e.f. 01.11.2012. For these pensioners, existing instructions shall continue which provide for calculation of average pay in past 12 months prior to retirement on the basis of salary as per the 9th Bipartite for the period prior to 01.11.2012 and for the remaining months on the basis of 10th Bipartite pay scales. A sample calculation is given as Annexure-I.
(v) The payment of pension as above will be provisional, pending amendments to the State Bank of India Employees’ Pension Fund Regulations, 2014. After amendments to the Pension Fund Regulations,
if there is any difference in the actual payment which should have been made, the said difference will be adjusted from the future amount of Pension payable to the retirees.
3. Further, revision in family pension in respect of eligible members of the Fund, who retired/retire on or after 1.11.2012 are set out, as under:
(i) Amount of monthly family pension:-
other than part-time employees):
Scale of pay per month
Amount of monthly family pension Up to Rs 11,100
30 per cent of the ‘pay’ subject to a Minimum of Rs 2,785 per month.
Rs 11,101 to Rs 22,200 20 per cent of the ‘pay’ subject to a Minimum of Rs 3,422 per month.
Above Rs 22,200, 15 per cent of the ‘pay’ subject to a Minimum of Rs 4,448 per month and Maximum of Rs 9,284 per month.
Note:- In the case of part-time employees, the minimum amount of family pension and the maximum amount of family pension shall be in proportion to the rate of scale wages drawn by the employee.
(ii) Minimum Pension:-
In respect of employees other than part-time employees, who retired on or after 01.11.2012, the amount of minimum pension shall be Rs 2,785 p.m. In respect of part-time employees who retired on or after 01.11.2012, the minimum pension payable shall be Rs 932 p.m. in respect of part-time employees drawing 1/3 scale wages, Rs 1,397 p.m. in respect of part-time employees drawing ½ scale wages and Rs 2,096 p.m. in respect of part-time employees drawing ¾ scale wages.
(iii) A letter of undertaking will be taken from the pensioner/ member(s) of the family pension in the prescribed format as per
‘Annexure-II’, to enable the Pension Fund to make adjustments, if any, at a later date.
4. PPG Department of all Local Head Offices should calculate the revised pension/ family pension and dearness relief thereon in all eligible cases and send their recommendations to PPG Department, Corporate Centre for approval of individual cases by the Trustees.
5. Please arrange to bring the contents of this circular to the knowledge of all concerned.
Annexure-I
For the calculation of average emoluments and Basic Pension in respect of the employees retired between 01.11.2012 and 30.09.2013, following adjustment is proposed (in terms of IBA letter no. CIR/HR&IR/G2/2015-16/874 dated 08th June, 2015):
a. For the period of service prior to 01.11.2012, average emoluments will comprise ‘Pay’ as per 9th Bipartite pay scales plus Dearness Allowance payable @ 0.15% for every slab of 4 points over and above the Index numbers 2836 points and up to 4440 points in All India CPI 1960=100 i.e. 60.15% (A)
b.. For the service rendered on or after 01.11.2012 up to the date of retirement, ‘Pay’ as per 10th Bipartite pay scales (B)
c. Average emoluments for the preceding 12 months of retirement: (A+B)/12
2. Model calculation for an officer employee retired on 31.05.2013 having 33 years of qualifying service with Basic Pay of Rs. 42,020/- as on the date of retirement):
1For the period of service prior to 01.11.2012 i.e. from 1.06.2012 to 31.10.2012 (5 months):
i.
‘Pay’ as per 9th Bipartite Wage Settlement
25,700*5=1,28,500.00
ii.
Dearness Allowance payable @0.15% for every slab of 4 points over and above the Index numbers 2836 points and up to 4440 points in All India CPI 1960=100 (4440-2836=1604/4=401 slabs * 0.15 i.e. 60.15% 15,458.55*5=77,292.75
Total of i. + ii. above 2,05,792.75 (A)
2. For the service rendered on or after 01.11.2012 up to the date of retirement, corresponding revised i.e. 31.05.13 (7 months):
i.
‘Pay’ as per 10th Bipartite Wage Settlement 42,020*7=2,94,140.00
(B)
Total of (A) and (B) 4,99,932.75 (C)
3. Average emoluments for the preceding 12 months of retirement: 4,99,932.75 / 12 = 41,661.06
(D)
Annexure-II
To,
The Branch Manager/Manager
State Bank of India,
______________
________________
Madam/Dear Sir,
Revision in Pension in respect of those employees of SBI who
retired/retire on or after 1.11.2012
I am presently drawing Pension/Family Pension through your _____________ Branch/Office in __________________________Circle and my pension reference No. is _________________________.
I am eligible to get increase in monthly pension/family pension being paid to me on account of the recent revision of pension in respect of those employees who retired/retire on or after 1.11.2012, w.e.f. 1.11.2012. I request you to pay me such revised pension at your earliest. I understand that you are agreeable to release such revised pension, pending amendments in SBI Employees’ Pension Fund Regulations, 2014.
In this connection, I hereby irrevocably authorize you to make any recoveries/adjustments out of my future pension, if it is revealed at any time that I have been paid such increased pension wrongly or inadvertently. I undertake to repay the amount immediately on demand, in lump sum. In the event, I do not repay the said amount when demanded; the Bank will be entitled to recover the said amount by debit to my/our account/pension account. This undertaking/authority is irrevocable and binding upon me/my legal heirs/nominees as well.
I am also aware that revised pension being paid to me shall be effective from 1.11.2012 and that no arrears prior to said date are payable to me.
Yours faithfully,
_______________
Date: (name of the pensioner/member(s)
e-Circular
P&HRD.
Sl. No. : 1167/2015 - 16
Circular No. : CDO/P&HRD-PM/77/2015 - 16
Monday,December 21,2015.
30 Margshirsha 1937 (S).
All Branches / Offices of
State Bank of India,
Madam / Dear Sir,
STATE BANK OF INDIA EMPLOYEES’ PENSION FUND REGULATION-2014:
REVISION IN PENSION OF ELIGIBLE MEMBERS OF THE FUND WHO
RETIRED/RETIRE ON OR AFTER 1.11.2012
&
REVISION IN FAMILY PENSION IN RESPECT OF ELIGIBLE MEMBERS OF THE FUND WHO RETIRED/RETIRE ON OR AFTER 1.11.2012
The Executive Committee of Central Board in its meeting dated 16th December, 2015 have accorded approval for release of revised basic pension and dearness relief thereon to the eligible members of the fund, who retired/retire on or after 1.11.2012, pending amendments in State Bank of India Employees Pension Fund Rules now Regulations-2014 and for revision in family pension in respect of eligible members of the fund, who retired/retire on or after 1.11.2012.
2. In this connection, the details of revision in pension and effective dates are set out as under:--
(i) Amount of Basic Pension:-
The maximum amount of pension for members of the Fund eligible for pension, who retired/retire while in service or otherwise cease to be in employment on or after 1.11.2012, shall be computed as under:
a. Where the average of monthly substantive salary drawn during the last twelve months’ pensionable service is up to Rs 51,490/- p.m. (the maximum pay scale of JMGS-I)
at 50% of the average of monthly substantive salary drawn during the last twelve months’ pensionable service plus ½ of Professional Qualification Pay (PQP) plus ½ of increment component of Fixed Personal Pay (FPP), wherever applicable (pro-rata in the case of part-time employees)
b. Where the average of monthly substantive salary drawn during the last twelve months’ pensionable service is above Rs 51,490/- p.m. (the maximum pay scale of JMGS-I)
at 40% of the average of monthly substantive salary drawn during the last twelve months’ pensionable service subject to minimum of Rs 25,745/- p.m. plus ½ of Professional Qualification Pay (PQP) plus half of increment component of Fixed Personal Pay (FPP), wherever applicable (pro-rata in the case of part-time employees).
(ii) Amount of Dearness Relief:-
With effect from 01.11.2012, dearness relief on pension shall be granted at the same rate as is applicable in the industry i.e. dearness relief shall be payable for every rise or be recoverable for every fall, as the case may be, of every four points over 4440 points in the monthly average of All India Consumer price index for Industrial Workers in the series 1960=100 at the rate of 0.10 per cent per slab on the basic pension.
(iii) Commutation of pension:-
a) The commutation of pension on the revised pension may be allowed with effect from 01.11.2012.
b) The pensioners who have opted for commutation, on or after 01.11.2012, shall be eligible for commutation up to lump sum payment of the fraction not exceeding 1/3rd of the revised pension. However, if a pensioner had availed of commutation up to a particular fraction of the pension within the overall ceiling, as above, he will be entitled to avail of the additional amount of commutation to the extent of the difference on the basis of the fraction so specified. Accordingly, the pensioners eligible for additional commutation value would be advised of their eligibility and be further advised that they have to inform the bank about their option for such commutation within 90 days from the date of receipt of the advice about their eligibility. If the pensioner does not inform the Bank about his option within the stipulated period as above, he will forgo his right to claim commutation.
c) In case of deceased pensioner eligible for additional commutation, the legal heirs are eligible to receive the commutation value of specified portion of the enhanced pension that the pensioner had specified in his original application for commutation. So the legal heirs would be advised to receive arrears of pension payable to the deceased pensioner with the request to receive it after completion of usual formalities.
(iv) Fixation of pension in respect of retirees whose past 12 months fall partly in pre-revised scale and partly revised pay scale:-
Several pensioners have retired drawing partly pre-revised (pre 01.11.2012 salary scales) and partly revised pay (effective from 01.11.2012) consequent to last salary revision w.e.f. 01.11.2012. For these pensioners, existing instructions shall continue which provide for calculation of average pay in past 12 months prior to retirement on the basis of salary as per the 9th Bipartite for the period prior to 01.11.2012 and for the remaining months on the basis of 10th Bipartite pay scales. A sample calculation is given as Annexure-I.
(v) The payment of pension as above will be provisional, pending amendments to the State Bank of India Employees’ Pension Fund Regulations, 2014. After amendments to the Pension Fund Regulations,
if there is any difference in the actual payment which should have been made, the said difference will be adjusted from the future amount of Pension payable to the retirees.
3. Further, revision in family pension in respect of eligible members of the Fund, who retired/retire on or after 1.11.2012 are set out, as under:
(i) Amount of monthly family pension:-
other than part-time employees):
Scale of pay per month
Amount of monthly family pension Up to Rs 11,100
30 per cent of the ‘pay’ subject to a Minimum of Rs 2,785 per month.
Rs 11,101 to Rs 22,200 20 per cent of the ‘pay’ subject to a Minimum of Rs 3,422 per month.
Above Rs 22,200, 15 per cent of the ‘pay’ subject to a Minimum of Rs 4,448 per month and Maximum of Rs 9,284 per month.
Note:- In the case of part-time employees, the minimum amount of family pension and the maximum amount of family pension shall be in proportion to the rate of scale wages drawn by the employee.
(ii) Minimum Pension:-
In respect of employees other than part-time employees, who retired on or after 01.11.2012, the amount of minimum pension shall be Rs 2,785 p.m. In respect of part-time employees who retired on or after 01.11.2012, the minimum pension payable shall be Rs 932 p.m. in respect of part-time employees drawing 1/3 scale wages, Rs 1,397 p.m. in respect of part-time employees drawing ½ scale wages and Rs 2,096 p.m. in respect of part-time employees drawing ¾ scale wages.
(iii) A letter of undertaking will be taken from the pensioner/ member(s) of the family pension in the prescribed format as per
‘Annexure-II’, to enable the Pension Fund to make adjustments, if any, at a later date.
4. PPG Department of all Local Head Offices should calculate the revised pension/ family pension and dearness relief thereon in all eligible cases and send their recommendations to PPG Department, Corporate Centre for approval of individual cases by the Trustees.
5. Please arrange to bring the contents of this circular to the knowledge of all concerned.
Annexure-I
For the calculation of average emoluments and Basic Pension in respect of the employees retired between 01.11.2012 and 30.09.2013, following adjustment is proposed (in terms of IBA letter no. CIR/HR&IR/G2/2015-16/874 dated 08th June, 2015):
a. For the period of service prior to 01.11.2012, average emoluments will comprise ‘Pay’ as per 9th Bipartite pay scales plus Dearness Allowance payable @ 0.15% for every slab of 4 points over and above the Index numbers 2836 points and up to 4440 points in All India CPI 1960=100 i.e. 60.15% (A)
b.. For the service rendered on or after 01.11.2012 up to the date of retirement, ‘Pay’ as per 10th Bipartite pay scales (B)
c. Average emoluments for the preceding 12 months of retirement: (A+B)/12
2. Model calculation for an officer employee retired on 31.05.2013 having 33 years of qualifying service with Basic Pay of Rs. 42,020/- as on the date of retirement):
1For the period of service prior to 01.11.2012 i.e. from 1.06.2012 to 31.10.2012 (5 months):
i.
‘Pay’ as per 9th Bipartite Wage Settlement
25,700*5=1,28,500.00
ii.
Dearness Allowance payable @0.15% for every slab of 4 points over and above the Index numbers 2836 points and up to 4440 points in All India CPI 1960=100 (4440-2836=1604/4=401 slabs * 0.15 i.e. 60.15% 15,458.55*5=77,292.75
Total of i. + ii. above 2,05,792.75 (A)
2. For the service rendered on or after 01.11.2012 up to the date of retirement, corresponding revised i.e. 31.05.13 (7 months):
i.
‘Pay’ as per 10th Bipartite Wage Settlement 42,020*7=2,94,140.00
(B)
Total of (A) and (B) 4,99,932.75 (C)
3. Average emoluments for the preceding 12 months of retirement: 4,99,932.75 / 12 = 41,661.06
(D)
Annexure-II
To,
The Branch Manager/Manager
State Bank of India,
______________
________________
Madam/Dear Sir,
Revision in Pension in respect of those employees of SBI who
retired/retire on or after 1.11.2012
I am presently drawing Pension/Family Pension through your _____________ Branch/Office in __________________________Circle and my pension reference No. is _________________________.
I am eligible to get increase in monthly pension/family pension being paid to me on account of the recent revision of pension in respect of those employees who retired/retire on or after 1.11.2012, w.e.f. 1.11.2012. I request you to pay me such revised pension at your earliest. I understand that you are agreeable to release such revised pension, pending amendments in SBI Employees’ Pension Fund Regulations, 2014.
In this connection, I hereby irrevocably authorize you to make any recoveries/adjustments out of my future pension, if it is revealed at any time that I have been paid such increased pension wrongly or inadvertently. I undertake to repay the amount immediately on demand, in lump sum. In the event, I do not repay the said amount when demanded; the Bank will be entitled to recover the said amount by debit to my/our account/pension account. This undertaking/authority is irrevocable and binding upon me/my legal heirs/nominees as well.
I am also aware that revised pension being paid to me shall be effective from 1.11.2012 and that no arrears prior to said date are payable to me.
Yours faithfully,
_______________
Date: (name of the pensioner/member(s)
Friday, May 22, 2015
Senior Comrades Loosers---Pension anomaly!
JUST CHECK THE PENSION ANOMALY
________________________________
HOW THE SENIORS ARE CHEATED IN THIS AGREEMENT________________________________
1) According to the Agreement 2% loading effect on Basic Pay which should be 15%
Senior Comrades Loosers---Pension anomaly!., the term used in Government Department.
2) Those who are retiring or going to retire after 1/11/2012 to 21/10/2017 are totally ignored of this agreement benefit but they are at loss.
3 ) Senior most employess just as Special Assisstants and Senior special Assistans in State Bank of India .
4) If B.P is loaded with 15% These employess
According to 9th B.P.S 10th B.P.S if increase 15%
Nov 2012 Nov. 2012 Nov. 2012
imcrease
Basic Pay 24900 40710
Total Pay for pemsion 28110 45960 51770
total pay for pension 14055 22080 25885
Total Per.Month Pension 20122 17824 20078 2254 loss
With DA of May 2015 24028 23064 25980 2916 (loss)
110.10%
The Real Loss to the enployees....in this 10th Bipertite
Senior employees ko Jo pension 9th Bipertite meiN mil rahi tha us se bhi kam ab 10th Bipertite meiN ab milegi...i.e
if in B.P.S increase if in B.P.S Increase is
is 2% loss pm 15% loss pm
in 9th Bipertite meiN
your pension 24028
in 10th B.P.S
your pensiom 23064 2916
*Source Bank Kumar
Wednesday, May 20, 2015
Revised FPP?
What is the revised FPP ....
If the principle adopted in 9th BPS is followed this time also, new FPP
(Fixed Personal Pay) will be the last increment in your revised scale
plus D.A. as on 01-11-2012 (which was at 76.50% p.a.). So, the new FPP
will be 1.7650 times the last increment in your revised pay scale.
Note :- Such
employee who joined bank before 01.11.1993 are eligible for FPP. FPP
contains the component of last increment before reaching maximum of the
stage, Revised D.A. as on 01.11.2012 (i.e. 10.9%) and component of HRA
as payable in accordance with area category. But only incremental
component is considered for superannuation benefits (i.e. for PF Pension
and Gratuity etc.)
Increase as on Nov 2012 Clerical
Just see the difference .....A short Course
How much Increse? (As on November 2012) on 9th B.P.S - 10th B.P.S
A person Newly Joined :- Clerical at the start Graduate
9th B.P.S 10th B.P.S
Nov. 2012 Nov, 2012
1. Basic 8000 13075
2. Special Pay 500 820
3. Spl Allownace(7.75% of 0 1013
Basic Pay)
4. D.A (76.5%)/10.90% on 6120 1624
B..P+spl.pay+Spl Allow.
5. H.R.A (7 %)/7.5% on 595 1042
Basic Pay+Spl.pay
6. Conv. Allow. 225 425
7. Gross Salary 15440 17999
Difference 17999-15440 = 2559
Increase 16.57%
++++++++++++++++++++++++++++++++++++++++++++
At maximum Of Scale ..
4. D.A (76.5%)/10.90% on 6120 1624
B..P+spl.pay+Spl Allow.
5. H.R.A (7 %)/7.5% on 595 1042
Basic Pay+Spl.pay
6. Conv. Allow. 225 425
7. Gross Salary 15440 17999
Difference 17999-15440 = 2559
Increase 16.57%
++++++++++++++++++++++++++++++++++++++++++++
At maximum Of Scale ..
9th B.P.S 10th B.P.S
Nov. 2012 Nov, 2012
1. Basic 24900 40710
2. Special Pay 1180 1930
3. Spl Allownace(7.75% of 0 3155
Basic Pay)4. PQP (5) 1230 2010
5. D.A (76.5%)/10.90% on 20892 5210
B..P+spl.pay+Spl Allow.
6. H.R.A (7 %)/7.5% on 1911 3348
Basic Pay+Spl.pay
7. F.P.A Last increment 915 1550
+D.A& HRA on Nov.2012)
8. Conv. Allow. 275 470
9. Gross Salary 51303 58383
Difference 58383-51303 = 7080
Increase 13.80%
++++++++++++++++++++++++++++++++++++++++++++++++
Read DA HRA
__________
Old rate 76.5% 7%
New rate =10.90% 7.5%
Gross Calculations ... some variations may be there
Tuesday, May 19, 2015
Gross Distribution chart
Some information from AIBEA
For the information of our Members
-------------------------------------------------------------------------
Today, the distribution chart has been signed between IBA and our Unions covering the allocation to various heads. Payscales and Allowances are as under:
. Pay Scales: from 1-11-2012
Clerk: 11765 – 655/3 –815/3 –980/3 –1145/7 –2120 –1310/1– 31540 – 1310 x 8 = 42,020
Substaff : 9560 – 325/4 – 410 /5 – 490/4 – 570/3 – 655/3 – 18545 – 655 x 8 = 23785
Stagnation increments: 8 : Substaff: 8 x 2 years ; Clerk : 5 x 3 years + 3 x 2 years
. Dearness Allowance: 0.10 % per slab of 4 points over 4440 points
. HRA : 45 lacs and above: 10 % ; 12-45 lacs & Goa : 9 % ; other centres : 7.5 %
. Transport Allowance: upto 15th Stage : Rs. 425 and others : Rs. 470
. Special Pay:
i) SWO-B: 820; Head cashier: 1280; Spl. Asst. 1930
ii) Armed Guard/Bill Collector: 390; Daftary: 560; Head Peon: 740; Driver: 2370; Electrician/AC Plant Helper: 2040, Head messenger in IOB: 1630
. PQP : Rs. 410, 800, 1210 , 1620, 2010
. FPP : Clerk: Rs. 1310 / 1580, 1570, 1550, 1550 / 1450
Substaff: Rs. 655 / 790, 890, 780, 780 / 730
. Medical Aid : Rs. 2200 per year
. Special Allowance ( new allowance ) :
7.75 % of Basic pay; DA is payable on this allowance
The full Settlement is under preparation and is expected to be signed on the 25th May, 2015 (Monday).
Flash: Yesterday, RBI has given its in principle ok for implementing Full holidays on 2nd and 4th Saturday. Matter is being expedited with the Government now
Signing of 10th BPS by 23rd May 2015 May Not Happen In view of Acceptance of Writ of WE BANKERS and Ignoring the Issues of Retired Bankers by IBA and UFBU-By Rajesh Goyal -20.05.2015
New DA as per 10th BPS :
Nov-2012 10.90%
Feb-2013 13.40%
May-2013 16.00%
Aug-2013 19.20%
Nov-2013 24.00%
Feb-2014 26.50%
May-2014 24.90%
Aug-2014 28.20%
Nov-2014 33.10%
Feb-2015 33.30%
May-2015 33.70%
For the information of our Members
-------------------------------------------------------------------------
Today, the distribution chart has been signed between IBA and our Unions covering the allocation to various heads. Payscales and Allowances are as under:
. Pay Scales: from 1-11-2012
Clerk: 11765 – 655/3 –815/3 –980/3 –1145/7 –2120 –1310/1– 31540 – 1310 x 8 = 42,020
Substaff : 9560 – 325/4 – 410 /5 – 490/4 – 570/3 – 655/3 – 18545 – 655 x 8 = 23785
Stagnation increments: 8 : Substaff: 8 x 2 years ; Clerk : 5 x 3 years + 3 x 2 years
. Dearness Allowance: 0.10 % per slab of 4 points over 4440 points
. HRA : 45 lacs and above: 10 % ; 12-45 lacs & Goa : 9 % ; other centres : 7.5 %
. Transport Allowance: upto 15th Stage : Rs. 425 and others : Rs. 470
. Special Pay:
i) SWO-B: 820; Head cashier: 1280; Spl. Asst. 1930
ii) Armed Guard/Bill Collector: 390; Daftary: 560; Head Peon: 740; Driver: 2370; Electrician/AC Plant Helper: 2040, Head messenger in IOB: 1630
. PQP : Rs. 410, 800, 1210 , 1620, 2010
. FPP : Clerk: Rs. 1310 / 1580, 1570, 1550, 1550 / 1450
Substaff: Rs. 655 / 790, 890, 780, 780 / 730
. Medical Aid : Rs. 2200 per year
. Special Allowance ( new allowance ) :
7.75 % of Basic pay; DA is payable on this allowance
The full Settlement is under preparation and is expected to be signed on the 25th May, 2015 (Monday).
Flash: Yesterday, RBI has given its in principle ok for implementing Full holidays on 2nd and 4th Saturday. Matter is being expedited with the Government now
Signing of 10th BPS by 23rd May 2015 May Not Happen In view of Acceptance of Writ of WE BANKERS and Ignoring the Issues of Retired Bankers by IBA and UFBU-By Rajesh Goyal -20.05.2015
New DA as per 10th BPS :
Nov-2012 10.90%
Feb-2013 13.40%
May-2013 16.00%
Aug-2013 19.20%
Nov-2013 24.00%
Feb-2014 26.50%
May-2014 24.90%
Aug-2014 28.20%
Nov-2014 33.10%
Feb-2015 33.30%
May-2015 33.70%
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