CIRCULAR o f Union Bank Staff Retirees Assn ,TamilnaduPlease don't miss

A CLASSIC & COMPREHENSIVE CIRCULAR & WRITEUP FROM UNION BANK STAFF RETIREES ASSN, TAMIL NADU

 What 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.

R.B.KISHORE,VP,AIRIEF

UNION BANK RETIRED STAFF ASSOCIATION-TAMILNADU

(Affiliated to AIUBRF and AIBRF)

C/O KALYAN ENTERPRISES

 Old No. 5, Kamarajnagar II Street, 80 feet road, Sathya gardens

Saligramam, Chennai-600093

TF: 044-23642328, 9444029760

Email: ubretirees@gmail.com

 

Circular 105/15                                                                                                      06/08/2015

 

To all the members

We 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 youngsters

2.      Mr. M.S. Viswanathan legendary music director

3.      Mr. Srinivasa Rangan, who worked in computer cell, staff college etc

4.      Mr. Kannan, who worked in audit department  and in Kottampatti branch

5.      Mr. Vidhyashankar, Retired Special Assistant

 

Association dips its banner as a mark of respect to the departed souls. May their souls rest in peace.

 

PAST

Comrades, 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 25^th 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 9^th and 10^th 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 Form

  

In 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 note

           

100% DA NEUTRALISATION

As 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 28^th 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 5^th 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 14^th 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 17^TH 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 4^th 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 5^th 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	10133

Annexure I depicts the cumulative loss for pensioners for the period from Feb 2005 to July 2014.

 

UPDATION

Let 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 retirement

 

Our 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 15^th 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 judges

 

Bank 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 FUND

As 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 24^th 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 24^th 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 3^rd July 2015, to get the Fund Registered and also to nominate representatives of retirees in the Fund.

PRESENT

WHAT 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 9^th and 10^th 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 retirees

 

 In 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 2014 

 

1. Those who retired between 1986 and 2002 are not getting 100 percent DA.

These pensioners have completed minimum 12 years and maximum 27 years of

Retirement and belong to age group of 86 - 70 years.

 

            2.  Number of pensioners belonging to this group is now decreasing due to time

 Factor and advancing age.

 

3 .After death of pensioner, either pension is stopped or converted into family

Pension.  In either case number of pensioner not getting 100 percent DA gets

reduced.  This phenomenon is on the increase in the last few years.

 

(4) Basic pension of this group is very much lower than those retiring now

and enjoying benefit of 100 percent DA. Therefore, financial burden for increase

 will be limited. The same will be the case with other Bank retirees also. 

   

                                              FUTURE

In 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 SCHEME

Comrades, 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 permitted

 

We 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 COMMISSION

We 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 5^th 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 7^th 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 10^th 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 7^th Pay commission is going to submit its report on 1^st of September 2015, which will be implemented from 1^st of January 2016 and the next commission is due only from 1.1.2026.  

 

 

COMMITTEE MEETING AT TIRUCHI

The Committee meeting of our association was held at Trichy on 11^th 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 PUNISHMENT

Let us take a vow to fight for financial independence, in the ensuing Independence Day.

 

 

With greetings

 

Yours sincerely,

  

 

K.R. Ravi

General Secretary

 

 

Encl:

Annexure I -         Calculation of loss due to denial of 100% DA neutralization  

Annexure II –      Comparisons of Pension 

Annexure III –     scales of pay of bank employees as per BPS

Annexure IV -      scales of pay of Central govt staff as per Central Pay Commission

Annexure V -        comparison of BPS with Pay commissions           

 

PS: 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 error

 

 

D.A. FOR PENSIONERS    %                             31 SLABS MORE

AUGUST 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 TAMILNADU

Calculation of loss due to denial of 100% DA neutralization                     ANNEXURE  I

FOR 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            S                                          E	1175	0	2100	0	4250	0	7100	0
	2675	10160	4020	89865	8050	94534	12540	113124
MMG II           S                          E	1825	0	3060	32328	6210	33745	9820	34650
	2925	24592	4390	160392	8740	161307	14240	208285
MMG III         S                         E	2650	8659	4020	89865	8050	94534	12540	110831
	3250	49070	4910	284472	9700	260867	15760	295422
SMG IV           S                         E	2925	24592	4520	191662	8970	185160	13900	188794
	3450	54843	5350	391310	10450	338649	16140	317206
SMG V            S                         E	3575	62117	5350	391310	10450	338649	16140	317206
	3800	75048	5950	535634	11450	442357	17660	404342
EG VI               S                         E	3850	77934	5950	535634	11450	442357	17660	404342
	4350	150770	6550	679958	12650	566808	19760	524727
EG VII             S                         E	4100	102951	6400	643877	12650	566808	19340	560650
	4600	210905	7000	788201	14000	706815	21300	613010

S; STARTING SCALE   E ENDING SCALE

UNION BANK RETIRED STAFF ASSOCIATION TAMILNADU

COMPARISION 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	85000

Basic 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	42500

DA 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	15470

Pension 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	57670

Pension 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 7^TH 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