Dearness Relief payable to Pensioners for the period august 2016 to January 2017
India Banks Association
HR & Industrial Relations
No.CIR/HR&IR/D/G2/2016-17/772
August 1, 2016
Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on pension
Dear sir,
Dearness Relief payable to Pensioners for the period august 2016 to January 2017
The confirmed All India Average consumer Price Index Numbers for Induustrial workers (Base 1960=100) for the quarter ended June, 2016 are as follows:-
April 2016 – 6185.82
May 2016 – 6277.12
June 2016 – 6322.77
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 2016 to January 2017 as per Annexure.
Yours faithfully,
Sd/-
K.S.chauhan
Senior vice President
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PART – I |
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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 |
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Basic Pension |
Dearness Relief for the months |
Slabs |
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August 2016 to January 2017 |
1415 |
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Average Index |
6261 |
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(i) |
Upto Rs. 1250 |
948.05 Percent.
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(ii) |
Rs.1251 to Rs.2000 |
Rs. 11850/62 Plus 778.25 Percent Of basic pension in excess of Rs.1250.00
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(iii) |
Rs.2001 to Rs.2130 |
Rs. 17687.49 Plus 466.95 Percent Of basic pension in excess of Rs.2000.00
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(iv) |
Above Rs.2130 |
Rs.18294.52 Plus 240.55 Percent Of basic pension in excess of Rs.2130.00
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PART – II |
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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 |
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Basic Pension |
Dearness Relief for the Months |
Slabs |
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August 2016 to January 2017 |
1415 |
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Average Index |
6261 |
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(i) |
Upto Rs.1250 |
948.05 Per cent |
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(ii) |
Rs.1251 to Rs.2000 |
Rs.11850.62 Plus 778.25 Percent Of basic pension in excess of Rs.1250.00 |
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(iii) |
Rs.2001 to Rs.2130 |
Rs.17687.49 Plus 466.95 Percent Of basic pension in excess of Rs.2000.00 |
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(iv) |
Above Rs.2130 |
Rs.18294.52 Plus 240.55 Percent Of basic pension in excess of Rs.2130.00 |
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PART – III |
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Dearness Relief to pensioners who retired on or after 1st day of April, 1998. |
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Basic pension |
Dearness relief for the months August 2016 to January 2017 Average Index |
Slabs
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1144 |
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6261 |
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(i) |
Upto Rs.3550 |
274.56 Percent
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(ii) |
Rs.3551 to Rs.5650 |
Rs.9746.88 Plus 228.8 Percent Of basic pension in excess of Rs.3550.00
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(iii) |
Rs.5651 to Rs.6010 |
Rs.14551.68 Plus 137.28 Percent Of basic pension in excess of Rs.5650.00
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(iv) |
Above Rs.6010 |
Rs.15045.88 Plus 68.64 Percent Of basic pension in excess of Rs.6010.00
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Part-IV |
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Dearness Relief to Pensioners who retired on or after 1st day of November, 2002 |
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Average Index (CPI) for quarter ended June 2016 6261 |
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No.of Slabs 993 |
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Rate of dearness relief on pension for the months August 178.74% of basic pension 2016 to January 2017 |
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Part-V |
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Dearness Relief to Pensioners who retired on or after 1st day of November, 2007. |
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Average Index (CPI) for quarter ended June 2016 6261 |
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No.of Slabs 856 |
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Rate of dearness relief on pension for the months August 128.40% of basic pension 2016 to January 2017 |
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Part-VI |
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Dearness Relief to pensioners who retired on or after 1st day of November, 2012 |
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Average Index (CPI) for quarter ended June 2016 6261 |
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No.of slabs 455 |
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Rate of dearness relief on pension for the months August 45.50% 2016 to January 2017 |
OM PRAKSH JAT says
So for I HAVE NOT RECEIVED A SINLE RUPEE FOR OROP PENSION ARREARS FIRST INSTALLMENT AND PRE-2006 PENSENNER ARREARS OF PBOR LESSER PENSION THAN 50% PENSION RECEIVED THN ACTUAL PENSION ENTITLEMENT AS PER CIRCULARS 547,430 AND 501 FOR DEFENCE SERVICES. MY PARTICULARS AS FOLLOWS :-
PPO NO. – 09/97/85/B-236. RANK : CH.MECH. INDIAN NAVY. QUALIFYING SERVICE – 19 AND HALF YEARS. PENSION CATEGORY – SERVICE PENSION. DATE OF BIRTH – 10-04-1948. BANK A/C NO.51044273842. BANK THE STATE BANK OF BIKANER AND JAIPUR BRANCH – CHIRAWA10128,DISTT. – JHUNJHUNU (RAJASTHAN) PIN 333 026.DATE JOINED THE SERVICE 18-07-1966 AND DATE RETIRED FROM SERVICE -31-12-1985.