DEAR ALL,
In the context of the scheme of upgradation of pension implemented by the RBI,I undertook an exercise to arrive at the accumulated loss in gross pension for the various generations of retirees in the cadres from Assistant to Executive Director and also for Development Officers even though the RBI scheme is prospective in nature.
For this purpose, I took the Basic Pension at the maximum of the scale in the various cadres for various periods and ignored commutation of pension and also the component of Fixed Personal Allowance.
The magnitude of losses is astronomical ranging from a minimum loss of Rs 13.5 lks for a pre-August 1997 Assistant to a maximum loss of Rs 60.3 lks for a pre-April 1993 retiree- Executive Director.
With each month passing without upgradation of pension, the cumulative losses are mounting and already thousands of older generation pensioners have exited the world during the .last 0ver 22 years without receiving justice.
Even the partial relief granted by Delhi High Court in its judgment to pre-August 1997 retirees has not gone far to reduce the losses and the accumulated losses might have at the most been reduced by the arrears of DR received on implementation of the judgment.The figures of cumulative losses have been worked out after taking into account the changes in DR rates as per the DHC judgment.
Considering that only about 3630 retirees have received DR arrears,the large number of over 12000 pensioners in the pre-August 1997 category have at least been lucky to escape recovery of the 40% interim relief paid pursuant to the Supreme Court order dated 31/3/2016,having not received DR arrears for the reason that their Basic Pension might have been less than 2130 or 3850 under Group 1 & Group 2 of retirees respectively.
Now we need to explore how well we can utilise this data of cumulative loss in the Supreme Court when the hearings resume .
No comments:
Post a Comment