ALL INDIA BANK EMPLOYEES' ASSOCIATION
CIRCULAR NO. 27/46/2013/2
7TH January, 2014
TO ALL UNITS & MEMBERS
Dear Comrades,
Enhancement in Ex Gratia Pension to Pre-1986 Retirees/surviving spouses
Units are aware that as per the Government scheme, those who had retired from the Bank’s service prior to 1-1-1986 are being paid an Ex Gratia Pension of Rs. 300 + DA per month. Similarly, the surviving spouse of these retirees are being paid a lump sum ExGratia of Rs. 1000 per month (without DA). From AIBEA we have been taking up the issue with the IBA and Government for improving this ExGratia amount. We are happy that the Government has recently agreed and accordingly advised IBA for improvement in the ExGratia as under:
The above improvements will be effective from 17-12-2013. Based on the Government’s communication, IBA has issued their Circular to all the Public Sector Banks vide their Circular dated 6-1-2014. The benefit will be as under:
With greetings,
Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No. CIR/HR&IR/G3/2013-14/8615
January 6, 2014
Chief Executives of all Public Sector Banks
Dear Sirs/Madam,
Enhancement in the ex-gratia amount being paid
to the pre-1986 retirees/surviving spouses
We are pleased to inform that the Ministry of Finance, Government of India has enhanced the ex-gratia amount being paid to (1) Surviving Pre-1.1.1986 retirees and (2) Surviving spouses of pre 1.1.1986 retirees based on the recommendations of IBA as below:
Surviving Pre 1.1.1986 retirees Surviving spouses of Pre 1.1.1986 retirees
Existing Rs. 300/- plus applicable Dearness Relief thereon Rs. 1000/- fixed without applicable Dearness Relief thereon
Revised Rs. 350/- plus applicable Dearness Relief thereon Rs. 175/- plus applicable Dearness Relief thereon
We enclose a copy of the Government letter F. No. 11/2/2012-IR dated 17.12.2013 received by us in the matter.
Member Banks may kindly take note of the above and implement the same w.e.f. 17.12.2013, i.e. from the date of Government’s approval.
Yours faithfully,
Sd/-
(Prabir Moulik)
Senior Advisor – HR&IR
TO ALL UNITS & MEMBERS
Dear Comrades,
Enhancement in Ex Gratia Pension to Pre-1986 Retirees/surviving spouses
Units are aware that as per the Government scheme, those who had retired from the Bank’s service prior to 1-1-1986 are being paid an Ex Gratia Pension of Rs. 300 + DA per month. Similarly, the surviving spouse of these retirees are being paid a lump sum ExGratia of Rs. 1000 per month (without DA). From AIBEA we have been taking up the issue with the IBA and Government for improving this ExGratia amount. We are happy that the Government has recently agreed and accordingly advised IBA for improvement in the ExGratia as under:
| pensioners | Existing | Revised |
| Pre-1986 Retirees | Rs. 300 + DA | Rs. 350 + DA |
| Surviving spouse of pre-1986 Retirees | Rs. 1000 ( without DA) | Rs. 175 + DA |
The above improvements will be effective from 17-12-2013. Based on the Government’s communication, IBA has issued their Circular to all the Public Sector Banks vide their Circular dated 6-1-2014. The benefit will be as under:
| Pre 1986 Retirees | Existing | Revised |
| Ex Gratia Pension | 300 | 350 |
| DA in Dec. 2013 at 771.84 % | 2315 | 2701 |
| Total | 2615 | 3051 |
| Increase | . | 436 |
| Spouses of deceased pre-1986 retirees | ||
| Ex Gratia Pension | 1000 | 175 |
| DA at 771.84 % | No DA | 1350 |
| Total ex Gratia | 1000 | 1525 |
| Increase | . | 525 |
With greetings,
Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No. CIR/HR&IR/G3/2013-14/8615
January 6, 2014
Chief Executives of all Public Sector Banks
Dear Sirs/Madam,
Enhancement in the ex-gratia amount being paid
to the pre-1986 retirees/surviving spouses
We are pleased to inform that the Ministry of Finance, Government of India has enhanced the ex-gratia amount being paid to (1) Surviving Pre-1.1.1986 retirees and (2) Surviving spouses of pre 1.1.1986 retirees based on the recommendations of IBA as below:
Surviving Pre 1.1.1986 retirees Surviving spouses of Pre 1.1.1986 retirees
Existing Rs. 300/- plus applicable Dearness Relief thereon Rs. 1000/- fixed without applicable Dearness Relief thereon
Revised Rs. 350/- plus applicable Dearness Relief thereon Rs. 175/- plus applicable Dearness Relief thereon
We enclose a copy of the Government letter F. No. 11/2/2012-IR dated 17.12.2013 received by us in the matter.
Member Banks may kindly take note of the above and implement the same w.e.f. 17.12.2013, i.e. from the date of Government’s approval.
Yours faithfully,
Sd/-
(Prabir Moulik)
Senior Advisor – HR&IR
The government is befooling the people. How many pre-86 retirees are surviving today? Ex-gratia of barely Rs. 3051/- per month is an insult to the retired senior officers like GMs. If the government is really concerned about such people in the evening of their life, they should be accorded full pension like other retired bank employees. Incidentally, it is only bank, LIC, RBI pre-86 retirees who have been denied pension; there's no such bar on central government retirees.
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