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Saturday, 9 April 2016

Excerpts from NABARD Veteran Sri Kasi Viswanathan email to RBkishore




1) The ideal solution is complete parity as has been finally recommended by the 7th CPC and we have to await the decision of GOI in this regard.

2)However as per the case examples given by the 7th CPC itself,  a Secretary to the Government of India retiring on 31 August, 1992 was in receipt of a basic pension of ₹4,000 per month. The basic pension after implementation of the V and VI CPC got revised to ₹13,000 and ₹40,000 respectively. With the benefit of dearness relief this pensioner is on date entitled to a total payout in terms of pension and dearness relief of Rs87,600.

 Further, as a pensioner who is over 80 years of age he is entitled to an additional  pension equivalent to 20 percent of basic basic pension. In effect the pensioner is in receipt of a total payout of ₹105,120 per month as on date. 

In comparison we are drawing only one third of that pension now 

We are not getting the relief for those above 80 years.

3)The formula of 7th CPC would raise the basic pension by 2.57 times or as per complete parity formula. Let us await the decision of the GOI. In the absence of GOI decision on this important recommendation the Court can not advocate complete parity but only recommend the same formula so far applied by the GOI ie merger of DA with basic pension and giving the same fitment weightage  and the revised basic pension will have to be worked out for each retiree for each of the five year pay revision as otherwise earlier retirees will lose in the process.

4)The pay scales of officers and staff due from 1-11-2012 for RBI and NB have not yet been finalised. Only for the subordinate staff in RBI it has been signed but I do not have the details and I am handicapped because of my eye problem. The pay scales for officers of RBI are expected to be announced by third week of this month  whereafter decision on pension updation will be known.

5) WE have not been able to get any indication of the lines on which pension updation will be granted . Whether it will be full or only major relief while GOI pensioners will be laughing all the way to their banks with another revision which will be announced after the state elections are over. 

6)You should also ensure that the additional relief for those above the age of 80 years is also made available in the updation on the same scales as in GOI as 7th CPC has also recommended continuation of the same relief for this category of pensioners.

7) I have only the pay scales revised last time ie effective from 1-11-2007. The circular is enclosed for your ready reference. I do not have the same for subordinate staff. You may like to obtain the same from our friend Shri Talekar

 You are a prodigious writer and I enjoy reading your write-ups. Thanks for including me in your mailing list.

With warm personal regards

Kasiviswanathan


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