RBREA MLY HM HITGUJ AUGUST 2019
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1)DR increase rates :
The rates of Dearness Relief on Pension / Family Pension /
Ex- Gratia for the period August 2019 to January 2020 shall
be worked out as under:
.The Dearness Relief in respect of all Pensioners:
68.10% of basic pension.
. The Dearness Relief in respect of all Family Pensioners:
162.30% of family pension.
. The Dearness Relief in respect of Ex-gratia Recipients:
1099.47%.
2)LAST OPTION FOR CPF OPTEES
(Reproduced below is the text of a letter addressed to the Governor
th by the United Forum on 5 August 2019)
We draw your kind attention to our letter dated 20th
June 2019 (copy enclosed for ready reference) soliciting an
audience with you on the issue of one last option to the few CPF
Retainers (in service and retired totalling about 2,500 in the
Bank.
We hereby reiterate that request of ours for an early
meeting, if possible before the next meeting on the Central
Board of the Bank, being held presumably on 16th August
2019.
After our long pending pension updation issue was
clinched by your kind efforts and Government's concurrence,
there is an atmosphere of bonhomie and gratification amongst
large number of pensioners. But the CPF optees are in dire
strait. With rise in price index the pensioners are being
compensated by increase in dearness relief, while with the
marker interest rate(s) coming down precipitously, the meagre
P.F. accumulation of non-pensioners is earning less and less.
For them, running their family, bearing ever-rising medical costs
and other expenses of the old age is becoming unbearable and
pushing them to utter ruination.
We fervently request you to kindly sympathize with
these few employees / retirees of the Bank and allow them to
come under Ban's pension scheme and for many to save their
lives.
Even though you are perfectly aware of their woes and
distress and empathises with them we may be granted an
opportunity to meet you briefly and in person.
3)Shri Shaktikantji Das
The Governor Reserve Bank of India
Central Office
Mumbai- 400 001
Respected Sir,
GRANT OF ADDITIONAL PENSION & FAMILY PENSION
At the outset we express our happiness that under your able leadership, our Bank is making efforts through monetary policy
to give impetus to our Indian economy. We also submit following in the matter of additional pension and family pension to super
seniors, for your kind consideration.
2. Sir, GOI had accepted recommendations of Sixth Central Pay Commission (CPC) for additional pension and family
pension to super seniors on following scales and implemented it vide memorandum F No. 38/37/08-P & PW (A) dated 2nd September
2008 (copy enclosed).
3. The Sixth CPC , effective from 1st January 2006, has given in their report rationale and logic for additional Pension and
Family Pension stating that Older Pensioners require a better deal because their needs, especially those relating to health, increase
with age. After the introduction of additional Pension & Family Pension in GOI a pretty long period of 131/2 years has already elapsed.
The rationale and logic given in the case of GOI pensioners is equally applicable to RBI Pensioners and Family Pensioners who are
eagerly awaiting additional pension for the period of last 131/2 years. It is unfortunate that in spite of fervent appeals during the said
period to the concerned, no justice has yet been delivered to this unfortunate lot. It is a sheer injustice on them.
On attaining Addl.
age of of basic pension of family pension
80 years 20% 20%
85 years 30% 30%
90 years 40% 40%
95 years 50% 50%
100 years 100% 100%
4. In this regard the Bank has unbridled powers under RBI Pension Regulations, 1990. Besides, GOI has accepted the
special status of RBI while revising the pension in the last March 2019. It would be pertinent to quote following from para 32 of the
Twentieth Report of Subordinate Legislation Committee of the Lok Sabha. "The Committee strongly feel that the independence of
institution like RBI is vital and the decision making in the service matters of the Bank etc. should exclusively fall within the domain of the
RBI." Sir, you may, therefore, keep in your view these points for your kind considerations.
5. Further, granting of additional pension and family pension could be easily managed by the Bank within the pension fund
balance of Rs. 15,831crores as on 30th June 2018. The population of pensioners and family pensioners who have completed the age
of 80 years and above would also be very limited. They would certainly give blessings in the event of grant of additional pension. We
may add that those who joined RBI w.e.f. 1-1-2012 and onwards have no claim on the said fund since they are covered under a
separate new pension scheme.
6. One more important point in the above referred memorandum of the GOI may please be referred here that the GOI
employees dying in harness get double family pension for 10 years whereas in RBI it is for only7 years. This is effective in Central
Govt. since 1st January 2006. As such a period of 131/2 years has also elapsed and injustice is caused to such lot of bereaved families,
in the matter of family pension. It is a big loss to them when they needed helping hand from the Bank.
In view of above we earnestly request you to grant
.Additional basic pension,
.Additional family pension, and
.Double family pension for 10 years
to seniors of 80 years and above age and also family pensioners who have lost their bread earners while they were in the Bank's
service.
It may please be at least in term of the Central Govt. memorandum F No. 38/37/08-P& PW (A) dated 2nd September
2008.
Sir, we look forward for your kind justice.
Yours faithfully,
L R Parab
General Secretary
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