Increase in D.A. slabs from Feb 2019

 DEARNESS ALLOWANCE FOR BANK PENSIONERS FOR NEXT HALF YEAR  FROM 1^ST FEBRUARY’19 TO JULY ‘19

AVERAGE INDEX :6885 – INCREASE IN DA -70 SLABS
RETIRED PRIOR TO 01-11-1992 - 1571 SLABS OVER 600 POINTS
UPTO 1250	1251-2000	2001-2130	ABOVE 2130
1052.57%	864.05%	518.43%	267.07%
AFTER 01-11-1992 UPTO 31-03-1998 - 1434 SLABS OVER 1148 POINTS
UPTO 2400	2401-3850	3851-4100	ABOVE 4100
501.90%	415.86%	243.78%	129.06%
AFTER 01-04-1998 UPTO 31-10-2002 - 1300 SLABS OVER 1684 POINTS
UPTO 3550	3551-5650	5651-6010	ABOVE 6010
312.00%	260.00%	156.00%	78.00%
RETIRED ON OR AFTER  1-11-2002 - 1149 SLABS OVER 2288 POINTS
FOR FULL BASIC PENSION  – 206.82%
RETIRED ON OR AFTER  1-11-2007 - 1012 SLABS OVER 2836 POINTS
FOR  FULL BASIC PENSIONION – 151.80%
RETIRED ON OR AFTER  1-11-2012 - 611 SLABS OVER 4440 POINTS
FOR FULL BASIC PENSION  – 61.10%

Pm/31.1.19

 

 

 Increase in D.A. slabs from Feb 2019 ( 70 slabs increase)

Click on link below for D.A. calculations

D.A. Calculator

 

Increase in .D.A. w.e.f. Feb 2019 - 73 slabs more

D.A. Rates for Pensioners (%) – 73 Slabs more

Retired prior to 01-11-1994 - 1225 Slabs over 600 points
Upto 1250    1251-2000    2001-2130    Above 2130
820.75%        673.75%      404.25%         208.25%
After 01-11-1992 upto 31-03-1998 - 1088 Slabs over 1148 points
Upto 2400    2401-3850    3851-4100    Above 4100
380.80%        315.52%      184.96%         97.92%
After 01-04-1998 upto 31-10-2002 - 954 Slabs over 1684 points
Upto 3550    3551-5650    5651-6010    Above 6010
228.96%        190.80%      114.48%          57.24%
Retired on or after  1-11-2002 - 803 Slabs over 2288 points
For the entire Basic Pension Amount    144.54%
Retired on or after  1-11-2007 - 666 Slabs over 2836 points
For the entire Basic Pension Amount    99.90%

D.A calculator is available for calculating revised D.A. and difference. For calculating D.A , enter basic ( original basic without reducing commutation amount) and click on the calculate button. Revised D.A , Present D.A. and difference will be displayed on the calculator. Select appropriate retirement date range according to the date of retirement.

 
Click on the following link for  D A Calculator. 

  

D.A. Calculator

Increase in D.A. for pensioners w.e.f. Feb 2019 - 51 slabs more

D.A. Rates for Pensioners (%) – 51 Slabs More


Retired prior to 01-11-1992 - 1293 Slabs over 600 points
Upto 1250    1251-2000    2001-2130    Above 2130
866.31%         711.15%     426.69%        219.81%
After 01-11-1992 upto 31-03-1998 - 1156 Slabs over 1148 points
Upto 2400    2401-3850    3851-4100    Above 4100
404.60%       335.24%        196.52%        104.04%
After 01-04-1998 upto 31-10-2002 - 1022 Slabs over 1684 points
Upto 3550    3551-5650    5651-6010    Above 6010
245.28%        204.40%       122.64%        61.32%
Retired on or after  1-11-2002 - 871 Slabs over 2288 points
For the entire Basic Pension Amount    156.78%   
Retired on or after  1-11-2007 - 734 Slabs over 2836 points
For the entire Basic Pension Amount    110.10%     

D.A calculator is available for calculating revised D.A. and difference. For calculating D.A , enter basic ( original basic without reducing commutation amount) and click on the calculate button. Revised D.A , Present D.A. and difference will be displayed on the calculator. Select appropriate retirement date range according to the date of retirement.

 
Click on the following link for  D A Calculator. 

  

D.A. Calculator

Negotiations with IBA failed - Two days strike on 10th & 11th Feb 2019

Negotiations held between UFBU and IBA  held on 27 th Jan 2019 failed,  as  IBA improved their offer by .50% (i.e.10 % instead of earlier offer of 9.50%) .  The final offer of 10% is  on payslip component excluding superannuation and other costs.  The reason once again cited for this lower offer was the stress on the balance sheets of  various  banks.  UFBU rejected the offer made by IBA instantly. Immediately in the meeting of constituents,  UBFU decided to go on strike on 10th and 11th Feb 2019 and served strike notice on IBA.

Source : AIBOC website

FINALLY VIJAYA BANK CREDITS PENSION TO PETITIONER RESIGNEES ACCOUNT - A meeting of Bank Resignees is scheduled at Banglore on 03/02/2019

A communique received from Shri R.K. Pathak, President , Resigned Bank Employees Welfare Association (RBEWA), is reproduced below.




Quote

FINALLY VIJAYA BANK CREDITS PENSION TO PETITIONER RESIGNEES ACCOUNT

On Saturday late on 25/01/2019, Vijaya Bank credited Pension to 21 petitioner resignees and still one of the petitioner is yet to get his account credited as he expired in accident in August 2019 & HRD of the Vijaya Bank is in dilemma to settle his claim.

It is expected NOW at least, management will take good decision to grant pension with commutation as on 27/11/2009 & arrears till August 2019 & there after family Pension. Let us wait & hope Bank will resolve the issue in couple of days.

To discuss the issue of pension to Resignee Petitioners, Board of Directors had its meeting on 28/12/2019, both the Directors (Workman as well as Officer) insisted for extending the pension option to all employees whose option was declined by referring clause No.7 of the circular No 10191 dated 07/09/2020. But the so called Guardian Directors of AUTONOMUS BODY refused to extend pension option to other than petitioner resignees by pointing figures towards IBA.

It is also understood that in Vijaya Bank still 90 employees having qualifying service of more than 20 years were denied pension option by referring clause No.7 of the circular No 10191 dated 07/09/2020.

In order help the resignees to get pension option, a meeting of Bank Resignees is scheduled at Banglore on 03/02/2019 to chalk out action plan & fortunately Bank Retirees Organisation too are extending their support for this meeting.

In the past too, Retirees organization, Retirees Forum of Bank of Maharsahtra & All India Bank Pensioners & Retirees Confederation had extended the financial support to Petitioner Resignees.

The Resigned Employees of Public Sector Bank with qualifying service, for more details, may please contact R K Pathak on his cell no.09373053695 or at his email id advpathak10@gmail.com

The Resignees resident of Karnataka state for their own interest are invited for meeting. 

Unquote 

Strike on 20th and 21st January 2019 deferred in response to improved offer by IBA

We repoduce below the text of UFBU CIRCULAR No.UFBU/2019/16 dated 17-01-2019 

Quote

· Bipartite Talks held with IBA today
· IBA improved their initial offer from 5% to 9.5%
· Next round of negotiations on 27th January, 2019
· Strike on 20th and 21st January 2019 deferred
We had informed our unions and members, vide our Circular No. 15 dated 13.1.2019, about the outcome of the proceedings of the conciliation meeting held in Delhi by the Chief Labour Commissioner on 13th instant. As agreed in the meeting, the IBA invited the UFBU for discussions and the bipartite talks were held today in Mumbai in the office of IBA. IBA was represented by Mr T M Bhasin (CMD, Indian Bank) Chairman of the Negotiating Committee, Mr. M V Tanksale, Chief Executive of IBA and other CMDs/EDs who are members of the IBA’s negotiating team. UFBU was represented by the representatives of all the constituent unions.


During the discussions held today, after protracted negotiations, IBA finally agreed to improve their earlier initial offer of 5% on cost of Pay slip components (which amounted to Rs. 1575 crores ) to 9.5 % (amounting to around Rs. 3000 crores) which is exclusive of retirement benefits and other costs. The IBA also reiterated that they would expedite the negotiations and conclude the Settlement by June, 2019. IBA further informed that the next round of negotiations will be held on 27th January, 2019.


From our side, while explaining the rationale behind our charter of demands, we pointed out that their offer needs to be further enhanced before we can reach any finality. However, looking to their improved offer and assurance to expedite the settlement, it was decided to defer our agitational programmes and proposed strike action on 20th and 21st January, 2019.

We congratulate all our unions and members all over the country for their enthusiastic preparation for the strike which has resulted in the above outcome.

Further developments will be informed to units after the next round of negotiations. In the meantime, it is necessary to maintain our unity and preparedness which alone can guarantee accomplishment of our demands.

Sd.. M V Murali,
 Convener

Unquote

Bipartite talks - Pension related issues - UFBU circular

UFBU has issued a detailed circular regarding bipartite meeting held between IBA and UFBU at Mumbai on 7th Jan 2019. Relevant para from UFBU circular is reproduced below.

Quote
Pension related demands:
We also raised the issues relating to improvements in Pension related demands like 100% DA for pre-Nov. 2002 pensioners, family pension formula, periodical updation of pension, etc.
We also suggested that DA upto 4440 points for all pensioners should be merged with Basic pension and a uniform DA formula to be applicable to all pensioners.  We also demanded extension of DA linked pension scheme for employees recruited after April 2020.
It was agreed to discuss all these issues further. 

Unquote 

Click here to view UFBU circular