*_NO CONFUSION WHATSOEVER_ ..*
*[15/07, 22:28]*
*Ind. Bk. VJA* .
కటారి సత్యనారాయణ:
*RBI had*
📌 *1. Neutralised Dearness Relief @ 💯% w.e.f. 01 02 2005 for all categories of retirees those retired prior to 01.11.2002 by prescribing requisite formulae SEPARATELY for each category for implementation with prior sanction of GOI*
📌2. *Updated pension w.e.f . 01 03 2019 by prescribing requisite formulae SEPARATELY for all categories of retirees ( _settlement wise_ ) with due prior permission obtained from GOI*
📌 *3. Now obtained prior sanction from GOI for updation of pension with a common multiplication factor of 1.63 of the basic pension that was already got uniformly updated w.e.f. 01 03 2019 bringing all the erstwhile categories under the ambit of a uniform category for one and all of its retirees under its Pension Regulations ,1990.*
*Hence. it is the legitimate expectation of all those PS Banks Retirees that had joined the Pension Fund as it's members to receive the benefit of similar improvement in pension benefits being accorded to the retirees of RBI from time to time, by virtue of the industrial level Pension Settlement dated 29 10 1993 between IBA Members and AIBEA that form the legitimate/ constitutional basis under ID Act for notifying the PS Banks' Employees' Pension Regulations ,1995 notified on 29 09 1995 with further amendments notified from time to time in accordance with the mandate held under the provisions of Section 19 of the Act 5 of 1970/1980* .
*_Katari Satyanarayana_*
*Ind. Bank*
*Vijayawada*
*15 07 2023*
💥 💥 💥 💥
_*Following Audio Link is merely a repetition of the content, that is exclusively meant for only those locals who can understand telugu language alone*_
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