GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO: 526
ANSWERED ON: 26.02.2016
Pension to Bank EmployeesKAUSHALENDRA KUMAR
Will the Minister of
FINANCE be pleased to state:-
(a) whether the bank pensioners are not allowed exactly the same model
available to pensioners of Central Government as per Pension Regulations
and Settlement Scheme and if so, the details thereof;
(b) whether Bank Pensioners of Pre-2002 are being denied uniform
dearness relief as available to other pensioners, if so, the details
thereof;
(c) whether Government has any plan to review it and modify the pension
scheme to bank pensioners as available to Central Government and RBI
pensioners; and
ANSWER
(a): Pension to bank employees is paid in terms of Pension Regulations
of the respective Public Sector Bank and is not on the same model
available in Central Government. The pension in Central Government is
paid out of Budget provisions, whereas scheme in Public Sector Banks is a
funded scheme for which corpus is created during the service period of
the employee.
(b): In terms of Pension Regulations, Pensioners in Public Sector Banks
are entitled to draw dearness relief on their pension at rates which are
at par with what is payable to an employee in service during the
relevant wage settlement period, in which the employees have retired.
This arrangement is based on the industry-wide settlement with officers/
workmen.
(c) & (d): No such proposal is under consideration of the Government.
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