Saturday, May 23, 2015

Pension erosion-2 !!

On reading my earlier post about decrease of Pension,
some intelligent comrades said:


Arrears of Computed portion that will be given is huge , and that will compensate

this loss/decrease in pension.

I want to remind them whenever there is wage revision, basic pay will increase
consequently computation amount will also increase. It is quiet natural.
It happened in earlier occasions also. But pension did not decreased in those occasions.

(i.e 7th to 8th and 8th to 9th settlements)
If at all there was any decrease it is in few hundreds,  that too would have been adjusted 
within six months or so by D.A. raise.
But, now in 10th B.P.S. pension is reduced around Rs.2200 and even after 30 months it is 
not adjusted against D.A. raise.
This the specialty of this settlement.

Further, to wake up those pretend to sleep, I give below a chart 
Where an employee opt to draw full pension without commutation.

When it is said wage revision is at 15%  what is the increase in pension?
It is only 2.72% without commutation.

Can anybody Justify it?





     

7 comments:

Shankar Krishnamoorthy said...

Every time I open your blog there is a nuclear bomb Pensioners are buried alive by UFBU & IBA

ALANKAR RANA said...

b d suman -Sir,It is rquested to All LEADERS of UFBU to do something better to save Erosion of pension ,otherwise , all effected fanily will never pardon to destroy their BUDHAPA.

Anonymous said...

Avatar
geenati pannvalan
3 hours ago
I know a case who after putting in 40 yrs of service retd in Nov 14 but according to clarification he is not entitled to 8th incr but a person who may have put, say 37 yrs service but retiring in July 15 will get 8th incr and as such will draw more pension.
0 Edit Reply

R V RAJENDRAN said...

AT THIS FINAL STAGE THE ONLY WAY TO

SOLVE THE PROBLEM IS:

10BPS RETIRES MAY BE GIVEN 13%(ALREADY

2% LOADED IN BASUC) INCREASE WHILE

CALCULATING BASIC PENSION FOR

RETIREMENT

Anonymous said...

Staff who retire after 1.11.12 must get all the benefits of special pay in pension. The 8th stagnation also should be from 1.11.12. For officers there was a demand for continuous pay scale up to scale 3, leasing of own house, etc. These were not achieved. At least for claiming 150% of hra, for calculating capital cost, present value of house must be taken instead of actual cost of construction. Many seniors who constructed house 37 years back will have capital cost of around Rs. 1 lakh. So at least for these handful of retiring officials this must be added in settlement. Suitable calculation be added in settlement to find value of Nov 2012 based on present value so that they will get arrears.

Siba Sethy said...

I AM A PF OPTEE.,BUT AGREE WITH YR VIEWS.I HAVE POINTED THIS EROSION 2 MONTHS BACK.NOT SOME INTEELIGENT COMRADES BUT SOME VETERAN LEADERS OPINE THAT COMMUTATION AMT WILL BE HUGE....!IN 10TH BPS SALARY HIKE IS 11.47-16.00% DUE TO SPL ALL WITH DA WHICH IS NOT FOR RETIREMENT BENEFIT.
I THINK IBA HAS GIVEN BIRIYANI AT PRESENT AND JUST AFTER RETIREMENT WILL GIE RICE+DAL.LEADERS SHOULD THINK OF THIS..!S P SETHY RETD OFFICER 09437310151

PATNI NAVIN said...

This is a worst ever settlement for working and particularly for retired bank employees .It is not acceptable at all.A strong movement against IBA & our UFBEU Leaders is need of hour.