A CLASSIC & COMPREHENSIVE CIRCULAR & WRITEUP FROM UNION BANK STAFF RETIREES ASSN, TAMIL NADUWhat an Extensive Coverage without omitting any detail & hitting the nail on the head
UBSRAssn Circular with rich annexures
Each Annexure worth its weight in gold,Brilliant Statistical comparison,Pensioners
harassed in many ways,Tremendous Loss of DR & without Pension Upgradation,We
pensioners will be aghast if tentative 7th Pay Commission Scales are gone thro,3 times
6th Pay Commission, Are the Payscales touching the Roof ? Milking the Kamadhenu
of Financial Sector,Banking & Insurance,denying them modest,legitimate
demands,years & decades roll by,heavy financial burden due to prolonged litigation
but UOI with such heavy fiscal deficit on a merrygoround for Govt Employees
,Bureaucrats.WHY THIS DICHOTOMY,WHY THIS STEPMOTHERLY
TREATMENT TO MOST DESERVING
SEGMENT OF SOCIETY,WHO ARE THE PILLARS IN NATION-BUILDING,YET
SIDETRACKED ,MAULED & MAIMED,If FM Sri Arun Jaitley stated in 46th
Labour conference that rich institutions deserve higher wage scales & so too if Govt
is made richer, Govt can announce good wages to labour force,let him be true to his
words in letter & spirit & resolve many major pending problems hanging for
eternity,with mounting deaths of pensioners & none to wipe the tears of the widow.Let
that day dawn soon.
UNION BANK RETIRED STAFF ASSOCIATION-TAMILNADU(Affiliated to AIUBRF and AIBRF)C/O KALYAN ENTERPRISESOld No. 5, Kamarajnagar II Street, 80 feet road, Sathya gardensCircular 105/15 06/08/2015To all the membersWe regret very much to inform the sudden demise of the following personalities and our own comrades:1. Mr. A.P.J. Abdul Kalam our Past President and a source of inspiration to youngsters2. Mr. M.S. Viswanathan legendary music director3. Mr. Srinivasa Rangan, who worked in computer cell, staff college etc4. Mr. Kannan, who worked in audit department and in Kottampatti branch5. Mr. Vidhyashankar, Retired Special AssistantAssociation dips its banner as a mark of respect to the departed souls. May their souls rest in peace.PASTComrades, this is in continuation of earlier circular 103/05 dated 24/6/2015. The circular may be lengthy, as this will give an insight into the demands pertaining to the retiring community and justifications thereof.. Kindly go through the circular with patience.Comrades would not have forgotten 25th of May 2015, the day when the death warrant for retirees was signed by IBA/UFBU.After two months of silence, AIBEA has opened its mouth. In the abstract of reports presented at their CC meeting held in Rajkot during 9th and 10th July 2015, it has been mentioned that UFBU could not achieve most of the demands of retirees placed in the meeting of BPS, in view of the fact "IBA was maintaining a technical position that they have no mandate from Banks to discuss on the issues of past retirees.Top of FormIn this context, we have to state the following:-1.The issues relating to grant of Pensionary benefits to Bank employees have been raised by employees organizations from around 1985 onwards and IBA has been discussing these issues since then, without raising this bogey of lack of mandate even once;2. Even at the time of implementation of Pension scheme way back in 1995, not even once the IBA has stated that this retiral benefit is a welfare measure and is being implemented without mandate from the PSBs.3. Even when the issue of second option was raised in early 2000 and finally agreed upon in 2010, this bogey of lack of mandate to discuss pension related issue was never raised even once.4. When the 10 BPS became due in November, 2012, and the demands were raised by the UFBU, IBA never raked up this issue for almost 3 years.5. In fact IBA is well aware of the fact that there is no need for such separate mandate since under Regulation 45 of the Officer's Service Regulation (OSR) below the caption "Terminal Benefits", Provident Fund, Pension and Gratuity are covered. Thus, when Pension is a part of Officer's service Regulation and the mandate has been given by PSBs to discuss and settle scales of pay and allowances and other service conditions of officers, it is a clear mandate to discuss all issues governing Officer's service condition including pension, which is covered under regulation 45 of OSR.6. The very nature of Pension Regulation extends the contractual relationship between bank and the retirees. Therefore, there is no need for any mandate from the PSBs which even IBA is aware of.7. If the present statement of IBA that there is no mandate to discuss pensioners issue is to be taken as correct, then how is that they have dealt with Pension issues so far without mandate? Why did they not disclose this for the last 30 years or so? The same officials of IBA were part of the negotiations with UFBU.UFBU has not also asked them as to why they are raking up this issue at the time of signing the record note100% DA NEUTRALISATIONAs regards 100% neutralization, IBA says in the record note "From a humanitarian point of view IBA may examine the feasibility of providing hundred percent DA neutralization reliefs to pre Nov 2002 retirees based on details of costing exercise"We refer to the VETERAN issue of March 2009 pertaining to IOB Retirees association, wherein it has been mentioned that a Meeting of the Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice was held on 28th January, 2009, under the chairmanship of Mr. Sudharsan Nachiappan in New Delhi, wherein IOB top officials, Finance Ministry New Delhi officials, IBA officials, AIBRF office bearers and IOB retiree association office bearers participated. Main issues placed before the committees are 100%DA neutralization, Updation of pension and Medical scheme for retirees. The committee considered the issues as public issues pertaining to banking industry and directed IBA/Finance ministry to hold talks with retirees' representatives and accordingly IBA had talks with them on 5th March 2009. When the issue of 100% DA neutralization came up, IBA agreed to get the sanction of its Management committee and recommend to Govt. sanctioning 100% D.A. neutralization to pre-2002 retirees. During March 2014, UFBU informed that the proposal has been recommended to Government. Suddenly while signing the record note IBA informs that it cannot take a decision and talks about sub judice, costing exercise etc. It is not known as to whether IBA had really recommended and forwarded the proposal to finance ministry and if so, whether the same was sent, without the costing exercise. Had they got the sanction at that time itself, the question of retirees going to courts would not have arisen. Now also, when it talks about costing exercise why it remained silent for the past six years? It is not known as to the present position of the exercise and to whom the job has been entrusted? Moreover IBA never quantified the amount at any point of time. Actually UFBU should have asked the above questions to IBA at the time of signing the record note. Some of the pensioners including Mr. B.G. Raithatha, Vice President of our AIUBRF, sought the present position of the proposal with finance ministry, under RTI, when they were directed to give the specific reference number of the post, vide which the proposal has been forwarded. The subject detail could not be obtained from IBA, as IBA is a non registered body and does not come under RTI. It is clear from the above that IBA is dilly dallying the issue and UFBU has not bothered about the same.In the matter of 100%D.A neutralization to retirees prior to Nov.2002, comrades' attention is drawn to the following:A case was filed in Madras high court and a judgement dated 14th Dec, 2012 was given is favour of bank employees. While delivering the judgement the court has quoted supreme court judgement between D.S. Nakara vs Union of India 1983.The judge made a mention that there is only one class of pensioner and consumer price index is common to all the pensioners.Immediately the case was moved to division bench, where the bench set aside the judgement of the single judge stating that there are different classes of pensioners depending upon the period of agreement. What is the relevance of Nakara case here? Two views on a single problem.. Now the case is in Supreme Court.In another Supreme court judgement DATED 17TH Jan, 2013 in the civil appeal no 8848-8849 0F 2012 between Kallakkuruchi Taluk Retired officials' association Tamilnadu VS STATE OF TAMIL NADU, in which case, Government was paying different DA rates to pensioners retired prior to 1-6-88 and who retired on or after 1-6-88.This case is just identical to the case of bankers who are denied 100%DA Neutralization.The court delivered the judgement stating that the GOVERNMENT ORDER of the state government issued in 1988 is in violation of Article 14 &16 of Indian Constitution. Further HON 'BLE judges have stated "it could not discriminate between one and another, while calculating the pension payable to them." Supreme Court says the purpose of adding component of dearness pay to wage for calculating pension is because of the effect of inflation.In a similar case, Kolkata HIGH COURT WPNO 507OF 2002 delivered a judgement in favour of the employees of United bank of India on 4th July 2015.. Even in this judgement, the Hon'ble judge says "I direct the Board of the respondent bank in consultation with Central Government and Reserve Bank of India to take a reasoned decision ". There lies the problem, as Government is not taking any action over this issue. . Even though Central Government employees are paid uniform dearness allowance right from implementation of 5th Pay commission, Finance ministry does not bother about bank retirees. Only when there is no action on the part of the Government, retirees are approaching the courts. Even in the above case, IBA has advised the bank to go for an appeal before the division bench. It is clear from the above; IBA has no respect for Nakara case judgement and article 14 /16 of the Indian constitution. They are prepared to pay to the advocates, rather than paying to the retirees..Though the matter is still sub- judice, IBA should settle the matter positively so that the expensive litigation can be put to rest once and for all. But waiting for conclusion of court proceedings will only add to the delay in justice to pensioners, who are above the age of 72-75 years and are anxiously waiting for justice.The monthly loss to pensioners, who retired prior to 1/11/2002, is illustrated below. MONTHLY LOSS AS OF AUG 15 VII BPS
GRADE BASIC PAY END SCALE 100% DA ACTUAL RECD DIFF I 12540 15845 14014 1831 II 14240 17993 14551 3442 III 15760 19914 15032 4882 IV 16140 20395 15152 5243 V 17660 22316 15632 6684 VI 19760 24969 16295 8674 VII 21300 26915 16782 10133Annexure I depicts the cumulative loss for pensioners for the period from Feb 2005 to July 2014.UPDATIONLet us not go deep into the definition.Pension updation is nothing but to realign the basic pension of the past retirees with the basic pension of future retirees. It should not happen that two members of the pension funds holding similar positions in the organisation are discriminated in fixation of the basic pension on the basis of their date of birth and date of retirementOur pension regulations are based on Central Government and RBI pension regulations.The exercise of pension updation has not been carried out for last 28 years since 1986 despite the fact that it is quite long time period , CPI representing inflation has increased 10 times , salaries of the employees have been revised 6 times, banks net profits have gone up 10times country's GDP has gone up 8 times.While basic pensions of retirees of Central government are getting updated with revision under every pay commission recommendations, IBA refuses to update the basic pension due to reported financial implications. But it is surprising that the financial implication has not been quantified and without quantification of financial implication, the stand taken by the IBA is not fair and justified.IBA has forgotten three things.· Judgement in Nakara case· Article 14 and 16 of the Indian constitution· Section 10(7) of Banking companies (Acquisition and transfer of undertakings) Act 1970m which says that the provisions for bad and doubtful debts, depreciation on assets, staff cost and superannuation cost and provision required under law, and thereafter the net profits to be used for payment of dividend to the owners. That is to say staff cost and superannuation costs have prior charge over net profits.The employer has an obligation to ensure that the employees having served the institution almost life time are provided adequate superannuation benefits, so that they are able to live a life of dignity, honour and above all a comfortable life for having given their blood and sweat to the institution. The superannuation expenditure cannot be considered as a cost and be made subject matter of negotiations. The compensation paid in the form of superannuation have been described by the highest court of the country as deferred wages paid to all those who served the institution with devotion and conviction for ensuring the prosperity, not only for the institution but the nation as well.On 15th July 2015, Supreme Court has given 6 weeks time to Central Government for implementing OROP for defence personnel. Similarly they have Directed central government to consider OROP for retired judgesBank retirees also come under same class of pensioners like defence and Judges. For them, the Government has to pay from budgetary support, whereas for Bank Retirees it is going to be paid from their own Pension fund, which is to the tune of Rs.180459 crores as of 31.3.2015 and which is not a small amount. The same is highly adequate to meet the cost factor. We attach an annexure II on the comparison of pensions to various cadres at different point of time. A General Manager of our bank who retired between Nov 87-October 92 receives (!) a total pension of Rs..22535/- as against an amount of Rs.43504 received by his counterpart, who retires today. Once a Deciding authority now waits (!) for the decision of the IBA/courts.PENSION FUNDAs already pointed out the Corpus in Pension fund including SBI is Rs.180459 crores as of 31.3.2015, which was Rs.156000 crores as of 31.3.2014. We understand that Pension Trust meeting was held on 24th July 2015. Corpus in Pension Fund of our bank is Rs.7773 crores as of 31.3.2015 as against Rs.6250 crores of 31.3.2014. The yield on investments is around 9.09 % The Bank has made Contribution of Rs.1366.55 Cr to the pension fund. The Trust has made net surplus yield of Rs 566.38 Cr and made pension payment of Rs 451.91 cr. Thus the pension fund generates adequate income that is sufficient to cover the pension outgo.However the disturbing feature of Pension Fund as observed from Mr. B.G. Raithatha and Mr. Pratap Shukla's , General Secretary AIUBRF, reporting is that the same has not been registered with Pension Regulatory Authority so far, which is a matter of concern. This matter, it appears has not been discussed in the meeting held on 24th July 2015. It is not known as to whether the Central Statutory Auditors are required to examine this aspect. Without registration, it is not known as to how the bank uses the Fund for investment activities. Mr. Shukla has written to bank on 3rd July 2015, to get the Fund Registered and also to nominate representatives of retirees in the Fund.PRESENTWHAT AIBRF SHOULD DO?If you go through the website of AIBRF, you will really wonder as to how AIBRF has done a wonderful job in retiree's issues right from its inception, especially after the failure of UFBU to clinch the deal for retirees. However, now the ball is again in AIBRF's court. Last month AIBRF had its central committee meeting in Indore on 9th and 10th of July 2015 to chalk out further course of action arising out of the problem post settlement.The views of Tamilnadu Unit were sent to AIBRF CC Meeting through Mr. U.A. Sathar. The same is given in brief here:1. to lobby with political establishment through AIBRF contacts for settling 100% DA and family pension, since there are major differences on this with IBA.2. to file a case in Supreme Court for updation, by engaging a very senior counsel of the Supreme Court.3. To collect a onetime levy of Rs.500 per retiree towards legal fund as fighting cases in Supreme Court with Senior Counsels is very expensive.Our suggestions are well received by the Committee.The major decisions taken at the AIBRF CC Meeting are as under;- AIBRF to function as an independent organisation and lend issue based support to UFBU- AIBRF to work and develop cordiality with working UNIONs- AIBRF to develop co ordination among various Retiree Organizations at Apex Level- To Seek an appoint with IBA to discuss Retiree Issues directly- To initiate appropriate action for removal of clause "no contractual Obligations towards Retirees" in the record note signed between IBA and UFBU_ To seek an expert opinion from Leading Advocates exploring the possibilities of legal remedy- To pursue the demand for one more option for the left over retireesIn the meantime, we observe that all the major retiree organizations have formed a Confederation to fight the cause of retirees. While the above move is a welcome feature, a smooth coordination between various retiree organizations is the need of the hour so that the end results are achieved.· We were too much dependant on UFBU. It is our sincere opinion that UFBU did not put forth retirees' issues properly. In case they were totally aware of the issues and intricacies, they would not have signed the RECORD NOTE. Instead they should have given full explanations to IBA on financial viability, lack of mandate and contractual relationship etc. Even UFBU could have got the details from Retirees Associations. After the MOU was signed in Feb 2015, UFBU had little time to conclude negotiations, for working staff and as the deadline of 3 months was about to expire, the settlement was signed in a hurry, ignoring the retirees issues.· There are around 11000 retirees in our bank, as of Dec 20141. Those who retired between 1986 and 2002 are not getting 100 percent DA.These pensioners have completed minimum 12 years and maximum 27 years ofRetirement and belong to age group of 86 - 70 years.2. Number of pensioners belonging to this group is now decreasing due to timeFactor and advancing age.3 .After death of pensioner, either pension is stopped or converted into familyPension. In either case number of pensioner not getting 100 percent DA getsreduced. This phenomenon is on the increase in the last few years.(4) Basic pension of this group is very much lower than those retiring nowand enjoying benefit of 100 percent DA. Therefore, financial burden for increasewill be limited. The same will be the case with other Bank retirees also.FUTUREIn order to get some relief AIBRF /Confederations should carry out immediately;-(1) They should sit together and take a decision with regard to filing of SLP in SC immediately(2) They should collect a minimum of Rs.500 per affected retiree (definitely they will not mind giving) at the shortest possible time and create a legal fund. We may need crores of money to fight the case in Supreme Court(3) The Confederation should engage top constitutional lawyers like Mr. Fali Sam Nariman , Mr. Harish Salve etc., to fight the case(4) Seek all clerical and other assistance from affiliated units(5) All the similar cases lying in various courts of India should be got transferred/tagged and pressed for an early hearing.(6) Explore possibility of impleading Finance Secretary of Finance Ministry/IBA officials as parties to the case,MEDICAL INSURANCE SCHEMEComrades, our Tamilnadu unit has always been in the fore front for getting an insurance linked REMAS for the past two years. , in view of the fact that more than 60% of our retirees are seniors without any Medi claim policy, in which case they may have to shell out unimaginable amount towards hospitalization charges. We persuaded our All India Body for a Medi claim policy. When the proposal was about to materialize, a scheme under Bipartite settlement was worked out.IBA vide its circular dated 29.6.2015 has announced implementation of Medical Insurance Scheme to working staff. They have also announced that the said medical scheme will be extended to existing Retirees on payment of the agreed insurance premium. There are two policies one for a sum of Rs.4.00 lacs for officers and the other one for Rs.3.00 lacs for clerical/sub staff (with an approx premium of Rs.7000 and Rs.5000 respectively. Actual premium not known)AIBEA in its abstract from the report to GS states "Extension of new medical reimbursement scheme to all past retirees – a great achievement". We give below the portion of the General Secretary's report from the magazine VETERANS latest issue published by IOB retirees associations""The extension of hospitalization scheme to past retirees has been done by Indian Banks' Association as per the directive of the Chairman of the Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice in the meeting of the Standing Committee held on 28-01-2009 to discuss the grievances raised by our organisation Indian Overseas Bank Retirees' Association, joined by UFBRO.One of the subjects discussed was the welfare schemes for retirees. During the course of the discussion Smt. Krishna Thirath, M.P. a member of the committee made a powerful and convincing appeal to introduce a Medical Scheme for retirees in the same lines of the scheme available for serving Employees. This was supported by the Chair and the IBA was asked to formulate a scheme in those lines and submit to the committee. This was accepted both by IBA team as well as representatives of the Dept of Banking.It has taken six long years for IBA to carry out the directive of the Parliamentary Committee. It is to be noted that the directive of the Committee was to introduce a Medical Scheme for retirees in the same lines of the scheme available for serving Employees".But we find that as per the IBA scheme, the premium for retirees will have to be borne by them. Had IBA advised the banks to take retirees into the fold and then take a quote from the insurance companies, a favourable quote could have resulted in a lesser load to the retirees. Instead the working staff and the retirees have been treated as two separate blocks. This is going to hurt the retirees. We are aware that this would have resulted in a marginally higher outgo towards premium for working staff. But IBA could have been gracious enough to at least offer this concession to the retirees.The exact premium is still not known. We have given detailed suggestions to Com. N.Shankar and Com. A. Chidambaram and sought their help so as to mitigate the burden of premium cost on the retires. This will be decided in the next Welfare Committee Meeting and we hope, we get the desired results. However, we are keeping our fingers crossed.Otherwise the scheme formulated is an excellent one with the following features:· No age restrictions· Waiver of pre existing disease· Cash less· No co pay· Allopathy/ayurveda/homeopathy/naturopathy covered· Domiciliary treatment permittedWe request all the members to opt for the policy immediately, as and when the Bank comes out with a circular on this. as you may not get another chance.Those who wish to join the scheme may furnish the details of Names of self and spouse , date of birth to this office.COMPARISION OF SALARY STRUCTURE WITH CENTRAL PAY COMMISSIONWe attach a chart annexure III giving the statistics of salary structure (which decides the basic pension) achieved under various bipartite settlements by UFBU. While the achievement between 5th and 6 th settlement is remarkable, subsequent statistics show a declining trend. Banking sector was once a HIGH WAGE ISLAND which was NEIGHBOURS ENVY /OWNER'S PRIDE has reversed. We also attach an annexure IV on the salary structure of Central Pay Commission, where the structure is recording a massive growth. The recent news is that 7th Pay commission is likely to result in 40% increase in wages.Whenever bank employees ask for increase in salary IBA sings the tune of NPA. When the Central Government which has got a Fiscal Deficit of Rs.5.12 lac crores as of 31.3.2015, is in a position to offer the above package, there should not be any problem for bankers, who transfer sizable profits (Net profits of public sector bankers as of 31.3.2015 is Rs.37000+ crores) to Central government by way of dividends, to give suitable increase to bank employees. Kerala Government, which is almost in the same place with Central government as far as Fiscal Deficit is concerned, has fixed a minimum pay of Rs.17000 (increase from Rs. 8500) to its employees in 10th pay commission implemented recently. Therefore, the gap between government employees and bank employees are widening enormously.It is not known why UFBU has not opted for pay commission well in advance. A survey shows that 85% of the bank employees are in favour of Central pay commission. However, now the same is not possible, as the 7th Pay commission is going to submit its report on 1st of September 2015, which will be implemented from 1st of January 2016 and the next commission is due only from 1.1.2026.COMMITTEE MEETING AT TIRUCHIThe Committee meeting of our association was held at Trichy on 11th July 2015, followed by a Members" meet. . Around 40 comrades from Trichy, Tanjore, Madurai and Erode attended the meet. Senior most members like Mr. L.S. Gupta and many others actively participated in the meet. Mr. Dhivyanathan, Mr. O. Sundaram and their team had made excellent arrangements for the meet. We thank one and all for the arrangements and active participation.ARREARS:Those comrades who retired on or after 1/11/2012 are entitled to salary arrears; leave encashment, medical aid etc., in view of X BPS. Our Central management has directed the Regional offices to calculate and pay the arrears. Our Chennai Regional office has already started the work. We have requested other Regional offices also in this regard. We hope, the same will be completed either by the end of this week or at the beginning of next week.DA chart for the period August 2015 to January 2016 is attached herewith.COMRADES, RETIREMENT IS A PROCESS AND NOT A PUNISHMENTLet us take a vow to fight for financial independence, in the ensuing Independence Day.With greetingsYours sincerely,K.R. RaviGeneral SecretaryEncl:Annexure I - Calculation of loss due to denial of 100% DA neutralizationAnnexure II – Comparisons of PensionAnnexure III – scales of pay of bank employees as per BPSAnnexure IV - scales of pay of Central govt staff as per Central Pay CommissionAnnexure V - comparison of BPS with Pay commissionsPS: The statistics given in the annexure are from various sources. We thank one and all for the contribution. There may be arithmetical errors. Kindly bring to our notice in case if you find any errorD.A. FOR PENSIONERS % 31 SLABS MOREAUGUST 2015 – JANUARY 2016
Retired prior to 01-11-1992 - 1324 Slabs over 600 points upto 1250 1251-2000 2001-2130 Above 2130 887.08% 728.20% 436.92% 225.08% After 01-11-1992 upto 31-03-1998 - 1187 Slabs over 1148 points Upto 2400 2401-3850 3851-4100 Above 4100 415.45% 344.23% 201.79% 106.83% After 1.04.1998 to 31-10-2002 1053 slabs over 1684 points Upto 3550 3551-5650 5651-6010 Above 6010 252.72% 210.60% 126.36% 63.18% Retired on or after 1-11-2002 - 902 Slabs over 2288 points For the entire Basic Pension Amount 162.36% Retired on or after 1-11-2007 - 765 Slabs over 2836 points For the entire Basic Pension Amount 114.75% Retired on or after 1-11-2012 - 364 Slabs over 4440 points For the entire Basic Pension Amount 36.40%
UNION BANK RETIRED STAFF ASSOCIATION TAMILNADUCalculation of loss due to denial of 100% DA neutralization ANNEXURE IFOR THE PERIOD FEB 2005 TO JULY 2014(AMT. IN RS.)
SETTLEMENT IV V VI VII CADRE BASIC PAY AMOUNT BASIC PAY AMOUNT BASIC PAY AMOUNT BASIC PAY AMOUNT JMG I SE 1175 0 2100 0 4250 0 7100 0 2675 10160 4020 89865 8050 94534 12540 113124 MMG II SE 1825 0 3060 32328 6210 33745 9820 34650 2925 24592 4390 160392 8740 161307 14240 208285 MMG III SE 2650 8659 4020 89865 8050 94534 12540 110831 3250 49070 4910 284472 9700 260867 15760 295422 SMG IV SE 2925 24592 4520 191662 8970 185160 13900 188794 3450 54843 5350 391310 10450 338649 16140 317206 SMG V SE 3575 62117 5350 391310 10450 338649 16140 317206 3800 75048 5950 535634 11450 442357 17660 404342 EG VI SE 3850 77934 5950 535634 11450 442357 17660 404342 4350 150770 6550 679958 12650 566808 19760 524727 EG VII SE 4100 102951 6400 643877 12650 566808 19340 560650 4600 210905 7000 788201 14000 706815 21300 613010S; STARTING SCALE E ENDING SCALE
UNION BANK RETIRED STAFF ASSOCIATION TAMILNADUCOMPARISION OF PENSIONS ANNEXURE II
BPS Pre V VI VII VIII IX X From Dec-86 Jan-87 Nov-92 Apr-98 Nov-02 Nov-07 Nov 12 CPI 332 600 1148 1684 2288 2836 5957 Slab 1309 1242 1105 971 820 683 Salary Eligible for Pension with Grad+Spl+FPP
Daftary 856 1639 3338 5522 8335 11740 19200 Spl A 2236 3514 6425 10573 15730 20770 32850 III 3250 4910 10200 16140 22900 32400 51490 VII 4600 7000 14000 21900 33600 53300 85000Basic Pension for full service
Daftary 5000 820 1669 2761 4168 5870 9600 Spl A 5000 1757 3213 5287 7865 10385 16425 III 5000 2455 5100 8070 11450 16200 25745 VII 5000 3500 7000 10950 16800 26650 42500DA on Pension Aug 15 to Jan 16 (CPI 5957.56)
Daftary 2809 7274 6934 6978 6767 6736 3494 Spl A 2809 14780 12769 12630 12770 11917 5979 III 2809 17849 16533 15150 18590 18590 9371 VII 2809 20202 18563 16970 27276 30581 15470Pension before Commutation(Basic+DA) august 15-January 2016
Daftary 7809 8094 8603 9739 10935 12606 13094 Spl A 7809 16537 15982 17917 20635 22302 22404 III 7809 21654 21633 23220 30040 34790 35116 VII 7809 23702 25563 27920 44076 57231 57670Pension after Commutation(Basic+DA) august15-January 2016
Daftary 7809 7821 8047 8819 9546 10649 9894 Spl A 7809 15951 14911 16155 18013 18840 16429 III 7809 20836 19933 20530 26223 29390 26534 VII 7809 22535 23230 24270 38476 48348 43504
Scales as per BPS settlement for bank Employees: ANNEXURE III
BPS
|
Stg
|
II
|
III
|
IV
|
V
|
VI
|
VII
|
VIII
|
IX
|
X
|
From
|
Jan-70
|
Sep-78
|
Jul-83
|
Nov-87
|
Nov-92
|
Nov-97
|
Nov-02
|
Nov-07
|
Nov-12
|
|
OSR from
|
Jul-79
|
Feb-84
|
Nov-87
|
Nov-92
|
Nov-97
|
Nov-02
|
Nov-07
|
Nov 07
|
||
CPI
|
100
|
200
|
332
|
600
|
1148
|
1684
|
2288
|
2836
|
4440
|
|
Sign
|
Oct-66
|
Oct-70
|
Aug-79
|
Sep-84
|
Apr-89
|
Feb-95
|
Mar-00
|
Jun-05
|
May-10
|
May 15
|
Sub Staff
|
Start
|
116
|
245
|
430
|
815
|
1665
|
2750
|
4060
|
5850
|
9560
|
End
|
200
|
455
|
790
|
1520
|
3110
|
5000
|
7560
|
11350
|
18545
|
|
.Clerk
|
Start
|
170
|
325
|
520
|
900
|
1820
|
3020
|
4410
|
7200
|
11765
|
End
|
550
|
1040
|
1660
|
2860
|
5640
|
8980
|
13210
|
18300
|
31540
|
|
JMG I
|
Start
|
700
|
1175
|
2100
|
4250
|
7100
|
10000
|
14500
|
23700
|
|
End
|
1800
|
2675
|
4020
|
8050
|
12540
|
18240
|
25700
|
42020
|
||
MMG II
|
Start
|
1200
|
1825
|
3060
|
6210
|
9820
|
13820
|
19400
|
31705
|
|
End
|
2000
|
2925
|
4390
|
8740
|
14240
|
19920
|
28100
|
45950
|
||
MMG III
|
Start
|
1800
|
2650
|
4020
|
8050
|
12540
|
18240
|
25700
|
42020
|
|
End
|
2250
|
3250
|
4910
|
9700
|
15760
|
22280
|
31500
|
51490
|
||
SMG IV
|
Start
|
2000
|
2925
|
4520
|
8970
|
13900
|
20480
|
30600
|
50030
|
|
End
|
2400
|
3450
|
5350
|
10450
|
16140
|
24140
|
36200
|
59170
|
||
SMG V
|
Start
|
2500
|
3575
|
5350
|
10450
|
16140
|
24140
|
36200
|
59170
|
|
End
|
2700
|
3800
|
5950
|
11450
|
17660
|
26620
|
40400
|
66070
|
||
TEG VI
|
Start
|
2750
|
3850
|
5950
|
11450
|
17660
|
26620
|
42000
|
68680
|
|
End
|
3250
|
4350
|
6550
|
12650
|
19760
|
29340
|
46800
|
76520
|
||
TEG VII
|
Start
|
3000
|
4100
|
6400
|
12650
|
19340
|
29340
|
46800
|
76520
|
|
End
|
3500
|
4600
|
7000
|
14000
|
21300
|
32600
|
52000
|
85000
|
UNION BANK RETIRED STAFF ASSOCIATION TAMILNADU
Comparable Scales as per Central Pay commission for Govt
Employees: ANNEXURE IV
CPC
|
Stg
|
III
|
IV
|
V
|
VI
|
VII++
|
From
|
Jan 73
|
Jan 86
|
Jan 96
|
Jan 06
|
Jan 16
|
|
CPI
|
200
|
608
|
1510
|
2642
|
5916
|
|
Report
|
Mar 73
|
Mar 87
|
Jan 97
|
Mar 08
|
???
|
|
Sub Staff
|
Start
|
200
|
750
|
2550
|
7000
|
21000
|
End
|
430
|
1660
|
4900
|
22000
|
66000
|
|
Clerk
|
Start
|
330
|
1200
|
4000
|
8000
|
22800
|
End
|
1040
|
2900
|
9000
|
39000
|
117000
|
|
JMG I
|
Start
|
700
|
2200
|
8000
|
20000
|
46100
|
End
|
1300
|
4000
|
13500
|
44600
|
120600
|
|
SMG IV
|
Start
|
2000
|
4800
|
15100
|
46300
|
147300
|
End
|
2250
|
5700
|
18300
|
75900
|
227700
|
|
TEG VII
|
Start
|
3000
|
7300
|
22400
|
67000
|
201000
|
End
|
3500
|
7600
|
24500
|
79000
|
226500
|
|
CMD
|
Fixed
|
4000
|
8000
|
26000
|
80000
|
270000
|
CPC PAY BAND 1
CORRESONDS TO SUB STAFF CADRE IN BANKS; PAY BAND 2 CORRESPONDS TO CLERICAL
CADRE IN BANKS; PAY BAND (1) CORRESPONDS OFFICERS UNDER JM CADRE I; PAYBAND 2
CORRESPONDS TO SCALE II OFFICERS IN BANKS; PAY BAND 3 CORRESPONDS TO SCALE III
OFFICERS IN BANKS; PAY BAND 4 CORRESPONDS TO SCALE IV IN BANKS
++ ESTIMATES
FOR 7TH PAY COMMISSION.
UNION BANK RETIRED STAFF ASSOCIATION TAMILNADU
Comparison of minimum basic pay ANNEXURE V
Central government pay commission
|
|
6th pay commission
January 2006to Dec 2015
|
7th pay commission++
January 2016 to December 2025
|
Rs. 7000
|
Rs.21000
|
Kerala Pay commission
|
|
9th pay commission
2009-2013
|
10th pay commission
2014-2018
|
Rs.8500
|
Rs.17000
|
Bipartite settlements
|
|
9th bipartite
1/11/2007 to 31/10/2012
|
10th bipartite
1/11/1012 to 31/10/2017
|
Rs.5850
|
Rs.9560
|
++ESTIMATES